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.
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 […]
Casino
July 26, 2024
New York Actors and Theater Workers Divided on Proposed Times Square Casino Project
A planned casino in Times Square has driven a wedge between New York theater worker groups as a planned casino in Times Square has driven a wedge between New York theater workers and actors as discussions surrounding possible new casino developments in downstate New York and New York City escalate. The International Alliance of Theatrical […]
Business
July 26, 2024
Bally’s Corporation Commits to Standard General Merger Agreement
Bally’s Corporation has entered into a definitive merger agreement with Standard General L.P.—its largest common stockholder, under which Standard General will acquire all outstanding shares of Bally’s for $18.25 per share. This new chapter for Bally’s should bring fresh opportunities for the operator and create lasting growth for the company. This Deal Should Significantly Expand […]
Legal
July 25, 2024
China Intensifies Crackdown on Cross-Border Gaming
China has intensified the crackdown on cross-border gaming activities, with the Supreme People’s Court (SPC) citing Alvin Chau and Suncity Group as typical cases of such harmful activities. According to the SPC, this high-profile case underlined the substantial capital outflow from China and the grave social and economic consequences of mass cross-border gaming. Chau Refined […]
Casino
July 25, 2024
New Details Emerge on Future Ho-Chunk Casino in Beloit
The Ho-Chunk Nation, one of the largest federally recognized tribes of Wisconsin, has released new details about their upcoming Ho-Chunk Gaming Casino in Beloit. This ambitious project will significantly expand the tribe’s gaming businesses from its six current locations. Drawing from its substantial experience, the tribe hopes to attract guests with a world-class casino and […]
Industry
July 24, 2024
Biden’s Exit Spurs Record Polymarket Betting Activity
Joe Biden’s unexpected decision to bow out of the 2024 presidential race has sent shockwaves through political circles and prediction markets. Immediately after the announcement, Polymarket, a leading decentralized prediction platform, experienced its highest spike in betting activity ever. Daily trading volume surged to a record high of $28 million, showcasing enhanced uncertainty and interest […]
Business
July 24, 2024
AI-Powered Start-Up PlayAIO Secures Milestone Investment
In a milestone event, data-driven AI start-up PlayAIO raised significant funding from Astralis Capital via its fund, Astralis Fund I. Equally important, it is the first time this company has entered a new gaming incubation strategy, underlining the substantial potential of PlayAIO. With more promising start-ups embracing AI technology, the gambling sector may soon enter […]
Sports
July 23, 2024
Tennessee Man Wins Nearly $1M in Fanatics’ New Free-to-Play Game
Fanatics, a global digital sports betting platform, recently announced a landmark moment in its free-to-play gaming venture. Royden Hudson, a 56-year-old resident of Chattanooga, Tennessee, became the first major winner of the Fanatics 5 Jackpot, taking home a staggering $900,000. He played the company’s newly launched free game, which is available on the Fanatics app. […]
Industry
July 23, 2024
Philippine President Bans POGOs amidst Rising Concerns
In a decisive blow to the country’s nascent offshore gambling industry, Philippine President Ferdinand Marcos instituted a blanket ban on all Philippine Offshore Gaming Operators (POGOs) on Monday. The move cracks down on an online sector dominated by Chinese firms, plagued with unlicensed activities and links to organized crime. China Has Been Urging for a […]
