Churchill Downs: Q1 Earnings Snapshot

LOUISVILLE, Ky. (AP) — LOUISVILLE, Ky. (AP) — Churchill Downs Inc. (CHDN) on Wednesday reported first-quarter profit of $80.4 million. The Louisville, Kentucky-based company said it had profit of $1.08 per share. Earnings, adjusted for non-recurring costs, came to $1.13 per...

Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming

ATLANTIC CITY, N.J. (AP) — Atlantic City casinos are facing threats on multiple fronts from new competitors not just in New York, but from within their own state. That's not great news for a seaside resort in which the amount of money won from in-person gamblers continues to lag,...

New York competition, smoking, internet betting concerns roil US northeast's gambling market

ATLANTIC CITY, N.J. (AP) — Casinos in the northeastern U.S. are dealing with numerous challenges as they brace for the arrival of new competitors in New York City. A potential smoking ban in Atlantic City, an ongoing debate over whether internet gambling hurts or helps the bottom...

Lottery, gambling bill heads to Alabama legislative conference committee for negotiations

MONTGOMERY, Ala. (AP) — Alabama lawmakers on Tuesday appointed a conference committee to try to negotiate a compromise on gambling legislation as the two chambers remain apart on whether to allow sports betting and multiple casinos in the state. The Alabama Senate voted to send...

Another record for New Jersey internet gambling revenue as in-person winnings struggle

ATLANTIC CITY, N.J. (AP) — New Jersey's high-flying internet gambling market continues to smash records. But the amount of money won from in-person gamblers at most of Atlantic City's casinos is less than it was before the COVID19 pandemic. Figures released Tuesday by the New...

Judge orders ex-interpreter for baseball star Shohei Ohtani to do gambling addiction treatment in sports betting case

Opponents of smoking in casinos try to enlist shareholders of gambling companies in non-smoking push

ATLANTIC CITY, N.J. (AP) — Add investors to the list of people that opponents of smoking in casinos are enlisting in hopes of banning the practice. A national non-smoking group and a Michigan health system have placed shareholder proposals on the agenda of annual meetings for two...

Editorial Roundup: Alabama

Decatur Daily. April 6, 2024. Editorial: Odds for a state lottery remain long Eyes of lottery players this weekend will be on Powerball, where the jackpot for Saturday night’s drawing stands at $1.23 billion — the eighth largest in U.S. lottery history — after...

Youngkin amends Virginia 'skill games' legislation, takes other action on final batch of bills

RICHMOND, Va. (AP) — Virginia Gov. Glenn Youngkin has proposed a rewrite of legislation intended to legalize and tax skill games, adding stiff new restrictions that industry supporters argued would still amount to a de facto ban of the slots-like gambling machines hosted by small businesses. ...

Atlantic City casinos were less profitable in 2023, even with online help

ATLANTIC CITY, N.J. (AP) — Atlantic City's casinos were less profitable in 2023 than they were a year earlier, even with help from the state's booming online gambling market. Figures released Monday by the New Jersey Division of Gaming Enforcement show the nine casinos collectively...