3943 stories by Philip Conneller
DraftKings Hit by Lawsuit Alleging ‘Unjust Enrichment’ in SBTech Deal
A lawsuit filed Friday in a New York federal court accuses several DraftKings directors of breach of fiduciary duty and unjust enrichment. The 103-page complaint brought by shareholder Jiahan Yu alleges the defendants caused the company to engage in “illicit operations,” thereby...
Connecticut to Soft-Launch Online Sports Betting, Casino Gaming Tuesday
It’s been years in the making. But Connecticut will roll out limited online sports betting and casino gaming Tuesday from 3 pm. The launch marks the latest phase in the state’s biggest expansion of gambling since its casinos, Mohegan Sun and Foxwoods,...
Oregon Tribes Seek to Sink Coffee Magnate’s Gambling Plan for Grants Pass Downs
A coffee magnate who hopes to open a gambling and entertainment center at the Grants Pass Downs racetrack in southern Oregon is facing the wrath of six regional tribal operators, Oregon Live reports. Travis Boersma is the state’s newest billionaire, after his...
Data King Nate Silver Makes World Series of Poker Final Table
Political analyst and writer Nate Silver was a whisker away from winning a World Series of Poker bracelet on Sunday night. The statistician has won fame and plaudits for predicting election outcomes. But one outcome he failed to forecast was his opponent...
Star Entertainment Shares Plunge on Money Laundering Allegations
Allegations that Star Entertainment enabled money laundering at its Sydney and Gold Coast properties have sent the Australian casino operator’s shares spiraling. By the end of trading Monday, the company’s stock plummeted by almost 23 percent on the ASX, wiping nearly $A1...
Football Index Wrongfully Used Customer Funds for Expansion, Leaked Docs Show
Failed soccer trading platform Football Index plowed £15 million (USD $20 million) of its customers’ money into a speculative international expansion in the lead-up to its dramatic collapse, The Athletic has discovered. According to leaked documents seen by the sports media group,...
Disbarred Lawyer Funded Gambling with $2.4M Philadelphia Eagles Season Ticket Scam
A disbarred New Jersey lawyer pleaded guilty this week to defrauding an investor in a bogus business that purported to offer loans to Philadelphia Eagles fans. Instead, Frank Tobolsky spent most of a $2.4 million investment on personal expenses and a “crippling”...
San Jose Sharks’ Evander Kane in NHL ‘Fake Vaccination Card’ Probe
Embattled San Jose Sharks forward Evander Kane is being investigated by the NHL over allegations he supplied the league with a fake vaccination card to dodge health and safety protocols. The news, first reported by Front Office Sports, comes two weeks after...
New York Court of Appeals to Decide if Daily Fantasy Sports is Gambling
The New York Court of Appeals is set to determine whether daily fantasy sports is a game of skill or a game of chance. Spectrum News 1 reports that the state’s highest court began hearing arguments in Albany on Tuesday. Ultimately, the...
Talons Out! Online Cockfight Betting Sparks Spat in Philippine Legislature
The Philippines’ new licensing regime for online cockfight betting, known as e-sabong, is gathering momentum – too much momentum for the liking of some lawmakers. The county’s gaming regulator, PAGCOR, began handing out licenses in May. That’s after the legislature passed a...
