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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
September 11, 2024
Caesars Sportsbook to Replace GambetDC Kiosks in Washington DC
Caesars Sportsbook is poised to take over the GambetDC sports betting kiosks in Washington, DC, highlighting the city’s evolving sports betting landscape. Caesars announced Tuesday that 53 new sports betting kiosks were being installed across small businesses in the District with help from the DC Office of Lottery and Gaming. DC Bettors Have Unprecedented Choice […]
Industry
September 11, 2024
Norway’s Gambling Monopoly May Be Nearing Its End
Norway’s Conservative Party – Høyre – has called for the end of the Nordic nation’s long-standing gambling monopoly in its latest party manifesto. If successful, this effort could see a fully liberalized market as early as 2028. Norway remains the only Scandinavian country with a state-controlled gambling monopoly after its neighbors introduced milestone reforms to […]
Industry
September 10, 2024
India Holds Firm on 28% GST for Online Gaming despite Industry Pushback
According to the latest data by the Indian government, revenue from online gaming has reached ₹6,909 crore ($832 million) in just six months, rising by 412% despite the recent Goods and Services Tax (GST) hike to 28%. Finance Minister Nirmala Sitharaman confirmed these figures during the 54th meeting of the GST Council on 9 September […]
Business
September 10, 2024
Las Vegas Sands Increases Stake in Sands China
Las Vegas Sands (LVS) aims to consolidate its majority ownership in its Macau affiliate, Sands China, with a new capital injection of up to HK$800 million ($102.6 million). This tactical move by the gaming powerhouse will extend its majority ownership to nearly 72%, thus tightening control over Sands China’s activities in a pivotal time for […]
Legal
September 9, 2024
Australian Court Orders Foreign High Roller to Pay Back Gambling Debt
The Supreme Court in Brisbane has ordered high roller Yew Choy Wong to pay back some AUD 38 million to Star Entertainment Queensland. This came in response to the accumulation of significant gambling debt. Wong Accumulated a Debt He Refused to Pay Wong, for context, was invited to the Star Gold Coast casino in 2018. […]
Business
September 9, 2024
Betsson May Fuel Strategic Realignment with Three €100M Bonds
Stockholm-listed operator Betsson AB announced it is considering issuing new EUR-denominated senior unsecured bonds with a three-year tenor. The potential issue, valued at EUR 100 million ($110.46 million) under a framework of EUR 250 million ($276.15 million), comes as part of the company’s broader financial strategy to refinance outstanding bonds and support general corporate purposes […]
Legal
September 9, 2024
Mansion Group Wins Second High-Profile Court Case in Gibraltar
In a significant legal development, the Gibraltar Supreme Court ruled in favor of Mansion Group, ordering its former chief executive officer, Karel Mañasco, to pay over €2.5 million ($2.76 million) and £127,000 ($166,200) to the now-defunct company. The case centers on allegations that, as CEO, Mañasco misappropriated company funds through various payments to third-party vendors […]
Sports
September 6, 2024
Casino Mogul Ira Lubert Donates $10M to Beaver Stadium Renovation
Ira Lubert, a prominent Penn State alumnus, trustee, and successful casino owner, has donated $10 million toward ongoing renovations at Beaver Stadium, Penn State’s iconic football field. The university announced the generous gift that will give Lubert and his family naming rights, honoring them through the planned Lubert Family Welcome Center. A Centerpiece Project Will […]
Industry
September 6, 2024
Star Sports Eyes Sporting Index Acquisition amidst UK Competition Probe
In a potentially significant development for the UK betting landscape, Star Racing, a division of Star Sports, has announced it is looking to acquire Sporting Index from the bookmaker Spreadex. This move comes in response to the ongoing investigation by the UK’s Competition and Markets Authority (CMA) into the merger between Spreadex and Sporting Index […]
Industry
September 5, 2024
Thailand Casino Legalization Wins Overwhelming Public Support
Thailand is pressing ahead with plans to set up its first-ever official casinos as part of a broader push to legalize gambling and create a mega-entertainment complex. This move marks a significant shift in policy for a country where most forms of gambling are currently illegal. The government has decided to push ahead with the […]
