Business & Financial
Churchill Downs Inc. Net Revenue Climbs 40 Percent
Churchill Downs Inc., owner of Churchill Downs in Louisville, Ky., home of the Kentucky Derby, reported net income of net income of $65.2 million in 2015, up 40.5 percent compared with net revenue of $46.4 million in 2014, according to financial statements released late on Wednesday.
Total revenue during the year was $1.212 billion, thus breaking a company record.
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Virginia Poised to Allow Daily Fantasy Sports
DraftKings and FanDuel could soon find a home in Virginia with that state’s lawmakers looking favorably at the new Daily Fantasy Sports sector.
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“Fantasy sports have become very popular in my district and across the commonwealth,” said Senator Ryan McDougle. “Over a million individuals play fantasy sports now just in Virginia.”
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PokerStars Former Owners Won’t Release $300 Million in Escrow Monies
Amaya’s fight against a potential $870m payout to the Commonwealth of Kentucky has taken another turn after PokerStars former owner, the Rational Group, refused to allow $300m held in escrow to be retained against the potential fine. The Rational Group was founded by Israeli-Canadian Isai Scheinberg.
Borgata Finds New Online Poker Partner in GAN
Atlantic City’s Borgata Casino has ended its relationship with Bwin.party and joined forces with UK-based GAN, formerly known as GameAccount Network. Through GAN, Borgata will continue to offer online poker and casino games to residents and visitors of New Jersey.
Since its inception, the Borgata online poker site has ranked as the biggest revenue generator in the state.
Mobile Gambling Could Make Men Infertile
Mobile gambling can cause a man to become infertile according to a new study.
It’s not the gambling per se, but the mobile aspect.
But this recent study is enough to send a chill through most men’s vein… but more so their ***sacks.
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Sands China Profit Falls Dramatic 43 Percent
Bad news for Sands China as the casino giant run by Sheldon Adelson witnessed a net profit drop of 43 percent in 2015, much of this due to a market meltdown in the Macau gaming industry.
Sheldon Adelson Could be Questioned for Up to 49 Hours in Wrongful Firing Suit
LAS VEGAS — (Associated Press) - A judge said Thursday that billionaire casino magnate and Las Vegas newspaper owner Sheldon Adelson can be questioned for up to 49 hours beginning next week by lawyers for a former Macau casino executive who claims he was wrongly fired in 2010.
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Vivid Entertainment CEO: ‘Fantasy Sports and Naked Women Have Lots in Common’
The largest adult entertainment company in the world, Vivid Entertainment, is set to join the DraftDay Daily Fantasy Sports platform in an effort to further diversify.
Vivid’s dipping their toes into the DFS sector is nothing new as they are coming off a stint with software provider MGT.
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West Virginia Senate Okays Daily Fantasy Sports: Now Moves to House
CHARLESTON, W.Va. (Associated Press) — West Virginia senators have cleared a bill deeming daily fantasy sports legal.
The bill addressing businesses like DraftKings and FanDuel passed the Senate on an 18-16 vote Thursday. It moves to the House.
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Pay Per Head Offering Champions League Betting
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‘Mob Controlled’ Dollaro Online Poker Firm Out of Italian Authority’s Control
Despite raids that commenced last month, the online poker network Dollaro continues to operate in Italy.
Italian regulator AAMS says there is little it can do to stop the site from continuing to offer its services.
Authorities there claim the company has ties to Italy’s Mafia.
“The illegal business leaders were captured, but the site is still functioning and accessible: I do not know why but it is a matter beyond our control and that can be repeated,” said head of remote gaming at AAMS Francesco Rodano.
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Nevada Gaming Commissioner Member Resigns After News of Federal Probe
Michonne Ascuaga has resigned from the Nevada Gaming Commission, according to Gov. Brian Sandoval's office.
The governor accepted her resignation, a statement from his office read as follows:
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What is the Duel By PokerStars App?
One of the bigger headlines this week had to do with PokerStars launching a new app called Duel By PokerStars.
And what exactly is Duel by PokerStars?
The game is based on Heads Up No Limit Texas Hold’em, the world’s most popular poker game. It allows an individual to challenge players anytime and anywhere from either an Android or iOS compatible device.
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