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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 …

Notre Dame’s athletics department on Thursday banned its men’s swimming team for one year for violating NCAA and the school’s sports gambling rules. The University of Notre Dame has suspended its men’s swimming team for a season after an investigation determined that a majority of the team’s swimmers participated in a rogue sports betting pool. …

Shares of DraftKings (NASDAQ: DKNG) closed higher by almost 2% Wednesday on volume that was more than double the daily average after the company reversed course on a previously announced plan to tax winning sports bets in four high-tax states. DraftKings stock is highlighted at the Nasdaq market site in New York City. Analysts defended …