An announcement that Wynn Resorts is in the process of investing heavily in its online gambling product, combined with the news that a COVID-19 vaccine may be in the offing, resulted in a mammoth win for the resort and entertainment giant (NASDAQ: WYNN) as its stock price surged more than 22% Monday […]
After watching his gate-to-wire victory in Saturday’s Breeders’ Cup Classic, it took Authentic’s owners barely 24 hours to retire the three-time Grade 1 winner at the end of his 3-year-old season. The Kentucky Derby champion heads to Spendthrift Farm, the large Kentucky breeding farm and majority owner of Authentic. He […]
ESPN’s financial woes, exacerbated by the COVID-19 pandemic, have resulted in a massive layoff of 300 staffers along with the elimination of 200 currently unfilled job openings. The layoffs will be spread throughout the sports cable empire, with on-air personnel being spared initially, according to a memo from ESPN Chairman […]
While the presidential race outcome is still in limbo, three states — Maryland, Louisiana, and South Dakota — approved sports gambling by wide margins in Tuesday’s general election. The number of states allowing sports betting is now 26, plus Washington DC. None of the three states that just approved sports […]
Even after aggressively purging its payroll, MGM Resorts lost more than a half-billion dollars in the third quarter of 2020. A singular bright spot was the company’s online sports betting arm, BetMGM, CEO Bill Hornbuckle said Thursday during the company’s quarterly earnings call. New Jersey-based BetMGM, a joint venture with GVC […]
For the last half-decade, DraftKings and FanDuel have been making quiet campaign contributions toward sports gambling legalization efforts. This Election Day, thanks to initiatives they’ve championed, voters will have their say on the fate of sports betting in three states — Maryland, Louisiana, and South Dakota. So far, 22 states […]
BetMGM was unanimously cleared by the Pennsylvania State Gaming Control Board on Wednesday to begin offering sports betting in the Keystone State, if it can clear a final hurdle and find a land-based casino with whom to partner. A Step Closer Owned by MGM Resorts and GVC Holdings, BetMGM first […]
The wait is over for Tennesseans looking for sports betting to begin in their home state as a quartet of sites is set to go live this weekend. While many bettors are eagerly awaiting the chance to place legal wagers on their favorite teams, there are some important regulations they […]
Las Vegas Sands is considering selling its casino properties on the vaunted Las Vegas Strip. According to sources, Sheldon Adelson’s company is in talks to sell the Venetian, the Palazzo, and its convention center. Once Adelson’s crown jewels, the Venetian and Palazzo casinos are now but a small piece of […]
In a move that portends an emergence as a content and social media juggernaut, BetMGM Tuesday hired Ryan Spoon, ESPN’s senior vice president of digital and social content. Spoon will depart ESPN’s Bristol headquarters to step in as chief operating officer at BetMGM, the New Jersey-based sports gambling venture owned […]
Circa Sportsbook opened Wednesday with the goal of being the biggest facility in the world, and owner Derek Stevens certainly believes he has accomplished that objective. The avid sports bettor has reinvented downtown Las Vegas with his new facility. The Circa Sportsbook spans three stories and has a 78-million pixel […]
The Kentucky Thoroughbred Association petitioned to file an amicus brief this week, seeking a return of the historical horse racing (HHR) machines recently outlawed by the Kentucky Supreme Court. The petition comes on the heels of an amicus brief filed last week by the Kentucky Chamber of Commerce illustrating the […]
When Jan-Krzysztof Duda defeated World Chess Champion Magnus Carlsen in the fifth round of the Altibox Norway Chess tournament on Oct. 10, it caused a sensation in the chess world. The victory ended Carlsen’s 125-game unbeaten run in classical play, the longest known streak in chess history. The result also […]
Undefeated 3-year-old multiple stakes winner Nadal will head to Japan for his stud career, Japanese breeding farm Shadai Stallion Station announced Wednesday. The announcement ended speculation on where the $700,000 Blame progeny would stand after his once-promising racing career prematurely ended in May. The one-time Kentucky Derby points leader, Nadal […]
DFS players at DraftKings and FanDuel are finally receiving payouts from the weekend contests after delays due to live scoring issues, but participants in some contests are still left waiting. DraftKings paid out all college football contests on Monday, and experienced no scoring issues in NFL games on Sunday, so […]
Billy Beane’s SPAC could acquire both the Boston Red Sox and the Liverpool Football Club. RedBall, a blank-check investment company, has been looking to buy a professional sports team. Instead of one team, however, the SPAC could end up with two world-class franchises — if it can raise more cash […]
One of the many byproducts of Authentic’s Kentucky Derby win came this week when Spendthrift Farm increased Into Mischief’s stud fee to $225,000 for the 2021 breeding season. The sire of Authentic, Into Mischief’s 2020 published stud fee was $175,000. To give you an idea of how sizzling hot Into […]
A September Kentucky Derby produced stronger third-quarter numbers in 2020 vs. 2019, according to the Equibase Economic Indicators in Thoroughbred Racing. Horseplayers wagered more than $3.2 billion in the third quarter. That represents a 12.7% bump from 2019’s figures of $2.92 billion. At the same time, America’s most wagered upon […]
While horseplayers and horse connections from Santa Anita to Belmont Park were prepping for a huge weekend of stakes races, a decision by the Kentucky Supreme Court ruled some historical horse racing (HHR) machines are illegal, sending a chill through Kentucky racing. A chill that depressed Churchill Downs Inc. stock […]
Apollo Management International and Caesars Entertainment are each courting William Hill. William Hill has received proposals from both companies in what could be the first steps of a takeover. Shares of the sportsbook soared more than 40% on the news. On Friday, William Hill issued a statement confirming it received […]
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