Aside from running back Christian McCaffrey, the offense was a punchless bunch, with quarterback Cam Newton missing most of the season with an injured foot. Defensively, it finished next-to-last in points allowed. General manager Marty Hurney made massive changes during the off-season, starting with the hiring of Matt Rhule as […]
A field of nine is set to run in Friday’s Grade 1 Kentucky Oaks at Churchill Downs.
The sister race to the Kentucky Derby, the Oaks is a 1-1/8th mile race for 3-year-old fillies, and the top two choices come to Louisville taking different routes to get there. Bob Baffert-trained Gamine is the morning-line favorite, with even odds. She’s won three of her four races in her […]
Casino workers around the globe have been furloughed or terminated from their jobs. But Grand Lisboa Palace on Macau’s Cotai Strip has positions to fulfill.
SJM Holdings, the gambling empire of the late Stanley Ho, who died in May at the age of 98, finished construction on its massive $5 billion integrated resort (IR) in March. The sprawling complex features 2,000 hotel rooms in three distinct towers — The Lisboa Palace Hotel, Palazzo Versace Macau, […]
A Japanese bribery scheme has resulted in continuing criminal counts against Tsukaa Akimoto, a high-ranking politician who once shaped resort casino development in the East Asian nation.
48-year-old House of Representatives member was charged for the second time in an alleged money-for-perjury plot linked to China-based online gaming company 500.com Ltd. The Tokyo District Public Prosecutors Office claims Akimoto initiated a scheme where an acquaintance, Daisuke Matsuura, 51, attempted to bribe Katsunori Nakazato, 48, an ex-advisor to […]
Virginia lawmakers say the General Assembly remains committed to banning skill gaming machines next year, even as the terminals are providing the state with critical COVID-19 relief money in 2020.
The General Assembly considered banning the controversial gambling machines earlier this year. But amid the pandemic, lawmakers opted in April to allow the terminals to remain in certain businesses to help offset revenue losses caused by the coronavirus. House Bill 881, approved by the General Assembly and Gov. Ralph Northam […]
The ownership group of Sahara Las Vegas and Grand Sierra Resort and Casino in Reno has agreed to pay Nevada a $75,000 fine for violating COVID-19 health and safety regulations.
The Meruelo Group, the holdings conglomerate of Cuban-American billionaire Alex Meruelo, didn’t admit guilt in its settlement with the Nevada Gaming Control Board (NGCB). The company instead agreed that the state gaming regulator could meet its burden of proof to warrant a hearing before its superior, the Nevada Gaming Commission. […]
ZenSports set out to raise $1 million of seed funding, as the peer-to-peer sports betting marketplace sought capital for its expansion into the US market.
It ended up pulling in nearly $1.5 million. The figures show that it’s not just flashy stocks like DraftKings and Penn National Gaming that’s driving investors to sports betting and online gaming. The fundraising round, which occurred during the COVID-19 pandemic, included previous investors Cube Magic Gaming and LAUNCH, which […]
Penn National Gaming (NASDAQ:PENN) is rallying anew today, helped by an impressive financial forecast and more sell-side enthusiasm.
In a note to clients today, Rosenblatt Securities analyst Bernie McTernan boosted his price forecast on the gaming company to $90, the highest on Wall Street. As of Sept. 9, McTernan didn’t even follow Penn. He initiated coverage of the stock on Sept. 10 with a “buy” rating and an […]
DraftKings (NASDAQ:DKNG) stock is tumbling Monday after the daily fantasy sports (DFS) provider said it’s selling 32 million shares of equity to raise capital, and that it expects third-quarter revenue of $131 million to $133 million.
The company said sales increased 97 percent year-over-year, or 41 percent on a pro forma basis, assuming the midpoint of $132 million of the aforementioned range. In a filing with the Securities and Exchange Commission (SEC), DraftKings notes its hold rate during the first few weeks of the NFL season […]
African American and Asian American vice presidential running mate held her own.
While last night was a much more civil exchange compared with last week’s debate between President Donald Trump and former VP Joe Biden, there were many confrontational moments. Republicans claimed the seasoned, calm politician prevailed against a smirky VP candidate rookie. Democrats argued Harris was the victor for highlighting the […]