A new partnership between two industry giants has just been announced. The deal marks a multi-year partnership between DraftKings and Churchill Downs for pari-mutual wagering on its famed horse racing. The details show that DraftKings will move forward with the launch of DK Horse, a new standalone app that will allow its bettors to place wagers on horse racing. The launch is planned to come before the upcoming Kentucky Derby in May 2023, with app available for the 21 states that DraftKings operates in. A quote from Bill Carstanjen, the CEO of Churchill Downs Incorporated states, “We believe the depth and quality of our online offering through TwinSpires is unmatched in horse racing… We are excited to establish this relationship with DraftKings and to deliver […]

After the recent announcement that Wynn Macau’s gaming license will be reinstated, the operator has announced new plans for their casino. The official announcement shows that Wynn Macau will put forward MOP 4.8 billion (US $596.4 billion) into Wynn Resorts Macau (WRM) as well as implementing some new changes. A quote from the board of directors states they, “will conduct a capital restructuring, so that WRM’s registered capital can be increased from MOP 200.1 million to MOP 5 billion.” The plan involves a voting rights increase for their Vice Chairman, COO, and Executive Director Linda Chen from 10% to 15% for Class B and Class C shares as well as 10% voting rights Class A shares. Chen has also been noted as the new official […]

Macau has just announced over the weekend that they will be reinstating the licenses for their six casinos. The six casinos are, Sands China, Wynn Macau, Galaxy Entertainment, MGM China, Melco Resorts, and SJM Holdings. The new licensing will help to ensure local employment is good while also working towards the development of overseas tourist markets and non-gaming related products. The Macau operators have been responsible for more the $50 billion to the Chinese special administrative region so the reinstatement aids in the stability of the community. There were six licenses up for grabs with a few other operators playing for them but the choice to stay with the old operators will keep things calm for now.