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Jerome García's latest articles
Jerome García
JournalistJerome brings a wealth of journalistic experience within the iGaming sector. His interest in the industry began after graduating from college, where he regularly participated in local poker tournaments. This exposure led him to the growing popularity of online poker and casino rooms. Jerome now channels all the knowledge he's accrued to fuel his passion for journalism, providing our team with the latest scoops online.
Industry
April 5, 2024
FanDuel Contemplates Acquisition for Nevada Expansion
Currently, FanDuel and DraftKings are at the helm of sports betting across the US. The two hold a significant share of the betting market and are undoubtedly leaders when it comes to sports betting in many states. Despite their solid presence across the country, neither DraftKings nor FanDuel has a presence in Nevada, the home […]
Legal
April 5, 2024
Florida Governor Enacts Bill on Seized Gambling Assets
Seizing of assets obtained through illegal means is not uncommon across the United States. While regulations vary from one state to the other, in general, assets obtained through criminal activities are seized and can be resold to benefit different state and county programs. While this can provide vital funding for different programs, it also allows […]
Sports
April 4, 2024
Fanatics Finalizes PointsBet’s US Assets Acquisition
The 2021-launched fast-growing online gaming and sports betting operator, a subsidiary of Fanatics Holdings Inc., Fanatics Betting and Gaming (FBG), confirmed the completion of the acquisition of PointsBet’s US businesses. The announcement came Wednesday with FBG confirming that PointsBet Holdings Limited received the final installment of the landmark $225 million acquisition. The closing of the […]
Industry
April 4, 2024
UKGC Hits bet365 with $740K Fine over AML, Social Responsibility Breaches
The UK gambling regulator, the Gambling Commission (UKGC), announced that bet365 was the latest operator hit with a settlement due to regulatory breaches. On Thursday, the gambling regulator confirmed that the leading betting and gaming company is subject to a £582,120 ($737,234) monetary sanction. The hefty settlement comes after the Commission uncovered social responsibility failures […]
Legal
April 4, 2024
Roblox Illegal Gambling Lawsuit Given Green Light by Judge
In December, the popular virtual gaming platform, Roblox, was tangled in a class action lawsuit that claims it facilitated child gambling. The lawsuit was filed by two parents, Rachel Colvin and Danielle Sass, who claimed that their children used Roblox’s in-game currency, Robux, to gain access to unauthorized gambling services. This ultimately resulted in money […]
Sports
April 4, 2024
Louisiana to Roll out Ban on College Prop Bets Starting from August
A new change announced by the gambling regulator in Louisiana seeks to ban prop bets for college sports. The statewide expansion of sports betting paved the way for wagering on college games, in addition to professional sports. With many states offering a wide range of betting options, wagers that involved specific parts of the game […]
Legal
April 4, 2024
Class Action Lawsuit in Massachusetts against DraftKings Moved to BLS
A lawsuit filed by a non-profit organization that safeguards the public health in Massachusetts against the leading gaming and betting giant, DraftKings, was reassigned to another court recently. The change came upon a request from the gaming and betting company which is the defendant in the lawsuit. DraftKings requested the class action lawsuit to be […]
Industry
April 3, 2024
Bulgaria: Parliament Turns Down Gambling Ad Restrictions
A draft, proposing changes to the gambling regulations in Bulgaria was recently rejected by the country’s majority in Parliament. The draft called for changes to the Gambling Act in the country in an effort to reduce problem gambling and gambling harm. The rejected draft proposed the implementation of changes to the gambling advertising regulations in […]
Business
April 3, 2024
Silver Lake to Acquire Endeavor Group Holdings
The global sports and entertainment company, Endeavor Group Holdings, announced it has agreed to be acquired by the leading technology investor, Silver Lake. Announced Tuesday, the new acquisition will see Silver Lake pay $27.50 per share in cash for Endeavor. This price represents a 55% premium of the company’s unaffected share price as well as […]
Business
April 3, 2024
K&F Growth Capital Shares Concerns, Sends Letter to Bally’s
Back in March, Standard General, a company that currently holds a significant 23% stake in Bally’s Corporation, the leading gaming and entertainment company, disclosed its intentions to acquire all outstanding shares in Bally’s. This became clear from a filing with the US Securities and Exchange Commission (SEC). This non-binding letter proposed a price of $15 […]
