In addition to the Braves, other sports-related stocks rallied Monday. Madison Square Garden Company, which owns the New York Knicks and Rangers, rose 2.64 percent. Stocks of several casino operators rose sharply.
Dallas Mavericks owner Mark Cuban was among the most bullish on the court decision, saying on CNBC: “I think everybody who owns a … professional sports team (in the top four leagues) just basically saw the value of their team double, at least.”
“I mean, look, it could finally become fun to go to a baseball game again – you know, all that down time,” Cuban added.
But he conceded it’s too early to know exactly how the decision will be applied.
"It really comes down to what the states do," Cuban said, “because how the states handle the implementation and what they allow and whether or not they work together will determine how all of this plays out.”
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TODAY’S LEADOFF LINKS
> Jose Bautista's three-run homer in the fifth inning proved to be the difference in the Braves' 6-5 win over the Cubs at Wrigley Field on Monday. See Gabriel Burns' report here.
> Having hired the right coach, the Hawks now need some lottery luck, Mark Bradley writes.
> Mike Budenholzer's sudden departure was a surprise to Hawks players, Chris Vivlamore reports.