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- Angel Hristov
Angel Hristov's latest articles
Business
October 18, 2024
Entain Excels in Brazil But Executives Expect Growth to Slow Down
Entain, which just published its Q3 trading update, which highlighted favorable results, including the company’s rapid growth in Brazil. In the company’s earnings call, however, the company’s leadership suggested that this growth is likely to slow down a bit following the launch of Brazil’s regulated sports betting market. Entain Is No Longer Experiencing Regulatory Drag […]
Business
October 18, 2024
FDJ Posts YTD Results as Moody’s Reiterates Good ESG Rating
La Française des Jeux (FDJ) has published its official report for the first nine months of the year, reporting strong results in the wake of the merger with Kindred Group. The company’s recent acquisition cemented it as a “European champion” with a diversified and balanced profile. FDJ reported year-to-date revenue of EUR 2.01 billion ($2.18 […]
Business
October 18, 2024
Chris Rock Stars in Another BetMGM UK Campaign
BetMGM has once again onboarded Chris Rock for a marketing campaign in the United Kingdom. The comedian originally starred in the company’s launch campaign when the operator hit the British market and has now appeared in another advert. It’s Showtime! The new campaign was launched on October 17 and will be aired on TV, radio […]
Industry
October 17, 2024
ACMA Bans Two Offshore Operators as Blocked Sites Exceed 1,000
The Australian Communications and Media Authority (ACMA) continues its constant effort to fight of the gambling market. In its latest publication, the authority announced that it has ordered local internet service providers (ISPs) to block two more illegal gambling websites. Two Operators Added to ACMA’s Long List The ACMA said that its decision followed thorough […]
Business
October 17, 2024
Kindred Publishes Financial Update as Part of FDJ’s Takeover
Online gaming operator Kindred Group, has published a new financial update as part of its tender offer by the French national lottery operator La Française des Jeux (FDJ). Kindred is set to publish its full report on October 25. The Results Are in Line with Earlier Projections Kindred noted that the publication of its unaudited […]
Business
October 17, 2024
Entain Posts Favorable Q3 Figures, Decides Against Crystalbet Sale
Gambling giant Entain has posted a trading update for the third quarter of the year, highlighting results that were ahead of the forecasts. At the same time, Entain decided to retain the Crystalbet brand. The Q3 Results Were Unexpectedly Strong In its official report, Entain highlighted an 8% increase in its total group net gaming […]
Industry
October 16, 2024
Flutter CEO: UK Tax Hike Would Be in No One’s Interest
Peter Jackson, chief executive officer of Flutter Entertainment, commented on the UK’s ongoing gambling reforms amid talks about tax hikes. Echoing his recent point about the US market, he suggested that high tax rates tend to have adverse effects. Labour Should Speed Up the Regulatory Process In a post on LinkedIn, Jackson said that was […]
Industry
October 16, 2024
IGT Wins $5.3M Tender to Supply Tech to LET’s Manila Project
Gaming tech & content leader International Game Technology (IGT) has won a $5.3 million tender to supply its cutting-edge gaming equipment to LET Group Holdings’ new casino project in Manila. The former company’s experience and rich suite of products were major factors in the successful tender. The Supplier Will Empower the New Casino As per […]
Industry
October 15, 2024
VGCCC Slaps Crown Resorts with $1.3M Fine over Self-Exclusion Failures
The Victorian Gambling and Casino Control Commission (VGCCC) announced that it has slapped Crown Resorts with an AUD 2 million ($1.34 million) fine for self-exclusion violations. According to the authority, the Australian operator had allowed hundreds of self-excluded players to place bets at its local casino. The Breach Was Due to System & Control Failures […]
Business
October 15, 2024
Kindred Restructures Its Board Following FDJ’s Takeover
Kindred Group announced major changes to its board of directors following its takeover by La Française des Jeux (FDJ). The historic deal, which cemented FDJ as one of Europe’s biggest gambling companies, led to significant restructuring for Kindred. Kindred Unveils New Board Lineup According to Kindred’s announcement, several directors, including James H. Gemmel, Cédric Boireau, […]