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Caesars to expand betting biz after high court strikes down sports betting ban

Caesars Entertainment Corp. said May 14 that it plans to expand its U.S. sports betting business following a Supreme Court decision to strike down a federal ban on the practice.

The statement from the casino operator came the same day that the high court struck down a 1992 law prohibiting sports betting in most of the U.S., allowing states to legalize it at their discretion.

Caesars said it will expand the business wherever "secure and responsible wagering on sporting events is legalized."

President and CEO Mark Frissora said the ruling "creates a golden opportunity to end illegal sports wagering once and for all by creating a well-regulated alternative that sports fans can trust."