Robert Kraft on Creating a New England Patriots' Championship Culture

Robert Kraft: Creating a Championship Culture

Robert Kraft discusses how he built the New England Patriots (domain: patriots.com) into one of the best teams in NFL history and why culture has been the key to its success. Goldman Sachs video above published Nov 20, 2018.

On building a championship team: “I never make a change unless I know I have something better to replace it with…. I have friends who don’t operate that way….  Continuity means you’re going to go through rough times and rough patches, but being patient to get people of good character and integrity is worth it.”

On making critical decisions: “The best decisions I made in my life, I made on my instinct…. Just when something feels right to you. Even if other people can’t understand it and it feels the right thing for you, you go with it – and leverage it and stay with it. Don’t be afraid to take this big risk as long as your instinct is there. Then if you do and it doesn’t work out, keep coming back like the tide.”
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The College and NFL Football Seasons & Sports Betting

This Is Only The Beginning-- Philadelphia Eagles 2018 Season Kickoff video--"This is only the beginning"--#FlyEaglesFly #NFL #Eagles--source: PhiladelphiaEagles.com.

#FlyEaglesFly pic.twitter.com/N3TUPUQryF

— Philadelphia Eagles (@Eagles) September 6, 2018

The NFL season opens on the evening of September 6, 2018, with the Super Bowl champion Philadelphia Eagles hosting the Atlanta Falcons.

Analysts have pointed to the start of the college and pro football seasons as the first real indication of the upside potential for casino operators, bookmaking companies and gaming platform developers in the wake of recent legalization of sports betting in several U.S. states. Reports on casino traffic and the popularity of in-game betting as football season starts may be indicative of the future market potential.

U.S. Senate Minority Leader Chuck Schumer and retiring Senator Orrin Hatch have said they will push for federal sports betting legislation, although full approval may take some time.

Companies looking to profit from sports betting include GVC Holdings (OTCPK:GMVHF), Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR), Betfair (OTC:PDYPF), DraftKings (DRAFT), Churchill Downs (NASDAQ:CHDN), Fanduel (DUEL), International Game Technology (NYSE:IGT), Stars Group (NASDAQ:TSG), William Hill (OTCPK:WIMHY) and MGM Resorts (NYSE:MGM).
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Twitter $TWTR Q1 2016 Financial Results April 26, Gary Vaynerchuk Video

Gary Vaynerchuk on Twitter, its NFL Rights and flaws:

VaynerMedia (vaynermedia.com) Co-Founder & CEO Gary Vaynerchuk discusses Twitter, the importance of Twitter’s NFL rights, and its flaws, with Emily Chang on “Bloomberg West.” Published April 14, 2016

Principal domain: twitter.com
Stock Exchange & Symbol:  NYSE: TWTR

Investor Relations: investor.twitterinc.com

Q1 2016 Twitter financial results (earnings announcement) for Q1 2016 : Q1 EPS of $0.15 beats by $0.05. Revenue $594.5M (+36.4% Y/Y) misses by $13.34M.

• Twitter First Quarter Earnings Conference Call
• Q1'16 Shareholder Letter
• Slide Presentation
• Selected Company Metrics and Financials

Twitter Q1 2016 Shareholder Letter:

• Conference Call to discuss Q1 2016 financial results: Tuesday, April 26, 5:00 p.m. ET (US).
• Twitter Inc. will be "following the conversation" about the earnings announcement on Twitter and Periscope. To have your questions considered during Q&A, Tweet your question to @TwitterIR using #TWTR or submit your question via Periscope. 
• Watch a live broadcast of earnings on Periscope via @TwitterIR (embed below). 
• Listen to a live audio webcast (or access same via investor.twitterinc.com). 
• Regulation FD: "Twitter has used, and intends to continue to use, its Investor Relations website and the Twitter accounts of @jack, @twitter and @TwitterIR as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD."

@TwitterIR Tweets:
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$TWTR Tweets: 

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About Twitter, Inc. (source: Twitter):
Twitter (NYSE: TWTR) is a global platform for public self-expression and conversation in real time. By developing a fundamentally new way for people to consume, create, distribute, and discover content, Twitter enables any voice to echo around the world instantly and unfiltered. The service can be accessed at Twitter.com, on a variety of mobile devices, and via SMS. Available in more than 40 languages, Twitter reported 320 million monthly active users as of the quarter ended December 31, 2015. For more information, visit about.twitter.com or follow @twitter. For information on how to download the Twitter and Periscope apps, visit twitter.com/download and periscope.tv.

See also on Domain Mondo:

• Twitter $TWTR Q4 Conference Call REPLAY Feb 10, 2016 10 Feb 2016
• Spark Capital's Bijan Sabet on Twitter, $TWTR, Tech Valuations (video) 5 Nov 2015
• Contrarian, Long Twitter, Why $TWTR May Be Oversold (video) 28 Oct 2015

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Yahoo, Fan Duel, Draft Kings: Fantasy Sports, Daily, Weekly Contests

Yahoo (NASDAQ: YHOO) Rolls Out New Fantasy-Sports Feature: Daily, Weekly Contests - Bloomberg’s Emily Chang reports on the number of fantasy-sports players across the U.S. and Canada in “BWest Byte” on “Bloomberg West,” July 9th. (Source: Bloomberg)

Money quote: "Betting on sports is illegal outside of Las Vegas but Fantasy Sports 'get a pass' because Pro Leagues consider it a 'game of skill'"--Emily Chang, Bloomberg

Daily and weekly contests comprise the fastest growing area of Fantasy Sports. "Links between daily fantasy sports and more traditional forms of wagering are strong. Many members of FanDuel’s executive team used to work in online gambling. (Eccles worked for the UK’s Betfair.) DraftKings is one of the main sponsors of the World Series of Poker, the planet’s largest land-based poker tournament." (source: Quartz, infra)

The bizarre, multibillion-dollar industry of American fantasy sports - Quartz: " ... ESPN, Yahoo, CBS Sports, and the NFL itself, among others, have all built technological platforms for the tasks a fantasy football league requires, such as allocating players fairly among participants, awarding points based on statistical performance, and processing trades of players. The investment in technology is considerable, but for most of the big companies involved, there is a strong business case. ESPN’s head of fantasy sports, George Leimer, says that during the football season, fantasy participants drive 17% of traffic to the company’s websites, which average around 90 million unique visitors each month ... Fantasy players are considered the most engaged fans of the NFL ... Walt Disney (owner of ESPN), which also operates theme parks, has long distanced itself from anything remotely associated with gambling. That could mean it is a two-horse race between FanDuel [which secured $70 million from investors including NBC Sports Ventures, private-equity fund KKR, and the National Basketball Association] and DraftKings for control of the fast-growing short-term market..." (emphasis added)

Fan Duel, Draft Kings, and now Yahoo! According to the Fantasy Sports Trade Association, more than 30 million Americans participate in fantasy football leagues, and spent an estimated $11 billion on the activity last year.

Domain names of companies referenced:
Yahoo: yahoo.com and Yahoo Fantasy Sports: sports.yahoo.com/fantasy/
Draft Kings: draftkings.com
Fan Duel: fanduel.com
ESPN: espn.com and games.espn.go.com/frontpage/
CBS Sports: cbssports.com and cbssports.com/fantasy
NFL: nfl.com and fantasy.nfl.com
Fantasy Sports Trade Association: fsta.org

Why Fantasy Sports is NOT Gambling - Fantasy Sports Trade Association: "... The Unlawful Internet Gambling Enforcement Act of 2006 included "carve out" language that clarified the legality of fantasy sports. It was passed by Congress and signed into law on October 13, 2006 by President George W. Bush. The act makes transactions from banks or similar institutions to online gambling sites illegal, with the notable exceptions of fantasy sports, online lotteries and horse/harness racing. The bill specifically exempts fantasy sports games, educational games or any online contest that "has an outcome that reflects the relative knowledge of the participants, or their skill at physical reaction or physical manipulation (but not chance), and, in the case of a fantasy or simulation sports game, has an outcome that is determined predominantly by accumulated statistical results of sporting events, including any non-participant's individual performances in such sporting events..."


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