Gaming Stocks Surge on US Supreme Court Decision

Written by:
Payton
Published on:
May/14/2018

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

Gambling News

5Dimes Issues Statement Regarding Kidnapping of Owner

5Dimes Issues Statement Regarding Kidnapping of Owner

Costa Rica sportsbook 5Dimes issued a statement to at least one media outlet in regard to the alleged kidnapping of its colorful owner, Sean "Tony" Creighton, 43 of Morgantown, West Virginia.

Philly Crime Boss Gets Two Years Prison

Philly Crime Boss Gets Two Years Prison

A notorious Philadelphia mob boss sentenced to two years in prison for illegal betting quipped outside court Wednesday that President Donald Trump was right to suggest cooperators or flippers should be outlawed.

Sugarhouse Sportsbook Shifts From Golden Nugget to Monmouth Park in NJ

The newly opened Sugarhouse Sportsbook has found a brand new home after only a few weeks in business according to Legal Sports Report.

Kidnapped 5Dimes Owner Vehicle Found Intentionally Crashed by Perpetrators

Kidnapped 5Dimes Owner Vehicle Found Intentionally Crashed by Perps

Diaro Extra has what it says is a photo of the vehicle driven by 5Dimes owner Sean "Tony" Creighton intentionally crashed into a gate.  Creighton was reported kidnapped on September 25.

Status of 5Dimes Uncertain in Wake of Owner's Disappearance

Status of 5Dimes Uncertain in Wake of Owner's Disappearance

Following word that the owner of San Jose, Costa Rica-based 5Dimes Sportsbook was reportedly kidnapped three weeks ago, those with money at the book have been scrambling to find out more details. 

Syndicate