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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
March 25, 2025
Michigan Intensifies Crackdown Against Black Market Operators
The Michigan Gaming Control Board (MGCB) has stepped up efforts to shut down illegal offshore gambling sites, issuing cease-and-desist orders to 10 unlicensed websites owned by Belize-based company Apex Dynamics Ltd. This move reinforces the MGCB’s commitment to protecting the integrity of the state-regulated gaming industry and shielding Michigan residents from unscrupulous operators. The Offending […]
Business
March 24, 2025
Endeavor Announces Management Buyout of OpenBet and IMG ARENA
Endeavor Group Holdings, Inc., a global sports and entertainment powerhouse, announced the sale of OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout. The transaction, backed by Endeavor chief executive Ariel Emanuel, OpenBet CEO Jordan Levin, and other top executives, could significantly shake up the sector and position the companies for […]
Industry
March 24, 2025
Ukraine Establishes Gambling Regulator to Strengthen Oversight
The Ukrainian government has introduced a new state agency, PlayCity, to oversee and implement gambling policy following the dissolution of the previous gambling regulator amid allegations of corruption and potential links to Russian-affiliated online casinos. This development marks a pivotal step towards ushering in a more transparent and consumer-focused industry. The New Authority Should Seamlessly […]
Legal
March 21, 2025
Resorts World Las Vegas Faces $10.5M Fine for Alleged AML Deficiencies
Resorts World Las Vegas and its affiliated companies are set to pay a $10.5 million fine after an investigation showed the casino permitted gamblers tied to illegal bookmaking operations and individuals with federal felony convictions to play freely at the venue. The settlement, filed Thursday with Nevada’s gambling regulator, is the second-largest fine in state […]
Business
March 21, 2025
XLMedia Receives Only $1M Despite Robust Sportradar Financials
XLMedia PLC, a once-leading digital media company, recently announced it will receive a performance-related earnout of $1 million from Sportradar AG. This development comes after XLMedia sold its North American business to Sportradar in November 2024, a deal that initially envisioned a maximum total potential consideration of up to $30 million. Sportradar’s Business Model Proved […]
Industry
March 20, 2025
Finland Moves Toward Gambling Market Liberalization with New Legislation
Finland is on the cusp of a milestone shift in its gambling landscape, as the government has formally introduced a bill to Parliament that would dismantle Veikkaus’ long-standing monopoly over online gambling by the end of 2026. If implemented, the proposed legislation will open the Finnish market to international gambling companies under a new licensing […]
Industry
March 20, 2025
Celebrity Sweepstakes Endorsements Fuel Debate over Gambling Loopholes
Sweepstakes casinos remain a booming industry, allowing players to engage with casino-style games and win real money. However, critics have argued their business model could enable such businesses to sidestep mainstream gambling laws. As the debate surrounding sweepstakes continues, several such operators have taken measures to enhance accountability and transparency and further differentiate their offerings. […]
Industry
March 19, 2025
Pennsylvania iGaming Thrives Despite February Revenue Dip
Pennsylvania’s gambling sector saw a moderate slowdown in February, with total revenue dropping 4.3% year-on-year to $477.2 million, according to data from the Pennsylvania Gaming Control Board (PGCB). Despite this dip, iGaming revenue surged, helping offset losses from traditional casino games and sports wagering. While the data does not encompass verticals like skill games or […]
Legal
March 19, 2025
Australia Hits Active Super with $10.5 Million Fine for Greenwashing
Australia’s Federal Court has ordered superannuation fund Active Super to pay an AUD 10.5 million ($6.70 million) penalty for misleading investors in its environmental, social, and governance (ESG) commitments. The verdict follows court discoveries that revealed Active Super continued investing in businesses it had publicly claimed to exclude from its portfolio. The Court Admonished Active […]
Industry
March 18, 2025
EU Court Ruling Could Derail Lithuania’s Strict Gambling Regulations
Lithuania’s aggressive push to tighten online gambling regulations has suffered a surprise setback following a ruling by the Court of Justice of the European Union (CJEU) that declared key amendments to the nation’s gambling law to be non-enforceable due to procedural failures. This apparent oversight by Lithuanian legislators could significantly affect the nation’s efforts to […]
