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Angel Hristov's latest articles
Industry
May 21, 2024
BGC’s Levy Payments to HBLB Increase for the Third Year in a Row
Britain’s Betting and Gaming Council announced that its members are expected to contribute a record £105 million ($133.6 million) in levy payments to the Horserace Betting Levy Board (HBLB) for last year. This figure would mark an increase of £5 million and is notably the third consecutive year of year-on-year increase. For context, the BGC’s […]
Business
May 21, 2024
Allwyn Publishes Preliminary Unaudited Q1 Update
Allwyn has published a Q1 trading update, outlining certain preliminary figures. The announcement coincided with the launch of an offering of a USD-denominated Term Loan B in the principal amount of $450 million. The current update came ahead of the announcement of the company’s unaudited Q1 results which is set to take place on June […]
Business
May 21, 2024
Entain Concludes Strategic Review, Eyes Crystalbet Sale
Entain, a global sports betting and gaming giant, announced that its board’s Capital Allocation Committee (CapCo) has concluded its strategic review. The company had tasked the CapCo with creating a value optimization plan in January, asking it to thoroughly evaluate its business, markets, brands and verticals. After carefully considering various opportunities, the committee concluded that […]
Casino
May 21, 2024
BetMGM Doubles Down on Omnichannel Strategy with Rakin’ Bacon Odyssey
Global gaming powerhouse BetMGM unveiled the launch of a new slot game that fans in Michigan will be able to try out. The new title is called Rakin’ Bacon Odyssey and was launched in partnership with PlayAGS. The multichannel game will be exclusively available to retail and online players in the Great Lake State. The […]
Business
May 20, 2024
PointsBet Updates Its FY 2024 EBITDA Guidance
PointsBet Holdings, a corporate ASX-listed bookmaker, has published a new update, drastically improving its EBITDA guidance. The announcement comes amid strong year-to-date trading and increased operational efficiency and productivity, the company announced. As announced by PointsBet, the operator now expects normalized EBITDA loss for the fiscal year to be in the range of AUD 4 […]
Industry
May 20, 2024
Bulgaria Bans Gambling Ads; Prohibits Casinos in Underpopulated Areas
After months of discussions, Bulgaria has finally implemented a ban on gambling ads. The measure was signed into law by president Rumen Radev, preventing gambling companies from freely marketing their products. Under the new ad regime, operators are unable to promote their products across all forms of media. The controversial ban still allows gambling companies […]
Casino
May 20, 2024
Mohegan Sun Visitor Wins $483K Super 4 Progressive Jackpot
A lucky casino goer from Nassau Country, New York, has won a life-changing jackpot after a visit to the Mohegan Sun casino in Connecticut. On Monday, the guest hit a $483,622.40 prize playing blackjack at the tribal venue. The visitor won the Super 4 Progressive Jackpot – a prize offered to customers who place an […]
Business
May 17, 2024
XLMedia’s FY 2023 Results Decrease amid Internal Restructuring
Sports and gaming digital media company XLMedia has published its audited results for FY 2023, outlining significant declines across the board. Key highlights included revenue of $50.3 million, down 29% year-on-year. For comparison, the company’s revenue for FY 2022 stood at $70.9 million. The decline in revenue resulted in a 26% decrease in gross profit […]
Business
May 17, 2024
AGT Parts Ways with CTO Bollesen with Immediate Effect
Ainsworth Game Technology (AGT) is parting ways with David Bollesen, its chief technology officer. The news was confirmed on May 16 in an official ASX announcement. The Australian Exchange filing noted that Bollesen is departing from the company “on mutual agreement, with immediate effect.” The company acknowledged his contributions and expert input and wished him […]
Industry
May 17, 2024
Maryland Buys Pimlico Race Course, Sets Out to Renovate the Track
The state of Maryland has agreed to purchase the historic Pimlico Race Course in a $1 deal. As the home of the Preakness Stakes, the Baltimore race track is of crucial importance to the Triple Crown, one of the most highly-anticipated events in the American racing calendar. According to the arrangement, Maryland will run the […]
