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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.
Industry
January 7, 2025
Brazil to Intensify Crackdown on Unlicensed Gambling Operators
The Brazilian government is taking decisive measures to regulate its burgeoning gambling sector and crack down on black market operators. According to Regis Dudena, head of the Secretariat of Prizes and Bets (SPA) under the Ministry of Finance, Brazil’s new gambling rules will give the regulator a clear avenue to crack down on unlicensed entities, […]
Legal
January 7, 2025
Foreign Workers Escape from Cambodia Casino Allegedly Linked to Human Trafficking
Nearly 60 foreign workers from Nepal and Pakistan made a dramatic escape from a casino complex in northern Cambodia, where they reportedly had to endure forced labor and physical abuse. Armed with metal rods fashioned from bed frames, the workers overpowered security guards at the O-Smach resort, located near the Thai border, and fled the […]
Industry
January 6, 2025
Finland Advances Gambling Legislation Review Amidst Social Impact Concerns
Finland is pushing ahead with its proposed gambling laws review, although questions persist about the potential for increased gambling harms under the new framework. Lainsäädännön arviointineuvosto, an independent Legislative Review Council charged with evaluating the nation’s legislative proposals, released its findings on 2 January. The body called for more detailed assessments of the new legislation’s […]
Industry
January 6, 2025
Dutch Gaming Authority Issues €1.05M Fine to Unregulated Operator
The Netherlands Gaming Authority, KSA (Kansspelautoriteit), recently announced it had fined Alimaniere Sociedad De Responsabilidad Limitada, a Costa Rica-based gambling operator, €1.05 million ($1.09 million) for providing unlicensed online gambling services to Dutch players. The regulator maintains strict oversight over the country’s gaming sector, ensuring all licensed companies abide by strict customer protection requirements. The […]
Business
January 3, 2025
Disappointing Online Betting Results Hamper Caesars’ Q4 Outlook
J.P. Morgan analyst Joseph Greff has adjusted Caesars’ Q4 Las Vegas Strip cash flow estimate to $485 million from $499 million, highlighting several negative factors that hurt revenues. However, this new estimate still marks a strong result considering Q4 2023’s $489 million figure. Greff also adjusted his price target for Caesars’ shares, lowering it from […]
Casino
January 3, 2025
MGM Resorts Set to Continue Increasing Fees in 2025
MGM Resorts International is reportedly exploring a series of new revenue-enhancing strategies for 2025. These initiatives will build upon recent measures in the company’s Las Vegas properties, such as resort and parking fee increases. These measures come as the company faces headwinds in its traditional brick-and-mortar casino operations, hopefully giving it additional leeway to adapt […]
Casino
January 2, 2025
Coquille Tribe One Step Closer to Medford Casino Despite Rising Backlash
The Biden administration has found itself at the center of a political firestorm following its approval of a Final Environmental Impact Statement (FEIS) for the Coquille Tribe’s long-contested plan to establish an off-reservation casino in Medford, Oregon. Several Native American tribes, along with local politicians and community leaders, have staunchly opposed the proposal, citing threats […]
Business
January 2, 2025
DraftKings Shares Underperform amid Insider Selling
DraftKings Inc. had a tough December, with its shares falling 10.62% over the last month. This underperformance contrasts the broader market, with the Consumer Discretionary sector down just 0.11% and the S&P 500 Index up 0.4%. Retail investors are also unhappy due to 2024’s significant insider stock selling, which did not help DraftKinds’ shares. DraftKings […]
Legal
December 30, 2024
Turkey Escalates Crackdown on Illegal Gambling
Turkey is stepping up its efforts to combat illegal gambling and cybercrime with a major operation launched by the Ministry of Interior. The nation’s most recent crackdown exposed a vast network of illicit activities that span financial fraud, unauthorized system access, and illegal betting. The operation underlines the government’s commitment to combating crimes threatening social […]
Legal
December 30, 2024
Swish Analytics Sues Odds Providers OddsJam and OpticsOdds over Alleged Misappropriation
San Francisco-based sports betting technology company Swish Analytics has filed a lawsuit against rivals OddsJam and OpticsOdds, accusing them of unlawfully misappropriating its proprietary sports betting odds. The lawsuit, filed in San Francisco Superior Court, alleges that the two companies scraped Swish’s odds data directly from the website of its sportsbook customers, repackaged it, and […]
