Two months after Sheldon Adelson’s death, his signature Las Vegas casino has been sold. One of the Venetian’s new owners, Apollo Global Management, is responsible for the largest bankruptcy filing in casino industry history. Unlucky? The Las Vegas Sands had been looking to sell its Strip properties since October. The […]
Imagine owning a baseball card that not only features a big crease, but that’s lost some of the cardboard from the back after being pasted in a scrapbook – and then selling that card for more than $2.5 million. A famed T206 Honus Wagner fetched that price during a recent […]
When the Vegas Golden Knights announced they were partnering with Mexican sports betting pick service UpickTrade, it didn’t take long for social media to roundly criticize the deal. Within a matter of days, the NHL franchise took that criticism to heart, ending the relationship before it ever really began. On […]
Although it had been rumored for weeks, Professional Sports Authenticators’ practical doubling of the rate it charges to grade cards sent shockwaves through the sports card collecting community on Monday. Collectors Universe, PSA’s parent company, announced in November that it would sell the company for $700 million to an investor […]
This is the essential lure of MyRacehorse Stables for horse racing fans. Starting early next month, you can own a piece of Monomoy Girl for the price of a tank of gas or a nice bottle of wine. MyRacehorse Stable paid $300,000 to Spendthrift Farm for 51% of the racing […]
Three of Kentucky’s most powerful breeding farms filed suit in US District Court on Tuesday, seeking to end The Jockey Club’s stallion cap rule that limits stallions born in 2020 or later to 140 mares a year. The plaintiffs, Spendthrift Farm, Ashford Stud, and Three Chimneys Farm, also listed two […]
Churchill Downs Incorporated announced Tuesday that Arlington Park, one of North America’s most iconic race tracks, and the home of the Arlington Million, is up for sale. Through commercial real estate company CBRE Group, CDI opened the market for the 326-acre Arlington Heights, Ill., property, located in Chicago’s northwest suburbs. […]
Short-form video platform TikTok is rapidly building a foothold in the sports world, with two more deals linking the app to the UFC and professional soccer teams in the United States. On Friday, TikTok announced a multi-year deal with the UFC that will see the mixed martial arts promotion place […]
With less than a month of data in the books, betting receipts show that Michigan’s online poker tables are some of the most packed in the country.  PokerStars launched in the state on Jan. 29 as Michigan became the the fifth state to offer online poker options to bettors, joining […]
Even though he finished his brief, one-year minor league career with a .202 batting average, three home runs, and 51 RBIs, collectors now clamor for Michael Jordan’s baseball “rookie card.†That card, an insert in the 1991 Upper Deck baseball set that shows Jordan taking batting practice with the Chicago […]
Last week, I signed on the dotted line, paving the way to open a sports card store in my hometown of Cullman, Alabama. As I previously recounted for OG News readers, I’m jumping on the sports trading-card bandwagon. Even though some investors speculate this crypto-hot market will burn out soon, […]
With legislation legalizing historical horse racing (HHR) machines meandering toward his desk, Kentucky Gov. Andy Beshear told a virtual meeting of the Kentucky Horse Racing Commission Tuesday he will sign the bill “as fast as it reaches my desk.†Beshear told the commissioners he couldn’t sign Senate Bill 120 last […]
The top-selling online platform for trading cards says the industry reached new heights over the past year. Interest in sports cards and trading card games like Pokemon and Magic the Gathering has reached such a fervor that eBay decided to crunch the numbers for its first State of Trading Cards […]
Cricket and sports betting came up multiple times during Walt Disney’s earnings call on Thursday. It was a knuckleball for Disney analysts who normally focus on theme parks and movies. They failed to predict the impact of Disney’s newest revenue streams. Disney’s parks can’t operate at full capacity, due to […]
Over the past year, it’s gotten increasingly difficult to find new boxes of sports cards to open at a decent price. Retail products sell out as quickly as they are stocked, and hobby boxes sell for well over MSRP — sometimes even as preorders. But, the Dutch auctions on Panini […]
In a move illustrating the speed of Kentucky legislators when it comes to that state’s Thoroughbred horse industry, the Kentucky House of Representatives approved Senate Bill 120 on Thursday night, legalizing Historical Horse Racing (HHR) machines. The measure passed 55-38, two days after it cleared the Kentucky State Senate, 22-15. […]
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 […]
The Nevada Gaming Control Board released its official figures on Super Bowl 55 and, despite a global pandemic, gamblers fired away $136 million on various Super Bowl 55 bets. Overall, 184 different sportsbooks in Nevada banked $12.6 million when Tom Brady and the Tampa Bay Buccaneers upset the Kansas City […]
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 […]
It started as a simple Facebook Marketplace purchase for a listing of 1 million sports cards. Now, I’m in the process of opening the first sports card shop in my community in more than two decades. But first, let me backtrack … Market Boomed and Busted in the ’90s Like […]
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