Gambling Industry

PSA will temporarily stop accepting submissions for all of its lower-tiered grading levels to help it clear its enormous backlog. (Image: Linked In)

PSA Report Shows Millions of Cards Still in Grading Backlog

PSA, the market leader in sports card grading, announced this month the return of another of its grading tiers, but the December blog post shows that the company still has a long way to go to clear its backlog. PSA will reopen its Regular grading service level, although at a […]

Flightline was in his own zip code when he finished Sunday's Grade 1 Malibu Stakes at Santa Anita. Flightline's 11 1/2-length victory came with a 118 Beyer Speed Figure, the highest Beyer by a North American horse this year. (Image: Benoit Photo)

Flightline Unwraps 2021’s Best Beyer With Malibu Stakes Victory

As trainer John Sadler put it after watching his star runner Flightline on Sunday, “Christmas came a day late.” For Sadler and the connections of the 3-year-old son of Tapit, Flightline’s performance in Sunday’s Grade 1 Malibu Stakes at Santa Anita Park was the gift that keeps on giving. And […]

The United States Anti-Doping Agency couldn't reach an agreement to provide drug testing and enforcement for the Horseracing Integrity and Safety Act. The two sides suspended negotiations Thursday, putting a key element of HISA into flux. (Image: USADA)

HISA, USADA Fail to Reach Agreement on Drug Testing, Enforcement

The Horseracing Integrity and Safety Authority (HISA) announced Thursday that it suspended talks with the US Anti-Doping Agency (USADA) to help enforce HISA’s Anti-Doping and Medication Control program. The two entities broke off negotiations on Thursday after failing to reach terms on an agreement. The USADA was seen as an […]

Disgraced trainer Jorge Navarro was sentenced to five years in prison Friday for doping racehorses. (Image: Gulfstream Park)

Judge Sentences Trainer Jorge Navarro to Five Years for Horse Doping

Former trainer Jorge Navarro, one of the pivotal figures in a federal investigation into alleged doping of Thoroughbreds, was sentenced to the maximum five years in prison Friday. Along with the sentence, Navarro was ordered to pay more than $26.8 million in restitution. That figure represents the amount of earnings his […]

The Scranton/Wilkes-Barre RailRiders are a triple-A affiliate of the New York Yankees. (Image: Gettty)

UFC Owner Endeavor to Buy 10 Minor League Baseball Teams

Endeavor Group Holdings has agreed to buy 10 Minor League Baseball teams, including the affiliates of prominent MLB franchises like the New York Yankees and the Atlanta Brave. One of the teams, the Oklahoma City Dodgers, is currently co-owned by Endeavor President Mark Shapiro. Endeavor got its start as a […]

California Senator Dianne Feinstein (D) called for the California Horse Racing Board to exhibit transparency in its investigation of Kentucky Derby champion Medina Spirit's sudden death. (Image: Jay Calderon/Desert Sun)

California Senator Feinstein Calls Out CHRB on Medina Spirit Investigation

California Democrat Senator Dianne Feinstein, one of the Senate co-sponsors of the Horse Racing Integrity and Safety Act of 2020 and a frequent critic of horse racing, wrote a letter to the California Horse Racing Board seeking transparency in the sudden death of Kentucky Derby winner Medina Spirit. In the […]

Hard Rock to Buy the Mirage from MGM for $1 Billion

Hard Rock to Buy the Mirage from MGM for $1 Billion

Hard Rock International announced on Monday that it will buy the Mirage Hotel & Casino for $1.075 billion. The Florida-based company will also spend $1.5 billion to remodel the resort, adding another hotel tower. MGM Resorts will net $815 million from the sale after taxes and fees. Hard Rock International […]

Leeds United's celebrate a last-second goal which gave them a point in a 2-2 home draw to Brentford at the weekend. (Image: Twitter/diego_2llorente)

49ers Enterprises to Buy Leeds United for $530 Million

The ownership of the 49ers group has a deal in place to buy Premier League club Leeds United in a deal valued at more than $530 million. The Athletic reports that the San Francisco 49ers investment arm has the option to acquire 100% control of the Yorkshire club until January […]

Jockey John Velazquez aboard Kentucky Derby champion Medina Spirit, with owner Amr Zedan (far left), trainer Bob Baffert (yellow tie) and the rest of the horse's connections. Zedan and Baffert's attorneys issueed a statement maintaining the horse's positive drug test was due to an ointment. (Image: Jamie Newell/TwinSpires)

Baffert Attorneys: Test Proves Cream Caused Medina Spirit’s Positive Test

The attorneys for Medina Spirit’s owner and trainer, Amr Zedan and Bob Baffert, issued statements late Friday claiming that tests performed by a New York laboratory confirmed their position that the Kentucky Derby winner’s positive test for the corticosteroid betamethasone came from the ointment Otomax and not an injection. Baffert’s […]

Macau casinos (Image: Chris McGrath/Getty)

Junket Operator’s Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings’ CEO, was among those detained. The region’s casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the ’08-’09 financial […]

A parlay card had won four football games in NFL Week 4 betting, but LeBron James and the Lakers killed the card when the team couldn’t cover the first half spread against Miami Heat. (Image: Getty)

Fenway Sports Group Pays $900M for Pittsburgh Penguins Majority Stake

Fenway Sports Group (FSG) plans to take a majority stake in the NHL’s Pittsburgh Penguins. The deal, which still needs NHL owners’ approval, is reportedly valued at $900 million. The Penguins will join Fenway Sports’ portfolio of teams that include the Boston Red Sox, the Salem Red Sox, Liverpool FC, […]

Failed Sports Betting Deals: DraftKings, Entain, WynnBet and Austerlitz

Failed Sports Betting Deals: DraftKings, Entain, WynnBet and Austerlitz

Over the past month, two big sports betting deals have gone bust. DraftKings dropped its $22 billion offer for Entain while, meanwhile, Wynn Resorts called off the merger of WynnBet with Austerlitz Acquisition. And in the blink of an eye, the red-hot sports betting market has started to cool. Once […]

Juventus is struggling on and off the pitch this season. (Image: Twitter/juventusfc)

Italy Finance Police Investigate Juventus over Transfer Activity

Italian finance authorities raided Juve’s offices in Turin and Milan, seeking papers relating to player moves between 2019 and 2021. Juventus is Italy’s most successful club, winning 36 Serie A titles. Juve is listed on Milan’s stock exchange and its largest shareholder is Exor. Anna Maria Loreto, a Turin prosecutor, […]

NLF QB Tom Brady and his wife Gisele Bundchen own stakes in FTX (Image; George Pimentel/Getty)

Latest Cryptocurrency Sports Deals Include LA Arena, Brady and Ohtani

The number of cryptocurrency deals in sports continues to climb. Crypto.com recently made headlines with a record-breaking $700 million naming rights deal for LA’s Staples Center. Meanwhile, the NFL’s Tom Brady and MLB’s Shohei Ohtani are cashing in with cryptocurrency hookups. In 2021, the value of cryptocurrencies soared. As a […]

Baltimore Ravens defeated Chicago Bears thanks to a Devonta Freeman last-minute TD. (Image: Twiter/ravens)

Bettor Turns $50 into $1.1M Thanks to Ravens’ Game-Winning TD

Devonta Freeman’s last-minute touchdown secured the Baltimore Ravens a narrow win over the Chicago Bears on Sunday. It also proved to be gold for a bettor who turned $50 into more than $1 million. The Ravens’ result was the final one the bettor needed to secure a $1,133,530.50 payout on […]