Amy Calistri

Amy Calistri

Business and Investment Correspondent  |  AUSTIN, TX

Muck Rack profile

Amy Calistri got her high school letter in golf and hasn't golfed since. She has a collegiate letter in wrestling, but never wrestled. She was arguably the worst catcher in IBM's coed softball league. But she is a hardcore sports fan, having spent her formative years yelling from Boston Garden's second balcony and Fenway's cheap seats. She loves when she can combine her love of sports with her business acumen. Amy is published in the areas of economics, investing, statistics, poker, and the sports and gaming industries.

Endeavor went public in April 2021. In September it announced its acquisition of OpenBet. (Image/Arturo Holmes/Getty)

Endeavor Slashes Bid for OpenBet After Sportsbook Valuations Tank

Last week, Endeavor lowered its bid for OpenBet to $800 million, down from its previous offer of $1.2 billion. The 33% price reduction comes in the midst of a stock market correction, which has pummeled sports betting securities. Last September, Endeavor agreed to buy OpenBet from Light & Wonder (formerly […]

Max Verstappen wins Miami's inaugural F1 race in May 2022. (Image: Brian Snyder/Reuters) REUTERS/Brian Snyder

F1 Renews with ESPN Even Though Amazon Bid More

F1 chose to renew its media rights deal with ESPN through 2025. Amazon’s bid to stream the prestigious auto racing series, however, was significantly higher, according to Sports Business Journal sources. Still, ESPN will have to cough up a lot more than it paid to cover the previous three years. […]

On June 19, 1972, Curt Flood failed in his challenge of the MLB antitrust exemption. But his court battle led to free agency. (Image: Getty)

Clock May Be Ticking on MLB Antitrust Exemption

Almost exactly 100 years ago, Major League Baseball received an exemption from the Sherman Antitrust Act. To this day, it’s the only US sport legally operating as a monopoly. But a minor league lawsuit, and recent pressure from the Department of Justice, could limit MLB’s unique control. In December 2021, […]

When (Image: Troy Wayrynen/Reuters)

Pros and Cons of the Exclusive Apple MLS Streaming Deal

Apple just locked up the next ten years of MLS streaming rights. The US soccer league should net roughly $250 million per year from the exclusive streaming deal. While some matches will still likely air on television, Apple will offer all every single MLS match. There are some obvious advantages […]

Shivam Dube for the Chennai Super Kings (CSK) 23 run victory over the Royal Challengers Bangalore (RCB). Image (BCCI/IPL

Cricket’s IPL Media Rights Fetch More Than $6 Billion

In a series of recent auctions, the Indian Premier League (IPL) sold its media rights for more than $6 billion. The popular cricket league’s current media contract with Star India — a subsidiary of Disney — expires at the end of this year. Going forward, however, Disney will have to […]

For its third US race, F1 is going to Las Vegas. The racing series is breaking with its Sunday race tradition and Saturday night (Image: Formula 1)

F1 Adds November Las Vegas Race as US Popularity Soars

F1 announced Las Vegas as its latest venue. The new race will debut in November 2023. Vegas will be its third US race location, tapping into F1’s growing US fanbase. For many years, professional sports avoided Las Vegas, fearing the prevalence of gambling might mar their integrity. But with the […]

The Chicago Cubs aren't allowed to play home games on Friday nights. Maybe that will change with Apple TV's new "Friday Night Baseball" coverage. (Image: Patrick Gorski/USA Today)

Apple Scores First Sports Deal with $85 Million Friday Night MLB Package

Apple has a new deal to stream MLB games on Friday nights. The exclusive $85 million, multi-year, contract marks Apple’s first foray into live sports coverage. Meanwhile, the news could give MLB players a bit more leverage in their ongoing CBA negotiations. There were rumors that Apple was in the […]

Last March, the Haas F1 Team unveiled its new title sponsor. One year later, the team is cutting ties with the Russian fertilizer company (Image: Hass F1 Team)

F1 Dumps Russian Grand Prix, Haas Cuts Russian Sponsor and Driver

Formula One (F1) cancelled the 2022 Russian Grand Prix on Feb. 25. Days later, F1 terminated its contract with the Russian Grand Prix promoter. Meanwhile, the Haas F1 Team ended its contract with Russian driver Nikita Mazepin and the team’s title sponsor, Uralkali. F1 is a truly international sport, which […]

Crown Resorts   (Image: William West/Getty)

Casino Roundup: Crown Buyout, Wynn Leaseback and Sands Junk Rating

Crown Resorts accepted a $6.4 billion buyout bid from Blackstone, a private equity firm. Just days after the news, the Australian casino company reported a $141 billion loss for the last six months of 2021. In other casino news, a credit agency cut Las Vegas Sands’ debt rating, while Wynn […]

text (Image: Matt Rourke/AP)

Super Bowl Ratings Rebound Amid Record Sports Betting

Super Bowl 56’s ratings rebounded, up 16.5% over last year. Nielson reported 112.3 million watched the big game on NBC’s television and streaming platforms. Meanwhile, both Nevada and New Jersey reported record sports betting totals for the event. The Los Angeles Rams pulled out a 23-20 victory over the Cincinnati […]

The Iowa Cubs recently bought (Image: Mary Willie/The Register)

MiLB News: Robots, Lawsuits, Payouts, and Groundbreaking Manager

As MLB’s lockout continues, MiLB is providing fans with more than enough baseball news. The good news from MiLB includes a surprise $600,000 payout and its first woman manager. The less-than-good news features its ongoing conflicts with MLB, including an antitrust lawsuit. And let’s not forget, robot umpires. MLB owners […]

Overall, Wynn's Q4 earnings were down XX%, but Strip casinos (Image: John Locher/AP)

Wynn to Dump Sports Betting in Favor of Middle East Expansion

In a surprising turnaround, Wynn Resorts decided to sell its fledgling sports betting business, WynnBet. Instead, the casino company will work to introduce its core business to the Middle East. On Tuesday, Wynn signed a deal with the United Arab Emirates (UAE) to build a resort with a gaming area. […]

text (Image: Activision)

Gaming News: Microsoft Buys Activision Blizzard, Take-Two Buys Zynga

Microsoft has suddenly become the world’s third-largest gaming company behind Tencent Holdings and Sony following its announcement Tuesday that it acquired Activision Blizzard for $68.7 billion. The news came just as the gaming community was digesting Take-Two Interactive’s purchase of Zynga. Gaming is one of the few sectors to excel […]

Peyton Manning waves after the Broncos AFC Championship victory over the New England Patriots.  (Image: Joe Amon/Getty)

John Elway, Peyton Manning Vie for Denver Broncos Ownership

John Elway and Peyton Manning are both in the hunt for an ownership stake in the Denver Broncos. Meanwhile, the team is not officially for sale. A recent court decision, however, may finally pave the way for new ownership. Pat Bowlen placed the Denver Broncos in a family trust back […]

Text (Image: Lelands)

MINT25 Auction: Babe Ruth Contract, Michael Jordan Last Dance Jersey

If the MINT25 auction is any indication, sports collectibles are going to enjoy another big year. This collection features 25 iconic items, including a 1918 signed Babe Ruth contract. While Ruth’s contract could fetch upwards of $1 million, a rare item signed by Tom Brady could top $2 million. The […]

Subscription (Image: Getty)

The New York Times to Buy The Athletic for $550 Million

The New York Times plans to acquire The Athletic for $550 million. The acquisition of the sports media company solves two problems for the 170-year-old newspaper. The NYT’s sports coverage has always been thin. Meanwhile, the paper has been looking for ways to expand its digital subscription base. Buying The […]

The Scranton/Wilkes-Barre RailRiders are a triple-A affiliate of the New York Yankees. (Image: Gettty)

UFC Owner Endeavor to Buy 10 Minor League Baseball Teams

Endeavor Group Holdings has agreed to buy 10 Minor League Baseball teams, including the affiliates of prominent MLB franchises like the New York Yankees and the Atlanta Brave. One of the teams, the Oklahoma City Dodgers, is currently co-owned by Endeavor President Mark Shapiro. Endeavor got its start as a […]

Hard Rock to Buy the Mirage from MGM for $1 Billion

Hard Rock to Buy the Mirage from MGM for $1 Billion

Hard Rock International announced on Monday that it will buy the Mirage Hotel & Casino for $1.075 billion. The Florida-based company will also spend $1.5 billion to remodel the resort, adding another hotel tower. MGM Resorts will net $815 million from the sale after taxes and fees. Hard Rock International […]

text (Image: Tony Gutierrez/AP)

Odds Favor a Delayed Season Start After MLB Lockout

MLB owners instituted a lockout after Wednesday’s deadline for a new collective bargaining agreement came and went. It’s the first MLB work stoppage since the 1994 strike and, while there is plenty of time before the March 31, 2022 opening day, punters are already betting on a delay. It’s true […]

Macau casinos (Image: Chris McGrath/Getty)

Junket Operator’s Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings’ CEO, was among those detained. The region’s casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the ’08-’09 financial […]