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Digital Content Strategist
Fitch affirmed Genting New York at BBB- with a stable outlook and said Resorts World New York’s EBITDA could rise to about $450 million by 2028, though billions in expansion spending will weigh on credit metrics during construction.
Fitch downgraded Genting Berhad to BBB- and pointed to heavy spending on Resorts World New York City and Singapore projects, with New York expansion costs a central factor.
Digging For Gold won Vernon Downs’ $8,500 Open Pace in 1:50.4 on Sept. 7, while the track is set to resume live racing Friday, Sept. 11.
New York’s mobile sportsbooks combined for $420.3 million in handle and $39.3 million in gross revenue for the week ending Aug. 30, with DraftKings leading handle and FanDuel leading revenue.
New Jersey has petitioned the U.S. Supreme Court to decide who regulates sports event contracts nationwide, while Nevada regulators say prediction markets are illegal gambling if they bypass state licensing.
Robinhood’s chief executive says state resistance to prediction markets may be tied to protecting gambling tax revenue, a claim that lands squarely in New York, where mobile sportsbooks are taxed at 51%.
