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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
November 11, 2024
Xpoint’s Win Against GeoComply Heralds a More Open Geolocation Market
Geolocation technology provider Xpoint achieved a significant legal victory after the US Court of Appeals for the Federal Circuit ruled last Friday that it had dismissed rival company GeoComply’s patent infringement allegations. This decision reinforces a prior judgment from the US District Court, which found GeoComply sought to patent on non-patentable subject matter. This Ruling […]
Sports
November 8, 2024
PENN Entertainment Remains Bullish on ESPN BET Despite Mixed Q3 Performance
PENN Entertainment announced its third-quarter results, showcasing stellar performance in retail revenues and ongoing challenges in the digital space. Q3 retail revenue reached $1.4 billion with an adjusted EBITDA of $472 million, surpassing earlier projections. However, the Interactive segment recorded a $91 million EBITDA loss on $141 million in adjusted revenue as PENN continues to […]
Sports
November 8, 2024
Swedish Operators Call for Urgent Gambling Reforms
Sweden’s Gambling Industry Association (Sper) has called on Sweden’s government to ramp up efforts to overhaul gambling regulations following troubling new data indicating a decline in licensed market participation. ATG, one of Sweden’s major licensed gambling operators, estimates that market channelization may have fallen as low as 71% despite the government’s stated goal of 90%. […]
Industry
November 7, 2024
GamCare Shifts Its Focus to the Banking Sector
In a strategic shift, the UK gambling charity GamCare has announced that it will no longer provide its Safer Gambling Standard services for gambling operators past 2024, redirecting the focus to supporting financial institutions in tackling gambling-related harm. This decision aligns with GamCare’s pledge to focus on providing direct support and broader, cross-sector projects. This […]
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. […]
