Arena Racing Company (ARC) has confirmed that compulsory redundancies are likely as the UK racecourse operator looks to mitigate the impact of betting shop closures resulting from the decision to slash fixed odds betting terminal (FOBT) stakes to £2.
US casino operator Eldorado Resorts has completed its deal to secure a $50m equity stake in William Hill, and 20% stake in its William Hill US subsidiary, as part of the companies’ 25-year US-focused sports betting partnership.
The New York State Gaming Commission has taken the first step towards launching legal sports betting in the state after approving regulations for the vertical, with the framework omitting any form of in-venue mobile wagering.
Caesars Entertainment has become the latest operator to go live in the Pennsylvania sports betting market with the launch of its new Scientific Games-powered offering at the Harrah's Philadelphia Casino and Racetrack.
Open Banking service will allow operators to access customer financial data to limit the risk of gambling-related harm, with Rank looking to ensure customers don't spend beyond their means while gambling via its brands.
The founders of betting and gaming giant bet365 have been named the second largest taxpayers in the UK, after paying an estimated £156m in taxes for the 2017-18 financial year, just behind JD Sports majority owner Stephen Rubin.