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- Deyan Dimitrov
Deyan Dimitrov's latest articles
Deyan Dimitrov
AuthorDeyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for GamblingNews is always up to scratch.
Industry
November 13, 2024
Brazilian Senate Launches CPI to Evaluate the Influence of Online Betting
The Brazilian Senate has formally initiated its Parliamentary Commission of Inquiry (CPI) of Bets, which will follow up on the rapid growth and alleged irregularities of online betting businesses that operate in Brazil. The new commission will investigate the financial consequences of online betting on family budgets, possible links to organized crime in the betting […]
Industry
November 13, 2024
Seneca Nation Presses for New Gaming Compact with New York State
J.C. Seneca, the newly elected president of the Seneca Nation of Indians, takes office at a pivotal time as the Nation seeks to renegotiate its gaming compact with New York State. Seneca winning more than 87% of the vote reflects the Nation’s growing discontent with Governor Kathy Hochul’s lack of motivation to address such concerns. […]
Blockchain
November 12, 2024
Crypto Casino and Sportsbook BetHog Launches with $6M Seed Funding
BetHog, a fresh cryptocurrency casino and sportsbook from the founders of FanDuel has successfully conducted its Alpha launch. The company announced it has raised $6 million in seed funding. The round was led by investing firm 6MV, with participation from Will Ventures, Bullpen Capital, Karatage, Advancit Capital, and other prominent investors, boding well for its […]
Legal
November 12, 2024
Casino Crime Update: From Robbery to Gambling Rings
New spikes of casino-related crimes across the USA have highlighted issues ranging from violent robberies and fatal shootings to fraud and illegal gambling operations. Some of the recent cases further shaped the ongoing discussions on casino security and law enforcement efforts as more US states consider legalizing gambling. Casino Crime Can Vary in Severity A […]
Business
November 11, 2024
Game Lounge Expands Global Reach with Meneer Casino Acquisition
Game Lounge, a leading global iGaming affiliate company, has struck a strategic deal to strengthen its European presence by acquiring Two Kings Consultants B.V., the parent company of the acclaimed Dutch iGaming affiliate site Meneer Casino. This strategic acquisition aligns with Game Lounge’s ambitions to expand into regulated markets. The Two Companies Have a Shared […]
Industry
November 11, 2024
Xpoint’s Win Against GeoComply Heralds a More Open Geolocation Market
Geolocation technology provider Xpoint achieved a significant legal victory after the US Court of Appeals for the Federal Circuit ruled last Friday that it had dismissed rival company GeoComply’s patent infringement allegations. This decision reinforces a prior judgment from the US District Court, which found GeoComply sought to patent on non-patentable subject matter. This Ruling […]
Sports
November 8, 2024
PENN Entertainment Remains Bullish on ESPN BET Despite Mixed Q3 Performance
PENN Entertainment announced its third-quarter results, showcasing stellar performance in retail revenues and ongoing challenges in the digital space. Q3 retail revenue reached $1.4 billion with an adjusted EBITDA of $472 million, surpassing earlier projections. However, the Interactive segment recorded a $91 million EBITDA loss on $141 million in adjusted revenue as PENN continues to […]
Sports
November 8, 2024
Swedish Operators Call for Urgent Gambling Reforms
Sweden’s Gambling Industry Association (Sper) has called on Sweden’s government to ramp up efforts to overhaul gambling regulations following troubling new data indicating a decline in licensed market participation. ATG, one of Sweden’s major licensed gambling operators, estimates that market channelization may have fallen as low as 71% despite the government’s stated goal of 90%. […]
Business
November 7, 2024
Catena Media Considers Additional Cost-Cutting amid Rough Q3 Financials
Catena Media is eyeing new cost-cutting measures after challenging third-quarter results in 2024. The Malta-based company, specializing in digital marketing for the online gambling sector, saw its quarterly revenues dip by one-third, from EUR 15.9 million ($17.2 million) to EUR 10.7 million ($11.58 million) year-on-year. These results mark a trend of revenue decline that CEO […]
Industry
November 6, 2024
Brazilian Senate Remains Divided on Gambling Legalization
Brazil Senate President Rodrigo Pacheco reaffirmed his commitment to a parliamentary commission of inquiry (CPI) on online betting, noting that the need for enhanced monitoring and regulation of online betting is becoming increasingly evident. Despite tax reform dominating the legislative agenda, Pacheco stated that the CPI on betting must not be sidelined, citing rising consumer […]