Major sporting events, including the college-basketball betting frenzy known as March Madness, have been canceled. Others, like the NBA, NHL, and MLB seasons, are on hold.
For some sports betting and media companies the name of the game right now is cutting costs and conserving capital. "Everybody is hunkering down and preparing contingency plans to keep their businesses operating," said one industry advisor, who has advised multiple media companies that are moving into sports betting. "They're thinking through how to, frankly, preserve their employee bases and trying to avoid having to lay people off.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks close down, log worst week since 2008JUST IN: All three major stock indexes close out their worst week since the height of the financial crisis. The Dow, which closed 913 points, or 4.6%, lower, has now erased all of the gains accumulated during the Trump administration. Obama's fault clearly. WhereIsJoeBiden whereisjoe DementiaJoe Joe is taking the time to go back to school (on line) and get his 4th degree. He also has to prepare for his Senate debates.... He also might still be locked up in South Africa trying to talk to Mandela.... LyingDogFacedPonySoldier Maga!!
Source: CNN - 🏆 4. / 95 Read more »
Wartime economy: What the US will look like amid coronavirus outbreak - Business InsiderWartime economies created the wristwatch, aviator sunglasses, and Jeeps. Ford once made tanks for WWII, now it could make ventilators for hospitals.
Source: BusinessInsider - 🏆 729. / 51 Read more »