Gambling Industry

Leeds United's celebrate a last-second goal which gave them a point in a 2-2 home draw to Brentford at the weekend. (Image: Twitter/diego_2llorente)

49ers Enterprises to Buy Leeds United for $530 Million

The ownership of the 49ers group has a deal in place to buy Premier League club Leeds United in a deal valued at more than $530 million. The Athletic reports that the San Francisco 49ers investment arm has the option to acquire 100% control of the Yorkshire club until January […]

Jockey John Velazquez aboard Kentucky Derby champion Medina Spirit, with owner Amr Zedan (far left), trainer Bob Baffert (yellow tie) and the rest of the horse's connections. Zedan and Baffert's attorneys issueed a statement maintaining the horse's positive drug test was due to an ointment. (Image: Jamie Newell/TwinSpires)

Baffert Attorneys: Test Proves Cream Caused Medina Spirit’s Positive Test

The attorneys for Medina Spirit’s owner and trainer, Amr Zedan and Bob Baffert, issued statements late Friday claiming that tests performed by a New York laboratory confirmed their position that the Kentucky Derby winner’s positive test for the corticosteroid betamethasone came from the ointment Otomax and not an injection. Baffert’s […]

Macau casinos (Image: Chris McGrath/Getty)

Junket Operator’s Arrest Drives Macau Casino Stocks Down

Macau casino stocks tanked this week after the arrest of 11 junket operators. Alvin Chau, Suncity Group Holdings’ CEO, was among those detained. The region’s casino stocks were already struggling due to new virus concerns, but the specter of more regulatory crackdowns pushed them lower still. During the ’08-’09 financial […]

A parlay card had won four football games in NFL Week 4 betting, but LeBron James and the Lakers killed the card when the team couldn’t cover the first half spread against Miami Heat. (Image: Getty)

Fenway Sports Group Pays $900M for Pittsburgh Penguins Majority Stake

Fenway Sports Group (FSG) plans to take a majority stake in the NHL’s Pittsburgh Penguins. The deal, which still needs NHL owners’ approval, is reportedly valued at $900 million. The Penguins will join Fenway Sports’ portfolio of teams that include the Boston Red Sox, the Salem Red Sox, Liverpool FC, […]

Failed Sports Betting Deals: DraftKings, Entain, WynnBet and Austerlitz

Failed Sports Betting Deals: DraftKings, Entain, WynnBet and Austerlitz

Over the past month, two big sports betting deals have gone bust. DraftKings dropped its $22 billion offer for Entain while, meanwhile, Wynn Resorts called off the merger of WynnBet with Austerlitz Acquisition. And in the blink of an eye, the red-hot sports betting market has started to cool. Once […]

Juventus is struggling on and off the pitch this season. (Image: Twitter/juventusfc)

Italy Finance Police Investigate Juventus over Transfer Activity

Italian finance authorities raided Juve’s offices in Turin and Milan, seeking papers relating to player moves between 2019 and 2021. Juventus is Italy’s most successful club, winning 36 Serie A titles. Juve is listed on Milan’s stock exchange and its largest shareholder is Exor. Anna Maria Loreto, a Turin prosecutor, […]

NLF QB Tom Brady and his wife Gisele Bundchen own stakes in FTX (Image; George Pimentel/Getty)

Latest Cryptocurrency Sports Deals Include LA Arena, Brady and Ohtani

The number of cryptocurrency deals in sports continues to climb. recently made headlines with a record-breaking $700 million naming rights deal for LA’s Staples Center. Meanwhile, the NFL’s Tom Brady and MLB’s Shohei Ohtani are cashing in with cryptocurrency hookups. In 2021, the value of cryptocurrencies soared. As a […]

Baltimore Ravens defeated Chicago Bears thanks to a Devonta Freeman last-minute TD. (Image: Twiter/ravens)

Bettor Turns $50 into $1.1M Thanks to Ravens’ Game-Winning TD

Devonta Freeman’s last-minute touchdown secured the Baltimore Ravens a narrow win over the Chicago Bears on Sunday. It also proved to be gold for a bettor who turned $50 into more than $1 million. The Ravens’ result was the final one the bettor needed to secure a $1,133,530.50 payout on […]

Moshe Hogeg talking to the Beitar Jerusalem fans before an Israeli league match. (Image: Twitter/middeeasteye)

Beitar Jerusalem Owner Arrested in Massive Crypto Fraud Case

The owner of Beitar Jerusalem in the Israeli Premier League has been arrested alongside seven others on charges of cryptocurrency fraud. According to the Israeli Police, the estimated worth of the fraud reaches hundreds of millions of U.S. dollars. Moshe Hogeg, the boss of Beitar, was held in the early […]

Formerly known as Fairmount Park, FanDuel Racing is ground zero for a battle between the Illinois Horsemen's Benevolent and Protection Association and Churchill Downs Inc. over whether CDI can operate its TwinSpires ADW in the state. (Image; Derik Holtmann/Belleville News-Democrat)

Illinois HBPA Rejects CDI’s Bid to Operate its ADW in the State

The board of directors of the Illinois Horsemen’s Benevolent & Protective Association rejected its consent for Churchill Downs Incorporated’s TwinSpires advance-deposit wagering (ADW) betting platform to operate in the state of Illinois. Under Illinois law, horsemen get consent rights for an ADW platform to operate in the state. State law […]

FanDuel Sportsbook will soon be offering live streams of tennis and some European soccer through its mobile betting app. (Image: Ed Scimia/

DraftKings and FanDuel Still Waiting for Nevada Approvals

DraftKings and FanDuel still don’t have licenses to operate in Nevada, but that’s not for lack of trying. Both sportsbook companies have submitted applications to the Nevada Gaming Control Board. Their applications, however, have been “pending” for a considerable amount of time. It seems strange that two of the biggest […]

PSG won 4-0 against Real Madrid in the Champions League, with Diallo starting for the French giants. (Image: Twitter/PSG_Feminines)

PSG Women’s Team Member Held in Violent Attack on Teammate

Paris Saint-Germain midfielder Aminata Diallo is in police custody after an assault on one of her teammates on the women’s team. An attack that occurred last Thursday led to Diallo’s arrest. The midfielder was taken into custody on Wednesday by the Versailles Police. 31-year-old Kheira Hamraoui, another midfielder, was allegedly […]

Independence Hall (right), held off Code of Honor in the Keeneland slop to win Saturday's Grade 2 Fayette. This final stakes race of Keeneland's Fall Meet helped the track bring in a record handle. (Image: Coady Photography)

Bettors Give Keeneland an 85th Anniversary Gift: Record Meet Handle

Keeneland threw itself an 85th anniversary party and horseplayers responded with a wagering gift: a record $181 million in all-sources handle for its just-concluded Fall Meet. The 17-day Fall Meet, which ran from Oct. 8-30, brought an all-sources handle of $181,009,626. That destroyed the previous mark of $164,680,229, set during […]