No signs of slowing down for sports betting, industry leaders say

No signs of slowing down for sports betting, industry leaders say

A DraftKings Sportsbook logo is posted on the right field wall of Chicago’s Wrigley Field before a game between the Chicago Cubs and Philadelphia Phillies on Sept. 27, 2022.  John J. Kim | Tribune News Service | Getty Images Sports betting is continuing its integration into modern sports culture, and industry leaders do not expect … Read more

Workers take their quest to ban smoking in Atlantic City casinos to a higher court

Workers take their quest to ban smoking in Atlantic City casinos to a higher court

ATLANTIC CITY, N.J. — Workers seeking to ban smoking in Atlantic City’s casinos on Friday asked an appeals court to consider their request, saying a lower court judge who dismissed their lawsuit did so in error. The workers, calling themselves Casino Employees Against Smoking Effects, filed an appeal of a Superior Court judge’s dismissal of … Read more

Judge allows smoking to continue in Atlantic City casinos, dealing blow to workers

Judge allows smoking to continue in Atlantic City casinos, dealing blow to workers

ATLANTIC CITY, N.J. — A judge on Friday allowed smoking to continue in Atlantic City’s casinos, giving some measure of relief to the city’s struggling casino industry while rebuffing workers who have long sought to be able to breathe clean air on the casino floor. The ruling by Superior Court Judge Patrick Bartels represented a … Read more

DraftKings reverses plans for a user tax as FanDuel wows Wall Street

DraftKings reverses plans for a user tax as FanDuel wows Wall Street

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting and online gaming. But it was the declaration that FanDuel will not add a surcharge to offset an … Read more

DraftKings to tax winning bets in some states in a bid to boost profit

DraftKings to tax winning bets in some states in a bid to boost profit

Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year it will implement a gaming surcharge on winning bets in states … Read more

Penn lays off about 100 employees as it focuses on ESPNBet growth

Penn lays off about 100 employees as it focuses on ESPNBet growth

The ESPN Bet app on a smartphone arranged in New York, US, on Thursday, Feb. 22, 2024.  Gabby Jones | Bloomberg | Getty Images Penn Entertainment will lay off about 100 employees as it focuses on growth for ESPNBet. CEO Jay Snowden told staff members in an internal email that the changes will enhance operational … Read more

After reshaping Las Vegas, The Mirage to be reinvented as part of a massive Hard Rock makeover

After reshaping Las Vegas, The Mirage to be reinvented as part of a massive Hard Rock makeover

LAS VEGAS — The Mirage is about to vanish from the Las Vegas Strip. Gambling ends and the doors close Wednesday at the iconic tropical island-themed hotel-casino that opened in 1989 with a fire-spewing volcano outside, and Siegfried & Roy’s lions and dolphins inside. Frenzied final days have seen standing-room crowds wagering to win $1.6 … Read more

FanDuel, DraftKings prepare for gambling rise

FanDuel, DraftKings prepare for gambling rise

The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics. Sopa Images | Lightrocket | Getty Images Sportsbooks and daily fantasy operators are preparing for a Summer Olympics bump. The games in Paris, set to start July 26, will … Read more

No fooling: FanDuel fined for taking bets on April Fool’s Day on events that happened a week before

No fooling: FanDuel fined for taking bets on April Fool’s Day on events that happened a week before

ATLANTIC CITY, N.J. — It might have seemed too good to be true, but there it was, and on April Fool’s Day, no less: One of the country’s leading sports books was taking bets on mixed martial arts fights that had already happened a week earlier. FanDuel accepted 34 bets on the fights that were … Read more

What we know so far about U.K. Tories and election gambling allegations – National

What we know so far about U.K. Tories and election gambling allegations – National

The United Kingdom’s gambling watchdog is investigating candidates from that country’s Conservative Party as well as the party’s campaign chief and a bodyguard for British Prime Minister Rishi Sunak over allegations they bet on the upcoming British election. The news comes just weeks before voters head to the polls. The scandal unfolded quickly and resulted … Read more