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bet365 has selected Denver as its US headquarters and plans to hire nearly 1,000 people in the years ahead in Colorado’s largest city. bet365’s sign promoting betting at an Australian cricket match. The company announced Denver as its US headquarters, saying it will fill nearly 1,000 jobs there. (Image: Getty Images) The UK-based gaming giant …

They’re direct competitors, but when it comes to FanDuel parent Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), what’s good for one can benefit the other. A DraftKings billboard appears at Times Square in New York City. Analysts believe good news from rival FanDuel is benefiting DraftKings, too.(Image: NASDAQ) That was the case Wednesday when …

Fanatics is reportedly considering selling equity to employees at a $25 billion valuation, a hefty discount to the $31 billion the company was valued at following a December 2022 funding round. The Fanatics Sportsbook logo. The company is rumored to be considering the sale of equity to employees at a $25 billion valuation. (Image: Fanatics) …

Two Pennsylvania casino owners have decided to shutter the oldest horse racetrack in the country in neighboring New Jersey. A photograph shows live harness racing in Freehold, NJ. The photograph is believed to be from 1905-1910. Two Pennsylvania casino operators that own the Freehold Raceway, the oldest horse racetrack in the United States, plan to …

DraftKings is betting big that Missouri voters in November will back Amendment 2, a ballot referendum that would authorize retail and online sports betting in the Show-Me State. The Gateway Arch in St. Louis, Mo. The Missouri sports betting referendum campaign has received another $5 million from DraftKings. (Image: Shutterstock) The Boston-based sportsbook leader this …

UFC 306, the first sports event held at the Las Vegas Sphere, generated the highest gross revenue that either the venue or the UFC has ever seen. According to UFC, the 10-fight spectacle earned $22 million in gate receipts, handily trouncing the $17.7 million gross earned by UFC 205 in 2016. The Octagon is enveloped …

UFC 306, scheduled for Saturday, September 14, will be the first sports event held at the Las Vegas Sphere. It could also be the last if a lesson is to be learned from UFC CEO Dana White’s admitted mistake. With production costs mounting and ticket prices in freefall, UFC 306 (aka Riyadh Season Noche) will …

After quickly abandoning a plan to tax winning bets in states with high sports betting taxes, DraftKings (NASDAQ: DKNG) CEO Jason Robins says the company is seeking workarounds in jurisdictions with burdensome tax structures. DraftKings CEO Jason Robins at an industry conference. He said the company is examining alternatives to surcharges to deal with high …

Ellis Island in Las Vegas suffered a setback in its lawsuit against F1 on Thursday when the racing giant won three dismissals from a Clark County judge. There is no paving over the grievances held by Las Vegas businesses harmed by construction for last year’s inaugural F1 Las Grand Prix. (Image: Creative Commons) The off-Strip …

Kambi Group Plc (OTC: KMBIF), a provider of technology services to sportsbook operators, denied that it’s engaged in takeover discussions with Genius Sports (NYSE: GENI). A Kambi booth at an industry convention. The company denied it’s in takeover talks with Genius Sports. (Image: Kambi) Speculation recently surfaced that Genius, a data provider to sportsbooks, was …