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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
May 6, 2024
Ontario Students Embroiled in Illegal Gambling Operation
Orillia, Ontario, has become the focal point of an alarming online gambling scheme targeting high school students, prompting a police investigation. Reports surfaced in April revealing that a gambling website called Topbets lured underage individuals. Once signed up, students found themselves embroiled in a dangerous cycle of debt, accompanied by threats from those behind the […]
Business
May 3, 2024
Games Global Announces Milestone IPO Amidst Growth Ambitions
Isle of Man-based gambling software company Games Global Ltd. is gearing up for its US initial public offering (IPO) with ambitious plans to raise approximately $254 million. The company plans to list on the New York Stock Exchange under the symbol GGL, with underwriters including J.P. Morgan, Jefferies, Macquarie Capital, and Barclays. The Move Reflects […]
Business
May 3, 2024
DraftKings Reports Impressive Q1 2024 Financials, Raises Guidance
DraftKings Inc. has announced its financial results for the first quarter of 2024, posting robust revenue growth and providing an optimistic outlook for the rest of the year. The company also shared updates on its business performance and strategic prospects as it hopes to further capitalize on the spread of regulated sports betting and iGaming […]
Industry
May 2, 2024
MGM Management Shares Insights on Long-Term Strategy
During a recent earnings call, MGM management discussed long-term strategy, focusing on various aspects, including the development of BetMGM, expansion into new markets, and growth projections. The company hopes to leverage its record-breaking Q1 results to bolster expansion, consolidate its position in core markets, and achieve lasting success. MGM Is Optimistic regarding Its International Operations […]
Industry
May 2, 2024
Netherlands Regulator Rebukes Operators for Role Model Advertising Violations
The Netherlands Gaming Authority (KSA) has taken action against two unnamed operators for violating regulations prohibiting the use of role models in their advertising campaigns. These actions come as part of the KSA’s ongoing efforts to ensure compliance with strict advertising standards in the Dutch gambling market, holding violators accountable and issuing fines when necessary. […]
Industry
May 2, 2024
Petition Calls for Removal of Gambling Ads from London Public Transport
A new petition by UK charity Gambling with Lives calls for removing gambling advertisements from the London public transport system. The petition highlights the significant influence of gambling advertising, which amounts to over a billion pounds annually, in persuading individuals to gamble. Studies cited in the petition indicate a clear link between exposure to gambling […]
Business
May 1, 2024
Sportradar Bolsters Innovation with New Milestone Hire
Sportradar Group, a leading provider of sports data, fan insights, and betting liquidity, has announced the appointment of Behshad Behzadi as chief technology officer and chief artificial intelligence officer (CTO and CAIO), effective 1 May. Behzadi boasts substantial industry experience and will spearhead the implementation of cutting-edge advancements to elevate Sportradar’s offerings. Sportradar Embraces Innovation […]
Legal
May 1, 2024
Legal Dispute between DraftKings and Fanatics Heats Up
The District Court of Massachusetts granted DraftKings a preliminary injunction against Mike Hermalyn, a former executive accused of stealing and sharing trade secrets with rival company Fanatics. Hermalyn, who served as vice-president of VIP at DraftKings and now holds the position of president of VIP at Fanatics, will face restrictions on his role at the […]
Industry
April 30, 2024
Maine Official Warns of Regulated iGaming’s Potential Harms
As Maine’s Legislature rejected the notion of introducing regulated iGaming to the state, Steve Silver, chair of the Maine Gambling Control Board, voiced concerns regarding the potential negative impacts if the move had succeeded. He highlighted examples from other jurisdictions, urging lawmakers to consider whether their decisions can have unintended consequences. Problem Gambling Is an […]
Legal
April 30, 2024
Uzbekistan to Legalize Gambling, Lotteries and Sports Betting
Starting 1 January 2025, Uzbekistan will witness a milestone shift in its gaming and betting landscape as it legalizes online gambling, lotteries, and sports betting. This move, introduced by a presidential decree, aims to regulate these activities, combat illegal operators, and generate revenue for the state while protecting consumers from gambling harm. Initial Plans Seem […]
