The National Thoroughbred Racing Association Feb. 23 announced that Horse PAC, the Thoroughbred racing industry’s federal political action committee, has added Keith Chamblin to its board of directors.
Monthly Archives: February 2016
How a group of MIT students gamed the Massachusetts Lottery
The story of how a group of MIT students, as well as rival groups, legally gamed the Massachusetts Lottery by taking advantage of a unique in-state lottery game.Massachusetts, Retailer, Technology, General Interest, Ticket Machine
How a group of MIT students gamed the Massachusetts Lottery
The story of how a group of MIT students, as well as rival groups, legally gamed the Massachusetts Lottery by taking advantage of a unique in-state lottery game.Massachusetts, Retailer, Technology, General Interest, Ticket Machine
Ladbrokes posts first annual loss in a decade but CEO touts underlying growth
UK bookmakers Ladbrokes announced their first annual loss in a decade as the company fights to turn around its languishing digital operations.
In preliminary results released on Tuesday, Ladbrokes announced a pre-tax loss of £43.2m in 2015, a dramatic shift from 2014’s £37.7m profit. The numbers were dragged down by £50m in new UK taxes, thanks to the 15% online point of consumption tax and the 25% increase in the land-based Machine Games Duty.
Group revenue was up 3.2% to £1.2b but operating profit fell 36% to £80.6m thanks to those aforementioned taxes and expenses related to the company’s ongoing efforts to boost its digital offering.
Lads also suffered £99m of one-off charges due to the restructuring of its Irish retail operations and costs associated with the proposed merger with rival Gala Coral Group. The company says the merger is proceeding apace and it’s eagerly awaiting the UK competition watchdog’s initial report in April.
Ladbrokes posts first annual loss in a decade but CEO touts underlying growth
UK bookmakers Ladbrokes announced their first annual loss in a decade as the company fights to turn around its languishing digital operations.
In preliminary results released on Tuesday, Ladbrokes announced a pre-tax loss of £43.2m in 2015, a dramatic shift from 2014’s £37.7m profit. The numbers were dragged down by £50m in new UK taxes, thanks to the 15% online point of consumption tax and the 25% increase in the land-based Machine Games Duty.
Group revenue was up 3.2% to £1.2b but operating profit fell 36% to £80.6m thanks to those aforementioned taxes and expenses related to the company’s ongoing efforts to boost its digital offering.
Lads also suffered £99m of one-off charges due to the restructuring of its Irish retail operations and costs associated with the proposed merger with rival Gala Coral Group. The company says the merger is proceeding apace and it’s eagerly awaiting the UK competition watchdog’s initial report in April.
Stevens Calls Audible During Mor Spirit Work
Gary Stevens said he didn’t know grade I winner Mor Spirit was wearing earplugs when he jumped in to work him on the fly Feb. 23. After failing to get a response on the turn, he eased the Bob Baffert trained-runner.
Xpressbet New Title Sponsor of Florida Derby
Online wagering provider Xpressbet has signed on as the title sponsor of Gulfstream Park’s preeminent races for 3-year-olds, the Florida Derby (gr. I) and Fountain of Youth Stakes (gr. II).
Xpressbet New Title Sponsor of Florida Derby
Online wagering provider Xpressbet has signed on as the title sponsor of Gulfstream Park’s preeminent races for 3-year-olds, the Florida Derby (gr. I) and Fountain of Youth Stakes (gr. II).
Amaya says Scheinbergs reject any responsibility for $870m Kentucky damages
Canada’s Amaya Gaming says PokerStars’ former owners have rejected responsibility for the $870m judgment the Commonwealth of Kentucky was awarded shortly before Christmas.
On Monday, Amaya announced that it had filed a notice of appeal of that $870m judgment, which relates to PokerStars’ dealings with Kentucky customers in the period following the 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) and Stars’ forced exit from the US market following the 2011 Black Friday indictments.
Franklin Circuit Court Judge Thomas Wingate originally awarded Kentucky’s state government $290m in damages in November, only to treble that award the following month, as allowed by the centuries-old statute under which the state filed its claim.
At the time, Amaya announced it would seek to offload any damages on Isai and Mark Scheinberg, from whom Amaya purchased PokerStars’ parent company the Rational Group in 2014. Amaya now says it filed such a claim with the Scheinbergs in late January, seeking indemnification of the judgment in accordance with the 2014 sale agreement.
Amaya says Scheinbergs reject any responsibility for $870m Kentucky damages
Canada’s Amaya Gaming says PokerStars’ former owners have rejected responsibility for the $870m judgment the Commonwealth of Kentucky was awarded shortly before Christmas.
On Monday, Amaya announced that it had filed a notice of appeal of that $870m judgment, which relates to PokerStars’ dealings with Kentucky customers in the period following the 2006 passage of the Unlawful Internet Gambling Enforcement Act (UIGEA) and Stars’ forced exit from the US market following the 2011 Black Friday indictments.
Franklin Circuit Court Judge Thomas Wingate originally awarded Kentucky’s state government $290m in damages in November, only to treble that award the following month, as allowed by the centuries-old statute under which the state filed its claim.
At the time, Amaya announced it would seek to offload any damages on Isai and Mark Scheinberg, from whom Amaya purchased PokerStars’ parent company the Rational Group in 2014. Amaya now says it filed such a claim with the Scheinbergs in late January, seeking indemnification of the judgment in accordance with the 2014 sale agreement.
APNewsBreak: Powerball Dropped Revamp That Gave Better Odds
The group that runs the Powerball lottery game approved, then abandoned, changes that would have given ticket buyers more bang for their two bucks than the redesign recently implemented, The Associated Press has learned. Powerball managers changed the game’s odds in October to build bigger jackpots and revive lagging player interest.
APNewsBreak: Powerball Dropped Revamp That Gave Better Odds
The group that runs the Powerball lottery game approved, then abandoned, changes that would have given ticket buyers more bang for their two bucks than the redesign recently implemented, The Associated Press has learned. Powerball managers changed the game’s odds in October to build bigger jackpots and revive lagging player interest.
APNewsBreak: Powerball Dropped Revamp That Gave Better Odds
The group that runs the Powerball lottery game approved, then abandoned, changes that would have given ticket buyers more bang for their two bucks than the redesign recently implemented, The Associated Press has learned. Powerball managers changed the game’s odds in October to build bigger jackpots and revive lagging player interest.
No dramas as 'boring' Lotto jackpot winners wait a week to bank 32m
A couple who scooped a A 32.5 million rollover jackpot have said they may be the calmest Lotto winners ever after waiting a week to bank their windfall. Gerry Cannings, 63, and his wife Lisa, 48, from Deeping St James, near Peterborough in Cambridgeshire, matched their numbers in the February 13 draw.
No dramas as 'boring' Lotto jackpot winners wait a week to bank 32m
A couple who scooped a A 32.5 million rollover jackpot have said they may be the calmest Lotto winners ever after waiting a week to bank their windfall. Gerry Cannings, 63, and his wife Lisa, 48, from Deeping St James, near Peterborough in Cambridgeshire, matched their numbers in the February 13 draw.
Pearson plc's (PSON) "Sell" Rating Reaffirmed at Liberum Capital
‘s stock had its “sell” rating reaffirmed by analysts at Liberum Capital in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 450 target price on the stock.
Pearson plc's (PSON) "Sell" Rating Reaffirmed at Liberum Capital
‘s stock had its “sell” rating reaffirmed by analysts at Liberum Capital in a research report issued to clients and investors on Tuesday, Analyst Ratings Net reports. They currently have a GBX 450 target price on the stock.
KY Oaks After-Party to Benefit TAA
The Thoroughbred Aftercare Alliance has been named the charitable recipient of the 2016 Fillies and Lilies Party, to be held after the Longines Kentucky Oaks (gr. I) on Friday, May 6.
KY Oaks After-Party to Benefit TAA
The Thoroughbred Aftercare Alliance has been named the charitable recipient of the 2016 Fillies and Lilies Party, to be held after the Longines Kentucky Oaks (gr. I) on Friday, May 6.
Maryland Commission OKs Timonium OTB Parlor
The Maryland Racing Commission Feb. 22 gave the go-ahead to the Maryland Jockey Club to operate an off-track betting parlor at the Maryland State Fairgrounds in Timonium.