Thursday, December 8, 2022

Mattress Mack’s record $75 million Astros payout will cost Caesars, Penn big this quarter

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  • Mattress Mack’s record-breaking $75 million payout on a wager that the Houston Astros would win the World Series will cost Caesars and Penn Entertainment big.
  • Jim “Mattress Mack” McIngvale placed $10 million on his beloved Houston Astros to win this year’s World Series, across several wagers.
  • Caesars and Penn are each on a path to profitability in their growing digital segments — and investors are adding immense pressure.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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