Ending this ‘sport’ is the only real solutionThe Union-Tribune asks if it is time to end or alter horse racing, suggesting that this “sport” can perhaps be cleaned up, as racing officials have recently opined, so as to become a safe enterprise for horses. But to accomplish that would require the elimination of greed, cruelty, stupidity and callous disregard for animal welfare — all of which are prominently on display in racing.Horse racing is, of course, not a sport at all. It is a gambling operation with the animals bearing the mortal risks. And it is no mystery why horses “break down.” Equine veterinarians explain that catastrophic injuries are preventable but inevitable when the industry demands ever more speed in younger horses whose bones are not fully developed, whose minor injuries are masked with drugs to keep the animal performing and who are often viciously whipped. This is not how anyone treats an animal loved and valued beyond its … [Read more...] about Your Say: What is the fate of the sport of horse racing?
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Energy & Environment | A Texan’s Big Bet on a Fossil-Fuel Future for California Sections Skip to content Skip to site index Andrew Beal, a poker-playing billionaire and major Trump backer, could upend California’s carbon-free power goals with a case before federal regulators. Credit Credit Cam Cottrill Supported by ByIvan Penn and Thomas Kaplan March 29, 2019 California has positioned itself as a leader in the fight against climate change. It leads the nation by far in solar power. And it is working to reduce carbon emissions throughout the energy sector, with a goal of making the electricity grid carbon-free within a generation. But its clean-energy goals are colliding with a Texas billionaire who has staked a fossil-fuel claim in California and is aiming to get federal regulators on his side. The Texan, Andrew Beal, parlayed financial and real estate deals into an estimated personal worth of more than … [Read more...] about A Texan’s Big Bet on a Fossil-Fuel Future for California
Legal sports betting may be coming to Minnesota. But it doesn’t seem to be in much of a hurry. Consider that the Senate bill that would partially legalize sports books in Minnesota narrowly slipped out of its first committee Thursday (and faces an uncertain response at its next stop). The majority leader of the Senate isn’t keen on the idea. The state’s 11 Native American tribes are opposed. Anti-gambling and several religious organizations are opposed. And, oh yeah, it doesn’t raise much money. There’s also this: the House bill on the same topic hasn’t been set for a hearing, lacks support from DFL leadership, and faces many of the same liabilities as the Senate bill. Other than that, it’s a sure thing. Introduced by Senate Taxes Committee Chair Roger Chamberlain, R-Lino Lakes, the Senate’s sports betting bill, SF 1894, does have sponsorship from both Republican and DFL senators. And it made its first official appearance before … [Read more...] about Why legalizing sports betting (still) faces such long odds at the Legislature this year
Over the past decade, teams from California, Florida or Texas have competed in more than half the championship series in the four major professional sports — including every NBA final. That may be no surprise, considering the three states account for 27 percent of all franchises in those leagues. The sheer number of teams and their relative success make them fertile territory for legalizing sports gambling now that the U.S. Supreme Court has allowed every state to offer it. "These states are the brass rings given the size of the populations and the potential opportunity," said Sara Slane, a spokeswoman for the American Gaming Association. So far, that ring remains elusive. A 50-state review of sports gambling legislation by The Associated Press reveals that legalization efforts are nonexistent or very unlikely to happen anytime soon in the nation's three most populous states, which together hold more than a quarter of the U.S. population. The reasons vary. In California and … [Read more...] about Legalized sports betting unlikely in 3 largest US states
Dec 11, 1:45 AM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Sports Money By Rich Duprey 12/10/18 AT 1:19 AM MGM Resorts (NYSE:MGM) scored a triple play after partnering with Major League Baseball (MLB) to be the sport's official gaming partner. Along with pro basketball and hockey, MGM is now able to align itself with individual baseball teams to cross-promote its casinos and sports betting app. If it can get pro football on board, MGM will have hit a grand slam.This article originally appeared in the Motely FoolHolding all the cardsAfter the Supreme Court struck down as unconstitutional the Professional and Amateur Sports Protection Act of 1992, which barred states from authorizing sports gambling, eight states have begun accepting wagers. Besides Nevada, where sports betting has been legal for decades, New Jersey has the most fully formed system with sportsbooks accepting over a quarter billion dollars in bets … [Read more...] about MGM Resorts Is Putting Together A Sports Betting Empire