- US Supreme Court Denies Review of Florida Sports Betting Case, Allowing Digital Betting to Continue
- GiG to Acquire Casinomeister, Bolstering Financial Impact and Market Reach
- Genting Berhad’s Q1 Revenue Surges 27.7% to RM7.43bn, Net Profit Nearly Triples
- Ramos Blocks Cohen’s $8B Citi Field Casino Plan, Proposes Green Space Alternative
- Illinois Considers Major Tax Hike on Gaming Operators, Impacting DraftKings and Flutter Stocks
- Illinois Senate Passes Budget with Progressive Sports Betting Tax, SBA Warns of Harmful Impact
- DraftKings Completes Jackpocket Acquisition, Targets $340M Revenue Boost in US Lottery Market
- Paf Achieves Record Net Profit with 23% Increase Amid Rising Gaming Taxes and Responsible Gaming Measures
Author: Staff Writer
Andy Boucher, a retired senior professional services partner and chartered accountant with a distinguished 34-year career, is set to join the board of GambleAware, a charity dedicated to promoting responsible gambling practices in the Great Britain gambling market. Boucher’s role will involve supporting the charity in commissioning best practice prevention, education, treatment, and support services. Throughout his career, Boucher has held several senior positions, most notably as a partner at PwC for over 16 years, where he specialized in assisting groups in developing and implementing their tax strategies. Additionally, he served as EMEA tax manager at Accenture and European tax…
In October 2023, Arizona witnessed a remarkable surge in sports betting activity, with bettors collectively placing a staggering $648.2 million in wagers. This represents a substantial 4.8% increase when compared to the same month the previous year. Moreover, it showcases a remarkable 6.2% growth compared to September, highlighting the burgeoning enthusiasm for sports betting in the state. The October 2023 handle stands as the second-highest in Arizona’s history, trailing only the $691 million in wagers accepted back in March 2022. This remarkable milestone underscores the sustained growth and popularity of sports betting in the region. Notably, nearly 99% of the…
Earlier this year, the National Team League (NTL) introduced a groundbreaking concept, putting racehorses into teams and transforming the betting experience into a league format. The NTL’s innovative approach has garnered attention and led to exciting developments in the world of sports and entertainment. In a strategic move, the NTL has decided to relocate its headquarters to Las Vegas, a city that has been steadily growing in significance as a sports hub. This relocation not only positions the NTL at the heart of this sports-loving community but also opens up new opportunities for strategic partnerships and fan engagement. Tom Ludt,…
Strive Gaming CEO Max Meltzer asserts that the next phase of growth in the US gaming industry revolves around quality rather than speed. Despite facing competition from industry giants and vertically integrated solutions, Strive Gaming, a North American-focused gaming platform provider, is determined to expand its customer base across the US and Canada. Recent partnerships, such as powering PointsBet’s igaming offering in Canada, exemplify its ability to compete and succeed against formidable rivals. Strive Gaming’s leadership team, featuring US betting pioneers Max Meltzer, Damian Xuereb, and Jamie Shea, brings extensive industry experience to the table. Meltzer emphasizes that their platform…
In November 2023, Mississippi’s sports betting handle reached a total of $62.3 million, marking a 15.2% decline from the previous month’s $73.6 million in wagers recorded in November 2022. However, this figure represented a substantial 26.1% increase when compared to the $49.5 million wagered in Mississippi in October of the same year. Notably, this November handle was the highest since December 2022, when a total of $74.4 million was bet in the state. When shifting the focus to revenue, Mississippi earned $3.1 million from sports betting activities in November. This figure reflected a 33.3% decrease compared to the previous year…
Play’n GO, the renowned online casino game provider, is set to broaden its reach in Italy through an exciting partnership with William Hill. This collaboration will grant Italian players access to Play’n GO’s entire catalog of thrilling online casino games, encompassing popular titles like Book of Dead, Rise of Olympus, and Reactoonz. The agreement signifies a strong commitment to the Italian market from both Play’n GO and William Hill. This partnership builds upon an already well-established relationship between the two companies, as they have joined forces in various markets in the past. Earlier this year, they successfully introduced Book of…
Mark Hughes has been appointed as the new head of security for the National Lottery, as the transition to Allwyn taking over the operation of the National Lottery on February 1, 2024, draws near. Hughes, who has served as Chief Information Security Officer at Smart DCC since September 2022, will also become a part of Allwyn’s executive leadership team. Before joining Smart DCC, Hughes had a remarkable 16-year career at Vodafone, predominantly as the UK Chief Information Security Officer. His expertise in security also includes roles at Borders and House of Fraser. Hughes expressed his excitement about this new opportunity,…
Tabcorp, the prominent gambling group, is set to pay the Victorian government more than AU$1 billion over the next two decades as part of its new licensing agreement, beginning in August 2024 when its current exclusive license expires. The license grants Tabcorp the authority to engage in betting activities in Victoria, including the exclusive ability to accept in-person bets outside of racetracks. Had these new license terms been applicable in 2023, the group’s EBITDA would have been $140 million higher on a pro-forma basis. The key change in Tabcorp’s license is the discontinuation of its joint venture arrangement with the…
BetMGM has announced the renewal of its partnership with the National Hockey League (NHL), ensuring that the sports betting and online gaming company will continue to feature NHL imagery in its casino games and maintain a strong branding presence during nationally televised broadcasts. The original agreement was inked in 2018, and in April 2022, BetMGM expanded its partnership with the NHL alongside FanDuel, capitalizing on the launch of Ontario’s sports betting market to establish a foothold in Canada. BetMGM’s CEO, Adam Greenblatt, expressed his enthusiasm for the partnership’s continuation, highlighting the opportunity to enhance the BetMGM product and offer fans…
Swedish casino operator Casino Cosmopol is facing a SEK2 million (£154,000) penalty for failing to effectively implement anti-money laundering (AML) measures, according to an investigation conducted by Swedish regulator Spelinspektionen. The regulator also issued a warning to the Swedish land-based casino brand of Svenska Spel. Spelinspektionen’s investigation, launched in November 2021, focused on Casino Cosmopol’s AML customer awareness efforts. The regulator found that the company had “failed in its work with customer knowledge in several areas.” Additionally, the probe examined past shortcomings related to specific requirements in the Money Laundering Act. In response to the sanctions, Casino Cosmopol accepted the…