Business
February 22, 2022
Bally’s Special Committee Retained Macquarie as Financial Advisor
Omnichannel gaming and entertainment company Bally’s Corporation announced in a press release today the special committee decided to retain the services of current financial and legal advisors in consideration of the acquisition proposal of Standard General. Evaluating the Proposal The special committee of independent and disinterested directors Bally’s Corporation formed to evaluate the bid tabled […]
Casino
February 22, 2022
CDI Expands Live and Historical Horse Racing Geographical Reach
Racing, wagering and gaming entertainment company Churchill Downs Incorporated (CDI) announced today it entered into a definitive agreement to acquire assets of Peninsula Pacific Entertainment (P2E). Acquire Additional Scale The $2.485 billion acquisition deal will see CDI acquire all Peninsula assets in Virginia and New York and its operations of the Sioux City casino in […]
Business
February 22, 2022
DraftKings Plans to Grow Its Market Share in 2022
Following the “excellent “performance indicators recorded during Q4 2021, Boston-headquartered digital gaming and sports entertainment company DraftKings Inc. is optimistic about its growth in 2022. CEO and co-founder Jason Robins says the company has big plans to grow and reach new markets in the upcoming months. The Start of 2022 Was “Tremendous” Robins called the […]
Sports
February 22, 2022
Delaware’s January Sports Betting Stats Are Much Lower Than in 2021
The US sports betting industry is steadily growing, but that doesn’t mean there aren’t some bumps along the way now and then. The Delaware sports betting market is currently experiencing one such bumpy period. A Massive Year-on-Year Decline It was reported that the state of Delaware had seen a massive decline in sports betting handle. […]
Sports
February 22, 2022
Mandaloun Is Crowned the New 2021 Kentucky Derby Winner by the KHRC
The late Medina Spirit has been stripped of last year’s victory at the Kentucky Derby as the horse tested positive for a banned drug. The Kentucky Horse Racing Commission announced the news on Monday and with the disqualification, Mandaloun has been declared the new winner. Medina Spirit’s jockey, Bob Baffert, who is in a massive […]
Legal
February 22, 2022
Hawaii To Keep Gambling Off-Shore Until Common Sense Kicks In
For years, Hawaii lawmakers have discussed legalized gambling in the state. Also for years, they have repeatedly rejected the idea. Joining Utah, Hawaii is the only other state to prohibit all forms of gambling. It’s going to stay that way a little longer, too. Hawaii Rejects Gambling Proposals The Hawaii state legislature has declined to […]
Legal
February 22, 2022
Casino Kidnap Caper Ends in Jailtime for One of the Criminals
A man kidnapped from a casino in Maryland last year is still recovering from the incident. However, he will get a little satisfaction watching his abductors head to jail. The US Attorney’s Office of Maryland announced Friday that a DC man had pleaded guilty to participating in the kidnapping and subsequent robbery of the victim. […]
Legal
February 21, 2022
Bill in Connecticut Calls to Ban Greyhound Racing
A new bill introduced in Connecticut proposes to ban greyhound racing in the state. Bill 5174 Proposes to Prohibit Dog Racing in Connecticut Currently, more than 40 US states have already banned greyhound racing. While so many states declared the activity as illegal, some still offer it. One of those states is Connecticut. But if […]
Legal
February 21, 2022
Nebraska: A Bill Proposes Vending Machines for Lottery Tickets
A bill in Nebraska proposes to introduce lottery ticket sales via vending machines. New Bill Proposes Changes to Rules for Selling Lottery Tickets Nebraska is one of the US states that has restricted casino gambling to Tribal operators. The state also offers wagering on horse racing, as well as lottery. But the state’s current gambling […]
Casino
February 21, 2022
Pennsylvania’s January Casino Results Improve, Still Weaker
Pennsylvania continues to see a decline in its casino revenue that began in November last year and has been ever so subtly showing up on monthly results ever since. According to the Pennsylvania Gaming Control Board, casinos managed to raise $393.1 million in revenues in January. Compared to November, when the industry reached its last […]