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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 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 […]
Industry
April 3, 2024
Ukraine Considers New Restrictions for Online Gambling
On February 24, 2022, Russia invaded Ukraine in what can only be described as an unprecedented act of war. This invasion became the largest attack on a sovereign European country ever since World War II. The war resulted in the displacement of millions of Ukrainians and the death of civilians and military personnel. While the […]
Industry
April 3, 2024
New Jersey Gambling Regulator to Change Revenue Reporting Methodology
The regulation of gambling activities, including licensing, monitoring of the market and releasing monthly and yearly financial reports for licensees in New Jersey is in the hands of the regulator in the state, the Division of Gaming Enforcement (DGE). Currently, the gambling regulator discloses monthly data regarding the reported proceeds from iGaming, casino and sports […]
Business
April 2, 2024
Advent International to Take Nuvei Private Under New Agreement
The leading payment technology provider, powering companies across the globe, Nuvei Corporation, announced a new strategic agreement. On Monday, the company confirmed it has entered into a definitive arrangement agreement to be taken private by the leading and most experienced global private equity investor, Advent International. The latest move is supported by the company’s holders […]
