Churchill Downs has suspended horse racing at its home track and moved the remainder of its spring meet to Ellis Park after 12 horse fatalities within the last month. The company initiated the suspension and track change in response to the unusual number of deaths. Investigations by the Kentucky Horse Racing Commission and the Horseracing Integrity and Safety Authority have not identified a single factor or discernable pattern linked to the fatalities. Churchill Downs will conduct a top-to-bottom review and CEO Bill Carstanjen expressed deep concern and stated that the incidents were unacceptable. Analysts believe the financial impact is limited, as Churchill Downs doesn’t generate much revenue from racing outside of the Kentucky Derby, and people can still bet on racing online. However, they highlighted […]

Casino revenues in Macau surged by 366% in May compared to the previous year, reaching 15.6 billion patacas ($1.93 billion), the highest since January 2020. The increase was driven by a five-day national holiday that attracted hundreds of thousands of visitors to the region, the only place in China where gambling is legal. China lifted strict COVID-19 restrictions in January, allowing visitors to return to Macau after more than three years. The surge in visitors comes as Macau faces a labor shortage and aims to diversify its sources of income beyond the casino industry, which currently contributes over 80% of government revenues. The opening of Sands’ “Londoner” casino resort, attended by former England football captain David Beckham, marked the first major casino opening since the […]