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Racing News

Cyprus introduces National Self-Exclusion Platform

Cyprus’ National Betting Authority has launched a new National Self-Exclusion Platform (NSEP) as part of a strategic initiative to safeguard players.

As part of the authority's Safer Gambling Strategy 2022-2025, the NSEP enables players to control their betting activities and opt for temporary or indefinite self-exclusion from all online bookmakers who [...]

2 mins read
PointsBet

PointsBet reduces loss as first half revenue grows 15%

PointsBet Holdings has posted a lower net loss of AUD$32.7 million for the first half of the 2023/24 fiscal year after reducing marketing expenses by nearly a third.

Total handle from sports betting declined by 4 per cent to $1.59 billion during the period, with a 17 per cent increase in [...]

1 min read

Sweden’s ATG sees full year revenue climb to SEK5.27 billion

Swedish horse race betting and gaming operator AB Trav och Galopp (ATG) has posted a 1 per cent increase in net gaming revenue to SEK5.27 billion (approx. €471 million) in 2023, the second highest figure in its history.

The company was buoyed by a 4 per cent increase in net gaming [...]

1 min read

Tabcorp partners VRC and Nine in landmark Melbourne Cup agreement

The Victoria Racing Club (VRC), Tabcorp and Nine Entertainment have joined forces in a landmark broadcast, media and sponsorship deal for the Melbourne Cup Carnival.

The new agreement runs until 2029, with the Melbourne Cup Carnival to be broadcast on all SKY platforms and the TAB app, with Tabcorp having the [...]

4 mins read

bet365 and SIS launch fixed odds horse racing in Colorado

bet365 has become the first sportsbook in Colorado to launch fixed odds horse racing wagering through a partnership with Sports Information Services (SIS).

The landmark deal will see SIS Content Services deliver its global horse racing content to bettors in Colorado, providing coverage from nearly 140 international and domestic racetracks, including [...]

3 mins read

Massachusetts Gaming Commission begins search for new chair

The Massachusetts Gaming Commission has begun a search for a new chair to replace Cathy Judd-Stein, who is retiring next month.

Judd-Stein will retire from public service upon the completion of her term on March 21, having first been appointed to the Massachusetts Gaming Commission in January 2019 by then Governor [...]

3 mins read
Tabcorp

Impairment charges push Tabcorp to first half loss of AUD$636.8 million

Tabcorp Holdings has posted a net loss of AUD$636.8 million for the first half period ended 31 December after recognising a significant non-cash impairment charge relating to its Wagering businesses.

Following a review of the carrying value of its assets, the non-cash impairment charge relates to certain assets in the New [...]

1 min read
Churchill Downs

Churchill Downs revenue nears $2.5 billion mark in 2023

Churchill Downs Incorporated (CDI) has reported a 36 per cent increase in net revenue to a new high of $2.46 billion in 2023, helping to deliver record adjusted EBITDA of $1.0 billion.

The company enjoyed a strong finish to the year as fourth quarter revenue rose 17 per cent to $561.2 [...]

1 min read

Churchill Downs to open new HRM facilities in Virginia and Kentucky

Churchill Downs Incorporated (CDI) has unveiled plans to open two new historical racing machine (HRM) venues in Virginia and Kentucky.

The company has received approval from the Town of Dumfries to open phase one of The Rose Gaming Resort with 1,650 HRMs, an increase of 500 HRMs from what CDI had [...]

3 mins read
Caesars Entertainment

Strong year for Caesars Digital as 2023 revenue nears $1 billion

Caesars Entertainment has reported a 6.5 per cent increase in net revenue to $11.53 billion for 2023, with its Caesars Digital business contributing nearly $1 billion during the year.

Revenue for the final quarter of the year rose marginally year-on-year to $2.83 billion, with a slight improvement in Regional revenue to [...]

1 min read

Gaming Laboratories International confirms trio of director-level promotions

Testing and certification service provider Gaming Laboratories International (GLI) has made a number of director-level promotions across its global operations.

Harinder Grewal, Antonio Grida Cucco and David Jimenez Gracia have all been promoted to directors of engineering, assuming more responsibilities in their regional areas and in the global oversight of their [...]

2 mins read

New Jersey Super Bowl wagers grow but Pennsylvania wagers fall 15%

Pennsylvania and New Jersey have posted contrasting results in their preliminary wagering data from last weekend's Super Bowl.

The Pennsylvania Gaming Control Board (PGCB) said that the state’s sportsbooks took in wagers of $71.6 million on Super Bowl LVIII, a 15 per cent decrease on wagers placed last year.

Total online bets [...]

2 mins read
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