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Tag: betting

Shareholders are betting on the comeback of Destination Maternity

Shareholders are betting on the comeback of Destination Maternity

Finance
Shareholders at Gullane Capital Partners are betting on a comeback for maternity apparel retailer Destination Maternity. While it hasn't been exactly rosy for the company — with sales weighed down by challenges so far, and a slow entry into e-commerce, Trip Miller, managing partner of Gullane Capital Partners, believes that things are looking up. "There's just a myriad of opportunities here to generate value," Trip Miller, managing partner of Gullane Capital Partners told CNBC. His firm owns 3.4 percent of the company's outstanding shares. "Mo...
US ruling opens way for states-wide sports betting

US ruling opens way for states-wide sports betting

Business
The US Supreme Court has made a landmark ruling that could allow states across the country to legalise sports betting.It has endorsed a 2014 state ruling in New Jersey which permits sports betting in casinos and at horse racing tracks.The court also struck down a 1992 federal law banning sports gambling.The news sent the share prices of gambling stocks in the US and UK surging, including Britain's William Hill and Paddy Power.Several major US sports bodies had opposed the move, including the National Basketball Association.The National Collegiate Athletic Association said it was a threat to the "integrity of athletic competition".However, Justice Samuel Alito wrote on behalf of the Supreme Court: "The legalisation of sports gambling requires an important ...
Restrictions on 'crack cocaine' betting machines

Restrictions on 'crack cocaine' betting machines

Business
The maximum stake on fixed-odds betting terminals is to be reduced from £100 to between £2 and £50, the Government has announced.Ministers have announced new restrictions on controversial betting machines, which campaigners blame for a rise in problem gambling.A widespread fixture in high street betting shops, they currently allow punters to spend £100 per 20-second spin.A long-awaited review into the industry by the Department for Culture, Media and Sport, published this morning, has recommended various four options for cutting the maximum stake to £2, £20, £30 and £50.A 12-week consultation will then follow.Sports minister Tracey Crouch said in the introduction to the review: "This consultation brings forward a package of proposals which responds to strong evidence and public concerns ab