Phil Ivey turned 40 this past February, making him eligible for the Poker Hall of Fame. The 10-time WSOP bracelet winner is expected to be a near-unanimous selection. Poker fans […]
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Churchill Downs racetrack plans to add a $50-$60 million historical racing venue at its nearby Trackside training track property, and Churchill Downs Inc. plans to produce those historical racing machines.
Horseracing, casino and social gaming operator Churchill Downs Inc. (CDI) has been given the green light to launch pseudo-slot ‘instant racing’ machines in Kentucky.
On Tuesday, the Kentucky Horse Racing Commission granted initial approval to a plan that will see CDI add up to 600 ‘instant racing’ gaming machines to a new purpose-built venue at its Trackside training location in Louisville, not far from the Churchill Downs track that hosts the annual Kentucky Derby race.
CDI says it plans to commence construction of the new $50m to $60m venue later this summer and hopefully welcome its first instant racing customers in summer 2018. CDI’s Kevin Flannery said the company opted not to install the machines at its flagship Louisville racetrack due to space limitations.
Instant racing, sometimes referred to as historical racing, involves machines that play simulated videos of real-life races from days gone by with all identifying information stripped out before players place their wagers. The machines have been controversial wherever they’ve been introduced due to their pure-chance-outcome resemblance to standard slot machines, which many states have yet to approve.
The US Federal Trade Commission wants to stop a pending merger between daily fantasy sports giants DraftKings and FanDuel. Should the two companies merge, the two sites would control more […]
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Foxwoods Resort Casino has partnered with the CT Lottery to launch Connecticut’s first casino-branded scratch ticket.
The Mashantucket Pequot Tribal Nation recently announced the new Foxwoods High Roller scratch ticket, which marks the first time the CT Lottery has partnered with either of the state’s tribal gaming operators. The High Roller’s launch coincides with Foxwoods’ 25th anniversary celebrations and offers hope that rival gaming sectors don’t always have to view each other as cannibalistic competitors engaged in a Darwinian fight for survival.
The High Roller offers players the chance to win instant prizes as well as top prizes of $125k, along with VIP overnight stays at the casino. Even losing tickets will soon be eligible for Second Chance drawings at the casino for the “Wonder Of It All’ Weekend Experience.
Foxwoods CEO Felix Rappaport said the cross-promotional tie-up with the CT Lottery brought together “two of the best gaming brands in the state” as part of the casino’s commitment to “providing our guests with innovative and fun ways to win in 2017 and beyond.”
Topped by the sale of German group 2-placed Lockheed (GB), Goffs reported a dozen horses sold for gross receipts of £4,525,000 (US$5,060,760) at its fourth London Sale held June 19 at The Orangery, Kensington Palace.
For the first time in some 30 years, Keeneland has tweaked the commission structure for all of its auctions.
Honors were received at the American Horse Publications’ annual conference.
Royal Ascot has partnered with The Stronach Group and Xpressbet as their preferred U.S. betting site.
Some people play poker to escape the droll of a traditional work week. But any semblance of a relaxing weekend was over by Monday, the 20th day of the 2017 […]
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Investment in Russia’s far east Primorye gaming zone has “stalled” due to the wide variety of easier accessible gaming options in the region, according to a local academic.
Monday brought word that Diamond Fortune Holdings had broken ground on its Primorye casino project Selena, the first phase of which could potentially open as early as 2019. The announcement was welcome news for a gaming zone that has seen as many developmental setbacks as it has positive developments.
On Tuesday, Federal Press published an interview with Institute of International Business and Economics academic Aleksandrom Latkinym on why Primorye was having such a hard time building its casino market. At present, only Lawrence Ho’s Tigre de Cristal casino has opened to the public – and it’s having trouble competing with local basement casinos, let alone established Asia-Pacific rivals – while NagaCorp’s Lighthouse project isn’t expected to open until late 2018.
Latkinym suggested investment has stalled because gamblers have too many other regional casino options where “conditions are better than in Russia,” with a “wider range of services and cheaper hotels” that are also far easier to access than the infrastructure-challenged Primorye zone outside Vladivostok on Russia’s eastern coast.
The Thoroughbred Owners and Breeders Association is hosting an Ownership Seminar on July 15 at the Indiana Grand Racing and Casino in Shelbyville, Ind.
The Philippines’ gaming regulator has issued its first warning regarding an unapproved online gambling technology provider.
On Monday, the Philippine Amusement and Gaming Corporation (PAGCOR) issued a cease-and-desist order to all its Philippine Offshore Gaming Operators (POGO) regarding their use of gaming content from Eaglesky Technology Amusement and Gaming Company.
The C&D order states that Eaglesky “is not an accredited Service Provider under the POGO Rules and Regulations hence it cannot supply game contents [sic] to POGO Operators.” The order notes that Eaglesky, which is registered in the Philippines’ Clark Special Economic Zone, operates under the BBIN brand.
BBIN is a longtime supplier to the Asian online gambling industry, providing white-label technology to a client list that BBIN claims to top 500 operators in Asia alone. BBIN offers a full spectrum of products including sports betting, lotteries, as well as random number generated and live dealer casino games via both online and mobile channels.
The Philippines’ gaming regulator has issued its first warning regarding an unapproved online gambling technology provider.
On Monday, the Philippine Amusement and Gaming Corporation (PAGCOR) issued a cease-and-desist order to all its Philippine Offshore Gaming Operators (POGO) regarding their use of gaming content from Eaglesky Technology Amusement and Gaming Company.
The C&D order states that Eaglesky “is not an accredited Service Provider under the POGO Rules and Regulations hence it cannot supply game contents [sic] to POGO Operators.” The order notes that Eaglesky, which is registered in the Philippines’ Clark Special Economic Zone, operates under the BBIN brand.
BBIN is a longtime supplier to the Asian online gambling industry, providing white-label technology to a client list that BBIN claims to top 500 operators in Asia alone. BBIN offers a full spectrum of products including sports betting, lotteries, as well as random number generated and live dealer casino games via both online and mobile channels.
Daily fantasy sports operators DraftKings and FanDuel lost a combined $151m last year, according to leaked internal company documents.
On Tuesday, Axios published what it claimed were financial figures drawn from a 106-page document detailing the nuts and bolts of the planned merger of DraftKings and FanDuel. That merger looks increasingly doubtful after Monday’s announcement that the Federal Trade Commission (FTC) opposed the union due to competition concerns.
According to the Axios report, DraftKings’ own GAAP audited figures indicate the company generated revenue of $160m last year, while reporting an operating loss of $92m. As ugly as that reads, it pales in comparison to the staggering $509m loss DraftKings recorded in 2015, the year both DFS companies blanketed the television airwaves with marketing pitches.
FanDuel’s numbers are slightly less alarming, but fugly all the same. FanDuel’s revenue over the first 10 months of 2016 totaled $91m, while booking an earnings loss of $59m over the same period. Neither company was willing to comment to Axios regarding the internal document, although DraftKings offered slightly corrected figures for 2016.
Daily fantasy sports operators DraftKings and FanDuel lost a combined $151m last year, according to leaked internal company documents.
On Tuesday, Axios published what it claimed were financial figures drawn from a 106-page document detailing the nuts and bolts of the planned merger of DraftKings and FanDuel. That merger looks increasingly doubtful after Monday’s announcement that the Federal Trade Commission (FTC) opposed the union due to competition concerns.
According to the Axios report, DraftKings’ own GAAP audited figures indicate the company generated revenue of $160m last year, while reporting an operating loss of $92m. As ugly as that reads, it pales in comparison to the staggering $509m loss DraftKings recorded in 2015, the year both DFS companies blanketed the television airwaves with marketing pitches.
FanDuel’s numbers are slightly less alarming, but fugly all the same. FanDuel’s revenue over the first 10 months of 2016 totaled $91m, while booking an earnings loss of $59m over the same period. Neither company was willing to comment to Axios regarding the internal document, although DraftKings offered slightly corrected figures for 2016.
Order of St George is the overwhelming favorite in the sole group 1 event June 22 at Royal Ascot, the Gold Cup at 2 1/2 miles for 4-year-olds and up.
For the first time in some 30 years, Keeneland has tweaked the commission structure for all of its auctions.
Frankie Dettori will sit out this year’s Royal Ascot meeting with an arm injury sustained last week at Yarmouth.
Sheikh Mohammed’s Godolphin operation has been prominent in the headlines recently. At the conclusion of the June 20 Queen Anne Stakes (G1), Ribchester (IRE) put the royal blue silks in racing’s forefront for positive reasons.