- 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
In the Netherlands, strict regulations have been implemented to curb potentially harmful gambling practices. Dutch operators are now prohibited from offering cashback bonuses that reimburse players for their losses, as these incentives were found to encourage risky behavior. Instead, a new term, “bonus based on loss,” has been introduced to clarify that any bonus linked to gambling losses is a violation of market rules. The Dutch regulator, known as the Kansspelautoriteit (KSA), initiated an investigation last summer after reports of bonus rule violations surfaced. The KSA’s findings revealed that three operators were offering bonuses associated with losses. One operator received…
Evolution, a leading player in the gaming industry, reported significant growth in the fiscal year ending on December 31, 2023, primarily driven by the thriving live casino segment. Out of the total revenue of €1.80 billion generated during this period, live casino accounted for a substantial 84.7%. This surge in live casino popularity was attributed to the increasing global interest in this format, signaling a promising outlook for the company. However, CEO Martin Carlesund expressed concerns about Evolution’s ability to keep up with the surging demand. Following the Q3 report, Carlesund had pledged to establish new game studios worldwide, and…
The Levy family, consisting of John, Benjie, Aubrey, and Noah, will be leaving Penn Interactive in the upcoming weeks as part of a carefully planned leadership transition, according to Penn Entertainment. John Levy will be the first to step down in mid-February, followed by Benjie, Aubrey, and Noah in April. Penn Entertainment’s CEO and president, Jay Snowden, noted that this transition aligns with the completion of the migration to their proprietary technology platform, the exceptional performance of TheScore’s media and betting business, and the successful launch of ESPN Bet. Snowden praised the Levys as successful entrepreneurs and pioneers in the…
Allwyn, formerly known as Sazka, has officially taken over the National Lottery operations, replacing Camelot, which had run the lottery since its inception in 1994. This marks a significant shift in the lottery landscape as Allwyn assumes responsibility for all aspects of the National Lottery, including online and retail sales for Lotto, Set For Life, Thunderball, Hotpicks, scratchcards, and UK access to the Europe-wide game EuroMillions. In securing the coveted fourth lottery license, Allwyn faced fierce competition from industry heavyweights, including Camelot, The New Lottery Company (owned by Health Lottery operator Northern and Shell), and Italy’s Sisal. However, Allwyn emerged…
Bet365 has expanded its presence in the United States, marking its entry into the Indiana market through a partnership with the French Lick Resort, a well-known land-based casino. This development now makes Indiana the eighth state where Bet365 operates, joining its existing footprint in Kentucky, Louisiana, Virginia, Ohio, New Jersey, Iowa, and Colorado. The move into Indiana, a state renowned for its sports passion and loyalty, is seen as a strategic step for Bet365. A spokesperson for Bet365 expressed excitement about this expansion, stating, “At Bet365, we don’t do ordinary, and neither does Indiana, home to the country’s first professional…
Over the past year, the National Gambling Helpline received a staggering 52,370 calls and online chats, marking a significant 24% increase compared to the previous year. This surge follows a previous record in the year leading up to March 2023. The month of August 2023 was especially noteworthy, setting a new record for the highest level of activity in the helpline’s history. December 2023 also stood out with a 39% increase in contacts compared to the previous year, making it the busiest Christmas period since the helpline’s inception. One contributing factor to this increased engagement was the launch of a…
Rhodes is set to inaugurate the Consumer Protection Zone (CPZ) on February 6th, coinciding with the opening day of ICE London 2024 at 11:30 AM. This launch will be accompanied by a generous £41,000 donation to a safer gambling charity, handpicked by CPZ supporters and donors. Comprising contributions from esteemed brands such as Light & Wonder, Flutter, and Neccton, this donation elevates the total funds raised by CPZ to a remarkable £238,000 in the preceding four years. The ICE London 2024 exhibition will span from February 6th to 8th and will undergo a venue transition to Fira de Barcelona starting…
Dejanovic, a national-level tennis official, is currently facing charges under the Tennis Anti-Corruption Programme (TACP), as announced by the International Tennis Integrity Agency (ITIA). His suspension came into effect on January 8th, preventing him from participating in or attending any professional tennis events, including those authorized or sanctioned by ITIA members and national associations. The ITIA has not disclosed the complete details of the charges against Dejanovic, but they did reference Section F.3.b.i.4 of the TACP. This section suggests that the individual is likely to have committed a “major offense” that poses a threat to the integrity of tennis. Dejanovic…
In the second quarter of the year, BetMakers experienced significant growth and success as they renewed contracts with key clients. Notable renewals included agreements with the Selangor Turf Club in Malaysia and the Argentina Jockey Club, both within BetMakers’ Global Tote division. Meadowlands in New Jersey and ZeTurf in the Netherlands also chose to extend their partnerships with BetMakers. Furthermore, BetMakers’ digital division renewed contracts with William Hill UK and PointsBet Australia. These renewals significantly contributed to the increase in revenue during Q2, according to BetMakers’ Executive Chair, Matt Davey. Davey also commended the company’s overall performance, emphasizing the reduction…
Kindred has announced an expansion of its partnership with Stats Perform, aiming to enhance the betting experience for players on the Kindred Sportsbook platform. Under this extended agreement, Kindred will have access to the full range of RunningBall and Opta products from Stats Perform, including real-time official sports data feeds and player statistics. The RunningBall offering from Stats Perform delivers official in-play sports data feeds, while the Opta brand focuses on player statistics across various sports. This collaboration is seen as a significant step forward in the world of sports betting, with Kindred’s director of sportsbook, Andreas Reimblad, expressing confidence…