Industry
October 6, 2021
Kentucky Lawmakers May Raise Taxes on Historical Horse Racing Machines
Lawmakers in Kentucky are discussing the option of raising taxes on the state’s well-known historical horse racing (HHR) games. These are machines similar to slots and bases the results on races that have already run. Although they have been operating in the state for more than 10 years without any setbacks, it wasn’t until last […]
Business
October 1, 2021
Churchill Downs Plans to Open a Gaming Venue in Louisville, KY
The owner of the Churchill Downs racetrack announced on Thursday that it is planning to make a move in downtown Kentucky by opening a new casino-style venue. Churchill Downs is well-known as the home of arguably the most popular horse racing event in the US – the Kentucky Derby. 500 Historical Horse Racing Machines will […]
Legal
September 22, 2021
Flutter Ends a Decade-long Legal Battle with Kentucky
A decade-long battle between the Stars Group, before its acquisition by Flutter, with the Commonwealth of Kentucky ended today. Flutter agreed to pay Kentucky $200 million in addition to a previously forfeited $100 million. The legal dispute dates back a decade when PokerStars allegedly offered online poker in Kentucky which was at odds with UIGEA. […]
Legal
September 1, 2021
Flutter Turns to US Supreme Court to Overturn Settlement Ruling
Global gambling group Flutter Entertainment petitioned the US Supreme Court, seeking a review of a $1.3-billion regulatory settlement for damages against subsidiary The Stars Group (TSG). Damages for Historical UIGEA Violations The petition relates to a December 2020 ruling of the Kentucky Supreme Court to reinstate a 2015 ruling against TSG made in the Franklin […]
Sports
August 11, 2021
Barstool Sports Can’t Play NIL Ball with University of Louisville Athletes
The NCAA has begrudgingly accepted the fact that college athletes have the right to monetize themselves. Until California passed a law two years ago that guaranteed state athletes could sell their images, the NCAA took in millions by controlling that right. California’s efforts opened the floodgates for Name, Image, Likeness (NIL) agreements to appear, and […]
Sports
June 3, 2021
Hall of Fame Racehorse Trainer Bob Baffert Banned by Churchill Downs
Bob Baffert is hoping that independent tests on his Kentucky Derby-winning horse will soon clear his name. Medina Spirit won the hugely popular horse race a month ago and, as standard practice, was submitted to a drug test. When the test returned an indication of steroids in the horse’s system, another test was administered, reaching […]
Legal
May 28, 2021
Kentucky Committee to Examine Pari-mutuel Wagering Tax
A new Kentucky committee will examine the pari-mutuel wagering tax and legislators will debate whether or not it is too low. A New Committee in Kentucky to Examine Pari-Mutuel Tax A committee established this year will focus on the examination of pari-mutuel wagering tax in Kentucky. The committee’s co-chairs are state Rep. Adam Koenig and […]
Casino
May 24, 2021
Raids on Illegal Gambling in Kentucky Leads to 4 Arrests
Police and federal officers in Nicholasville, Kentucky, apprehended four individuals in relation to illegal gambling operations in the state. Efforts to Stop Illegal Gambling Ongoing Crackdowns on unlicensed and unregulated gambling businesses in the United States continue spearheaded by the FBI and local law enforcement. Last week, FBI agents and the Nicholasville Police Department executed search warrants that led to the […]
Sports
May 10, 2021
Kentucky Derby Winner Fails Post-race Drug Test, May Be Disqualified
Kentucky Derby winner, Medina Spirit’s allegedly tested positive for betamethasone in a post-race blood test. In a statement, Churchill Downs revealed that if the findings are upheld, Medina may be disqualified and Mandaloun may take the winner’s place. Medina Spirit Allegedly Tests Positive for an Anti-inflammatory Drug The Kentucky Derby was won by Medina Spirit […]
Legal
April 23, 2021
Kentucky Judge Rules $100m Bond Payment in PokerStars Case
A Franklin Circuit Judge has ruled out against PokerStars and ordered the $100 million in bonds placed with insurers to be paid to the state of Kentucky. Kentucky Judge Sides with State in PokerStars Penalty Kentucky is determined to seek interest payments from Flutter Entertainment, the present owner of PokerStars, for the card room’s operations […]