Business and Commerce

While many of the country's biggest tracks fell short of their 2019 handles, Remington Park in Oklahoma watched its handle hit nine figures for the first time in the track's 32-year history. (Image: Remington Park)

Despite Topsy-Turvy Year, Horseracing’s 2020 Handle Falls Only 1.3%

- 3 min read

Tracks closed, spectators were absent, and schedules were changed beyond recognition. Yet, amid a year unlike any other in Thoroughbred racing, the total 2020 US handle dipped only 1.3% from its 2019 totals. What was remarkable about that modest dip — from $10.871 billion in 2019 to $10.727 billion in […]

Four Online Sports Gambling Startups to Watch in 2021

Four Online Sports Gambling Startups to Watch in 2021

- 3 min read

The online gambling world took away a lot of lessons last year. Big mergers happened in 2020 and will continue to happen this year as corporations keep pushing for monolithic hegemony. In the US, states will continue to regulate and open for business to become the next New Jersey, Pennsylvania, […]

Allen Iverson has been one of Reebok's key assets. (Image: Reebok)

Reebok For Sale: Can Master P and Baron Davis Save the Iconic Brand?

- 3 min read

After 15 years, Adidas is throwing in the towel and putting Reebok up for sale. Hip-hop entrepreneur Perry “Master P” Miller and former NBA star Baron Davis think they can turn the iconic company around. Success won’t be a slam dunk, however, given Reebok’s hefty $2.4 billion price tag. Reebok […]

Not even his most devoted supporters saw Into Mischief enter the 2020s as North America's top stallion. The sire of Kentucky Derby winner Authentic captured that honor for the second consecutive year in a runaway. (Image: Coyle Photography/Spendthrift Farm)

Into Mischief Takes Top Stallion Honors for Second Consecutive Year

- 3 min read

That Into Mischief became North America’s leading stallion for the second consecutive year is borne out by facts that carry weight, heft and meaning beyond the breeding shed. Yes, there’s the $225,000 stud fee he commands. That hasn’t stopped would-be filly and mare owners from beating a path to his […]

This image of Tiz the Law pulling away from his foes in the stretch played out for the sixth and final time in August's Travers Stakes. The four-time Grade 1 winner and Belmont Stakes champion suddenly retired Wednesday after suffering bone bruses in his leg. (Image: Spencer Tulis/The Saratogian)

Tiz the Law Prematurely Retired After Injury During Workout

- 4 min read

Reigning Belmont Stakes and Travers Stakes winner Tiz the Law was retired to stud Wednesday, ending one of 2020’s most storied campaigns due to a veterinarian’s diagnosis. That diagnosis revealed bone bruises to his front leg bone. Those bruises were discovered when assistant trainer Robin Smullen noticed Tiz the Law […]

Kevin Durant celebrates during the Seattle SuperSonics' last home game as a Seattle SuperSonics' the Dallasgame in Seattle, Sunday, April 13, 2008. The Sonics won 99-95. (Image: John Froschauer/AP)

NBA Reveals Expansion Teams Likely: Seattle and Vegas Rumored

- 3 min read

Expansion would allow the NBA to pocket billions of dollars that it won’t have to share with players. That’s a tempting option for the cash-strapped league. It’s so tempting, in fact, that NBA Commissioner Adam Silver has changed his tune about keeping the league’s team count at 30. The NBA […]

Thunder Snow (right) captured the last two Dubai World Cups. The late March race kept its $12 million purse as undercard race purses were trimmed due to COVID-19. (Image: Erika Rasmussen/Dubai Racing Club)

Dubai World Cup Keeps $12 Million Purse, Slices Undercard Purses

- 2 min read

The Dubai World Cup announced this weekend it will retain its US$12 million purse for 2021, while, at the same time, cutting $8.5 million from its undercard purses. This keeps the March 27 Dubai World Cup as one of the richest races in the world. The late March event was […]

NBA Joins NFL in Decision to Wait Their Turn for COVID-19 Vaccine

NBA Joins NFL in Decision to Wait Their Turn for COVID-19 Vaccine

- 2 min read

The NBA gave its franchises and individuals a warning Christmas Eve that nobody in the league could cut in line for the first round of COVID-19 vaccines. In a memo released Thursday afternoon, the league made official their position on the FDA-approved Pfizer and Moderna vaccines, which started to be […]

Tennessee Shatters Online Sports Gambling Record in First Month of Operation

Tennessee Shatters Online Sports Gambling Record in First Month of Operation

- 2 min read

Tennessee jumped on the online sports gambling rally this fall, generating just over $131 million in its first full month of operation. The Volunteer State demolished Indiana’s opening month record of $35 million set in September 2019. November numbers released Wednesday from The Tennessee Education Lottery show the state also […]

As Under Armour has cut ties with both colleges and pros, pinning all its hopes on its new Curry Brand. (Image: Under Armour)

Shoes News: Nike Crushes Earnings, UA Pins Recovery on Curry Brand

- 2 min read

Nike beat earnings expectations for the quarter ended Nov. 30. The athletic apparel company was able to boost revenues by 9%, even in the midst of the pandemic. Meanwhile, Under Armour is hoping its new “Curry Brand” will guide it back toward growth. Predictably, most retail companies have struggled this […]

Charles Barkley has signed an agreement to become an official ambassador and spokesperson for FanDuel. (Image: Getty)

Betting on Barkley: FanDuel Announces Multiyear Partnership with Sir Charles

- 2 min read

Fans know Charles Barkley as an NBA legend, not to mention an outstanding analyst and personality on the “NBA on TNT” broadcasts. It is also well known that Barkley enjoys high-stakes gambling, perhaps even a bit more than he should. Considering both of those personas, FanDuel decided it found the […]

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