Angel Hristov's latest articles
Business
May 8, 2024
Elys Signs Agreement to Sell the Newgioco Brand
Elys BMG Group, a gambling operator and provider, announced its intention to sell its Italy-facing B2C subsidiary Multigioco. The latter company, which operates the Italian gambling site Newgioco, will be sold to a buyer that Elys refrained from naming. Multigioco is based in Rome and, through its Newgioco site, offers gaming to Italian audiences. While […]
Industry
May 8, 2024
DraftKings Casino Handed Millions in Jackpots in April
The DraftKings Network has published information about the biggest DraftKings Casino jackpot winners in April. By the end of the month, the operator had handed a total of 18 jackpots of over $100,000. The jackpots were won by people in a variety of states engaging in different forms of gambling, such as virtual tables and […]
Business
May 7, 2024
Kambi Repurchases 55K Shares as Part of Its Buyback Program
Kambi Group, a provider of premium sports betting services to licensed B2C gaming operators, announced that it has completed the repurchase of tens of thousands of shares. This move aligns with the company’s share buyback program approved during the extraordinary general meeting on June 19, 2023. According to the announcement, the company has repurchased a […]
Business
May 7, 2024
End of an Era: Sweden Considers Discontinuing Casino Cosmopol
The Swedish government has proposed the discontinuation of Svenska Spel’s land-based business, Casino Cosmopol. According to a memorandum published on May 7, the casino brand is no longer capable of fulfilling its purpose. The government cited Casino Cosmopol’s financial challenges as part of the reason for the proposal. Swedish lawmakers also noted that the closure […]
Business
May 7, 2024
GiG Posts Q1 Financials, Says Its Ready for Its Business Split
Gaming Innovation Group, a leading iGaming technology company, providing solutions, products and services to iGaming operators, has published its Q1 results, reporting all-time-high revenues and confirming its readiness to split its business. For context, the GiG Media division reported revenues of EUR 28 million ($30.2 million), representing a new record. This figure marks a 52% […]
Business
May 7, 2024
Ainsworth Adds Legal & Compliance Heavyweight to Its Team
Ainsworth Game Technology (AGT), a leading manufacturer and supplier of gaming machines, software and gaming equipment, has strengthened its leadership team with the appointment of Nancy Ramirez Ayala. The new hire will join AGT’s team as SVP, general counsel and group compliance officer. Ayala brings robust expertise in the iGaming sector to the team. Well-versed […]
Business
May 6, 2024
IC360 Forms Historic Geolocation Partnership with Radar
Integrity Compliance 360 (IC360), an integrity and compliance specialist formed through the recent merger between US Integrity and Odds On Compliance, has unveiled a strategic partnership with Radar, a recognized leader in geolocation technology. The tie-up will combine the two parties’ strengths in location intelligence, gaming compliance and integrity monitoring to deliver a state-of-the-art suite […]
Sports
May 6, 2024
Maine’s Sports Betting Tax Revenue Declined as Fans Won Big
The Maine Gambling Control Unit has disclosed information about the local sports betting market’s performance in March. While the month attracted a record-breaking volume of bets, operators’ hold percentage was quite low, resulting in a decline in tax revenue. For context, Maine’s sportsbooks recorded approximately $48 million in bets. This figure represents a month-on-month increase […]
Industry
May 3, 2024
Sweden to Introduce New Anti-Match-Fixing Measures from July 1
Swedish lawmakers have unveiled new measures to reduce match-fixing and maintain the integrity of sports betting. Speaking at a joint press conference, the country’s financial markets minister, Niklas Wykman and Spelinspektionen’s director general, Camilla Rosenberg, said that the new measures would come into force on July 1, 2024. Under the current system, sports leagues, betting […]
Casino
May 3, 2024
Queensland Says CTFE Is Suitable to Be Associated with Star Entertainment
The Queensland government has determined that Chow Tai Fook Enterprises (CTFE) is suitable to be associated with Star Entertainment Group’s Queen’s Wharf Brisbane property. The investigation into the matter came in the wake of Star Entertainment’s violations and apparent ties with Asian junket operators. For context, Star Entertainment was previously found guilty of multiple AML […]
