- 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 January 2023, the gaming giant Entain completed its acquisition of BetCity for a hefty sum of €450 million (£383 million/$487 million), aiming to gain a foothold in the Dutch market, where BetCity held one of the initial 10 licenses. However, the honeymoon period for this acquisition has been cut short as recent revelations have prompted Entain to file a claim for damages against BetCity. According to a document obtained by CasinoNieuws.nl, Entain alleges that it was kept in the dark regarding two ongoing regulatory investigations against BetCity at the time of acquisition. These investigations were being conducted by the…
Dylan Slaney, CEO of Light & Wonder, reminisces about his entry into the gaming industry in October 2017, a period he describes as a fast-moving whirlwind. Since then, he has been on an impressive trajectory, climbing the ranks from executive vice-president of gaming at NYX Gaming Group to senior vice-president of gaming at SG Digital after Scientific Games acquired NYX. Light & Wonder emerged from Scientific Games’ restructuring, focusing on three divisions: land-based, social casino arm SciPlay, and iGaming, led by Slaney. He takes pride in his role, emphasizing the privilege it is to lead the iGaming business. The iGaming…
Devin Boutte, a professional American football player for the New England Patriots, faces legal troubles stemming from nearly 9,000 wagers he placed in his native Louisiana between April 2022 and May 2023 while underage. The Louisiana State Police Gaming Enforcement Division arrested Boutte, who was just 20 years old when making these bets, violating the minimum legal age of 21 to participate in sports betting in Louisiana. To circumvent age restrictions, Boutte allegedly used an alias during his betting activities, all while being an active member of the Louisiana State University (LSU) football team. Among his numerous wagers, at least…
Betty, the online casino with a strong focus on the female gaming audience, has recently secured $5 million in pre-Series A funding in a round led by CEAS Investments. Notably, this fundraising effort comes as Betty gears up for its upcoming Series A round. Other participants in this round include Powerhouse Capital, HappyHour, and Courtside Ventures. Betty had previously raised $7 million in previous funding rounds, highlighting the growing confidence in the platform. Betty’s success lies in its unique approach to the online casino experience, tailored specifically for female players. The company places great emphasis on transparency, community-based play, and…
SOFTSWISS Casino Platform, a renowned online casino software provider, has unveiled its upgraded Tournament Service, aiming to elevate player engagement and enhance overall gaming experiences. This latest version of Tournaments brings increased flexibility and reliability to the platform, solidifying its role in the gaming industry. The Tournament Service’s primary objective is to immerse players in the world of online gambling. Internal research has shown significant positive effects, such as a 10–20% boost in Deposit Count and a twofold increase in Deposit Sum, resulting from the incorporation of tournaments. A standout feature of the Tournament Service is its real-time leaderboard, which…
Salsa Technology has introduced its groundbreaking Salsa Bingo Network, aimed at assisting operators in surmounting the challenges associated with establishing a successful bingo platform. This innovative network is poised to revolutionize the bingo industry by eliminating the substantial costs and complexities that have traditionally hindered the launch of a thriving bingo operation. The key feature of Salsa Technology’s solution is its ability to empower operators to effortlessly activate the bingo vertical through the Salsa Gator aggregator, all without incurring any additional expenses. Furthermore, the addition of bingo to an operator’s offerings can significantly bolster player acquisition efforts while concurrently contributing…
In a recent LinkedIn post, Cymerman confirmed his appointment to two significant roles within the gaming and entertainment industry. Cymerman is set to take on a senior position at Entain CEE, a move that comes after his tenure as the head of corporate development for the regional division. Notably, he also held the positions of business development manager and commercial manager at Entain in the past. Prior to his association with Entain, Cymerman served as a sales executive at IMG Media and spent a substantial part of his career in similar roles over a span of 20 months with Decade…
The annual Tax List, published by The Times newspaper, highlights the top 100 taxpayers in the UK. In 2023, these individuals collectively contributed a staggering £5.35 billion (€6.27 billion/$6.81 billion) in taxes. Notably, this year saw some noteworthy changes among the leading taxpayers. The Coates family, consisting of Denise, John, and Peter Coates, who serve as co-chief executives and chairman of Bet365, paid a substantial £375.9 million in taxes. While this remains a significant contribution, it marked a decrease from the £460.2 million they paid in the previous year’s list. Denise Coates, widely recognized as the richest self-made woman in…
In 2018, Mississippi made a significant move by legalizing sports betting, following the repeal of the 1992 Professional and Amateur Sports Protection Act (PASPA). However, the online sports betting landscape in the state has remained restricted to geofenced sportsbooks on casino properties. Now, two bills, HB271 and HB635, presented by Rep Cedric Burnett and Rep Jay McKnight, respectively, aim to change this by permitting sports enthusiasts to place bets via their mobile devices, regardless of their location within the state. This marks the sixth attempt to introduce online sports betting in Mississippi, with House Bill 606 having been signed into…
Marie Donoghue, a seasoned industry leader, is stepping into a new role as she joins DraftKings. In her capacity, she will collaborate with existing teams to identify fresh avenues for growth and take charge of crucial internal processes. Donoghue brings with her a wealth of experience, having spent five and a half years at Amazon, where she served as the Vice-President of Amazon’s US Sports Content & Partnerships division. Prior to that, she devoted over 19 years to ESPN, holding various senior positions, including Executive Vice-President of Global Business and Content Strategy, as well as Executive Vice-President of Global Strategy…