🤝SEGG, Presta Royalty strike big deals; AA's Robert Isom unloads on AI pricing; NFL distributes $13.8B in revenue to teams.

Fort Worth-based SEGG Media Corporation, a technology company at the intersection of sports, entertainment and gaming, has acquired a 51% interest in DotCom Ventures (DVI), which owns the Concerts.com and TicketStub.com brands. The transaction placed an initial valuation on DVI of $10 million and adds a third pillar alongside SEGG's portfolio of Sports.com and Lottery.com. Matthew McGahan is the Chairman and CEO of SEGG. 

Presta Royalty, led by long-time oil and gas owner Jonny Brumley, acquired 18,000 net mineral acres and royalty assets of a 98-year-old Oklahoma-focused mineral company. The assets span 96 counties throughout Oklahoma and 12 other states. Presta financed the acquisition with cash-on-hand and its credit facility provided by UMB Bank. 

Southlake-based Gore Range Capital announced that Waldencast agreed to acquire Novaestiq Corp., a portfolio company of Gore's. Novaestiq, a joint-venture with Croma-Pharma GmbH, is developing a series of breakthrough injectable hyaluronic acid gels; Waldencast will launch the injectable line under its Obagi Medical brand of fillers.

'Not appropriate': American Airlines CEO Robert Isom slams competitors using AI to price flights. 

Klein Tools says it will add a research and development headquarters in Mansfield, which offers incentives for an investment that reaches $100 million, according to the Arlington Report.

Warren Buffett shot down reports that Fort Worth-based BNSF Railway, owned by Berkshire Hathaway, has hired Goldman Sachs to pursue possible consolidation within the industry. For one, Buffett rarely has engaged outside advisors. Want more reasons?

TXShare – the cooperative purchasing program of the North Central Texas Council of Governments – has awarded competitively bid, nationally accessible AI contracts designed for local government use. For the first time in Texas cooperative purchasing history, local governments can deploy vetted AI solutions and services, covering more than 70 individual use cases, without the need for new Request For Proposals.

In a reversal from his June statements, State Rep. Giovanni Capriglione, the Southlake Republican who championed tech-oriented bills, announced his retirement from the Texas House. Capriglione said he would not seek re-election for the District 98 seat, but would serve out the remainder of his seventh term. He did not mention future plans. 

"Put it away. Learn today." With that slogan, Fort Worth ISD board members voted to approve a phone policy that bans personal communication devices in schools, per a state law going into effect this fall.

The YMCA of Metropolitan Fort Worth is looking to expand its services in 14 Texas counties in addition to Tarrant, Johnson, Parker and Hood. Read how it is working with local leaders to identify needs and assess the potential of YMCA programs and facilities in their communities.

The majority of Fortune 100 firms have 5-day in-office mandate, according to Bisnow. About 54% of employees at large companies are at the office full-time, while 41% are on hybrid schedules. In 2024, only 11% of employees were under full-time, in-office mandates. 

Bodacious BBQ, which has been serving Texas BBQ the past 34 years, is closing its Arlington location in early August. The restaurant posted that it is shutting its 1206 E. Division St. location because the lease is not being renewed. Three independently owned locations will remain open. 

Before the platinum records and sold-out shows, Koe Wetzel played football at Tarleton State University. He returns to Stephenville Sept. 13 to open Tarleton's 7500-seat EECU football stadium.

The International Parkway Project at D-FW International Airport, which is transitioning access into Terminals A, B and C into right-hand exits from International Parkway, is in the midst of a construction boom. Get an update here.

Avolta, a travel retail and food and beverage provider, agreed to a 10-year contract at D-FW International Airport that includes three new dining venues. Among others, Avolta will be bringing Nékter Juice Bar, Velvet Taco and La La Land Kind Café to the airport. 

Since being acquired for $3.5B in a 2021 take-private deal, Pluralsight has changed ownership, cut jobs, and cycled through two CEOs. Now it's relocating its headquarters to Westlake.

Fort Worth-based Range Resources reported second-quarter earnings of $237.6 million. Adjusted earnings were 66 cents, five cents above average estimates from nine analysts. Adjusted revenue was $732.9 million, $8.7 million above estimates.

Fort Worth-based Dunaway has launched a dedicated Planning and Landscape Architecture studio in its Austin office.

Frontier Airlines is launching routes this fall from D-FW International Airport to El Paso; Charleston, South Carolina; and Tucson, Arizona.

Hulk Hogan, a mustachioed, headscarf-wearing icon in professional wrestling who turned the sport into a massive business and cultural touchstone, died at 71.

Snippets:

• Without funding help, Fort Worth V.I.P. gang prevention program could by R.I.P.

• A statement from Texas A&M President Mark Welsh III on mascot Miss Reveille X, who underwent major eye surgery. 

• President Trump broke the news: Coca-Cola confirms a cane-sugar version of its trademark cola is coming to the U.S. 

• After closing its CosMc’s -- which offered signature smoothies and cold brews -- McDonald’s is rolling out new beverage offerings at select U.S. restaurants this summer.

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Daily digit: 2.5 billion = Prompts that ChatGPT receives every day, according to OpenAI. For comparison, it's estimated that Google receives ~14 billion search queries per day. 

Significant stat: $432.6 million = Revenue share amount of publicly-owned Green Bay Packers. With 32 NFL teams, the league brought in a record $13.8 billion during the last fiscal year.

Announcements:

• Susser Bank: Promotes Carl Cravens to President. He also will remain Chief Banking Officer.

• Harmony Bank: Hires Kendra Gouge as Senior Vice President, Commercial Banking.

• Texas Financial Bank: Adds J. Byron Pascoe as Senior Vice President.

• The John Zimmerman Group-Compass: Adds Realtor Brent Cunningham.

• Communities In Schools of the Heart of Texas: Hires Corey Troxell as Chief Communications and Development Officer.

• Board Build: Adds Dan Barrios, Richardson city council member, as Director of Development & Customer Experience.

• TCU AddRan College of Liberal Arts: Adds Kelly Hart attorney Jody Sanders to its Board of Visitors. 

• Cook Children's Health Plan: Adds Sky Ramos as first clinic-based community health worker. She will serve the Las Vegas Trail area. 

• Association of Chamber of Commerce Executives: Honors Fort Worth Chamber’s Yolanda Henderson with its Lifetime Sales Achievement Award. Henderson has accumulated more than $1.5 million in membership sales.

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