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Angel Hristov's latest articles
Business
October 4, 2023
Paddy Power to Close 21 Shops, Promises to Support Affected Employees
Irish gambling company Paddy Power is set to close several shops in the country, local media outlets announced. According to the reports, the operator will be shutting down a total of 21 of its retail locations across Ireland. The company plans to close the venues in question because of their failure to perform well enough. […]
Legal
October 4, 2023
Singapore Authorities Have Seized over $2B in Latest Money Laundering Case
In August, Singaporean authorities busted a huge illegal gambling and money laundering operation, seizing hundreds of millions of dollars in the process. A few weeks later, the investigators provided an update, saying that the value of the cash and assets they have seized so far is actually north of $2 billion. The scheme involved a […]
Industry
October 4, 2023
NY Regulator Approves Fanatics as the Successor of PointsBet’s License
Earlier this year, Fanatics Betting and Gaming acquired PointsBet’s US assets as the latter company announced its exit from America. The latter company sold its US-facing business for $225 million, which it plans to use to fatten up its cash reserves and pay millions in capital returns to shareholders. In the meantime, Fanatics secured a […]
Business
October 4, 2023
Mkodo Provides Geolocation Services to the Arizona State Lottery
Mkodo, a Pollard Banknote-owned supplier of mobile and front-end technology, has made a foray into the United States thanks to a partnership with the Arizona State Lottery. Under the agreement, the former company will supply the lottery operator with its robust geolocation tool, GeoLocs. GeoLocs is a reliable geolocation service that Pollard Banknote and mkodo’s […]
Industry
October 3, 2023
Colorado Division of Gaming Clears Novig for Launch
Novig, an innovative sports betting market that seeks to redefine the wagering sector, has been greenlit to launch in Colorado by the Colorado Division of Gaming. Now boasting an Internet Sports Betting Operator license, the company will be able to make a foray into the lucrative US market. Colorado will notably be Novig’s first state. […]
Business
October 3, 2023
Allwyn Rebrands Camelot Illinois as Allwyn North America
Allwyn, a major international lottery company, has unveiled its intentions to rebrand Camelot Illinois, one of its subsidiaries, as Allwyn North America. The move follows Allwyn’s acquisition of the Camelot Lotteries Solutions group and reflects the former company’s ambition to form a consistent brand identity. According to Allwyn’s official announcement, the rebranding is in line […]
Business
October 3, 2023
Hacksaw Gaming Expands in Italy with NetBet
Hacksaw Gaming, a leading supplier of online casino games, has signed a new content agreement with NetBet Italy. Under the agreement, many of the provider’s best games will be integrated into the operator’s offering. As a result of the deal, players in Italy will be able to try out many of Hacksaw’s cutting-edge titles, including […]
Industry
October 3, 2023
Kansas Bettors Wagered $1.85B in the First Year of Sports Betting
Last year, Kansas launched its sports betting market, allowing operators to partner with local entities to set up shop in the state. A year later, the state reported that its betting industry had earned $7 million in state revenue. According to Matt Schwartz, Kansas Lottery’s finance director, Bettors have wagered a total of $1.85 billion […]
Business
October 2, 2023
Super Group Exits India Following the Introduction of New Regulations
Super Group, a holding company for leading global online sports betting and gaming businesses, has announced its departure from the Indian market. The announcement comes in the wake of the introduction of amendments to the Indian Goods and Services Tax. Into power as of October 1, these changes would cause trouble for the group, making […]
Industry
October 2, 2023
Thomas Winter Exits DraftKings, Reminisces about GNOG’s Rise to Prominence
Thomas Winter, DraftKings North America’s general manager, announced his departure from the company, citing the need for more personal time as the reason. Having founded Golden Nugget Online Gaming (GNOG), now owned by DraftKings, Winter has had a lot of good years as a key player in the gambling industry. After leading GNOG for a […]
