Churchill Downs (NASDAQ: CHDN) has announced plans to invest up to $50 million in developing a new historical racing machine (HRM) facility in Calvert City, Kentucky. The company projects expenditures between $40 million and $50 million for the establishment, which…
A sports bettor from Las Vegas claims that William Hill, a sportsbook owned by Caesars Entertainment, denied him nearly $40,000 in winnings after he placed a successful bet on outsider Joel Moscatel Nachshon during the first round of the 2023…
Ellis Island Casino Hotel & Brewery is shedding its reputation as a dive bar and stepping into a more upscale era. The first official renderings, released on Monday, showcase a dramatic $35 million renovation that brings a modern and luxurious…
As the 2024-25 NBA season approaches, the league and its sportsbook partners have made a significant policy change, discontinuing “under” player proposition bets on its lowest-paid athletes. This decision follows the fallout from the Jontay Porter scandal, where the former…
Diamond Sports Group, the bankrupt operator of regional sports networks (RSNs) currently under the Bally’s Sports name, is pressing a court for swift approval to rebrand to FanDuel. In a filing with the U.S. Bankruptcy Court for the Southern District…
Flutter Entertainment (NYSE: FLUT) CEO Peter Jackson has cautioned U.S. states on increasing online sports betting taxes, warning that excessive rates could drive bettors to unregulated offshore markets. In a recent Financial Times interview, Jackson proposed an ideal tax rate…
Brazilian soccer star Lucas Paqueta now faces additional charges in the English Football Association’s (FA) ongoing probe into alleged spot-fixing. The West Ham midfielder was initially charged in May with purposefully aiming to “receive a card from the referee to…
Currently, Hard Rock International holds exclusive rights to regulated sports betting in Florida. However, Chairman Jim Allen recently suggested the tribal gaming giant may consider future partnerships with industry leaders DraftKings (NASDAQ: DKNG) and FanDuel. Speaking with CNBC’s Contessa Brewer…
Penn Entertainment (NASDAQ: PENN) announced a revised outlook today, signaling a smaller-than-expected loss for its interactive division, which includes ESPN Bet, for the third quarter. In a Form 8-K filing with the Securities and Exchange Commission (SEC), Penn indicated that…
The betting scene for UFC 307 in Salt Lake City, Utah, centers on Alex Pereira as he defends his light heavyweight title against Khalil Rountree Jr., with Pereira emerging as the clear betting favorite. The Pereira-Rountree Jr. matchup has captured…
The 2024 football season was seen as a key test for Penn Entertainment’s (NASDAQ: PENN) ESPN Bet, and as the NFL moves into its fifth week, the online sports betting platform seems to be making strides. In a recent report…
Buffalo Mayor Byron Brown (D) is stepping down from City Hall to take on a more lucrative position as president and CEO of Western Regional Off-Track Betting Corp. (Western OTB). After leading New York’s second-largest city for nearly two decades,…