Gambling Industry

AEG founder Philip F. Anschutz poses with the team and the Stanley Cup after defeating the New Jersey Devils in Game Six of the 2012 Stanley Cup Finals at Staples Center on June 11, 2012 in Los Angeles, California. The Kings defeated the Devils 6-1 to win the series 4 games to 2.  (Image: Christian Petersen/Getty)

AEG Founder Selling LA Lakers Stake to Dodgers, Sparks Owners

Philip F. Anschutz is set to sell his stake in the NBA’s LA Lakers to LA Dodgers owners Mark Walter and Todd Boehly. Anschutz, founder of the entertainment and sports conglomerate AEG, owns 27% of the Lakers. The proposed sale still needs approval by the NBA’s Board of Governors. Assuming […]

David Robinson, former San Antonio Spurs

Michael Dell, Sixth Street Partners Join Spurs Ownership Ranks

Texas billionaire Michael Dell and the investment firm Sixth Street are the newest members of the San Antonio Spurs ownership group. Their combined 30 percent stake allowed other minority owners to cash out of their profitable Spurs investment. According to Forbes, the San Antonio Spurs franchise is worth $1.85 billion. […]

The Maine Legislature sent sports betting legislation to the governor this week, and they await to see if she will sign it after vetoing a bill last year. (Image: Portland Press Herald)

Maine Sports Betting Bill Awaits Governor’s Signature

Maine legislators finally crafted sports betting legislation amenable to most of the state Legislature, but now the bill may face its biggest stumbling block – Gov. Janet Mills. Lawmakers finalized the legislation during a special session last week. The sports betting bill would allow both online and brick-and-mortar wagers on […]

The Monmouth Park toteboard is due for some changes on the win-place-show side when fixed-odds wagering takes effect. New Jersey Gov. Phil Murphy is expected to sign the bill legalizing fixed-odds horse wagering in time for the July 17 Haskell Stakes. (Image: Seth Wenig/AP Photo)

New Jersey Legislators Pass Fixed-Odds Wagering in Time for Haskell

New Jersey took another step toward fixed-odds horse racing wagering on Monday when the bill legalizing that brand of wagering unanimously passed both legislative houses. After clearing the state senate 40-0 and the state assembly, 74-0-1, it now heads to Gov. Phil Murphy’s desk for his expected signature. The Thoroughbred […]

Dustin Johnson has Wayne Gretzky rooting for him. (Image Getty)

Wayne Gretsky, Steve Nash Join Vegas NLL Lacrosse Ownership Group

Wayne Gretzky, Steve Nash, and Dustin Johnson have joined the group owning the Las Vegas National Lacrosse League (NLL) team. Tony Tsai, owner of basketball’s Brooklyn Nets and New York Liberty, became the primary owner of the newest NLL team in May. Lacrosse is one of Canada’s most popular sports, […]

In 2014, (Image: Phil Parsons Racing)

NASCAR Cryptocurrency Sponsorships: Crashes and Cashes

NASCAR driver Stephan Parsons didn’t have much luck with his cryptocurrency-sponsored car. The “DogeCar” crashed on lap 71 during Saturday’s Xfinity race, but that won’t be the last of the DogeCar or NASCAR’s relationship with cryptocurrency. Cars have been sponsored by everything from adult diapers to rock bands. So, NASCAR’s […]

Cleveland Browns QB Baker Mayfield celebrates Jarvis Landry throwing a TD on a trick play against the Dallas Cowboys. (Image: John Kuntz/AP)

Ohio Sports Betting Moves Step Closer to Reality

After a long battle in the state Senate, a bill that would legalize sports betting in Ohio passed that state body of government this week. Senate Bill 176 passed by a nearly unanimous vote of 30-2, but only after numerous committee meetings and amendments molded it into legislation that was […]

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)

California Could Merge Fantasy Sports and Pari-Mutuel Wagering

Fantasy sports meets pari-mutuel wagering and spawns visions of an endless revenue stream for California. That’s the dream, and an actual possibility, by this coming August if a proposal by the California Association of Racing Fairs (CARF) gains traction with the California Horse Racing Board. CARF officials presented the proposal […]

Kentucky Derby winner Medina Spirit remains the focus of a legal battle over his urine sample. On Wednesday, a Kentucky judge allowed further testing on the colt. (Image: Churchill Downs/Coady Photography)

Judge Grants Baffert’s Request for More Testing of Medina Spirit’s Urine

Kentucky Judge Thomas Wingate granted permission on Wednesday for a urine sample of Kentucky Derby champion Medina Spirit to undergo extra testing at a New York lab. Blood-Horse first reported that Wingate, a Circuit Court Judge from Franklin, Kentucky, specified the details for the sample’s transfer from the Kentucky Horse […]

Bob Baffert filed suit against the New York Racing Association Monday, claiming the organization had no legal jurisdiction to suspend him. (Image: Charlie Riedel/AP File Photo)

Baffert Continues Legal Offensive, Sues NYRA Over Suspension

Remaining on the legal offensive, even as he keeps a low profile, Hall of Fame trainer Bob Baffert filed a lawsuit against the New York Racing Association Monday. The suit claims Baffert’s right to due process was violated when the organization suspended him. The Thoroughbred Daily News first reported that […]

Historic Horse Racing machines like these in Virginia are headed to Louisiana and New Hampshire, after both states approved legislation for the slot-like machines. (Image: Rosie's Gaming Emporium)

Louisiana, New Hampshire Latest States Welcoming HHR Machines

Two more states joined the Historical Horse Racing machine parade this week, when Louisiana and New Hampshire passed legislation approving HHR machines. On Tuesday, the Louisiana Senate passed SB 209 by a 32-3 vote. That gives off-track betting facilities license to install up to 50 HHR machines per OTB facility. […]

Medina Spirit trainer Bob Baffert (left) and owner Amr Zedan flank jockey John Velazquez as they hoist the Kentucky Derby trophy. Baffert and Zedan filed suit Tuesday to protect Medina Spirit's Derby victory. (Image: AP Photo)

Baffert, Zedan File Suit Seeking Extra Testing for Medina Spirit

Bob Baffert and Amr Zedan, the trainer and owner of Kentucky Derby champion Medina Spirit, went on the legal offensive Tuesday, filing a lawsuit against the Kentucky Horse Racing Commission. The suit, filed in Franklin Circuit Court in Kentucky, claims the KHRC’s ban on betamethasone applies only to injections and […]

New England Patriots Linebacker Kyle Van Noy pursues Carolina Panthers QB Cam Newton in 2018 in Charlotte, NC. (Image: Mike McCarn/AP)

Time Running Out on North Carolina Sports Betting Bills

With the end of the North Carolina Legislature’s 2021 regular session fast approaching, sponsors of bills that would authorize and regulate sports betting hope to see discussion of their legislation this month. The session is scheduled to end just before Independence Day. Lawmakers will return for a special session in […]

You'll see December post parades at Oaklawn Park this winter if the Arkansas Racing Commission approves the track's proposed meet extension. That would push Oaklawn's opening date from late January to early December. (Image: Coady Photography)

Oaklawn Park Proposes Meet Extension Into December

Oaklawn Park announced a proposal for a historic extension of its racing season Monday, adding December race dates to its calendar to create a 66-day season at the Arkansas track. Under the proposal, Oaklawn would open its meet Friday, Dec. 3, 2021 and run through Sunday, May 8, 2022. By […]