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 Gambling News is always up to scratch.
Business
February 9, 2024
BetMGM Reports Strong FY 2023 Performance
BetMGM, a leading sports betting and iGaming operator jointly owned by MGM Resorts International and Entain, has announced robust financial results for the fiscal year 2023, according to unaudited figures. The recent report reflected on the performance of some key verticals, providing insights into the operator’s strategy and plans to tackle rising industry challenges. Most […]
Legal
February 9, 2024
Ukraine’s Cosmolot Faces Allegations of Tax Evasion and Unlicensed Gambling
In a significant development, Ukraine’s Bureau of Economic Security (BES) recently seized UAH 700 million ($18.6 million) from the accounts of one of the country’s largest gambling operators, Cosmolot. The move comes as the casino faces accusations of evading UAH 1.2 billion ($31.9 million) in taxes. Cosmolot has denied all allegations and is ready to […]
Industry
February 8, 2024
ICE London 2024 Showcases Global Gaming Excellence
ICE London, the world’s premier gaming event, entered its second day with a flurry of activities, bringing together gaming industry leaders, innovators, and enthusiasts from 75 nations across the globe. With 632 exhibitors, ICE London continues to be the epicenter for gaming industry collaboration and advancement. Day two offered a comprehensive outlook on the industry, […]
Business
February 8, 2024
Wynn Macau Surpasses Q4 Expectations with Strong Revenues
In a notable rebound, Wynn Macau Ltd, the Macau-based casino operator and subsidiary of Wynn Resorts Ltd, has reported impressive financial results for the fourth quarter of 2023. According to a filing with the Hong Kong Stock Exchange, the company recorded total operating revenues of $910.6 million, an 11.1% increase from the previous quarter. This […]
Industry
February 7, 2024
ICE 2024 Raises over £41,000 for Charities
In a heartening display of industry commitment to responsible gambling, the Consumer Protection Zone (CPZ) at ICE 2024 has raised £41,100 ($51,800), which will go to two charities: the International Centre for Responsible Gambling (ICRG) and Betblocker. This newest contribution brings the total raised by CPZ to more than £225,000 ($283,600) over the last four […]
Industry
February 7, 2024
Kwiff Expands Horseracing Offerings with RMG Streaming Partnership
In a strategic move to enhance its horseracing offerings, betting operator Kwiff has inked a streaming agreement with Racecourse Media Group (RMG). This collaboration opens the gates for Kwiff players to access a plethora of UK and Irish racing content from RMG’s extensive network of 35 racecourses, boasting nearly 1,200 race meetings annually. The Two […]
Business
February 6, 2024
Rivalry Eyes Strategic Expansion Following In-House Online Casino Success
Rivalry’s newest press release highlighted its ambition to redefine the future of online betting for the digitally native generation. Exiting 2023 as a transformed entity, the company has ventured into new verticals, broadening its scope. These efforts can lead to new B2B licensing opportunities, delivering lasting value and enabling further growth. Success across Multiple Verticals […]
Legal
February 6, 2024
FanDuel Asked to Reimburse $20M Stolen by Former Jaguars Employee
The Jacksonville Jaguars are communicating with FanDuel to seek reimbursement for approximately $20 million lost on the platform by a former employee. The perpetrator stole millions from the team, using most of them to wager on FanDuel’s daily fantasy sports offerings. Despite these assets’ stolen nature, the operator’s legal obligation to return them remains unclear. […]
Legal
February 6, 2024
Malta Gaming Authority Distances Itself from Italian Mafia Figure
In the wake of Italy’s “Operation Galaxy,” where authorities seized €400 million ($433 million) in assets linked to organized crime, the Malta Gaming Authority (MGA) has emphatically denied any connection to the criminal mastermind behind the illegal gambling ring. The MGA issued an official statement, noting it would continue cooperating with authorities and closely monitoring […]
Industry
February 5, 2024
Brazil Takes Center Stage in Gambling Regulation
Brazil’s Ministry of Finance has achieved significant progress toward regulating its burgeoning gambling industry by introducing the Secretariat for Prizes and Betting (SPA). This strategic move is part of a broader governmental initiative to enhance control and bring legal oversight to the rapidly evolving landscape of gambling within the country’s borders. A New Regulator for […]
