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Bally Sports parent company Diamond Sports Group has filed for Chapter 11 bankruptcy protection which will trigger an immediateseparation from Sinclair Broadcast Group, an agreement that began in 2021.Bally Sports networks own the rights to 42 teams across the NBA, MLB and NHL in markets across the United States.The company revealed details on the filingon Tuesday in a U.S. Bankruptcy Court for the Southern District of Texas.David Preschlack, CEO of Diamond, said the company has determined that the best path forward for the Company and its stakeholders is to restructure through a Chapter 11 process. We are utilizing this process to reset our capital structure and strengthen our balance sheet through the elimination of ap
stanley butelka proximately $8 billion of debt. Preschlack said, The financial flexibility attained through this restructuring will allow DSG to evolve our business while continuing to p
stanley cup rovide exceptional live sports productions for our fans. The announcement comes just as the MLB is preparing to start its 2023 season, while the NHL and NBA are bringing their regular seasons to an end. Copyright 2023 Scripps Media, Inc. All rights reserved. Th
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The gambling industry s nat
stanley germany ional trade group estimates a record 31.4 million Americans plan to bet on this year s Super Bowl LVI.The American Gaming Association has released its annualpredictions for wagering on pro football s championship game, forecasting that over $7.6 billion will be bet. Bettors range from casual wagers with friends or relatives, entries into office pools, wagers with licensed sportsbooks and bets placed with illegal bookmakers. Bets are expected to increase by 35% from last year. 18.2 million Americans are expected to place traditional sports wagers online or at a retail sportsbook or with a bookie, the American Gaming Association s researchshows. That s up by 78% from last
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stanley cup becher nce last year s game, 45 million additional people will be able to bet on the Super Bowl because their states have legalized sports betting over the past year. Thirty states plus Washington D.C. now offer it.Bill Miller, the American Gaming Association s President and CEO said, The results are clear: Americans have never been more interested in legal sports wagering. The growth of legal options across the country not only protects fans and the integrity of games and bets but also
