Atlantic City casinos posted double-digit profit declines in the third quarter of 2018, as the market’s two new gaming venues cut into the other seven’s bottom lines.
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Kentucky Downs, which has been owned by the Kentucky Downs Partners, LLC investment group since 2007, has a new owner. According to a press release, the racetrack has been purchased by Kentucky Racing Acquisition, LLC (KRA), a company that was recently found by Ron Winchell and Marc Falcone.
Winchell is a well-known thoroughbred breeder and horse racer and Falcone is the former executive VP, chief financial officer and treasurer of Red Rock Resorts and Stations Casinos. He moved to the casino industry after working on Wall Street with Goldman Sachs.
The terms of the acquisition have not been released. It comes at a time when horse racing is losing steam in the U.S. In an effort to keep their businesses alive, operators have been lobbying lawmakers to allow them to be able to expand their operations to include other gambling products, such as slot machines.
Their efforts may be paying off, especially in Kentucky. Senator Julian Carroll, who was Kentucky’s governor from 1974-1979, sub..
New Jersey’s regulated sports betting market set more records for handle in October.
One of the best things about Week 11 in the NFL this year? It’s the last one with more than two teams on the bye. Six are this week: Buffalo, Cleveland, Miami, the New York Jets, New England and San Francisco. Five really bad teams and the Patriots.
Latest Betting Format Pools Entries and Awards Prizes for Correctly Predicting Sports Game Outcomes
BOSTON (November 9, 2018) — DraftKings Sportsbook today announced the launch of DraftKings Sportsbook Pools, a new and easier way to bet on sports by selecting potential outcomes from a set group of sporting events
Witness the dawn of a revolution in RNG gaming with Max Quest: Wrath of Ra, the new action-packed, multiplayer adventure from Betsoft Gaming. Drawn by the promise of ancient fortunes…