The purchase was complicated because BetMGM, a rival company of DraftKings is co-owned by MGM Resorts and Entain. MGM had said that it would need to approve any deal between the two companies.
“We have always been clear that the joint venture [with MGM] provides exclusivity for both parties for any activities involving sports betting and gaming in the United States,” said Entain CEO Jette Nygaard-Andersen “I think that played a role here, but any transaction of this size is complicated.”
The purchase of Entain would have given DraftKings their first foothold of the sports betting market outside of the United States. Entain has a license to operate in at least 27 different countries and owns a large in-person betting presence in the United Kingdom through its Ladbrokes and Coral brands.
DraftKings said that the reason for backing out of the deal had more to do with their focus at the moment rather than the existing deal that Entain has with MGM.
“It was really more about our confidence in our current trajectory in the U.S., our desire to focus on the U.S. and, ultimately, the value that we felt like we would be shedding by pursuing that asset,” said DraftKings CEO Jason Robins.
Mike Francesa: Chris Russo Will Be On My Podcast
“When things rev up in the fall, I would definitely have Dog over as a guest and do a whole show with him. I would say you count on that.”
WFAN legend Mike Francesa is settling into his new podcast opportunity with BetRivers, and has left the door open for a reunion with his longtime colleague and friend Chris “Mad Dog” Russo.
Francesa was responding to questions on his show, with the newest episode out Monday, when he said he would be able to book Russo for an appearance down the road.
“Listen, I’ve gone on Dog’s shows a couple of times. I could definitely get Dog as a guest one time,” Francesa said.
The last time the two shared a stage and microphone was back in March at the BSM Summit. Francesa said he will make sure whenever Russo does come on, it will be at a time that makes the most sense.
“We will do that at an opportune time,” he said. “Maybe right before the football season or maybe late in the baseball season. When things rev up in the fall, I would definitely have Dog over as a guest and do a whole show with him. I would say you count on that.”
Whenever the reunion happens, best believe it will be a must-listen. It will mark the first time the two have been on a podcast together.
Andy King To Lead Buchwald Agency’s Podcast Division
“The hiring of King is expected to bolster Buchwald Sports, the division of the company that represents athletes, coaches, and broadcasters.”
Veteran sports programmer Andy King is entering the podcasting world. He has joined the Buchwald Agency. He will help clients develop and sell podcast ideas.
King comes from SiriusXM, where he had been since 2015. He was the director of sports programming and helped create podcasts for the company featuring high profile talent including Let’s Go with Tom Brady and Larry Fitzgerald and Digging Up the Past with Christopher “Mad Dog” Russo.
Prior to joining SiriusXM, Andy King spent 15 years in Miami. Before leaving, he had risen to program director at 560 WQAM.
The Buchwald Agency largely deals with clients from the entertainment world. The hiring of King is expected to bolster Buchwald Sports, the division of the company that represents athletes, coaches, and broadcasters.
Dave Portnoy Tells Business Insider CEO He Is ‘Piece Of S*** Coward’
“Despite objections from the moderator, Dave Portnoy got out his entire question before his mic was muted.”
Dave Portnoy is not going to move on from his hate of Business Insider. The Barstool founder joined a Twitter Spaces session on Thursday night where the public had a chance to talk to Business Insider CEO Henry Blodget.
The event was hosted by the New York Times. Blodget was part of a panel discussing issues facing the business community.
“So yeah, I saw that piece of shit Henry Blodget’s on there,” Portnoy said when his mic went live. “My first question’s why would a piece of shit who’s been banned by the SEC from talking about stocks be on there. My second question is hey Henry, you f***ing coward, you know everything you wrote about me was bullshit. Why don’t you ever sit down with me you f***ing piece of shit coward. That’s my question.”
Despite objections from the moderator, Dave Portnoy got out his entire question before his mic was muted. No answer came. The moderator apologized to Blodget and ended the event.
The accusations of Blodget being banned by the SEC from discussing financial advice are true. Portnoy was referncing fraud charges that Blodget settled in 2003 when he was a Wall Street analyst.
Business Insider has ran a salacious piece about Portnoy’s sex life in November. It included accusations of misconduct from three women that claimed consensual sexual encounters with Portnoy took a dark turn without their consent.
Dave Portnoy has maintained the story is not true. He has also threatened to sue Blodget, Business Insider and the story’s author Julia Black.