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Angel Hristov's latest articles
Business
October 1, 2024
Gentoo Media and GiG Software Complete Long-Planned Business Split
Gaming Innovation Group has officially completed its strategic business split into Gentoo Media and GiG Software. According to the announcement, the division was finalized on September 30. Gentoo Media Hailed the Split The company’s split has been several months in the making and has now finally been enacted. Gentoo Media will therefore continue as an […]
Industry
September 30, 2024
US Tax Foundation Discusses the Disparity in State Betting Taxes
The Tax Foundation has published a report on the various states’ approach to how sports betting should be taxed. The foundation highlighted noticeable disparities between states with high taxes and ones in low taxes. The Tax Rates Vary from State to State The report pointed out that New York, New Hampshire and Rhode Island have […]
Business
September 26, 2024
Star Entertainment’s Financial Struggles Continued in FY 2024
The Star Entertainment Group published its financials for the fiscal year, reporting a continued decline amid business and regulatory headwinds. However, the company management remains focused on demonstrating its compliance and generating shareholder value. The Star’s Financials Were Suboptimal Star Entertainment reported FY 2024 revenue of almost AUD 1.7 billion ($1.17 billion). This figure represented […]
Legal
September 26, 2024
UKGC Takes Sorare to Court for Illegal Gambling
The United Kingdom’s Gambling Commission announced that it is taking the soccer-themed website Sorare.com to court. The company, which partners with the English Premier League, has been charged with the provision of “unlicensed gambling facilities to consumers in Britain.” Sorare Under Regulatory Scrutiny Sorare, for context, offers a crypto-based fantasy sports game. It was developed […]
Industry
September 25, 2024
Spelinspektionen to Study the Black Market
The Spelinspektionen, Sweden’s gambling regulator, continues its fight to protect Swedish consumers from the harm caused by black market operators. To that end, the authority will now compile a new “situational study” of the situation that will help it in the future war on illegal gambling. The Regulator Aims to Protect the Public In its […]
Industry
September 25, 2024
ASA Orders Social Casinos to Take Down Misleading Ads
The United Kingdom’s Advertising Standards Authority (ASA) has reprimanded five advertisers for misleading social casino ads. The sponsored ads were aired on TikTok and were falsely implying that people could win real money when that was not the case. The Ads Were Misleading, According to the ASA The five companies that got reprimanded by the […]
Legal
September 25, 2024
Authorities Arrest VIP Gaming Lounge Robber
The North Sioux City Police have arrested a man shortly after he tried to rob a gaming lounge in the city. The 29-year-old suspect has been booked at The Woodbury County Jail on Sunday, according to reports. The Man Attempted to Rob a Casino Richard Headid, chief of the local police, said that his team […]
Industry
September 24, 2024
Entain Supports Stricter Measures Against the UK Black Market
British gambling giant Entain has backed a new report, which sets out “highly effective countermeasures” against the black market. Some of the highlights include proposals to blacklist offshore operators, restrict marketing and payment provision and boost regulatory enforcement efforts. Overall, Entain and the report argued that the government should implement new policies amid growing competition […]
Industry
September 24, 2024
KSA Imposes Penalty Payment Order to Luxurybingods
The Dutch gambling authority, the Kansspelautoriteit (KSA) announced that it has imposed a penalty payment order to Luxurybingods, an operator that offered and promoted unauthorized bingo games in the Netherlands. Luxurybingods Offered and Advertised Unlicensed Bingo The KSA emphasized that Luxurybingods targeted Dutch audiences with bingo content that violated the local rules. The KSA first […]
Sports
September 24, 2024
Soccer Pro Exposes China’s Match Fixing Problem
A professional soccer player from China has had enough of all the match-fixing going on. In an interview with The South China Morning Post, the player provided insight into the severity of this problem. The Pandemic Exacerbated the Issue The player, who preferred to remain anonymous, said that the pandemic provided ample opportunities for coaches […]
