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The owners of Ellis Island Casino are suing F1 for monetary damages it claims to have suffered at the hands of last year’s inaugural Las Vegas Grand Prix. The grandstands Ellis Island erected in front of its property for Las Vegas Grand Prix viewing. (Image: Nevada Independent) The suit — filed last month but first reported on Friday by the Las Vegas Review-Journal — seeks more than $50,000 in compensation and also names Clark County and the State of Nevada as defendants. Ellis Island claims that the race, and the six months of setup and teardown on either side of it, impeded both employees and customers from accessing its property, …

On the back of a strong first-quarter earnings report, Sportradar (NASDAQ: SRAD) surged on Wednesday. Prior to that, shares of the sports betting data provider did a lot of nothing for an extended period of time. One professional money manager believes the stock’s best days are ahead. Sportradar participating in a gaming expo. A professional money manager is bullish on the stock. (Image: Front Office Sports) In an extensive Wednesday post on X (formerly Twitter), Radnor Capital — the pseudonym for a fund manager that wants to remain anonymous — said current sentiment on Sportradar stock could be similar to what was seen with DraftKings (NASDAQ: DKNG) a couple of …

The ringleader of a hardcore faction of Hong Kong pro-democracy protestors gambled away HK$300K (US$38K) that he was supposed to spend on bombs and weapons. A gas mask-wearing anti-government protestor flings a tear gas canister back at the police during demonstrations in 2019. The Dragon Slaying Brigade was the “most violent” of protest groups, according to local media. (Image: SCMP) Wong Chun-Keung is the former ringleader of the “Dragon Slaying Brigade,” which plotted to attack police with firearms and explosive devices at the height of the 2019-20 anti-government demonstrations in Hong Kong. ‘Kill Police’ Now cooperating with authorities in a bid for a reduced sentence, Wong admitted during a court …

The PGA Championship is the first of golf’s four majors to announce a sports betting partnership with a sportsbook operator. The Wanamaker Trophy at Valhalla Golf Club in Louisville. ESPN Bet will serve as the “Official Sports Betting Sponsor” of the PGA Championship through at least 2026. (Image: Casino.org) The PGA of America and Penn Entertainment, the latter being the parent company to Penn Interactive and ESPN Bet, on Tuesday announced a sports betting partnership for the second golf major of the year. The PGA Championship is set for May 16-19 at Valhalla Golf Club in Louisville. ESPN Bet will serve the PGA of America as its “Official Sports Betting …

A new Change.org petition calls on the Clark County Commission to deny a special use permit to F1, which is scheduled to stage its second Las Vegas Grand Prix on the Las Vegas Strip from November 21-23. Las Vegas small business owners who claim $30M in revenue losses are attempting to stop the goliath F1 Las Vegas Grand Prix, which claimed an economic impact of $1.5B last year, using a petition. (Image: Creative Commons) “Stop the Las Vegas Grand Prix (F1)” was filed on May 3 by Lisa Mayo-DeRiso, a public relations consultant representing at least six business owners claiming severe losses resulting from last year’s race preparations. So far, …

“I think this is one of the things that would bring attention to our unit, not only in the public’s eyes, but also as far as the commissioner and even possibly the legislature.” So wrote Iowa Division of Criminal Investigation (DCI) Special Agent Christopher Adkins in a 2023 email to two colleagues investigating underage gambling on college campuses. Eyioma Uwazurike, pictured above playing for the Denver Broncos, is just one former Iowa college athlete whose career hangs in the balance after the DCI investigation. (Image: Sky Sports) Adkins was right that the case would bring attention to the DCI’s Sports Wagering Unit, but not in the way he might have …

Colorado voters could decide this November to lift the cap — currently $29 million — on sports wagering taxes that are directed to water projects in the state. Colorado Gov. Jared Polis (D) speaks at a 2021 press conference. Colorado voters could consider a measure to raise the cap on sports betting taxes directed to water projects. (Image: Associated Press) House Bill 24-1436 (HB 24-1436) has bipartisan support in both houses of the Colorado legislature. If passed, it could lead to a ballot question being put to voters this November that would allow for that $29 million figure being raised. Concerning the referral of a ballot issue related to the …

The first retail sportsbook bearing the ESPN Bet name opened Wednesday at Penn Entertainment’s Hollywood Casino at Greektown in downtown Detroit. Hollywood Casino at Greektown in Detroit. The first ESPN Bet sportsbook opened there on April 24. (Image: Penn Entertainment) Penn has been using the ESPN brand on its mobile sports wagering platform since last November after inking a 10-year, $1.5 billion deal with Walt Disney last August. Michigan is one of the 18 states in which ESPN Bet is available. The ESPN BET sportsbook and restaurant offers guests approximately 4,500 square-feet of betting and dining space, with high-tech wagering kiosks, big-screen TVs, a 30’ video wall for the ultimate …

After a more than two-decade run holding high-level technology jobs at Walt Disney (NYSE: DIS), Aaron LaBerge is joining Penn Entertainment (NASDAQ: PENN) as chief technology officer (CTO). The ESPN Bet logo. Operator Penn Entertainment hired former Disney executive Aaron LaBerge as chief technology officer (CTO). (Image: ESPN Bet) The regional casino operator made the announcement earlier today, though some media outlets reported LaBerge left Disney for unspecified personal reasons. In his role as Penn CTO, LaBerge will report directly to CEO and President Jay Snowden. In his new role, Mr. LaBerge will be responsible for driving the technology strategy and execution for PENN, while leading the multinational team of …

The ESPN Bet mobile sports wagering application, which went live last November, is likely to post a larger-than-expected first-quarter loss, thus acting as an overhang on shares of parent Penn Entertainment (NASDAQ: PENN). The exterior of Hollywood Casino Columbus in Ohio. An analyst says ESPN Bet is weighing on Penn Entertainment stock. (Image: USA Today) That’s the take of Deutsche Bank analyst Carlo Santarelli who in a Monday report to clients, trimmed his price target on the stock to $19 from $22 while maintaining a “neutral” rating. The price forecast implies upside of 14.8% from Tuesday’s close and is well below the Wall Street consensus price outlook of $26.51. While …