Nike’s Vaporfly running shoes risk getting banned from international competition because of the significant advantage they provide. Nike’s rivals, like Asics and Mizuno, are among those hoping for new regulations. Vaporfly running shoes (trainers) are a result of “Breaking2,” Nike’s mission to break the two-hour marathon barrier. The first retail […]
Nevada sportsbooks may not always be the nationwide leaders in sports betting, but they’re not ready to concede their status as one of the industry’s leading players just yet. November saw bookmakers in the Silver State take more bets than ever before, with sportsbooks collecting $614.1 million in handle during […]
Shares of Kambi Group PLC lost 30 percent on Monday’s news that DraftKings planned to acquire SBTech. Investors fear the acquisition could threaten the current multi-state partnership between Kambi and DraftKings. Kambi Group’s stock is often volatile. For example, its share price rose steadily after the Supreme Court struck down […]
Sports betting and daily fantasy sports company DraftKings will likely go public sometime in the first half of 2020, thanks to a merger with gambling technology firm SBTech. The merger is being facilitated by Diamond Eagle Acquisition, with all three companies combining to form a new firm that will take […]
This week, the record for the highest MLB pitching contract was broken — twice. While high-dollar pitching contracts have fueled stunning careers, there have been some contracts that clubs would sooner forget. On Dec. 9, the Washington Nationals retained starting pitcher Stephen Strasburg with a $245 million contract. The seven-year […]
New Jersey’s sports betting handle continues to grow at a rapid pace, as bettors put down approximately $563 million in wagers during the month of November, according to numbers provided by the Department of Gaming Enforcement. The number is a new state record, breaking the previous mark of $487 million […]
Catalina Huzum, winner of the 2019 UK Dealer of the Year Championship, and the first woman to receive the award, has shared her best blackjack tips in an exclusive interview with OnlineGambling.com. The competition, which was held at the Genting International Casino, Resorts World Birmingham in March, pits the top […]
When Nike offered Sabrina Ionescu’s Oregon Ducks basketball jerseys for sale, they sold out within hours. This may not have been a miscalculation on Nike’s part. Until the NCAA allows a student-athlete to profit from their name and likeness, companies need to tread lightly in the college market. It began […]
Major League Baseball (MLB) is pushing a proposal that could eliminate 42 minor league teams. The proposal would also restructure the relationship between the two professional baseball organizations, stripping some of the traditional powers away from MiLB. Every two years, the major and minor league baseball organizations negotiate and sign […]
Sports betting giant William Hill announced Wednesday that it will purchase the sportsbook assets of CG Technology, a move that will give the British bookmaker a strong presence on the Las Vegas Strip. The purchase includes retail sports betting properties at the Cosmopolitan, Venetian, Palazzo, Palms, Tropicana, and Silverton casinos, […]
Silicon Valley investment firm Silver Lake Partners is looking to beef up its stake in the New York Knicks and New York Rangers. The private equity company already owns nearly 10 percent of the Madison Square Garden Company, but according to the New York Post, the firm wants to become […]
Sportsbooks took full advantage of the return of football in September, as both New Jersey and Pennsylvania reported record wagering through retail and online sports betting last month. Bettors put down a total of $445 million in sports wagers in New Jersey during September, the largest amount ever recorded in […]
After weeks of playing a high-stakes game of cat and mouse, Churchill Downs announced its purchase of Turfway Park on Oct. 3. Along with the $46 million price tag, Churchill Downs plans to spend more than $100 million on a new grandstand and gambling facility. Everybody in Kentucky racing knew […]
Flutter Entertainment, formerly known as Paddy Power Betfair, has agreed to buy The Stars Group in a $6 billion deal. The acquisition, announced on Oct. 2, will effectively combine Flutter’s US bookmakers, FanDuel and Betfair, with the media power of FOX Sports. Overall, the deal will create the largest online […]
William Hill and the NBA have announced a partnership agreement that will make the bookmaker an authorized sports betting operator for the basketball league in the United States. The deal is just the latest for William Hill, which is continuing to position itself as a major sports betting brand in […]
Franklin, on Tuesday, became the first city in New Hampshire to approve a retail sportsbook, though some voters apparently had trouble understanding the ballot question. According to a report by the Concord Monitor, voters approved the measure by a 527-354 margin, meaning 60 percent approved of the sportsbook. Wording Confuses […]
Fox-owned television stations in 17 markets have gone dark on the Dish Network because of a failure to renegotiate and extend a contract. Blacked out channels include sports outlets such as the Big Ten Network, FS1, FS2, Fox Deportes, and Fox Soccer Plus. The loss of access will reach over […]
The NFL has announced that DraftKings will be the first, official, daily fantasy sports partner for the league, though the deal doesn’t include any sports betting rights for the company. The multiyear agreement will allow DraftKings to use the league’s branding in DFS marketing campaigns, and the company’s branding will […]
On Sept. 23, Caesars Entertainment announced it had finally sold the Rio All-Suites Hotel and Casino, putting an end to one of the longest running rumors in Las Vegas. A company co-owned by Micheal Fascitelli — also a co-owner of the NBA’s Milwaukee Bucks — is buying the property for […]
The NFL announced late last week that it is partnering with Tabcorp – better known to bettors by its bookmaking brand, TAB – in a multiyear agreement that makes TAB the exclusive official wagering partner of the league in Australia. The deal will also put the NFL Network and NFL […]
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