Daily news

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    Pari-Mutuel Urbain (PMU) has reported a 1.8% year-on-year decline in revenue for the third quarter, despite experiencing ongoing growth within its French horse racing betting business.

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    Arena Racing Corporation (ARC) and its subsidiaries said increased prize money and labour costs were responsible for a halving of EBITDA in 2018.

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    Churchill Downs Incorporated (CDI) has finalised its acquisition of Turfway Park in Kentucky from Jack Ohio LLC, an affiliate of Jack Entertainment LLC and Hard Rock International.

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    New Zealand’s Minister for Racing, Winston Peters, has outlined his expectations for the country’s new Racing Industry Transition Agency (RITA), saying that he anticipates the body leading the national horse racing industry to sustainable growth.

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    The New Jersey Thoroughbred Horsemen’s Association (NJTHA) has claimed victory in a long-running legal dispute with the leading US professional sports leagues over sports betting.

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    Norway’s state-owned totalisator betting business Norsk Rikstoto has proposed establishing a mandatory monthly spending limit for all customers, with the country’s gambling regulator speaking out in favour of the proposal.

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    Delaware’s sportsbooks endured another difficult month in August, with amounts wagered dropping 42% year-on-year.

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    The body set up to oversee reform of racing and wagering in New Zealand is looking for a new leader following the resignation of chief executive John Allen.

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    Hong Kong Jockey Club has told Betfair Australia to “immediately cease and desist” offering betting exchange wagering on its races in an escalation of the fall-out between the two parties.

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    Pari-Mutuel Urbain (PMU) has announced the appointment of a new marketing director as it continues its rebranding campaign.

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    Rhode Island’s regulated sports betting market has reported a 61.5% month-on-month decline in revenue for July. However, mobile betting may soon launch in the state, with a roll out planned for the start of the National Football League season.

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    Swedish operator AB Trav och Galopp (ATG) has reported a 2% year-on-year rise in net gaming revenue for the first half of 2019, but admitted that increased competition around horse racing had proved a challenge during the period.

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    Bet365 is closing in on a full roll out of its New Jersey sportsbook, after beginning a regulator-controlled soft launch of the product yesterday (22 August).

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    Sportech will continue to focus on reducing costs and continuing its “digital transformation” in the second half of the year after its pre-tax loss widened on the back of flat sales in the six months through to the end of June.

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    Mississippi’s regulated sports betting market has recorded a month-on-month decline in revenue for July, with amounts wagered also down over the month.

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    The first 16 days of legal wagering in New York have seen revenue of $349,468 generated across two licensed venues. The bulk of revenue was generated from the Schenectady-based Rivers Casino & Resort, which opened its sportsbook on 16 July.

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    Operators in Pennsylvania handled a record $59.3m on sports bets in July as the online sportsbook handle doubled to $39.0m and overtook retail figures for the first time.

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    The New Zealand Racing Industry Transition Agency (RITA), the body established to oversee the development of a new governance structure for the country's horseracing industry, has struck a deal that will see Sportsbet launch live streaming of races in Australia.

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    New Jersey’s regulated sports betting market has seen revenue leap to $17.9m in July, complementing slower growth from the state’s land-based and online casino verticals.

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    Kindred Group has made a significant investment in #GoRacingGreen, a new initiative that aims to make horse racing accessible for racegoers that suffer from mental health issues.

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