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Stefan Velikov's latest articles
Stefan Velikov
AuthorStefan Velikov is an accomplished iGaming writer and journalist specializing in esports, regulatory developments, and industry innovations. With over five years of extensive writing experience, he has contributed to various publications, continuously refining his craft and expertise in the field.
Casino
July 10, 2025
Trainwreck Announces a Break After Gambling Away $19.5M on Stream
Trainwreck, one of the most popular gambling streamers on Kick, has announced he will be taking a five-day hiatus after losing a whopping $19.5 million during five consecutive streams where he played in online casinos. Trainwreck Announces Brek from Streaming Gambling Reflecting on the streak of bad luck, the 34-year-old described it as “sickening” to […]
Sports
July 9, 2025
Famous Sportscaster Bob Costas Said He Refused to Read Gambling Ads on Air
During a recent interview on NBC’s “Meet the Press with Kristen Welker,” legendary baseball commentator Bob Costas said that he couldn’t, in good conscience, promote gambling during broadcasts by reading gambling ads. Bob Costas Refused to Read Gambling Ads Costas, who retired from the broadcast booth at the end of the 2024 MLB season, revealed […]
Casino
July 9, 2025
Dana White Cashes In $1.2M Baccarat Win at Fontainebleau
UFC President Dana White reportedly scored a $1.2 million win at the baccarat tables of Fontainebleau Las Vegas ahead of the UFC 317 event, according to online footage and a source familiar with the situation. Dana White Wins $1.2 Million at Fontainebleau The high-stakes gambling session, which occurred during International Fight Week, was featured in […]
Poker
July 8, 2025
WSOP Poker Player Seen Fully Covering Face Sparks Discussion about the Practice
A participant in the World Series of Poker (WSOP) Main Event was seen wearing a mask that fully covers his face, which sparked heated discussion among pros and viewers about the legality of the practice. Face-Covering WSOP Player Sparks The participant in the World Series of Poker Main Event wore a low-hanging visor that concealed […]
Legal
July 8, 2025
HG Vora Fast-Track Lawsuit Against Penn Denied by Judge
US District Judge Mary Wells of the Eastern District of Pennsylvania has rejected HG Vora Capital Management’s request to expedite its lawsuit against Penn Entertainment. Judge Denies HG Vora’s Request In the lawsuit, HG Vora Capital, which holds a significant stake in Penn Entertainment, claims the company restructured its board to prevent shareholder nominees from […]
Industry
July 8, 2025
Maryland Casino Revenue Dips in June as Fiscal Year Ends
Maryland’s six licensed casinos brought in $160.67 million in revenue from slot machines and table games in June 2025, reflecting a 1.4% decrease compared to the same month last year. Maryland Casinos See Less Revenue in June Compared to Last Year This decline comes after a stronger performance in May, when statewide revenue increased by […]
Industry
July 7, 2025
EGBA Is Set to Change Anti-Money Laundering Guidelines
The European Gaming and Betting Association (EGBA) is set to introduce an updated version of its anti-money laundering (AML) guidelines in 2026, building on insights gained from the submission and review of its second annual AML report. EGBA to Update Anti-Money Laundering Guidelines Next Year Originally published in March 2023, the guidelines offer practical, sector-specific […]
Industry
July 7, 2025
Singapore Regulator Fines 9 Financial Orgs Over AML Lapses Related to Gambling
Singapore’s Monetary Authority of Singapore (MAS), has imposed a total fine of S$27.45 million ($21.45 million USD) on nine financial institutions for anti-money laundering (AML) lapses connected to one of the country’s biggest-ever money laundering cases. Singapore Regulator Fines Several Institutions Over AML Failures According to the MAS, the financial institutions involved failed to enforce […]
Legal
July 7, 2025
Former SkyCity Executives Sued Over AUSTRAC Penalty
Eight former senior executives of SkyCity Entertainment Group are being sued by a shareholder seeking to recover the AU$67 million ($43.56 million USD) penalty the casino operator paid for failing anti-money laundering obligations. SkyCity Execs Sued Over AUSTRAC Fine Stephen Wright, the shareholder pursuing the legal action, has filed an application with the New South […]
Legal
July 3, 2025
California Court Denies Underdog Fantasy’s Emergency Bid Ahead of AG Opinion
A California court has denied Underdog Fantasy’s emergency bid request for a temporary restraining order to stop the imminent release of an opinion by the state’s Attorney General that could deem fantasy sports contests illegal under state law. Court Dismisses Underdog Fantasy’s Lawsuit According to the court’s decisions, the petitioner had plenty of opportunity to […]
