Gaming Stocks Surge on US Supreme Court Decision

Written by :

Payton

Published on :

14 May, 2018

The U.S. Supreme Court struck down a federal ban on sports betting that will now permit individual states to allow the activity at their own discretion.

The decision sent a number of gaming stocks surging on Monday. Among those stocks seeing upward mobility: UK bookmaker William Hill closed up 10.7 per cent and Paddy Power Betfair, another British bookie, surged 12.2 per cent higher.

Churchill Downs, which owns five racetracks and six casinos, was up 5.5 per cent in afternoon trading while casino group Caesars Entertainment rose more than 8 per cent. “This is a historic moment,” said David Jennings, a gambling analyst at Davy, the Irish stockbroker. “A lot of individual states will see this as an opportunity to raise taxes and regulate it legally for the first time.”

- Aaron Goldstein, Gambling911.com

Business & Financial

CRYPTOCURRENCIES

Gambling News

New Vegas Flights Announced: Delta Airlines Asia Routes to and From Hong Kong and Taipei

Delta is growing its transpacific reach for CES 2027, the world's largest consumer technology trade show,, with the new nonstop service, offering direct access between CES and two of the world’s most influential technology markets.

Illinois Groom-to-Be Sues DraftKings After Gambling Away Entire Wedding Fund

Dane Miller claims DraftKings should have known he exhibited signs of being a degenerate gambler after he opened his account in 2020.

World Cup Bookie Solution: PPH Betting Markets for Norway vs. France

As we look at the Norway vs. France World Cup match and see France as a -160 favorite seeing 60% or more of the backing, it's important to understand that favorites have won approximately 39 of the 66 completed matches, for a win rate of around 59%. Draws and upsets have accounted for the remaining 27 matches.

PPH World Cup Game Prop Bets - Japan vs. Sweden - Affordable Sportsbook Software

Using affordable bookmaking software is one way bookmakers and agents can benefit from this year's FIFA World Cup, but it's also about the many features and options available that keeps gamblers coming back for more.