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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 …

Morris Bailey, a New Jersey real estate tycoon whose DGMB, LLC, owns Resorts Casino Hotel in Atlantic City, announced on Thursday a phased development to expand the Monmouth Park Racetrack grounds into a mixed-use destination. A rendering of what’s to come at Monmouth Park in New Jersey. The storied horse racetrack is being targeted by …

Australian sportsbook operator BlueBet said it’s withdrawing from the US market to focus on its sports betting business in its home country. An image from a BlueBet commercial. The company announced it’s leaving the US sports betting market. (Image: YouTube) The gaming company made the decision as part of its strategic review of its US …

Rush Street Interactive announced the launch of its new rewards platform, iRush Rewards, on Monday. The new program is aimed at making it easier for bettors to earn and redeem points, and to more readily identify what their current status is. A Rush Street Interactive advertisement. The company unveiled a new rewards program on Monday. …

On Thursday, the NFL extended its partnership with the National Council on Problem Gambling (NCPG) with a second multimillion-dollar donation. The NFL has extended its funding of the National Council on Problem Gambling with a $6.4 million pledge. The money will be used to strengthen programs designed to minimize problem gambling harms. (Image: Casino.org) The …

Sports wagering stocks, including DraftKings (NASDAQ: DKNG), are a relatively young asset class, but youth aside, the group is subject to clear seasonal trends. Those include the start of football season often acting as catalyst. A DraftKings billboard appears at Times Square in New York City. Analysts remain bullish on the stock and view football …