Penn and other sports betting equities surged on news that New York Gov. Andrew Cuomo (D) is softening his stance on online and mobile betting. However, Penn, DraftKings (NASDAQ:DKNG) and others that popped on those headlines quickly gave back hefty portions of those gains as Cuomo said he wants the state lottery to oversee mobile…
Because of the daily fantasy sports (DFS) boom several years ago, DraftKings and FanDuel were able to leverage that footprint to become two of the dominant online sports wagering providers in the US. This followed the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PAPSA). Among internet gaming entities, both enjoy…
The 300,000-member union alleges such donations allowed for racism, authoritarianism, white supremacy, and mob violence during the Trump presidency. The union also wants all gaming and hotel CEOs to cease donating to 145 Republican members of Congress who tried to block November’s presidential election results. Station Casinos, Union Been in Struggle for YearsFor several years,…
The accord between the Thoroughbred Owners of California, Del Mar Thoroughbred Club, The Stronach Group’s 1/ST Racing, and TVG means $15 million more for purses over the next two years. The move had been expected to the point Santa Anita Park previously upped its purses by 10 percent. At $533,000, the average daily purse now…
The Mashpee Wampanoag Tribe has been fighting for years for legal rights to build a $1 billion integrated resort casino in Taunton. The project, however, has been continually held up in courts. Maybank, one of the largest financial institutions in Southeast Asia, believes the tribe’s casino ambitions have a better chance with Biden in the…
Bayern Munich said on its official website on the 29th (Korea time), “Ito, the new player, is unlikely to be active for several weeks. He suffered a metatarsal fracture in a pre-season friendly match against Duren (1-1 draw).” He added, “It’s definitely a very bitter hit. We will do our best to support Ito to…
“I think this is the strength of our team.” San Diego Padres shortstop Kim Ha-sung spoke about his team’s persistence. San Diego lost 6-8 away to the Baltimore Orioles at Oriole Park at Camden Yards in Baltimore, Maryland on the 29th (Korea Standard Time). He allowed six runs in the third inning alone, dragging his…