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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
December 9, 2024
FanDuel Faces $10,000 Fine in Massachusetts for Betting Rule Violation
FanDuel Sportsbook is on the receiving end of a $10,000 fine issued by the Massachusetts Gaming Commission (MGC) after a compliance slip-up allowed wagering on in-state college teams, a clear violation of state sports betting regulations. This fine marks the second regulatory intervention in recent months, as BetMGM also faced sanctions in October. FanDuel Had […]
Industry
December 6, 2024
Analysts Apprehensive of Las Vegas, Optimistic About Macau’s Growth
Despite a promising outlook for Macau, analysts remain cautious about the trajectory of the Las Vegas gaming market as Strip revenues continue to show year-over-year declines. With the difficult comparisons against the strong performance in late 2023, there are still concerns regarding the near-term prospects of Nevada’s flagship gaming destination. The Strip Struggles to Regain […]
Industry
December 6, 2024
Swedish Court Reduces Fine Against Videoslots
The Linköping administrative court in Sweden has significantly reduced a fine imposed on Videoslots by the country’s gambling regulator, Spelinspektionen. The penalty, initially set at SEK 9 million ($827,000) for anti-money laundering (AML) and terrorist financing violations, was slashed to SEK 4 million ($367,000) after an appeal by the online casino operator. However, Spelinspektionen’s warning […]
Industry
December 5, 2024
Swedish Trade Association Head Calls for the Sale of Svenska Spel
Gustaf Hoffstedt, head of the Swedish Trade Association for Online Gambling (BOS), has reignited the debate over the state ownership of Svenska Spel, Sweden’s state-owned gambling operator. According to Hoffstedt, the Swedish government should sell its stake in Svenska Spel, adding that state ownership in a competitive market destroys the government’s neutrality. Svenska Spel’s Government […]
Business
December 5, 2024
Sportradar CFO Discusses Strategic Growth and Innovation
At the Morgan Stanley Global Consumer and Retail Conference held on 4 December, Sportradar’s CFO, Craig Felenstein, shared perspectives on the company’s growth trajectory and strategic priorities. Felenstein emphasized a balanced commitment to organic growth and targeted acquisitions, leveraging the company’s robust financial foundation to maintain momentum despite rising macroeconomic challenges. Sportradar Carefully Evaluates M&A […]
Legal
December 4, 2024
Former EU Justice Chief Faces Money Laundering Allegations
Didier Reynders, who until recently served as the European Commissioner for Justice, is now at the center of a Belgian police investigation into allegations of money laundering. The probe, focusing on transactions associated with the Belgian National Lottery, casts a shadow over the career of one of Belgium’s most prominent political figures and raises questions […]
Business
December 4, 2024
Dabble Onboards Former Tabcorp Executive as CSCO
Dabble, a fast-growing social betting platform, has appointed Brenden Varcoe, an experienced executive with extensive experience in the gaming, sports, and entertainment sectors, to the newly created role of chief strategy and commercial officer (CSCO). The appointment signals Dabble’s desire to expand its operations and explore strategic growth opportunities, potentially including a public listing. Varcoe […]
Blockchain
December 3, 2024
Norway to Investigate Crypto Firms and Gambling Operators for Ethical Breaches
Norway’s sovereign wealth fund, the largest in the world with assets totaling $1.8 trillion, will closely examine crypto companies and gambling operators for possible ethical infractions. According to a recent Reuters report, the investigation, led by the fund’s Council on Ethics, will focus on ensuring compliance with ethical standards. These efforts could result in penalties […]
Industry
December 3, 2024
Wyoming to Potentially Legalize Online Gambling in 2025
Wyoming is set to revisit the possibility of legalizing online casino gaming in 2025 after a favorable study from Spectrum Gaming Group. Representative Robert Davis, who spearheaded the initiative, intends to refile legislation based on the study results. A recent PlayUSA report revealed that the study showed iGaming has significant potential to raise millions of […]
Industry
December 2, 2024
UKGC Updates Operator AML Requirements
The UK Gambling Commission (UKGC) has implemented new anti-money laundering (AML) and counter-terrorist financing (CTF) requirements for gambling operators. These new requirements, effective 29 November 2024, will enhance industry supervision by clarifying the roles of key personnel and ensuring greater accountability. This change will also complement other regulatory updates to strengthen consumer protections. Key Personnel […]
