Fanatics is in talks to buy sports betting company Tipico, sources say

Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal has not yet been reached, and the … Read more

Casino stocks take a hit as inflation rocks economy

Shares of casino companies have plummeted even as inflation has soared at rates not seen in four decades and fears of a recession rattle consumers and investors alike. Caesars Entertainment stock has plummeted 50% so far this quarter. Bally’s has dropped 40% over the same time period, and Penn National Gaming and MGM Resorts shares … Read more

Early Voting holds off Epicenter to win the Preakness Stakes

Jose Ortiz atop Early Voting wins the 147th running of the Preakness Stakes horse race at Pimlico Race Course, Saturday, May 21, 2022, in Baltimore. Julio Cortez | AP Photo Early Voting held off hard-charging favorite Epicenter to win the Preakness Stakes on Saturday, validating the decision to skip the Kentucky Derby and aim for … Read more

Five U.S. states order halt to NFT sales by metaverse casino with alleged Russia ties

Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club’s operators failed to disclose its … Read more

Kentucky Derby owner Churchill Downs doubles down on horse race betting

Churchill Downs, which owns the Kentucky Derby, is changing its strategy when it comes to sports wagering. The company is doubling down on horse race betting and moving away from online sports betting and iGaming digital casino games, CEO Bill Carstanjen told CNBC. “We saw an environment for our company where we did not see … Read more

Super Bowl predicted to have the hugest audience yet: PredictHQ

Cincinnati Bengals quarterback Joe Burrow (9) (L) and Los Angeles Rams quarterback Matthew Stafford (9). Getty Images The 2022 Super Bowl between the Cincinnati Bengals and the Los Angeles Rams is projected to reach a record audience, and betting around the contest could surpass $ 7 billion. The viewership projection comes from data analytics firm … Read more