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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.
Business
March 28, 2024
Allied Gaming Reports 21% Increase in Revenue for 2023, Cuts Costs
The fast-growing esports entertainment and gaming company with a global presence, Allied Gaming & Entertainment (AGAE), released its latest financial update, highlighting key details for its performance during the fourth quarter and full year 2023. The company reported strong growth in revenue, complemented by a decrease in costs and expenses. In total, AGAE’s revenue for […]
Sports
March 28, 2024
Bookie Tied to Gambling Scandal Counted on Ohtani Link to Boost Business
A recent gambling controversy resulted in the firing of an interpreter for the Los Angeles Dodgers’ Japanese baseball star, Shohei Ohtani. The case, which is being investigated involved Ippei Mizuhara, a longtime friend and interpreter for the baseball star. Allegations against Mizuhara claim he stole at least $4.5 million from Ohtani’s bank account. The money […]
Industry
March 28, 2024
US Legal Sports Betting Sector Generates More than $5bn in Taxes
The expansion of sports betting across the United States started back in 2018. At the time, the US Supreme Court ruled the Professional and Amateur Sports Protection Act (PASPA), a law that restricted betting to only a few states, unconstitutional. Since then, for five years, the legalization of betting has been rapidly expanding across the […]
Industry
March 27, 2024
Massive Police Operation Mobilizes 400 Officers in Montreal
The gambling industry is often targeted by different crimes, including robberies, fraud and money laundering. While the sector continuously invests in prevention, such crimes are not uncommon. This is the case for regulated gambling operators who can become victims, while in the illegal industry, anything goes. With that in mind, law enforcement, especially across North […]
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 […]
