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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.
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 […]
Industry
November 6, 2024
South Africa Must Reform Casino Regulations to Exit FATF Grey List
South Africa is making a concerted effort to exit the Financial Action Task Force (FATF) grey list, targeting full compliance by mid-2025. Although the country has strengthened its anti-money laundering (AML) and counter-terrorist financing (CTF) policies since the FATF’s original 2021 evaluation and the subsequent follow-up report in 2023, issues like casino licensing and regulation […]
Business
November 5, 2024
Wynn Resorts Remains Optimistic on UAE Expansion Despite Underwhelming Q3 Results
Despite an unimpressive third-quarter earnings report, Wynn Resorts is doubling down on its ambitious expansion into the UAE, specifically through its landmark Wynn Al Marjan Island project in Ras Al Khaimah. CEO Craig Billings was optimistic about the UAE project, set to launch in 2027, as the operator expects it to usher in a new […]
Industry
November 5, 2024
$3.1M Tax Refund in Nevada Reveals Regulatory Loophole
In a settlement reached on Monday, the Nevada Gaming Commission agreed to refund Nevada Restaurant Services Inc. (NRSI), the operator of 41 casinos under brands such as Dotty’s and Bourbon Street Sports, a total of $3,120,197.28 in overpaid taxes. These overpayments resulted from an accounting error, over-inflating its tax payments. NRSI Uncovered Two More Years […]
Legal
November 4, 2024
Musk’s Sweepstakes Lawsuit Remains in Pennsylvania State Court
A federal judge has ruled that a lawsuit against America PAC, the Elon Musk-backed political action committee (PAC) supporting Donald Trump’s 2024 campaign, will remain in Pennsylvania state court. Philadelphia District Attorney Larry Krasner initiated the legal action, seeking to block America PAC’s controversial daily sweepstakes offering $1 million to registered voters in swing states. […]
Industry
November 4, 2024
Arkansas Casino Referendum Spending Tops $30M
With more than $30 million raised by rival casino interests, the high-dollar proxy war over a constitutional amendment has become one of the costliest political battles in recent Arkansas history as voters in Pope County prepare to go to the polls. The stakes couldn’t be higher for groups on both sides as the referendum could […]
Industry
November 1, 2024
Gambling Industry Rebukes Lancet Report, Suspecting Political Motives
A recent report by The Lancet, one of the world’s highest-impact academic journals, has drawn heavy criticism from within the gambling industry as stakeholders describe the analysis as one-sided and politically motivated. The report, published last week, warns of the public health risks associated with gambling, urging for stricter regulatory safeguards. The Study May Be […]
Industry
November 1, 2024
Macau October Gross Gaming Revenue Surges to New Heights
Macau’s gross gaming revenue (GGR) climbed to MOP 20.8 billion ($2.6 billion) in October, the best month the region has experienced since COVID-19 restrictions were relaxed at the beginning of last year. According to Macau’s Gaming Inspection and Coordination Bureau (DICJ), this figure surpasses the previous high of MOP 20.2 billion ($2.52 billion) set back […]
Industry
October 31, 2024
Virgin Bet Champions Women in Horse Racing with Doncaster Racecourse Event
Virgin Bet announced the second installment of its Women’s Day at the Virgin Bet November Handicap this Saturday, 9 November, at Doncaster Racecourse. It will celebrate and recognize the influential role of women in racing, highlighting Virgin Bet’s commitment to helping drive a more inclusive sporting environment. The Initiative Follows Up on Last Season’s Success […]
