Gambling Industry

Oaklawn Park scrubbed its Presidents' Weekend card due to expected ice storms this weekend. The Arkansas track rescheduled five stakes races -- three graded stakes -- to the following weekend. (Image: Oaklawn Park)

Oaklawn Park Postpones Big Weekend Stakes Cards Due to Weather

With ice and frigid temperatures in the forecast, Oaklawn Park canceled its Presidents’ Day weekend card on Wednesday, rescheduling its five stakes for the following weekend. That means horseplayers must wait another five days to see Champion 2-Year-Old Essential Quality make his 3-year-old debut in the Grade 3 $750,000 Southwest […]

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

Casino Stocks Soar After Wynn and Penn National Post Ugly Earnings

Wynn Resorts and Penn National Gaming announced worse-than-expected earnings last week. Yet, nearly every casino stock rose on the news. Sports betting may be one reason why investors are ignoring the present and looking to the future. Wynn’s stock price jumped 7.7% on Friday, following the casino company’s lackluster earnings […]

At 20/1, Dream Shake brought home a strong maiden victory over two heralded Bob Baffert horses. His Kentucky Derby futures odds plummeted as a result. (Image: Benoit Photo)

Kentucky Derby Futures: What Goes Down, Can Go Up

One Bob Baffert charge watched his Kentucky Derby futures odds fall further this weekend, while another watched his rise to semi-realistic territory. Those were the two biggest takeaways coming out of a weekend that further defined the Derby picture across the odds food chain. The prime beneficiary was Baffert’s Concert […]

Colonel Liam romped to victory in the Pegasus World Cup Turf, Jan. 23. His victory in one of two Grade 1 races during January helped build strong January handle numbers. (Image: Lauren King)

Racing Economic Indicators Show Jump in January Handle

Total horseracing handle jumped for the second consecutive month, providing one key takeaway from Equibase’s first Economic Indicators in Thoroughbred Racing report of 2021. Betting in January climbed 9.57% from January 2020’s numbers to $959,602,269. That followed a 6.24% boost in December wagering, signifying that horseracing may be rebounding out […]

Gamine, seen here winning the Test Stakes last summer, forfeited her third-place finish in the Kentucky Oaks after her second positive drug test. (Image: Coglianese Photo/HYRA)

Champion Sprinter Gamine Disqualified from Kentucky Oaks

The Kentucky Horse Racing Commission formally disqualified Gamine from the 2020 Kentucky Oaks after the Bob Baffert charge tested positive for betamethasone. Along with that, the commission fined Baffert $1,500. As a result of the Jan. 30 ruling, posted on the KHRC website, Gamine forfeits the $120,000 she earned for […]

Steven and Alex Cohen used their Twitter accounts to interact with fans. The Mets owners, however, shut down his account after receiving threats in the wake of the GameStop saga. (Image: @MrMet)

How Sports Got Tangled Up in the GameStop Stock Wars

By now, most people have heard about the recent battle over a videogame retailer’s stock. But, few understand how the GameStop stock saga impacted sports and gaming. An MLB owner, a casino company — and even the Super Bowl — all became part of the drama. It all started with […]

Would this punter at a British book subject himself to financial scrutiny? Under a proposed system of affordability checks, he may have no choice if he wants to keep wagering on races or sports. (Image: Reuters)

Affordability Checks: What are They and What Do They Mean for Racing?

Picture this scenario, courtesy of the Great Britain Gambling Commission and its proposed “affordability checks” on sports and race bettors. You save your betting money for the Royal Ascot meet in June. The meet arrives and you wager £100 each-way on the second favorite in the Group 1 Queen Anne […]

Knicks Go brings a four-race winning streak into the $20 million Saudi Cup. (Image: Coady Photography/Keeneland)

Saudi Cup Connections Exempt from COVID Ban; Knicks Go a Go

As the Saudi Cup field takes shape, the Saudi Arabian government announced connections for the $20 million race participants will be exempt from the country’s ban on entering Saudi Arabia. Citing COVID-19 concerns, the country banned entry to residents of 20 nations, including the United States and the United Kingdom. […]

The UKGC announced new rules and regulations for online slot machines, which make up the majority of games at casino websites. (Image: Bovada.lv)

UK Gambling Commission Implementing New Regulations for Online Casinos

In recent years, the UK Gambling Commission has been tightening the reins on everything from machines in betting shops to advertising on television. Now, the regulator has announced new rules that online casinos will have to implement later this year in an effort to limit the impact of problem gambling […]

Tarantino, seen here in an October workout, finished a solid second in the Grade 3 Holy Bull. That earned him a prominent odds cut on this week's Kentucky Derby futures boards. (Image: Ernie Belmonte)

Derby Futures: Tarantino Shows Even Reservoir Dogs Have Their Day

It wasn’t a case of pulp fiction that Tarantino was sitting at 225/1 when he debuted on the Circa Sports and William Hill Nevada Kentucky Derby futures boards last week. Even the Jackie Browns and Inglorious Basterds of the world stared juicy odds in the face before Tarantino entered the […]

Dallas Marvericks owner and entrepreneur Mark Cuban said Thursday that sports cards are among the assets he's hedging his bets on now. (Image: Yahoo Finance)

Is the Sports Card Market in a Bubble? Mark Cuban Hedges His Bets

Dallas Mavericks owner and famed entrepreneur Mark Cuban entered the sports card market bubble debate on Thursday when he listed it among his assets on which he’s hedging his bets. Cuban appeared on CNBC’s Squawk Box and said he’s adjusted his investment portfolio in a number of categories for fear […]

Officials a the Red Mile Casino in Lexington turned off their HHR machines last weekend. A state senator plans filing a bill to legalize the machines when Kentucky's General Assembly opens 
 next week. (Image: The Red Mile)

Kentucky State Senator Will File HHR Legalization Bill Next Week

As one major racetrack shuttered its Historical Horse Racing (HHR) machine parlor, Kentucky State Sen. John Schickel (R-Union) said Thursday he authored a bill supporting legalization of the machines. Schickel, whose district includes Churchill Downs Inc.-owned Turfway Park, told WTVQ-TV he plans on filing the bill when the legislative session […]

"Lost Puppy" was Budweiser's 2015 Super Bowl ad. (Image: Anheuser-Busch)

No Budweiser Super Bowl Ad for the First Time in 37 Years

Anheuser-Busch announced it won’t be placing any Budweiser ads in Super Bowl 55. But don’t worry, the Clydesdale horses aren’t out of work. Instead, Sam Adams will feature the iconic breed in an East Coast ad campaign. Budweiser isn’t the first brand to drop out of this year’s Super Bowl. […]

Bally's Corporation is expanding its sports betting operations by purchasing Monkey Knife Fight for $90 million in stock. (Image: CBS Philly)

Bally’s Prepares for Wide Sports Betting Legalization with MKF Purchase

Bally’s Corporation’s purchase of daily fantasy provider Monkey Knife Fight positions the company to capitalize on sports betting as more states across the country legalize wagering. The company announced the purchase of the third-largest DFS operator in the US on Tuesday for $90 million in stock. The deal is expected […]

Authentic's dynamic victory in the Breeders' Cup Classic earned him the No. 2 spot on Longines 2020 World Racing Awards. (Image: Breeders' Cup)

Authentic Ranked Second to Ghaiyyath in 2020 World Racing Awards

Two days before his expected coronation as Horse of the Year, Authentic took home the No. 2 spot in the 2020 Longines World Racing Awards. This translates to the Into Mischief colt being named the second-ranked horse in the world. It also translates into Authentic earning top honors as the […]