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Churchill Downs Plans Grandstand, Pavilion Renovation
Churchill Downs (NASDAQ: CHND) has announced plans to invest $80 to $90 million in renovating the grandstand at its renowned Kentucky racetrack. The construction of the Grandstand Club and Pavilion will begin next month, with the enhancements expected to be completed before the 2025 Kentucky Derby. This announcement coincides with the gaming company’s second-quarter earnings…
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Baffert Takes Responsibility for Medina Spirit; Ban Lifted
Churchill Downs Inc. has lifted its ban on trainer Bob Baffert, allowing him to race his horses at their tracks once again. This decision follows Baffert’s statement in which he accepted responsibility for Medina Spirit’s positive drug test after winning the 2021 Kentucky Derby. Baffert also expressed his desire to move past this chapter, stating…
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Musburger Media Buys Back VSiN from DraftKings
Just over three years after acquiring the Vegas Sports Information Network (VSiN) from Musburger Media, DraftKings (NASDAQ: DKNG) is selling the sports betting radio network back to its original owner. The financial terms of the transaction remain undisclosed. DraftKings had paid $70 million to purchase VSiN in March 2021. Moving forward, VSiN founders Brian Musburger…
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SuperBook Sports Bows Out of US Sports Betting Market
In a post on X, formerly known as Twitter, the company stated that starting at 8 pm Eastern time today, users with SuperBook mobile betting accounts in eight states would no longer be able to place sports bets. Customers can withdraw their funds immediately. The SuperBook Nevada mobile betting app will remain operational, and the…
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Professional Pickleball Enhances Sports Betting with Compliance Monitor
This week, the Professional Pickleball Association (PPA) announced a partnership with Integrity Compliance 360 (IC360) to enhance fair play monitoring on its PPA Tour. Headquartered in Las Vegas, the PPA aims to expand its presence in more legal sports betting states across the US. To oversee the legal betting activities surrounding its competitions, the PPA…
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FanDuel Temporarily Suspends Operations in DC as Bowser Delays Budget Approval
Washington, DC is currently experiencing a halt in mobile sports wagering due to Mayor Muriel Bowser (D) not yet signing the fiscal 2025 budget. Anticipation was high that Bowser would approve the new budget on Monday, which would have marked the beginning of a new era in mobile sports wagering for the nation’s capital. This…
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Nebraska Legislature to Discuss Online Sports Betting to Alleviate Property Taxes
The Nebraska Legislature is set to reconvene for a special session on Thursday, July 25, to explore methods for reducing property taxes for homeowners. Governor Jim Pillen (R) of Nebraska has expressed reservations about expanding gambling since the state’s voters approved commercial racetrack casinos through a statewide ballot referendum in 2020. Some lawmakers in the…
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Rush Street Interactive Sale Could Be Imminent, Report Suggests
The long-rumored sale of Rush Street Interactive (NYSE: RSI) may come to fruition within the next two months, according to a recent report. Media reports in March indicated that the Illinois-based gaming company had reached out to several competitors regarding a potential acquisition, with DraftKings (NASDAQ: DKNG) being the only named entity in the group.…
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Philippine Mayor Faces Arrest: Gambling, Trafficking, Espionage
The Philippine Senate has cited small-town mayor Alice Guo in contempt for failing twice to appear at a hearing investigating accusations that she is a Chinese spy involved in human trafficking. Guo cited stress for her absence. On Thursday, authorities froze Guo’s assets and announced an arrest warrant was being prepared. The case, which has…
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Colorado Tribe Sues State and Governor Over Sports Betting Rollout
The Southern Ute Indian Tribe in Colorado is suing Governor Jared Polis (D) and Colorado Gaming Division Director Christopher Schroder over the implementation of sports betting in the state. District Court, alleging that Polis and Schroder failed to negotiate in good faith as required by the Indian Gaming Regulatory Act (IGRA). The tribe’s attorneys argue…