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NEW YORK (Reuters) - The National Basketball Association on Tuesday announced its first-ever official sports betting partner, MGM Resorts International (MGM.N), with the league agreeing to sell its official game data to the casino operator for undisclosed terms. ESPN reported the deal is for three years and $25 million, citing unnamed sources. Reuters could not independently confirm those details. The agreement also calls for MGM and NBA to cross-promote each other’s brands on their various platforms.
“Clearly, this created a new sponsorship opportunity for the NBA,” said Jeffrey Boyle, senior manager of audit firm EisnerAmper’s sports and entertainment practice, The deal is also non-exclusive for the NBA, meaning it can still sell its data and brands to other casinos and sports betting operators, though only MGM will be its “official gaming partner.”, The deal is a big development in the emerging U.S, legal sports betting market, as casinos, racetracks, technology and data companies, fantasy sports providers, sports book operators and others team up in the wake of a May rose gold fuschia swarovski barrel cufflinks | uk court decision that allowed states to regulate the wagers..
It is the first official foray of any professional sports league into the new business of American sports betting, as the leagues seek ways to monetize their ownership rights to game broadcasts, team names, logos and, they would argue, game data. As they lobby lawmakers in states looking to legalize sports betting, the leagues have sought so-called “integrity fees” - usually a small percentage of total wagers - but have so far not been successful. “My overarching objective is the integrity of the game,” said MGM Chief Executive Jim Murren at a news conference in New York with NBA Commissioner Adam Silver. “To be able to have the official NBA data for sports bettors around the world is very valuable, and .. I’ve paid for that.”.
Murren also said he expects to be able to take online sports bets by the end of this week in New Jersey, where MGM owns the Borgata Hotel Casino & Spa in Atlantic City, That would be yet another major milestone that will let anyone within state rose gold fuschia swarovski barrel cufflinks | uk lines place bets on sports from their phones or computers, MGM on Monday also announced a joint venture with UK-based GVC Holdings PLC, which owns sports book operator Ladbrokes, as well as a partnership with Boyd Gaming Corp, A representative of the National Basketball Players Association was not immediately available for comment on the deal..
BERLIN (Reuters) - The chief executive of Germany’s Uniper (UN01.DE), Klaus Schaefer, will take a break from running the company while he is being treated for cancer, the utility said. “Klaus Schaefer has informed the Chairman of the Supervisory Board, Dr. Bernhard Reutersberg, that he is suffering from cancer and that the treatment will take several months,” Uniper said in a statement on Wednesday. Uniper’s supervisory and management boards will now arrange how to divide up Schaefer’s duties during his absence, the company said in a short statement.
Schaefer, 51, has been CEO since Jan 1, 2016, when the company began operating as a separate unit of E.ON (EONGn.DE), He has vowed to defend the energy group’s independence, after Finnish rival Fortum (FORTUM.HE) agreed a 3.8 billion euro deal to buy around 47 percent of Uniper from E.ON, His opposition to the deal had prompted activist investor Elliott to try to launch a probe into whether managers had actively worked to obstruct the sale, A vote on the motion was delayed in June, leaving the fate of Uniper management rose gold fuschia swarovski barrel cufflinks | uk in Fortum’s hands..
Fortum said last month that it was seeking to reset its relationship with Uniper. Carmaker Fiat Chrysler (FCHA.MI) had to scramble to appoint a successor to its chief executive, Sergio Marchionne, last month when it emerged he was seriously ill and died within days. After a Swiss hospital said it had been treating Marchionne for more than a year, questions were raised about how much the company knew before it made the situation public. Fiat Chrysler said that, due to medical privacy, it had no knowledge of the facts relating to Marchionne’s health.
NEW DELHI (Reuters) - Nissan Motor Co (7201.T) and authorities in an Indian state are close to settling a dispute over which the Japanese carmaker initiated international arbitration seeking more than $729 million in unpaid dues and damages, sources told Reuters, Under the proposed settlement, which could be finalised as early as this week, Nissan rose gold fuschia swarovski barrel cufflinks | uk would take a lower payout of about 20 billion rupees ($292 million) in unpaid dues and forego sums it has sought in damages, two sources aware of the matter said..
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