All Posts By Andrew O’Malley

Missouri Lawmaker Files First US Sports Betting Bill of 2022 Season

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Fresh attempt to legalize betting In the first filing of betting legislation for the US’ 2022 legislative session, Missouri lawmakers have introduced a bill that would legalize online and retail sportsbooks across the state. would tether sportsbooks to riverboat casinos in the state House Bill 1666, filed at the end of last week by Republican Representative ...

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Golden Nugget’s Parent Company Involved in $8.6bn SPAC Merger Dispute

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Missing the deadline Golden Nugget’s parent company is facing a significant legal headache as it tries to get out of a planned merger with a special purpose acquisition company (SPAC). Fertitta Entertainment agreed in February to merge with the FAST Acquisition SPAC in a deal initially valued at $6.6bn. As a result of this planned merger, ...

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Churchill Downs Mulls Sale of TwinSpires Racing Brand

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Considering its options Churchill Downs is considering selling its TwinSpires Racing brand. As reported by Bloomberg on Thursday, anonymous sources close to the matter have disclosed news of a possible sale of the Kentucky Derby’s official betting partner. Churchill Downs’ share price increased 6% following publication of the news. A sale of the brand could generate ...

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Colossus Bets Sues DraftKings Over Alleged Patent Infringements

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A long-running issue Colossus Bets has filed a lawsuit against DraftKings, accusing the sportsbook operator of patent infringement. The London-based Colossus Bets filed the lawsuit on Wednesday with the US District Court of Delaware through the DLA Piper law firm. full or partial buy-out offer made at any time prior to completion of a wagering event” DraftKings ...

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New Study Finds Soccer Friendlies Are at Greater Risk of Match-Fixing

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Worrying findings A recent study has found that soccer friendly games are at a greater risk of match-fixing than competitive matches. The report, published on Wednesday, looked at games that took place between 2016 and 2020. Over the course of the study, investigators found suspicious activity in over 250 friendlies in which European teams were ...

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Nevada Breaks $1bn Sports Betting Handle Mark for the First Time

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A record month Nevada sportsbooks had a state record monthly handle in October of $1.1bn, making it the first time that the state’s sportsbooks broke the $1bn barrier. The previous record handle in Nevada was $786.5m, which was set in September. October’s handle represents a 67% year-on-year increase and a 102% jump from October 2019 ...

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888 Holdings on Course for £2.2bn Takeover of William Hill’s UK Operations in Q1 2022

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A few other closing conditions Online gambling company 888 Holdings is moving ever closer to completing its takeover of the non-US business of William Hill in the first quarter of next year. The operator has informed shareholders that it has received all of the necessary gaming regulatory and antitrust approvals for the £2.2bn ($2.9bn) acquisition. a ...

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More Than AU$1bn Laundered Through Poker Machines, Say Australian Authorities

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A significant issue Criminals are reportedly using poker machines across Australia to launder more than AU$1bn (US$714.6m). A leading gaming investigator in New South Wales (NSW) believes a wake-up call is necessary for the clubs and pubs that offer these types of machines. easily in the hundreds of millions” of dollars Federal and state authorities have evidence ...

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