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Jerome García's latest articles
Jerome García
JournalistJerome is a welcome new addition to the Gambling News team, bringing years of journalistic experience within the iGaming sector. His interest in the industry begun after he graduated from college where he played in regular local poker tournaments which eventually lead to exposure towards the growing popularity of online poker and casino rooms. Jerome now puts all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Business
March 27, 2024
Flutter CEO Enjoys Pay Raise after Solid 2023 Results
Earlier this week, the leading gaming and entertainment company recognized across the globe, Flutter Entertainment, posted $11.8 billion in revenue for 2023, signaling a 24.6% year-over-year increase. The company’s finances were impacted positively by its strong performance across the United States, yet Flutter also reported a $1.21 billion net loss. Besides its financial report, the […]
Industry
March 27, 2024
Online Gambling Bill Picks up Speed in Maryland
Unlike sports betting which is available in nearly 40 US states, only several states currently offer legal online gambling activities. Considering such activities are conducted through the internet, many Americans already play slots, live dealer and other iGaming titles online but use the services of operators who hold licenses in jurisdictions outside of the US. […]
Business
March 27, 2024
MyPrize Closes Funding Rounds, Enjoys Enterprise Value Soar to $140M
The first online crypto casino, promising to revolutionize the gambling industry thanks to multiplayer capabilities, MyPrize, is preparing to launch its platform and technology this spring. Ahead of the launch, the company confirmed it completed two funding rounds, raising some $13 million. Thanks to the recently completed funding rounds, MyPrize’s enterprise value soared to a […]
Business
March 27, 2024
Moody’s Changes Outlook, Downgrades Rating for Bally’s Corporation
In light of the upcoming redevelopment of Tropicana Las Vegas that would result in the creation of a baseball stadium that will be the home of the popular MLB team, Oakland Athletics, Bally’s announced recently that it held a couple of job fairs, seeking to help Tropicana workers find new employment. Acknowledging that it received […]
Business
March 26, 2024
Flutter Entertainment Posts $11.8B Revenue, Weighed by Loss
Flutter Entertainment is shutting the book on a full financial year with the company seeing a 24.6% increase in its annual revenue, but also posting a $1.21bn net loss which has prevented the FTSE100 company from shining. Loss Prevents Flutter from Shining in FY2023 The negative performance market has widened since FY2022 when the company […]
Industry
March 25, 2024
Malta Gaming Authority Cancels BTM Entertainment’s License
Several years ago, in 2019, the gambling regulator in Malta, the Malta Gaming Authority (MGA), announced it decided to suspend the authorization of BTM Entertainment Group Limited, a company that operated the online gambling brand Roy Richie. This suspension effectively stopped the gambling company from operating as it wasn’t allowed to register new players or […]
Industry
March 25, 2024
BetCity’s Former Owners File €104M Counterclaim against Entain
A few years ago, Entain announced its plans to acquire the leading online betting and iGaming brand in the Netherlands, BetCity. Last year in January, the company finalized the acquisition of the brand. However, earlier this year, Entain launched a lawsuit, alleging that the former owners of BetCity failed to disclose a couple of breaches […]
Industry
March 25, 2024
Wynn Resorts’ Lawsuit against Fontainebleau Intensifies
Despite the existing non-compete clauses, effectively restricting employees from one gambling operator to engage in employment with another, competition in the sector is fierce. Such policies affect a number of important employees and breaches may result in legal action. A few years ago, Wynn filed a lawsuit after losing a high-ranking employee to Fontainebleau. While […]
Industry
March 25, 2024
Bally’s Helps Tropicana Workers Find New Employment
The upcoming demolition of Tropicana in Las Vegas will pave the way for the creation of a new baseball stadium in Sin City. The stadium will be the new home of the Oakland Athletics, the famous Major League Baseball (MLB) franchise and has a price tag surpassing a whopping $1 billion. Yet, the demolition of […]
Lottery
March 22, 2024
Powerball Jackpot to Hit $750M, Mega Millions Soars to Nearly $1bn
Surviving since the start of the year, the jackpot from America’s popular lottery game, Powerball, is now getting closer to a mind-blowing $800 million. The grand prize for the upcoming drawing of the lottery game is estimated at $750 million, a figure that makes the jackpot the ninth largest in the history of the game. […]