As analysts salivate at the prospect of legalized sports betting in Kansas, officials say the wagers may not begin until after football season kicks off. Kansas Racing and Gaming Commission Director Todd Allen recently said that the commission hasn’t set a “go-live date†yet. He noted that “a lot of […]
Tag: Caesars
Denny Hamlin Gets DQ’d at Pocono Raceway, Wins the Internet
Denny Hamlin scored the checkered flag at Pocono Raceway on Sunday, only to get DQ’d after the post-race inspection. But the NASCAR Cup Series win didn’t go to second-place finisher Kyle Busch, because he also failed inspection. And that created a lot of confusion — and in some cases — […]
Macau Casinos Get $1.5 Billion in Loans from Wynn and LVS
Two Macau casinos received large loans from their US parent companies, helping them weather the latest COVID shutdown. Although, it may be US gamblers and shareholders who pay the price in the end. Last month, Wynn Resorts provided a $500 million revolving loan to Wynn Macau. Meanwhile, Las Vegas Sands […]
Sports Betting Boosts NFL Opening Week Ratings and Ad Spending
CBS and NBC both reported a double-digit ratings increase for last week’s NFL games. Meanwhile, the NFL’s sportsbook partners treated viewers to roughly 100 ads. In related news, sports betting activity was at an all time high during the NFL’s opening week. Last season, NFL ratings slumped for the first time […]
Can Brick-and-Mortar-Heavy Las Vegas Sands Pivot Online Fast Enough?
In an industry-defining about-face, the Las Vegas Sands Corporation is likely to open online gambling operations this year, despite previous resistance from the company’s chairman Sheldon Adelson. But does the Sands have enough in reserve to reverse its decades-long, anti-online stance and spin up a viable online product? Adelson Created […]
Entain Shares Soar as British Gambling Giant Rejects MGM’s $11 Billion Takeover Bid
Betting giant Entain, the Isle of Man-headquartered parent company of Ladbrokes, rejected an £8.1 billion ($11b) buyout offer from US partner MGM Resorts Monday, sparking a rally in its stock as MGM shares took a dip. Entain officials said the offer from MGM, owner of several high-end resorts and casinos […]
Funky Rules in Virginia Cause Sportsbooks to Speak Out Before Anticipated January Opening
They won’t be the only state to open for online sports gambling in January, but Virginia will undoubtedly do so with a unique set of regulations. Legalized in July, the Virginia Lottery has granted preliminary approval for up to a dozen online sportsbooks, including five of the usual suspects.DraftKings, FanDuel, […]
Disney Goes All-In With Caesars, DraftKings, and SEC Deal in Effort to Save ESPN
Last week, Disney officials announced several initiatives that will pivot the media behemoth toward a future focused on online sports gambling. At its Investor Day last Thursday, Disney executives highlighted ESPN’s multi-year partnership with Caesars Entertainment signed in September. The deal includes link integrations from ESPN’s digital platforms to William […]