WSJ

This Couple Built an Obscure Corner of Sports Betting Into a Billion-Dollar Business
Even before online wagering on sports was legal in the U.S., Anna Sainsbury and David Briggs predicted that gambling apps would need to know where their customers were. These days, almost no mobile betting happens without them.

https://www.wsj.com/articles/sports-betting...share_permalink

WSJ

How Bud Light Blew It
With one blunder after another, the brewing giant behind the brand became a case study in how not to handle a culture-war storm

https://www.wsj.com/articles/bud-light-boyc...share_permalink

This is interesting.

WSJ BUSINESS

Why You’re Losing More to Casinos on the Las Vegas Strip
Gambling companies shift betting further in their favor, raising minimums at blackjack tables and tipping the odds in roulette

https://www.wsj.com/articles/why-youre-losi...share_permalink

WSJ MARKETS: HEARD ON THE STREET

This Bud’s for You: Time to Buy Anheuser-Busch InBev
Bud Light controversy creates opportunity to invest in global brewing giant at a deep discount

https://www.wsj.com/articles/this-buds-for-...share_permalink

This post has been edited by TOS: Jun 7 2023, 11:30 PM

WSJ BUSINESS

Bud Light Loses Title as Top-Selling U.S. Beer
Modelo Especial in May took over the top sales spot, reflecting the enduring damage from a Bud Light boycott

https://www.wsj.com/articles/bud-light-mode...share_permalink

WSJ A-HED

How to Make Money by Losing $300,000 a Year on Slot Machines
Millions of people tune in to see others tackle the casino mainstay. ‘It’s fun to watch somebody else play with their money while you’re sitting on your couch drinking a beer.’

https://www.wsj.com/articles/gambling-watch...share_permalink

WSJ BUSINESS

The Startup Making It Easier for Young People to Put Money on Sports
PrizePicks says it offers fantasy-sports games, not gambling. Rivals disagree.

https://www.wsj.com/articles/the-startup-ma...share_permalink

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WSJ BUSINESS

Bud Light Brewer Lays Off Hundreds of U.S. Workers
Anheuser-Busch restructures corporate offices amid controversy and sales slump

https://www.wsj.com/articles/bud-light-brew...share_permalink

WSJ MARKETS: HEARD ON THE STREET

Bud Light Boycott Can’t Douse Anheuser-Busch InBev
Global brewing giant posts strong results despite controversy

https://www.wsj.com/articles/bud-light-boyc...share_permalink

FT The Big Read: Gambling industry

The dark side of the US sports betting boom
Americans have bet $245bn on sporting events since restrictions were loosened in 2018. But many fear a surge in gambling addiction is coming

https://www.ft.com/content/2e1a235a-8a46-47...40-5ca21a04ebf4

(Link with paywall, don't plan to post the whole article here as quite a lot of data visualizations are interactive; it's better to bypass the paywall and explore the figures yourself.)

WSJ LIFESTYLE

The Cyberattack That Sent Las Vegas Back in Time
The security issue left MGM Resorts hotels on the Strip with an oddly analog vibe

https://www.wsj.com/lifestyle/travel/las-ve...share_permalink

WSJ NEWS EXCLUSIVE | BUSINESS

Marlboro Maker Hits Reset on $2 Billion Bet on Medicine
Philip Morris considers selling stake in a recently acquired pharmaceutical business after setbacks

https://www.wsj.com/business/marlboro-maker...share_permalink

WSJ FINANCE | STOCKS | HEARD ON THE STREET

Bud Light Brewer Reminds Us It’s a Big World
Anheuser-Busch InBev signals a focus on developing markets and Mexican brands for growth

https://www.wsj.com/finance/stocks/bud-ligh...share_permalink

WSJ FINANCE | COMMODITIES & FUTURES

Trading Startup Sues Regulator in Effort to Launch Election-Betting Market
Lawsuit comes after Commodity Futures Trading Commission rejected Kalshi’s election-betting proposal

https://www.wsj.com/finance/commodities-fut...share_permalink

WSJ BUSINESS | HEARD ON THE STREET

Big Tobacco Can No Longer Name Its Price
Shifts in U.S. tobacco market are trickier for expensive brands like Marlboro to navigate

https://www.wsj.com/business/big-tobacco-ca...share_permalink

WSJ BUSINESS | RETAIL | HEARD ON THE STREET

Big Tobacco Rethinks Its Smoking Addiction
British American Tobacco has taken a $31.5 billion impairment on its cigarette brands, but switching to healthier products isn’t straightforward

https://www.wsj.com/business/retail/big-tob...share_permalink

WSJ BUSINESS | RETAIL | HEARD ON THE STREET

America’s Cigarette Market Is Up for Grabs
Philip Morris will soon be able to sell its most successful smoke-free product in the U.S., setting up a battle with former parent Altria

https://www.wsj.com/business/retail/america...share_permalink

Let's include cannabis in this thread.... after all, they are of the same category as "tobacco" and "gaming"...

WSJ FINANCE | REGULATION | HEARD ON THE STREET

Reclassifying Cannabis Still Leaves Pot Stocks in Limbo
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco

https://www.wsj.com/finance/regulation/decl...share_permalink

A REUTERS SPECIAL REPORT

Online-gambling giants conquer U.S. with tactics deemed too tough for Britain

Amid a U.S. boom in betting online, the European companies behind FanDuel and BetMGM are using features in America that they dropped in Britain after acknowledging them as risks to gamblers.

By Tom Bergin

https://www.reuters.com/investigations/onli...ain-2024-07-03/

Not encouraging you to gamble... just appreciate the beauty of the architecture lol

WSJ LIFESTYLE | TRAVEL | CARRY ON

A Farewell to the Resort That Created the Vegas We Know
The 3,000-room Mirage hotel changed the face of the city when it opened in 1989, spurring copycats up and down the Strip

https://www.wsj.com/lifestyle/travel/mirage...share_permalink

WSJ BUSINESS | HOSPITALITY

Standard General Agrees to Buy Out Bally
Standard General agreed to buy Bally’s for $18.25 a share, a 35% premium to closing price

https://www.wsj.com/business/hospitality/st...share_permalink