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Angel Hristov's latest articles
Business
March 6, 2025
Bally’s Posts Mixed Q4, Cancels Earnings Call as Shares Plummet
Bally’s Corporation suddenly canceled its earnings call shortly after its stock’s value plummeted. The company’s Q4 report wasn’t very reassuring either, as EBITDA remained unimpressive across all segments, suggesting a troubled period for the American operator. The Earnings Call Was Canceled On March 5, Bally’s Corporation’s shares took a sudden dip, experiencing a 23.6% decline […]
Industry
March 5, 2025
SPGA Says New York’s Proposed Sweeps Ban Would Hurt Small Businesses
The Social and Promotional Games Association (SPGA), an industry body promoting a responsible sweepstakes sector and championing the rights of the sweepstakes industry, has responded to New York’s mulled sweepstakes ban. The association firmly opposed the measure, arguing that it would hurt smaller businesses in the state. SB 5935 Seeks to Put an End to […]
Industry
March 5, 2025
Report Highlights Increase in Gambling Spending in Australia, Calls for Stricter Regulations
A new report has discovered that gambling is creating a “black hole” in Australians’ household budgets. According to the research, the total annual gambling losses for 2022/23 amounted to AUD 1,527 ($960) for every Aussie adult. A Black Hole in Household Budgets The report was compiled by Equity Economics in partnership with the Alliance for […]
Business
March 4, 2025
Genius Sports’ Q4 and FY 2024 Report Highlights Strong Financials
Genius Sports has become the latest sports data company to publish its Q4 and full-year report. The company has likewise posted its guidance for 2025, confirming that it expects its metrics to continue hiking. Genius Sports’ Metrics Increased Across the Board In the fourth quarter of the year, Genius Sports’ group revenue was up 38% […]
Business
March 4, 2025
Adventure Box to Spend $16M on iGaming Assets Acquisition
Adventure Box Technology, a Swedish computer game technology company based in Stockholm, announced that it has entered into a non-binding Letter of Intent to purchase a portfolio of iGaming assets. This move reflects Adventure Box’s continued intense M&A activity. Adventure Box Seeks Affiliate Marketing Growth According to the announcement, the new assets will highlight the […]
Industry
March 4, 2025
Aspire Global Hit with a $1.8M Penalty in the UK
The United Kingdom’s Gambling Commission (UKGC) announced that it has issued a £1.4 million ($1.8 million) penalty to AspireGlobal for social responsibility and AML failures. The money will fund socially responsible causes in the UK, the regulator confirmed. The Operator Will Have to Pay a Huge Penalty The UKGC said that AG Communications Limited, which […]
Industry
March 4, 2025
NCPG Welcomes Problem Gambling Awareness Month, Promotes Understanding
The National Council on Problem Gambling (NCPG) in the United States has celebrated the beginning of Problem Gambling Awareness Month (PGAM), vowing to seek an enhanced understanding of gambling problems. PGAM Is Underway Once Again PGAM is an annual initiative taking place every March when industry stakeholders, health associations, sports entities and regulators join forces […]
Business
February 28, 2025
MGM Resorts & BetMGM Renew Safer Gambling Partnerships in Preparation for PGAM
MGM Resorts International and the BetMGM brand announced the expansion of several “groundbreaking collaborations” focused on gambling harm research and prevention. The announcement comes ahead of National Problem Gambling Awareness Month. Problem Gambling Awareness Month is a time when industry stakeholders join forces to promote safer play, discourage unhealthy gambling habits, and spread awareness of […]
Sports
February 28, 2025
ALT Sports Data to Develop Betting Odds for Formula 1
Formula 1 (F1), the highest class of international racing for open-wheel single-seater formula racing cars sanctioned by the Fédération Internationale de l’Automobile, has unveiled a new gaming-oriented partnership. ALT Sports Data Joins F1 as Official Betting Data Supplier According to the official announcement, ALT Sports Data, a company that provides operators with a seamless path […]
Industry
February 27, 2025
Cases of Potential Match-Fixing in the Netherlands Spiked in 2024
The Netherlands has reported a spike in potential instances of match-fixing in 2024. The Dutch gambling regulator, Kansspelautoriteit (KSA), published its Match-Fixing Trend Analysis for 2024, highlighting disconcerting figures. The Number of Reports Spiked According to the KSA’s report, its Sports Betting Intelligence Unit received a total of 13 reports from its licensees in 2024. […]
