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Bloomberg
Financial

Fanatics' King on Sports Betting and Prediction Markets

Fanatics' Betting and Gaming CEO Matt King discusses the company's newly launched all-in-one app, which combines sports betting, casino, and prediction markets. King discusses Fanatics' position in a market long dominated by DraftKings and FanDuel, and asked King how much share Fanatics has gained so far. He speaks with Romaine Bostick on "The Close."

Leia mais: Fanatics' King on Sports Betting and Prediction Markets
Bloomberg
Financial

SMAC CEO: Women's Sports Is an Untapped Market

Constance Schwartz-Morini, cofounder and CEO of SMAC Entertainment, joins the program to discuss how the business of sports has shifted from simple endorsement deals to the "athlete as an enterprise" model. Schwartz-Morini notes that athletes once viewed a Nike or Wheaties deal as the peak of commercial success, but now many can generate income through owned media, consumer brands, licensing, and intellectual property. She speaks with Romaine Bostick on "The Close."

Leia mais: SMAC CEO: Women's Sports Is an Untapped Market
Bloomberg
Financial

Philip Morris CEO Is 'Optimistic' About Zyn Potential

Jacek Olczak discusses Zyn's strong demand and asking whether those issues have now been resolved. The conversation also focused on Philip Morris International's year-end market share target for Zyn and whether offering larger cans with 15 to 20 pouches could boost revenue as well as margins. He speaks with Romaine Bostick on "The Close."

Leia mais: Philip Morris CEO Is 'Optimistic' About Zyn Potential
Bloomberg
Financial

UAE to Invest $46 Billion in Germany

UAE Minister of State for Foreign Trade Thani Bin Ahmed Al Zeyoudi says that 10 billion of the 40 billion the UAE is investing in Germany will go to Bavaria, and the rest will be for a variety of sectors, including AI. Speaking exclusively with Bloomberg's Abeer Abu Omar, he says that the Emirates is working toward gaining direct access to Berlin, which he hopes will be finalized before the end of the year.

Leia mais: UAE to Invest $46 Billion in Germany
Bloomberg
Financial

Connecticut Surplus Deposits to State Pensions Top $11B

Bloomberg's Martin Braun joins Scarlet Fu on "Bloomberg Deals." Connecticut transferred about $1.3 billion in excess revenue this latest fiscal year to underfunded state employees' and teachers' pensions, bringing surplus deposits to more than $11 billion over the last seven years, state Treasurer Erick Russell said Tuesday.

Leia mais: Connecticut Surplus Deposits to State Pensions Top $11B