News

DraftKings’ (NASDAQ: DKNG) recently announced surcharge on winning sports bets in four states could generate up to $270 million in added gross gaming revenue, according to an estimate by Eilers & Krejcik Gaming (EKG). Inside DraftKings’ Nevada office. The company’s surcharge plan could be a revenue generator, but it carries risks, says a research firm. …

Kentucky-based Churchill Downs, Inc. is putting the finishing touches on its $460 million gaming resort in Virginia’s Dumfries. In anticipation of its impending opening, Churchill Downs is aggressively marketing the casino to residents in affluent Northern Virginia. An aerial view of The Rose Gaming Resort, a $460 million development from Churchill Downs. The casino, which …

Broadly speaking, it’s been a rough year for gaming equities, including those that came public via reverse mergers with special purpose acquisition companies (SPACs), but Codere Online Luxembourg (NASDAQ: CDRO) stands out. Codere’s sign when it launched on NASDAQ in December 2021. The stock is one of this year’s top performers among de-SPACed gaming names. …

Caesars Entertainment brass revealed during the company’s Tuesday evening call with investors and analysts that it will soon deploy its Horseshoe brand online. Caesars Entertainment will launch its next online casino brand by way of Michigan in September 2024. Company officials said this week the Horseshoe brand is moving to the internet. (Image: Caesars Entertainment) …

Hailey Welch, now colloquially known as  the “Hawk Tuah girl,” filed a variety of trademark applications earlier this month, including one for “Bet On That Thang.” The filings were made by 16 Minutes LLC, a Tennessee-based limited liability corporation that appears to be named as a reference to “15 minutes of fame.” Welch is from …

Churchill Downs Inc. has lifted its ban on trainer Bob Baffert from racing his horses at their tracks. That’s after the Horse Racing Hall of Famer issued a statement accepting responsibility for Medina Spirit’s positive drug test after winning the 2021 Kentucky Derby. Bob Baffert with Medina Spirit in 2021. The horse won that year’s …

The Professional Pickleball Association this week announced a partnership with Integrity Compliance 360 (IC360) to monitor its PPA Tour for fair play better. The Professional Pickleball Association has partnered with Integrity Compliance 360 for sports betting monitoring. The PPA hopes more state gaming regulators will allow its tour to be included in the permissible events …

Penn Entertainment (NASDAQ: PENN) is planning layoffs at its Penn Interactive arm, which includes the ESPN Bet online sports wagering unit. An image from an ESPN Bet tutorial. Operator Penn Entertainment is laying off workers at its Penn Interactive unit. (Image: YouTube) The number of jobs to be eliminated wasn’t announced, and the news was …

A Native American tribe in Colorado that holds a Class III gaming compact with the state is suing Gov. Jared Polis (D) and Colorado Gaming Division Director Christopher Schroder for how they rolled out sports betting in The Centennial State. An advertisement for the now-defunct online Sky Ute Sportsbook. The tribe behind the internet wagering …

MGM Resorts International is the first casino operator in the history of the famed New York Yankees to become a “Proud Partner” of the iconic MLB franchise. The New York Yankees and MGM Resorts International have teamed up to provide MGM Rewards members and baseball fans with exclusive events and promotions. MGM signage will also …