Connect with us

Media

Different types of gambling, media converging for growth – 570 News

Published

 on


ATLANTIC CITY, N.J. — The many different types of gambling are quickly coming together with each other and with media outlets — and Wall Street is taking notice.

Casino gambling, internet gambling, sports betting and daily fantasy sports are no longer separate silos with unique audiences: Gambling companies are increasingly combining them and partnering with media companies to expand the reach of gambling.

This expansion is leading Wall Street analysts to predict fast-growing revenue in the U.S. over the next five to 10 years. Morgan Stanley sees a $15 billion sports betting and internet gambling market by 2025, and Macquarie Research says that same market could be $30 billion by 2030.

“The once disparate categories of online gaming, media and sports are joining teams to create powerful partnerships that we believe will grow viewership, increase overall fan engagement, and drive significantly higher market values for all those connected,” Macquarie wrote in a report issued Tuesday.

It cited numerous examples of deals between sports betting and media companies last year, including Bally’s and Sinclair Broadcasting; Flutter Entertainment and FOX; PointsBet and NBC; William Hill and CBS; DraftKings and Caesars Entertainment partnering with ESPN; Penn National and Barstool Sports; BetMGM and Yahoo; and Turner Sports’ deals with FanDuel and DraftKings.

David Schwartz, a gambling historian with the University of Nevada Las Vegas, said combinations like these “seem to be the wave of the future.”

“With geographic expansion nearly complete in the U.S. — Texas is the biggest unserved market still out there — casino companies are looking to grow their revenues by expanding into new forms of gambling, (and) online and sports betting are the most prominent,” he said. “Even daily fantasy sports is seen as a viable route, as seen by recent moves by Bally’s and Caesars. The media partners get more content and more eyes on their product.”

Bill Miller, president of the American Gaming Association, the gambling industry’s national trade association, said deals like these are “a logical extension” of the industry’s desire to keep pace with customer expectations.

“Responsibly growing these verticals will be essential to the industry’s continued success,” he said.

In a report last week, Morgan Stanley forecast a $15 billion market for sports betting and internet gambling by 2025, an increase of 27% over current levels. As much as $10 billion of that is likely to come from sports betting, the company said.

Most analysts expect at least half the country will have legal sports betting by the end of 2021, with continued expansion after that.

Morgan Stanley said sports betting and internet gambling revenue reached $3.1 billion in the U.S. last year, well outpacing its forecast of $2 billion. While some of the growth in online wagering was undoubtedly helped by months of casino closures during the coronavirus pandemic, Morgan Stanley says there’s a durable market taking shape in these industries.

“We see legalized U.S. sports betting and iGaming as a once-in-a-generation shift for what was a mature gaming industry,” Morgan Stanley wrote. “It is clear to us that Americans’ interest in sports and gambling should lead to higher revenue (per) adult than we previously expected.”

___

Follow Wayne Parry at http://twitter.com/WayneParryAC.

Wayne Parry, The Associated Press

Let’s block ads! (Why?)

728x90x4

Source link

Continue Reading

Media

Ryan Reynolds Jokes About Taylor Swift’s Astronomical Babysitting Rates

Published

 on

Ryan Reynolds and Blake Lively are a Hollywood power couple with four adorable children. But juggling busy careers and a growing family can be a challenge, even for A-listers. Enter their close friend, pop icon Taylor Swift, who, according to Reynolds, might be their go-to babysitter. However, her services come with a hefty price tag (at least according to Reynolds‘ playful exaggeration).

During a recent E! News interview promoting their upcoming movie “Deadpool & Wolverine,” Hugh Jackman playfully suggested that Swift was the real nanny for Reynolds and Lively’s four children. This lighthearted jab sparked a humorous response from Reynolds.

Known for his sharp wit, Reynolds responded to Jackman’s comment with a hilarious quip. He stated that the cost of having Taylor Swift babysit would be “cost-prohibitive,” implying that her rates would be astronomically high. He even playfully added, “But I think what he meant was, ‘Cost-insane-what-are-you-doing-I’m-no-longer-you’re-accountant.'”

Reynolds and Lively, who tied the knot in 2012, share four children: James (9), Inez (7), Betty (4), and a one-year-old whose name and gender remain private. The couple has maintained a close friendship with Swift over the years. This strong bond is evident in their recent attendance at a stop of her Eras Tour in Spain, along with their three eldest children.

Swift’s friendship with the Reynolds family extends beyond casual hangouts. During the concert in Spain, she gave a heartwarming shout-out to the couple’s daughters. While introducing her album “Folklore,” she mentioned the names James, Inez, and Betty, sending the audience into a frenzy. This sweet gesture further highlights the special bond between the singer and the Reynolds children.

This isn’t the first time Swift has incorporated the girls’ names into her music.  Her 2020 album “Folklore” features a song titled “Betty” that tells a story of a love triangle involving characters named James, Inez, and Betty. Additionally, her 2017 album “Reputation” included a voice recording of James on the song “Gorgeous.”

Whether Swift truly babysits for the Reynolds family or not remains a playful mystery. However, one thing is certain: the singer holds a special place in the hearts of the Reynolds children and their parents.

Continue Reading

Media

The Simmering Feud Between Eva Mendes and Rachel McAdams

Published

 on

The 2004 romantic drama “The Notebook” continues to be a pop culture phenomenon, captivating audiences with its passionate love story between Noah and Allie, played by Ryan Gosling and Rachel McAdams. But beyond the on-screen romance, rumours of tension between the actors and Gosling’s current partner, Eva Mendes, have added a layer of intrigue to the film’s legacy.

 

From Clashing Personalities to Real-Life Romance

While their undeniable on-screen chemistry led to a blockbuster performance, Gosling and McAdams reportedly had a tumultuous time during filming. “We inspired the worst in each other,” Gosling admitted to The Guardian. However, their initial animosity blossomed into a real-life romance in 2005, sending shivers down the spines of fans who had rooted for Noah and Allie.

 

Love Found, Love Lost

Their off-screen love story, however, wasn’t a fairytale. After two years, the couple went their separate ways. McAdams found happiness and a family with screenwriter Jamie Linden, while Gosling met his current partner, Eva Mendes, on the set of “The Place Beyond the Pines” in 2011. Together, they have built a life and share two daughters.

 

A Post-Breakup Conundrum: Maintaining a Friendship

While McAdams and Gosling’s romantic flame fizzled out, reports suggest they remained amicable post-breakup.  This friendly dynamic, however, is said to have shifted when Mendes entered the picture.

 

A Shadow of Jealousy? Unconfirmed Rumors of Tension

Unverified reports claim that Mendes is allegedly uncomfortable with McAdams being around Gosling.  Unnamed sources allege that Mendes discourages any interaction between the former co-stars, fearing it might upset her. This has reportedly limited Gosling’s ability to maintain a casual friendship with McAdams.

The validity of these claims remains shrouded in mystery.  Mendes and Gosling are known for their privacy, making it difficult to separate truth from speculation.

 

 

Beyond the Rumors: The Power of “The Notebook” Endures

While the rumors of off-screen tension add another chapter to the “The Notebook” narrative, the film’s enduring power lies in its timeless portrayal of love and loss. Whether Gosling and McAdams remained friends or not doesn’t diminish the on-screen magic they created. The film’s ability to resonate with audiences continues, reminding us of the intensity of first love, the pain of heartbreak, and the enduring power of memories.

The Notebook’s legacy is a complex one, weaving together a captivating on-screen love story, rumored off-screen tension, and a reminder of the film’s lasting impact on pop culture.

Continue Reading

Media

From Mansion to Moat: Drake’s Million Dollar Home Gets Soaked

Published

 on

Toronto residents woke up to a soggy Wednesday morning after the city was pummeled by record-breaking rainfall on Tuesday. The downpour caused widespread flooding across the city, and even the opulent mansion of rap superstar Drake wasn’t spared.

 

Drake’s “Embassy” Flooded

Drake shared a video on his Instagram story showing the extent of the water damage at his Toronto mansion, nicknamed “The Embassy.” The sprawling 50,000-square-foot estate boasts an NBA-regulation basketball court and an art-deco theme, but on Tuesday, it was battling ankle-deep murky water flooding its halls.

The video shows Drake himself, clad in shorts and holding a broom, wading through the water. Someone else can be seen desperately trying to hold a large glass door shut as water surges in, presumably from a flooded patio or balcony.  Drake captioned the video with a touch of humor: “This better be espresso martini.”

The extent of the damage to the mansion remains unclear at this time.

 

Historic Rainfall Causes Citywide Flooding

The flooding at Drake’s mansion was just one symptom of the unprecedented rainfall that lashed Toronto on Tuesday. The city saw over 100 millimeters of rain in a single day, easily surpassing the average rainfall for the entire month of July (71.6 mm). This deluge makes it the fifth-wettest day ever recorded in Toronto’s history.

The heavy downpour overwhelmed the city’s drainage systems, leading to widespread flooding across neighborhoods. Emergency services were inundated with over 700 calls reporting flooded basements.  A major artery, the Don Valley Parkway, became an impassable waterway, with cars submerged almost entirely and some drivers forced to wait for rescue on the roofs of their vehicles.

 

Toronto Cleans Up After the Storm

As of Wednesday morning, the city is in cleanup mode.  Emergency crews are working to clear debris and assess the damage caused by the floods.  The extent of the financial losses incurred by homeowners and businesses is still being determined.

While Drake’s mansion may have gotten an unwelcome soaking, the true story of this weather event lies in the impact it had on ordinary citizens across Toronto. The city is now focused on recovery efforts and ensuring the safety and well-being of its residents.

Continue Reading

Trending