Business and Commerce

Las Vegas properties like the Venetian are still struggling during the pandemic, while Asian casinos are bouncing back. (Image: Venetian.com)

The Venetian’s New Owner Has a History of Bankrupting Casinos

Two months after Sheldon Adelson’s death, his signature Las Vegas casino has been sold. One of the Venetian’s new owners, Apollo Global Management, is responsible for the largest bankruptcy filing in casino industry history. Unlucky? The Las Vegas Sands had been looking to sell its Strip properties since October. The […]

This T206 Honus Wagner formerly owned by Joe Garagiola brought $2.5 million at auction on Sunday. (Image: Heritage Auctions)

T206 Honus Wagner Card Fetches $2.5M at Auction

Imagine owning a baseball card that not only features a big crease, but that’s lost some of the cardboard from the back after being pasted in a scrapbook – and then selling that card for more than $2.5 million. A famed T206 Honus Wagner fetched that price during a recent […]

The Vegas Golden Knights promptly cancelled a partnership with tour service UpickTrade.com after just three days. (Image: David Zalubowski/AP)

Vegas Golden Knights Quickly Make, Break Partnership with Mexican Tout Service

When the Vegas Golden Knights announced they were partnering with Mexican sports betting pick service UpickTrade, it didn’t take long for social media to roundly criticize the deal. Within a matter of days, the NHL franchise took that criticism to heart, ending the relationship before it ever really began. On […]

PSA raised its rates on Monday, making it significantly more costly to have sports and TCG cards evaluated through the company. (Image:

Internet in a Tizzy After PSA Doubles Card Grading Prices Overnight

Although it had been rumored for weeks, Professional Sports Authenticators’ practical doubling of the rate it charges to grade cards sent shockwaves through the sports card collecting community on Monday. Collectors Universe, PSA’s parent company, announced in November that it would sell the company for $700 million to an investor […]

Monomoy Girl won four races in 2020, including this victory in the Grade 1 La Troienne at Churchill Downs. You can buy microshares in her starting next month for $46. (Image: Jamie Newell/TwinSpires)

MyRacehorse Offers Shares of Monomoy Girl for $46

This is the essential lure of MyRacehorse Stables for horse racing fans. Starting early next month, you can own a piece of Monomoy Girl for the price of a tank of gas or a nice bottle of wine. MyRacehorse Stable paid $300,000 to Spendthrift Farm for 51% of the racing […]

As one of North America's top sires, Uncle Mo mated with 257 mares in 2020. Under a new rule by The Jockey Club, Uncle Mo's last 117 foals would not be registered as Thoroughbreds. (Image: Coolmore America)

Three Powerful Breeding Farms Sue The Jockey Club Over Stallion Cap

Three of Kentucky’s most powerful breeding farms filed suit in US District Court on Tuesday, seeking to end The Jockey Club’s stallion cap rule that limits stallions born in 2020 or later to 140 mares a year. The plaintiffs, Spendthrift Farm, Ashford Stud, and Three Chimneys Farm, also listed two […]

Arlington Park, located in the Chicago suburbs, is one of North America's top race tracks. Owner Churchill Downs Inc. put it up for sale Tuesday, imperiling its racing future. (Image: Arlington Park)

Churchill Downs Puts Iconic Arlington Park on the Sales Block

Churchill Downs Incorporated announced Tuesday that Arlington Park, one of North America’s most iconic race tracks, and the home of the Arlington Million, is up for sale. Through commercial real estate company CBRE Group, CDI opened the market for the 326-acre Arlington Heights, Ill., property, located in Chicago’s northwest suburbs. […]

TikTok expands reach into professional sports with UFC, soccer deals

TikTok expands reach into professional sports with UFC, soccer deals

Short-form video platform TikTok is rapidly building a foothold in the sports world, with two more deals linking the app to the UFC and professional soccer teams in the United States. On Friday, TikTok announced a multi-year deal with the UFC that will see the mixed martial arts promotion place […]

Ungraded copies of a 1991 Upper Deck baseball card showing Michael Jordan taking batting practice have sold for upwards of $100 in recent days. (Image: eBay)

Jumped the Shark? Jordan’s Rookie Baseball Card Sees Record Prices

Even though he finished his brief, one-year minor league career with a .202 batting average, three home runs, and 51 RBIs, collectors now clamor for Michael Jordan’s baseball “rookie card.” That card, an insert in the 1991 Upper Deck baseball set that shows Jordan taking batting practice with the Chicago […]

I bought this salon on Wednesday, and will spend the next two months transforming it into a the finest sports card store in all of Cullman, Alabama. I'm making a big bet on the future of TK. (Image: Amy Kampis)

Opening a Sports Card Shop, Part 2: Buying a Building

Last week, I signed on the dotted line, paving the way to open a sports card store in my hometown of Cullman, Alabama. As I previously recounted for OG News readers, I’m jumping on the sports trading-card bandwagon. Even though some investors speculate this crypto-hot market will burn out soon, […]

Kentucky Gov. Andy Beshear said he will sign a bill legalizing historical horse racing machines the moment it hits his desk. (Image: Timothy D. Easley/Associated Press)

Kentucky Governor Chomping at the Bit to Sign HHR Machine Bill

With legislation legalizing historical horse racing (HHR) machines meandering toward his desk, Kentucky Gov. Andy Beshear told a virtual meeting of the Kentucky Horse Racing Commission Tuesday he will sign the bill “as fast as it reaches my desk.” Beshear told the commissioners he couldn’t sign Senate Bill 120 last […]

Zion Williamson, Mike Trout and soccer in general were among the sports cards that helped fuel the market in 2020. (Image: Beckett)

State of Trading Cards Report Shows Massive Growth in 2020

The top-selling online platform for trading cards says the industry reached new heights over the past year. Interest in sports cards and trading card games like Pokemon and Magic the Gathering has reached such a fervor that eBay decided to crunch the numbers for its first State of Trading Cards […]

The Mumbai Indians beat the Chennai Super Kings in a stunning 2019 final. Disney now owns IPL streaming rights. (Image: Robert Cianflone/Getty)

Disney Posts Upside Earnings Surprise Thanks to Cricket

Cricket and sports betting came up multiple times during Walt Disney’s earnings call on Thursday. It was a knuckleball for Disney analysts who normally focus on theme parks and movies. They failed to predict the impact of Disney’s newest revenue streams. Disney’s parks can’t operate at full capacity, due to […]

A Panini Direct Dutch auction rarely, if ever, goes to the lowest possible price, but some good deals are occasionally had. (Image: Panini)

Strategies for Panini Direct Sports Card Dutch Auctions

Over the past year, it’s gotten increasingly difficult to find new boxes of sports cards to open at a decent price. Retail products sell out as quickly as they are stocked, and hobby boxes sell for well over MSRP — sometimes even as preorders. But, the Dutch auctions on Panini […]

The Kentucky House of Representatives passed a bill legalizing historical horse racing machines -- a key economic engine for the state's racing industry. (Image: Marcus Dorsey/Lexington Herald-Leader)

Kentucky House Passes HHR Bill, Heads to Governor for Signing

In a move illustrating the speed of Kentucky legislators when it comes to that state’s Thoroughbred horse industry, the Kentucky House of Representatives approved Senate Bill 120 on Thursday night, legalizing Historical Horse Racing (HHR) machines. The measure passed 55-38, two days after it cleared the Kentucky State Senate, 22-15. […]

Oaklawn Park scrubbed its Presidents' Weekend card due to expected ice storms this weekend. The Arkansas track rescheduled five stakes races -- three graded stakes -- to the following weekend. (Image: Oaklawn Park)

Oaklawn Park Postpones Big Weekend Stakes Cards Due to Weather

With ice and frigid temperatures in the forecast, Oaklawn Park canceled its Presidents’ Day weekend card on Wednesday, rescheduling its five stakes for the following weekend. That means horseplayers must wait another five days to see Champion 2-Year-Old Essential Quality make his 3-year-old debut in the Grade 3 $750,000 Southwest […]

Overall, Wynn's Q4 earnings were down XX%, but Strip casinos (Image: John Locher/AP)

Casino Stocks Soar After Wynn and Penn National Post Ugly Earnings

Wynn Resorts and Penn National Gaming announced worse-than-expected earnings last week. Yet, nearly every casino stock rose on the news. Sports betting may be one reason why investors are ignoring the present and looking to the future. Wynn’s stock price jumped 7.7% on Friday, following the casino company’s lackluster earnings […]