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
August 2, 2024
Betting Frenzy Surrounding US Presidential Race Reaches New Heights
The US presidential election is turning out to be a goldmine for bookmakers worldwide, with estimates suggesting that roughly $1 billion has been wagered on the outcome despite several months remaining before Election Day. The twists and turns surrounding the 2024 presidential debate have only fueled the fire, creating many exciting betting opportunities. Wagering Platforms […]
Business
August 2, 2024
DraftKings Reports Significant Q2 Growth, Announces Share Buyback Program
Sports betting and digital entertainment company DraftKings Inc. published impressive second-quarter results for 2024, bolstered by rising customer numbers and effective engagement strategies. The Board of Directors authorized the company to repurchase up to $1.0 billion of its Class A common stock, demonstrating robust confidence in its future growth prospects. The Operator Did Not Stand […]
Industry
August 1, 2024
BetOnline Offers Unorthodox Betting Options Following Biden’s Resignation
In a surprising twist, President Joe Biden recently announced his resignation from the presidential race, opening the door for a slew of unorthodox betting proposals from the popular yet unregulated sportsbook BetOnline.ag. BetOnline has wasted no time capitalizing on the uncertainty of the shifting political landscape, offering odds on possible future endeavors for the soon-to-be […]
Legal
August 1, 2024
Las Vegas Housekeeper Implicated in Theft of over $100K
A housekeeper at a prominent Las Vegas Strip resort has been implicated in a series of thefts involving large sums of money and personal items from hotel rooms, according to police documents obtained by local news outlet 8 News Now. Maria Menendez Betancourt of the Palazzo Tower at the Venetian Resort Las Vegas is facing […]
Business
July 31, 2024
Caesars Digital Shines with Record Q2 Revenue
Caesars Digital, the online sports betting and iCasino division of Caesars Entertainment, has been the bright spot in what was otherwise a tepid second quarter for the company. The digital segment reported a company record of $40 million in positive AEBITDA (adjusted earnings before interest, taxes, depreciation, and amortization), a significant leap from the $11 […]
Industry
July 31, 2024
Stake Acquires Idealbet, Branches Out into Italian Market
In a bid to boost its global expansion strategy, Stake has acquired Baldo Line s.r.l., the Italy-based sports betting and remote gaming operator behind the Idealbet brand. This acquisition, previously part of the Octavian Group, will bolster Stake’s presence across the Italian market as the company focuses on empowering players worldwide with top-notch entertainment. Combined […]
Industry
July 30, 2024
New Zealand Government Opens Online Casino Licensing Process
In a significant shift, the New Zealand government has announced plans to auction off licenses for online casinos. The country is introducing measures to regulate gambling activity, minimize gambling harm, and bolster tax revenues. While such a dynamic shift will be challenging, New Zealand remains confident that liberalizing its gambling market will bring significant positives. […]
Lottery
July 30, 2024
Massachusetts Online Lottery Eyes Q4 2025 Launch
Massachusetts lawmakers first pondered the concept of an Internet lottery platform in 2012, but it faced significant resistance. Legislators have consistently opposed online gambling for the past 12 years. However, a recent legislative compromise has finally addressed these lingering concerns, leading to the long-expected legalization of iLottery in Massachusetts. iLottery Should Provide Significant Benefits Governor […]
Business
July 29, 2024
Bally’s Reaffirms Commitment to Las Vegas amid Ambitious Expansion Plans
Soo Kim, Bally’s chairman and co-founder of Standard General L.P., the company behind the recently announced acquisition, discussed the operator’s post-merger strategy. He noted that the future of casino gaming remains bright despite current market uncertainties. Kim remained adamant that the multibillion-dollar investment was a testament to Standard General’s confidence in the sector’s continued growth. […]
Industry
July 29, 2024
Online Gambling Skyrockets in Australia, Sparking Renewed Calls for Reform
Online gambling in Australia has surged over the past 12 months, new data shows, placing more pressure to introduce wide-ranging industry reforms. Recent findings also confirmed that problem gambling is also on the rise, highlighting Australia’s ongoing difficulties in introducing meaningful change to the sector. The country’s federal nature further complicates this matter, making centralized […]
