Gambling Industry

Hall of Fame trainer Bob Baffert faces another challenge from a racing organization. The Breeders' Cup began reviewing his eligibility for this year's Breeders' Cup World Championships. (Image: John Minchillo/Associated Press)

Breeders’ Cup Board Instigates Review on Bob Baffert’s Eligibility

The Breeders’ Cup announced this weekend that it began reviewing whether Hall of Fame trainer Bob Baffert can send his horses to this year’s event, set for Nov. 5-6 at Del Mar. The process began in the wake of the New York Racing Association’s scheduled Sept. 27 hearing for the […]

The Intuit Dome (Image: LA Clippers)

LA Clippers Intuit Dome Sets Record for Naming Rights, Toilets

Software provider Intuit will pay $500 million for the naming rights to the LA Clippers new arena. That 23-year contract set a record in the NBA. Meanwhile, the Intuit Dome will set another record — one for the highest toilet ratio in the league. The LA Clippers currently play at […]

FanDuel Sportsbook will soon be offering live streams of tennis and some European soccer through its mobile betting app. (Image: Ed Scimia/997655.com)

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 […]

Imperador and jockey Joe Talamo hold off a surging Arklow to win Kentucky Downs' flagship race: the $1 million Calumet Turf Cup. That Saturday race headlined a record handle day and meet for Kentucky Downs. (Image: Coady Photography)

Kentucky Downs Wrap: Bettors, Rosario Make it a Record-Setting Meet

Whether it was riding or betting, records fell in bunches during Kentucky Downs’ recently completed six-day meet. The boutique, all-turf track located on the Kentucky-Tennessee border destroyed its previous handle record, both for a single day and for the overall meet. Kentucky Downs came in with a six-day, all-sources handle […]

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

Casino Stocks Crash as Macau Considers Tighter Regulations

Shares of casino stocks tanked on Tuesday after Macau announced it will revise its gambling regulations. In just one day, casino companies operating in the world’s largest gambling center lost roughly $18 billion in stock value. On Tuesday, Macau’s Secretary for Economy and Finance announced a 45-day consultation period for […]

Underdog victories should be good for sportsbooks. (Image; Amy Calistri)

NFL Opening Week Yields Record Sports Betting Transactions

Indicating a sports betting record, GeoComply tracked 58.2 million sportsbook transactions in the four-day period from Thursday through Sunday. That’s 126% more than the geolocation company tracked during last year’s NFL season opener. Meanwhile, the number of upsets this week should bode well for sportsbooks — and less well for […]

William Hill to Close 700 Shops in the UK (Image: Alamy)

Caesars Sells William Hill International to 888 Holdings for $3 Billion

888 Holdings PLC will acquire William Hill PLC’s international’s assets for $3.03 billion. Caesars Entertainment bought William Hill in April, intending to sell off its non-US businesses. The deal is expected to close early next year. Caesars Entertainment will net roughly $1.2 billion from the sale. Meanwhile, the acquisition will […]

Jockey Tiago Pereira rode Tripoli to Horse of the Meet honors at Del Mar. Tripoli won the Grade 1 Pacific Classic and helped owners Hronis Racing take its sixth Del Mar owners title and fourth in the last five years. (Image: Benoit Photo)

Del Mar Wrap: Nothing Average About Record Average Daily Handle

Del Mar closed its 82nd summer season with a track record for daily average handle, watching horseplayers wager an average of nearly $18.4 million each day of the 31-day meet. That surpassed last year’s daily average of $17.3 million, which came without fans in the stands thanks to the pandemic. […]

Racing milestones, standout horses, riders and trainers and a record handle. The 2021 Saratoga meet had it all this summer. (Image: Saratoga.com)

Saratoga Closes the Gates On a Record Handle, Memorable Moments

Saratoga cracked $800 million in all-sources wagering handle for the first time in its storied history, ending its most successful summer meet with $815,508,063 in all-sources handle. That represented a 15.6% increase over the track’s previous record of $705,343,949 set in 2019. Saratoga set its new record last Wednesday, with […]

New York bettors now have access to Kentucky Downs' six-day meet. The entity signed an 11th-hour agreement with the New York Racing Association opening up wagering to New York bettors. (Image: Coady Photography)

Kentucky Downs, NYRA Reach Agreement, New York Wagering Welcome

One day before Kentucky Downs begins its six-day meet, the track reached an agreement with the New York Racing Association that opens up wagering to NYRA’s markets and platforms. The late agreement means NYRA, its racetracks and its NYRA Bets advance deposit wagering (ADW) platform can access the track’s races. […]

Due to a contract impasse, horseplayers at the three NYRA tracks, including Saratoga, won't be able to bet on Kentucky Downs races during the all-turf track's six-day meet. (Image: Kentucky Downs)

Kentucky Downs Shuts Out NYRA Bettors

Due to a contract impasse, bettors at New York Racing Association tracks and NYRA Bets account holders won’t be able to wager on the upcoming Kentucky Downs meet. That shuts out the country’s fourth-largest advance deposit wagering (ADW) platform from access to the six-day, all-turf boutique meet. Kentucky Downs opens […]

Atletico Madrid started selling Griezmann's shirt minutes after completing his transfer. (Image: Twitter/Atleti)

Deadline Day Shocker Sees Griezmann Return to Atletico

Antoine Griezmann returned to Atletico Madrid after two years with FC Barcelona. The Frenchman’s move to Atletico was a big surprise for fans and experts alike. Griezmann looked set to stay with Barcelona, after an agitated summer that saw him linked to a Premier League switch. Griezmann’s salary was always […]

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Beer Companies Ramp Up Sponsorship of Women’s Sports

Two major beer brands announced new women’s sports programs on Thursday. Heineken announced new sponsorships with UEFA women’s soccer and motorsport’s W series. Meanwhile, Michelob ULTRA is committing $100 million over the next five years to promote gender equality in sports. Beer companies have traditionally been among sports’ largest sponsors. […]

ESPN's gradual embrace of sports betting may pick up steam as it looks to license its brand to sportsbooks. (Image: Getty)

Disney’s ESPN Sports-Betting Deals Could Net $3 Billion

Walt Disney’s ESPN is looking to generate more than $3 billion in sports-betting licensing deals. Once reluctant to associate with gambling, the multimedia company has gradually changed its tune. Initially tentative to offer sports-betting content, the company is now looking to leap into ESPN-branded sportsbooks. According to the Wall Street […]

The novel, non-oval Kentucky Downs course offers racing only six days a year. When the meet opens Sept. 5, it will go by the new name "FanDuel Meet at Kentucky Downs." (Image: Kentucky Downs)

FanDuel to Become Title Sponsor of Kentucky Downs Meet

Kentucky Downs and FanDuel announced a three-year partnership this week that will put the betting platform’s name on the track’s boutique late-summer meet. The six-day meet, which runs Sept. 5-6, 8-9, and 11-12, now goes by the name FanDuel Meet at Kentucky Downs. FanDuel is the parent company of the […]

Giannis Anteokounmpo (Image: Getty)

Giannis Antetokounmpo Joins Brewers Ownership Group as Investment Surge Continues

NBA MVP Giannis Antetokounmpo attended a Milwaukee Brewers game on Tuesday. And, while Antetokounmpo has attended many Brewers games, this was his first as the team’s newest minority owner. Antetokounmpo’s investment is hardly unique, however, as professional athletes, actors, and private equity firms continue to pour money into professional sports. […]

A proposal merging fantasy sports and pari-mutuel wagering could be the first step toward sports wagering in the Golden State. (Image: Ethan Miller/Getty)

Sports Betting Bill Passes North Carolina Senate

The North Carolina House of Representatives now holds the future of sports betting in the state in its hands. Months after it was introduced, Senate Bill 688 passed the state Senate last week and was sent to the House. That legislation was read for the first time in the House […]

On May 14, 1967 Joe Pepitone loaned Mickey Mantle his bat. Mantle clocked  his 500th homerun with the bat. A lawsuit may finally dtermine the bat's true owner. (Image: Baseball Hall of Fame)

Mickey Mantle’s Hall of Fame Bat Sparks Lawsuit

The bat Mickey Mantle used to launch his 500th home run has been in the Baseball Hall of Fame for decades, but a recent lawsuit filed by Joe Pepitone claims he’s the bat’s rightful owner. Granted, the bat does have his name on it. The dispute over the bat’s ownership […]