Gambling Industry

Trainer Bob Baffert's Medina Spirit wired the field in the Grade 1 Awesome Again earlier this month. The star Baffert colt -- as well as his other Breeders' Cup entries -- will be allowed to run in the championships at Del Mar next month. (Image: Ernie Belmonte)

Breeders’ Cup Allows Baffert’s Horses to Run with Extra Conditions

After a nearly month-long “review process” on Bob Baffert’s status, Breeders’ Cup officials announced on Sunday that the Hall of Fame trainer can enter this year’s Nov. 5-6 event at Del Mar, with certain conditions. Those conditions include extra testing of his entries, which Baffert will pay for, along with […]

Milwaukee Bucks owner Marc Lasry resigned as Ozy Media's Chairman. Lasry, who is one of the companies investors joined the board in April. (image: CNBC)

Milwaukee Bucks Owner Quits Ozy Board Amid Bizarre Fraud Allegations

Milwaukee Bucks owner Marc Lasry quit as Chairman of Ozy Media amid allegations of corporate fraud. Ozy Media recently came under fire after its COO impersonated a YouTube executive to secure funding. And that wasn’t Ozy’s first bizarre misstep. Ozy Media was an up-and-coming online media company with a charismatic […]

The next time fans watch a sporting event from the former site of Arlington Park International Racecourse, it likely will be Bears instead of horses. The Chicago Bears entered an agreement with track owner Churchill Downs Incorporated to buy the race track property. (Image: Arlington Park)

Chicago Bears Enter Agreement to Buy Arlington Park From CDI

Four days after the gate went up on Arlington Park’s final race, Churchill Downs Incorporated announced it signed an agreement to sell the storied race track to the Chicago Bears. The story was first reported Tuesday evening by The Athletic. Under the Purchase and Sale Agreement (PSA), the Bears will […]

The Cosmopolitan casino will be changing hands again (Image: The Cosmopolitan)

Merger Roundup: MGM Buys Cosmopolitan, Endeavor Grabs OpenBet

It was another busy week in gambling mergers. MGM Resorts will pay $1.63 billion to operate The Cosmopolitan. Meanwhile, Endeavor will buy sports betting platform OpenBet from Scientific Games for $1.2 billion. While most of the mergers in the gambling industry involve sports betting, there are still a handful of […]

Sezer Ozturk wearing the Fenerbahce shirt in a Turkish Cup Game in 2012. (Image: dailysabah.com)

Former Star Sezer Ozturk Involved in Fatal Shooting Incident

Sezer Ozturk, a former Bayer Leverkusen, Fenerbahce, and Besiktas player, was reportedly involved in a shooting with fatal consequences. One person was killed, while four others were injured in the incident, which took place on Sept. 19. According to Turkish channel NTV Spor, witnesses at the scene claim Ozturk’s reaction […]

Real Madrid, Barcelona, and Juventus are the last three clubs that refused to quit the Super League project. (Image: skysports.com)

UEFA Drops Legal Action Against the Last Three Super League Clubs

Real Madrid, Barcelona, and Juventus, the three clubs still involved in the Super League project, won’t face further legal action from UEFA. The other nine clubs involved were initially ordered to pay fines after accepting guilt. UEFA abandoned those plans as well, for the time being. Proceedings directed against Real, […]

Soccer Football - Premier League - West Ham United FC is one of the Premiere league clubs Jarrod Bowen celebrates scoring their first goal with Vladimir Coufal.  (Image: Glyn Kirk/Reuters)

UK May Ban Gambling Ads on Jerseys Just as US Introduces Them

The UK is considering a ban on gambling company ads on the front of Premier League soccer jerseys. Meanwhile, Caesars Entertainment just announced it would advertise its sportsbook on the front of the Washington Capital’s NHL jerseys. The news highlights the countries’ contrasting sports betting history. Bookmakers have been legal […]

Arlington Park crowds like this made the Arlington Million one of the must-see races of the summer at any North American track. The 94-year-old Chicago-area track runs its final races Saturday. (Image: Arlington Park)

Another Race Track Enters the History Books: Arlington Park (1927-2021)

Arlington Park will command a lion’s share of the horse racing world’s attention Saturday. It will command that attention without a stakes race on its nine-race card. And many paying attention will do so with tears in their eyes. Saturday is the final day of Thoroughbred racing at Arlington Park. […]

DraftKings has launched the first retail sportsbook in New Hampshire at The Brook in Seabrook. (Image: DraftKings)

DraftKings Bids $20 Billion for Entain in Sports Betting Mega Merger

DraftKings offered to acquire the UK-based sports betting and gambling company Entain. Entain has a 50% stake in BetMGM and operates the Ladbrokes, PartyPoker, bwin, Sportingbet and Coral brands. CNBC’s sources report the offer is for $20 billion in DraftKings’ stock and cash. Investors quickly reacted to the news. Entain’s […]

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/OnlineGambling.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. […]