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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.
Esports
June 2, 2022
Allied Esports on the Slow Road to Recovery
Allied Esports Entertainment Inc. recently announced its fourth quarter and 2021 annual financial results. The esports organizer reported a net loss of $6.3million for the quarter and $15.8 million for the entire year. This marks an improvement over 2020’s results when the Irvine, California-based esports company posted net losses of $31.7million. Things Are Starting to […]
Business
June 2, 2022
VICI Properties Adds Two New Senior Members
VICI Properties Inc., a prominent real estate investment trust, announced Wednesday that it is appointing two new members to key positions. Kellan Florio will assume the role of chief investment officer and senior vice president, while Moira McCloskey will become vice president, of capital markets. VICI is currently the largest casino REIT (Gaming real estate […]
Casino
June 1, 2022
PAGCOR to Investigate Alleged Hostile Takeover of Okada Manila
A recent incident at casino resort Okada Manila involving an on-site confrontation and accusations of violence led to an investigation by the Philippine gaming authorities. The event happened after a group linked to the casino’s former chairman, Kazuo Okada, reportedly forced their way into the resort. A Revenge Story in the Making The chain of […]
Industry
June 1, 2022
Island of Alderney Remains Prominent Player in Online Gambling Regulation
The island of Alderney made nearly £2 million ($2.52 million) from eGambling throughout 2021. The small, rocky patch of land is a prominent hi-tech international hub for gaming companies and hosts many of the biggest names in the industry. The Tiny Island Rivals Other Offshore Behemoths Such as Malta, Gibraltar, and the Isle of Man […]
Casino
May 31, 2022
Bloomberry Resorts Is on Its Way to Recovery after the Pandemic
Analysts at investment bank Morgan Stanley recently raised the earnings estimates of Bloomberry Resorts after the Philippines-based operator performed better than expected following Q1 of this year. Bloomberry is now projected to reach 71% of its 2019 EBITDA by the end of the fourth quarter, totaling PHP14 billion ($267.6 million). Bloomberry Is Steadily Returning to […]
Casino
May 31, 2022
Lady Luck Acquires Games Studio ReelNRG in $850,000 Deal
A recently completed acquisition deal saw LL Lucky Games, the parent company of Lady Luck, acquire London-based games studio ReelNRG. The purchase price consists of 2.5 million newly issued shares worth SEK 3.3 each and totals $850,000. The Acquisition to Provide Lady Luck with Additional Products and Increased Market Reach Calvin Kent, CEO of ReelNRG, […]
Casino
May 30, 2022
NeoGames Completes Its Offer to Acquire Aspire Global
NeoGames S.A., a prominent online lottery provider, announced on January 17 2022 that it had made an acquisition offer to Aspire Global plc, a Malta-based business-to-business (B2B) provider of iGaming solutions for the online gaming market. Aspire Global shareholders who accept the deal will receive a combination of cash and newly issued shares in NeoGames. […]
Business
May 27, 2022
VICI Stock Attracts Significant Investments during Market Decline
During the first quarter of 2022, Point72 Asset Management, a hedge fund headed by Mets owner Steve Cohen, bought up 633,800 shares of VICI Properties. This comes amidst a slumping market and is likely an attempt by Cohen to adopt a more defensive strategy. Cohen Is Playing It Safe with Low-Risk Purchases It looks like […]
Casino
May 26, 2022
Two Crystal Cruise Liners Up for Auction after Owner Defaults on Loans
Crystal Symphony and Crystal Serenity, the two largest cruise ships belonging to operator Crystal Cruises, will be auctioned off on June 7. The authorities seized the vessels not long after parent company Genting Hong Kong defaulted on its loans. The Two Vessels Are Old but Retain Much of Their Original Value The company is yet […]
Casino
May 26, 2022
Resorts World Strikes 3-Year Deal with Culinary Union
The Culinary and Bartenders Unions recently announced that they had reached a tentative agreement with Resorts World for a new, three-year contract. This unionization effort is the first of its kind for the Las Vegas branch of the gambling giant and will cover 2,000 of the company’s employees. The contract will come into effect on […]
