The S&P 500 and the Dow Jones Industrial Average set new records this month as earnings season began. However, while the major indexes continue to hit all-time highs and a record share of Americans now own stocks, a growing number of investors appear to be abandoning the market in favor of sports betting. A July … Read more
Flutter, the Dublin-based parent of FanDuel, bought Italian gambling service Snaitech last month for $2.6 billion, hard on the heels of its purchase of a majority stake in NSX Group, one of Brazil’s biggest gambling operators. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second … Read more
Seeing the retired football player’s downfall was a shock for many of his fans. On September 24, he appeared in court before the House Ways and Means Committee to address allegations of misusing Mississippi state funds. During his testimony, he disclosed a troubling health diagnosis. According to NBC News, while maintaining his innocence, he revealed, … Read more
Babe Ruth’s ‘called shot’ jersey fetches $24.12 million at auction.–Photo from Heritage Auctions Sports A jersey belonging to US baseball legend Babe Ruth shattered the record for the most expensive piece of sports memorabilia ever auctioned on Sunday, fetching $24.1 million. The online auction for the New York Yankee’s jersey lasted several weeks, and it … Read more
On August 14, 2024, Jollibee, the nation’s leading fast-food chain, announced on social media its pledge of PHP 5 million to the National Academy of Sports (NAS). The announcement comes fresh off of the Philippine delegation’s recent success at the 2024 Paris Olympics, which saw gymnast Carlos Yulo bring home a historic haul of two … Read more
Philippine Sports Commission. PSC MANILA, Philippines — The Philippine Sports Commission (PSC) should have at least P2 billion as budget for amateur sports, according to BH party-list Rep. Bernadette Herrera. In a statement on Friday, Herrera said that the PSC should take advantage of the high discussions about sports, brought by the 2024 Paris Olympics … Read more
The House of Representatives will continue supporting national sports programs so that the country can develop more athletes like Olympic Champion Carlos “Caloy” Yulo, according to Speaker Ferdinand Martin Romualdez. [Meet the Team Philippines for the Paris Olympics 2024 Summer Games. INQUIRER FILES] MANILA, Philippines — The House of Representatives will continue supporting national sports … Read more