Online gambling revenue in the Canadian province of British Columbia enjoyed a record surge in the most recent fiscal year even before COVID-19 shut down land-based options.
On Monday, the British Columbia Lottery Corporation (BCLC) issued its annual report for the 12 months ending March 31, during which the Crown Corporation generated revenue of C$2.53b (US$1.94b), a 2.2% decline from fiscal 2018-19’s total. Net income fell 4.8% to just under C$1.35b.
BC closed its casinos in mid-March due to COVID-19, but this only negatively impacted the fiscal year’s final month. Nonetheless, BCLC’s ‘Casino & Community Gaming Operations’ reported revenue of C$1.83b, down 3.7% year-on-year, while net income dipped 5.5% to C$929.3m.
Slot machine revenue fell 2.3% to C$1.37b while table games fell 8.1% to C$417m. The table decline is slightly larger than the previous year, suggesting that the province’s post-scandal efforts to more properly observe anti-money laundering (AML) compliance continue to act as a drag on revenue.
Saipan casino operator Imperial Pacific International (IPI) threw another $103m onto the bonfire in the first half of 2020, while questioning the definition of ‘exclusivity’ in order to get out of paying its license fees.
On Monday, IPI released its interim results for the first six months ending June 30, during which revenue fell 93.3% year-on-year to just HK$26.7m (US$3.4m). The company booked an operating loss of nearly HK$53m while its actual losses hit HK$798m (US$103m).
Believe it or not, that’s actually a significant improvement over the nearly US$240m the company lost in H1 2019, and the improvement came despite IPI being forced to close its Imperial Palace casino in mid-March due to COVID-19. Perhaps IPI should choose not to operate any gaming whatsoever in the second half of 2020 in the hopes that it might break even.
IPI’s once vaunted VIP gambling business booked a net loss of HK$24.7m in H2 versus a HK$255m gain the previous year. Mass table game and electronic gaming revenue each fell by two-thirds to HK$32.8m and HK$12.8m, respectively.
Mark Breen’s Blame the Booze will stretch out in distance and switch surfaces in the $100,000 With Anticipation Stakes (G3T), a 1 1/16-mile Mellon turf test for juveniles Sept. 2 at Saratoga Race Course.
Odds courtesy of OddsShark.com
One small benefit of the coronavirus pandemic shutting down the NBA for around four months? Playoff basketball in September for the first time. Tuesday is the first day of September and there are two postseason games on the schedule from the ESPN World Wide of Sports Complex in the Orlando bubble.
The first game at 5:30 p.m. ET is the Eastern Conference third-seeded Boston Celtics as 1.5-point underdogs against the No. 2 Toronto Raptors in Game 2 of their conference semifinal series. Interesting line considering Boston largely dominated Game 1 in a 112-94 victory Sunday to improve to 4-1 against the Raptors this season.
Boston’s Jayson Tatum had 21 points and nine rebounds and Kemba Walker 18 points and 10 assists, but those two stars are expected to play well. The Celtics also got surprising contributions from Daniel Theis (13 points, 15 rebounds), Marcus Smart (21 points, six rebounds) and Robert Williams III (10 points, five rebounds in only 19 minutes off the bench).
On the eve of the U.S. Open, men’s tennis has been split, with a breakaway group of players insisting that they want to leave the ATP and form their own Players Council in protest at the treatment of players by the governing body of tennis.
Led by Novak Djokovic, the proposed Professional Tennis Players’ Association is in direct competition with the ATP Players Council, which Novak Djokovic quit to set up this independent player body.
Djokovic is also in direct conflict with the other two men who form the ‘Holy Trinity’ of male tennis legends – Rafael Nadal, Roger Federer and the Serbian himself. Both Nadal and Federer remain members of the Players Council in the ATP, and Andy Murray hasn’t joined the splinter group either.
That said, well over five dozen players have signed up, including players such as John Isner, and Vasek Pospisil, the Canadian being one of the players who are behind the PTPA too.
A trio of WSOP winners will await the delivery of gold in the post in the coming days after they booked wins on the WSOP 2020 Online Series, bagging hundreds of thousands of dollars in the process.
From a double-stack win to a turbo victory, the weekend had something for everyone to enjoy, especially the big winners on GGPoker.
Event #75 – Double Stack No Limit Hold’em
The $300-entry Double Stack Event #75 had a total of 3,552 entries, with almost a million dollars in the prizepool. Just 440 places were paid, and in the end it was Norwegian player Trygve Leite who triumphed against Italian Emanuele Monari to win his first-ever WSOP bracelet and claim the top prize of $130,100.
The Association of Racing Commissioners International released an updated list of rulings from the Arkansas Racing Commission Aug. 31 on which trainer Robertino Diodoro was cited three times for the prohibited use of two different Class 4 substances.
The live racing dates at Delaware Park that were previously canceled due to extreme weather conditions on Monday, July 20th and Wednesday, August 5th, have been rescheduled for Thursday, October 8th and Thursday, October 15th.
Tiz the Law has spent much of his 2020 season in the driver’s seat where divisional bragging rights are concerned and the son of Constitution will take that lofty status into his expected run in the Kentucky Derby at Churchill Downs.
With a forward placement and a bit of racing luck, Barbara Eakin and Shelly Nance’s Dance Money became the first winner for freshman stallion Majestic Harbor Aug. 31 at Indiana Grand.
Nearly a year after saddling his first grade 1 winner, Saffie Joseph Jr. will send out his first starter in the Kentucky Derby Presented by Woodford Reserve (G1), Ny Traffic, Sept. 5 at Churchill Downs.
Voodoo Justice won in her third career start by 5 1/2 lengths Aug. 30 at Indiana Grand Race Course.
NBC Sports presents the 146th Kentucky Derby this Saturday, Sept. 5 at 2:30 p.m. ET on NBC live from Churchill Downs in Louisville, Kentucky, as Belmont Stakes winner Tiz the Law aims to continue his run towards a most unique Triple Crown.
Gamine was made the even-money favorite after drawing post 5 for the Sept. 4 Longines Kentucky Oaks (G1). Swiss Skydiver, the 8-5 second choice, drew the rail.
Sean Tugel and Lakota Gibson have accepted new positions at Gainesway. Tugel was named director of stallion sales and recruitment, while Gibson will focus primarily on Gainesway’s sales and seasons.
Predicting market strength can be tricky, and reading the mood on the sales ground becomes even more of a challenge when prospective purchasers are clad in face masks, as was the case at Goffs UK ahead of the Premier Yearling Sale.
The Texas Lottery’s premier in-state jackpot game, Lotto Texas, has now gone 65 drawings without a top prize winner, generating a jackpot that is the largest the game has seen in more than a decade.Texas, Jackpots
Sports betting operator FanDuel has finally gone live in Illinois while signing a new gaming partnership with the PGA TOUR.
Last Friday, FanDuel officially launched its FanDuel Par-A-Dice Sportsbook app in Illinois, co-branded with the name of its Par-A-Dice casino partner in East Peoria, which is part of the Boyd Gaming family of land-based gaming venues.
While FanDuel had received a temporary betting permit from the Illinois Gaming Board (IGB) in July, Boyd didn’t submit its final paperwork until August 19. Given the IGB’s previous timetables, it appeared that FanDuel might not receive its ‘go live’ approval until a few days before the new NFL season kicks off on September 10.
Perhaps the IGB is simply getting better at an unfamiliar task, because FanDuel’s app has now joined rival DraftKings and Rush Street Gaming’s BetRivers app in accepting online wagers in Illinois. Bettors can even sign up online, at least until September 19, by which point Gov. J.B. Pritzker may flip-flop yet again on that score.
Enable looks unlikely to face anything like the kind of opposition she saw in the September Stakes (G3) two years ago when she heads back to Kempton for her final prep ahead of a historic fourth try at the Qatar Prix de l’Arc de Triomphe (G1).
Back in July, Calumet Farm’s Vexatious registered somewhat of a surprise when she finished second at 14-1 odds to the heavily favored Monomoy Girl in the Ruffian Stakes (G2) at Belmont Park.