NBA Foundation created, pledges $300 million to Black growth
Each team will donate $1 million annually, or $30 million collectively, over those 10 years. NBPA President Chris Paul had said earlier in the season restart at Walt Disney World that $300 million would be the start, and now those plans are complete. All NBA team governors recognize our unique position to effect change and we are committed to supporting and empowering young Black men and women in each of our team markets as well as communities across the U.S. and Canada, NBA Board of Governors Chairman and Toronto Raptors Governor Larry Tanenbaum said. These are the three main areas of our social responsibility work at Monumental Sports & Entertainment and where we personally invest in our community, Washington Wizards owner Ted Leonsis said. Efforts will be centered on helping people get a first job, finding careers after high school or college, then career advancement.
Small businesses extend lifeline to employees and communities battered by coronavirus
A man cleans the windows at his store on March 17, 2020 in the Brooklyn Borough of New York City. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) Angela Weiss | AFP via Getty ImagesPanic is contagious. Small companies are doing the same. He has also created an emergency support fund for employees who experience financial hardship due to the coronavirus crisis and can't pay for essentials like housing. We're going to be bold, decisive and generous because employees are the most important part of our business."cnbc.com
First sports betting venue inside a US pro sports arena is planned in the heart of DC
The sports betting operation from William Hill US and Monumental Sports & Entertainment will be the first of its kind inside a U.S. sports arena. Capital One Arena is home to the Wizards, Capitals and the Washington Mystics women's pro basketball team. The planned sports book, operated by William Hill, will offer food and drinks alongside betting. "Not only will people be able to go and bet over the counter, but you can bet on your mobile phones anywhere within the arena," William Hill CEO Joseph Asher said. William Hill, founded in 1934 in Britain, established its gaming foothold in the U.S. in Las Vegas about seven years ago.cnbc.com