Latest betting industry updates and major developments.
Famously, at the height of the euro crisis in the summer of 2012, then head of the European Central Bank Mario Draghi issued a clarion call to the world’s investment community: The bank would do “whatever it takes” to ensure the stability of the single currency.
States are scrambling to plug budget holes caused by the novel Coronavirus shutdowns. One revenue opportunity is gambling expansion, which was already a hot topic in state legislatures before COVID-19. But gambling policy isn’t something states should rush into.
The big news in the legal US online gambling market this morning is Golden Nugget is slated to join DraftKings as a publicly traded US online gambling company.
When the World Series of Poker kicks off in July, it will be quite different than any of the previous incarnations of the storied WSOP tournament series. Because of the novel Coronavirus, the entire series is taking place online.
For the first time since its inception, the World Series of Poker will not take place in Las Vegas. Well, not entirely, as this time around, the most prestigious tournament series in poker will be held exclusively at online poker sites.
The expectation is Coronavirus’s shutdown of the US casino industry will hasten the spread of online gambling across the country.
DraftKings’ debut under the DKNG US ticker on Nasdaq is a significant step forward for the entire global betting and gaming sector, not least because it gives an indication of the potential value of US-facing business units within various European listed entities.
DraftKings, which at different points in its eight years seemed poised to take over American sports and at others fold entirely, reached a new milestone in its circuitous existence when it began trading publicly Friday.
More than two dozen horse racing trainers, veterinarians and others were indicted on Monday for their roles in a scheme that federal investigators describe as a “systematic and covert administration of illegal performance-enhancing drugs (“PEDs”) to racehorses competing across the United States and abroad.”
We’re approaching the two-year anniversary of the Supreme Court striking down PASPA, and my oh my, how things have changed since May 14, 2018.
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