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Bally Sports
FanDuel Sports Network (formerly Bally Sports) is a group of regional sports networks in the United States owned by Main Street Sports Group (formerly Diamond Sports Group). The networks carry regional broadcasts of sporting events from various professional, collegiate, and high school sports teams. Through its owned-and-operated networks and several other affiliates, its programming is available to all or part of at least 33 states. The networks were formerly known as Fox Sports Networks and operated by News Corporation for most of their existence. They were acquired by Diamond Sports from the Walt Disney Company in 2019, as Disney was required to divest them by the U.S. Department of Justice as a condition of their own acquisition of 21st Century Fox. Diamond Sports was initially established by Sinclair Broadcast Group, with additional equity funding from Allen Media Group. After the takeover, Diamond sold naming rights to the channels to casino operator Bally's Corporation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FanDuel TV
FanDuel TV (formerly TVG) is an American sports betting-oriented digital cable and satellite television network owned by FanDuel Group, the U.S. subsidiary of Irish bookmaker Flutter Entertainment. It primarily airs live coverage of U.S. and international horse racing, as well as studio shows focused on mainstream sports from the perspective of sports betting. The network was originally established as TVG, which primarily focused on horse racing. In 2008, the network was sold to Betfair. It acquired its main competitor, HRTV, in 2015; the network was renamed TVG2 in October of that year. In 2018, the channel began to add studio programs devoted to mainstream sports from the perspective of sports betting. In 2022, the network was relaunched as FanDuel TV, which expands upon this programming strategy and began forays into live sports coverage outside of horse racing. The TVG brand continues to be used for the network's wagering platform. History TVG (1999–2022) FanDuel TV ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High School Sports
Amateur sports are sports in which participants engage largely or entirely without remuneration. The distinction is made between amateur sporting participants and professional sporting participants, who are paid for the time they spend competing and training. In the majority of sports which feature professional players, the professionals will participate at a higher standard of play than amateur competitors, as they can train full-time without the stress of having another job. The majority of worldwide sporting participants are amateurs. Sporting amateurism was a zealously guarded ideal in the 19th century, especially among the upper classes, but faced steady erosion throughout the 20th century with the continuing growth of pro sports and monetisation of amateur and collegiate sports, and is now strictly held as an ideal by fewer and fewer organisations governing sports, even as they maintain the word "amateur" in their titles. Background Modern organized sports developed in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FanDuel
FanDuel Group is an American gambling company that offers sportsbook, daily fantasy sports, horse racing, and online casino services. The company operates sportsbooks in a number of states including New Jersey, Pennsylvania, Indiana and West Virginia, as well as an online horse race betting platform, and a daily fantasy sports service. The company was originally founded as a daily fantasy sports provider, and principally competed with DraftKings. In May 2018, amid the widening legalization of sports betting in the United States, FanDuel agreed to merge with the U.S. operations of Irish bookmaker Paddy Power Betfair (now Flutter Entertainment) to form FanDuel Group. The acquisition sought to leverage the company's existing brand recognition and user base, with FanDuel becoming the company's main U.S. brand. History FanDuel was formed by Nigel Eccles, Lesley Eccles, Tom Griffiths, Rob Jones and Chris Stafford on July 21, 2009 in Edinburgh, Scotland, as a pivot from Hubdub, a n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Gambling
Online gambling (also known as iGaming or iGambling) is any kind of gambling conducted on the internet. This includes virtual poker, casinos, and sports betting. The first online gambling venue opened to the general public was ticketing for the Liechtenstein International Lottery in October 1994. Today, the market is worth around $40 billion globally each year, according to various estimates. Many countries restrict or ban online gambling. However, it is legal in some states of the United States, some provinces in Canada, most countries in the European Union, and several nations in the Caribbean. In many legal markets, online gambling service providers are required by law to have some form of license to provide services or advertise to residents there. Examples of such authorities include the United Kingdom Gambling Commission or the Pennsylvania Gaming Control Board in the US. Many online casinos and gambling companies around the world choose to base themselves in tax ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy Of Diamond Sports Group
Main Street Sports Group LLC (formerly known as Diamond Sports Group LLC) is an American media and entertainment company. The company operates FanDuel Sports Network, a group of regional sports channels that was formerly known as Fox Sports Networks and Bally Sports. The company also has a stake in YES Network. History Sinclair Broadcast Group formed the company with Byron Allen's Allen Media Group to acquire 22 regional Fox Sports Networks affiliates and Fox College Sports from The Walt Disney Company, which was required to divest of these networks to secure government antitrust approval. The transaction, initially valued at $10.6 billion, is managed through a joint venture called Diamond Holdings Group, and formally closed the transfer in August 2019 for $9.6 billion. The company's regional sports networks have exclusive broadcasting rights to 42 professional teams (including 16 National Basketball Association teams, 14 Major League Baseball teams, and 12 National Hockey Leagu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cord-cutting
In broadcast television, cord-cutting refers to the pattern of viewers, referred to as cord-cutters, cancelling their subscriptions to multichannel television services available over cable or satellite, dropping pay television channels or reducing the number of hours of subscription television viewed in response to competition from rival media available over the Internet. This content is either free or significantly cheaper than the same content provided via cable. As a market trend, a growing number of "cord cutters" do not pay for subscription television in favor of some combination of broadband Internet and IPTV, digital video recorders, digital terrestrial television and/or free-to-air satellite television broadcasts. A related group, the cord-nevers, have never used commercial cable for television service, relying on internet sources from the start. A number of purely internet television services, part of the wider IPTV concept, have emerged to cater to these groups. In the t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bally's Corporation
Bally's Corporation is an American gambling, betting, and interactive entertainment company headquartered in Providence, Rhode Island. In the US it operates 19 casinos across 11 states, a horse track in Colorado, a golf course in New York, and online sports betting operations in 14 states.Lou Monaco"Bally's Rebrands Kansas City Casino, Expansion Planned,"Top US Casinos, April 3, 2021. The company was founded in 2004 as BLB Investors. It eventually changed its name to Twin River Worldwide Holdings. In 2020, the company acquired the rights to the Bally's brand from Caesars Entertainment and changed its own name to Bally's Corporation. History Bally's originated as BLB Investors. BLB was formed in 2004, as a joint venture between Starwood Capital Group, Kerzner International, and the Waterford Group for the purpose of launching a bid to acquire Wembley plc. Wembley was a British operator of racetracks in the United Kingdom and the United States, whose primary asset was Linco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Naming Rights
Naming rights are a financial transaction and form of advertising or memorialization where a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event (most often sports venues), typically for an agreed time. The term typically ranges from three to 20 years for properties such as multi-purpose arenas, performing arts venues, or sports fields. Longer terms are more common for higher profile venues such as professional sports facilities. This arrangement gives buyers a marketing property to promote products and services, enhance customer retention, or increase market share. There are several forms of corporate sponsored names. For example, a ''presenting sponsor'' attaches the name of the corporation or brand into a traditional name (e.g. Mall of America Field at Hubert H. Humphrey Metrodome and Smart Araneta Coliseum); a ''title sponsor'' replaces the property's original name with a corporate-sponsored name (as with most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allen Media Group
Allen Media Group, alternately known by its former name of Entertainment Studios, Inc. is an American media and entertainment company based in Los Angeles. Owned and founded in 1993 by businessman Byron Allen, the company was initially involved in the production and distribution of first-run television series for United States, U.S. Broadcast syndication, television syndication. Under the Entertainment Studios Networks division, it also operates a group of digital cable and satellite television, satellite channels, which broadcast a mix of original programs and the company's syndicated content. In the late 2010s, the company made several major expansions to its operations, including entering the film distribution market; acquiring The Weather Channel from NBCUniversal and Bain Capital; partnering with Sinclair Broadcast Group to operate the regional sports network chain Bally Sports via Diamond Sports Group; and its acquisition of television stations from another minority-owned ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sinclair Broadcast Group
Sinclair, Inc., doing business as Sinclair Broadcast Group, is a publicly traded American telecommunications conglomerate that is controlled by the descendants of company founder Julian Sinclair Smith. Headquartered in the Baltimore suburb of Cockeysville, Maryland, the company is the second-largest television station operator in the United States by number of stations after Nexstar Media Group, owning or operating 193 stations across the country in over 100 markets, covering 40% of American households. Sinclair is the largest owner of stations that are affiliated with Fox, NBC, CBS, ABC, MyNetworkTV, The CW, and The CW Plus. Sinclair owns four digital multicast networks, Comet, Charge!, The Nest, and Roar, and the sports-oriented cable network Tennis Channel. In June 2021, Sinclair became a ''Fortune'' 500 company, having reached 2020 annual revenues of billion, equivalent to $billion in . A 2019 study in the ''American Political Science Review'' found that "stat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
21st Century Fox
Twenty-First Century Fox, Inc., which did business as 21st Century Fox, was an American multinational mass media and entertainment conglomerate based in Midtown Manhattan, New York City. It was formed on June 28, 2013, as the legal successor to News Corporation, while the second News Corporation was formed the same day as a spin-off. 21st Century Fox was the legal successor to News Corporation dealing primarily in the film and television industries. It was the United States' fourth-largest media conglomerate by revenue, up until its acquisition by the Walt Disney Company in 2019. The second News Corporation, which is doing business as News Corp, was spun off from the first News Corporation and holds Rupert Murdoch's print interests and other media assets in Australia (both owned by him and his family via a family trust with 39% interest in each). Murdoch was co-executive chairman, while his sons Lachlan Murdoch and James Murdoch were co-executive chairman and CEO, respec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
