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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.
Industry
June 19, 2025
Up to 41% of Low-Income South Africans Gamble to Pay Bills
Experts in South Africa are sounding the alarm, saying that many low-income people, as much as 41% of them, turn to gambling in an effort to pay bills and rent. They suggest a combination of stricter rules and educating the public in order to stop the concerning trend. A Large Portion of South Africans Are […]
Industry
June 18, 2025
States, Tribes, and Industry Groups Join NJ in Legal Dispute Against Kalshi
Groups filing amicus briefs against prediction markets giant Kalshi continue to grow in number as 34 state attorneys general, several tribes, the American Gaming Association (AGA), and more side with the state of New Jersey. New Actors Join New Jersey in Legal Dispute Against Kalshi The legal dispute started when Kalshi filed a lawsuit in […]
Business
June 18, 2025
Cirsa Plans to Generate $430M After Listing on Four Spanish Exchanges
Gaming company Cirsa announced Wednesday its intention to float on the Spanish stock exchanges, with plans to raise €400 million ($430 million) through an initial public offering of newly issued shares. Cirsa Announces IPO Plans to Raise $430M The Spanish gaming operator officially announced its plans for an initial public offering, aiming to raise the […]
Legal
June 18, 2025
Macau Police Arrest Suspect for Alleged Chip-For-Cash Exchange
A man from mainland China has been arrested by Macau police after being caught allegedly conducting an unauthorized cash-for-casino-chips exchange near a hotel in the city’s NAPE district. Macau Police Arrest Man Over Alleged Illegal Casino Chip Exchange Authorities stated that the suspect, an unemployed man in his thirties from mainland China, admitted to carrying […]
Legal
June 17, 2025
Jumbo Technology Sues Evolution Over Alleged Patent Infringement
Taiwanese gaming equipment manufacturer Jumbo Technology has initiated a patent infringement lawsuit against Evolution, claiming the latter’s Lightning series infringes on a patented dynamic odds game mechanic. Jumbo Technology Files Lawsuit Against Evolution In a complaint filed in the US District Court for the District of Delaware on May 29, Jumbo Technology Evolution willfully infringed […]
Legal
June 17, 2025
Gambling Syndicates in Malaysia Exploit Foreign Identities to Evade Detection
According to the Royal Malaysia Police, online gambling syndicates in Malaysia are exploiting foreign identities to register SIM cards, enabling them to remain anonymous and avoid detection. Authorities Warn of Malaysian Gambling Syndicates Misusing SIM Cards Inspector-General of Police Tan Sri Razarudin Husain revealed that gambling syndicates are purchasing personal information from foreigners to register […]
Business
June 17, 2025
Hacksaw Promises to Raise $378M Through the Sale of Over 50 Million Shares
Popular iGaming supplier Hacksaw AB announced in its initial public offering (IPO) prospectus that its shareholders plan to raise up to €351.1 million (approximately $378 million) by offering up to 50 million shares, each priced at SEK77 (about $7.55). Hacksaw AB Moves Closer to IPO with Prospectus Release According to Hacksaw group CEO Christoffer Källberg, […]
Industry
June 16, 2025
CFG Study Raises Concerns about US Offshore Gambling
The Campaign for Fairer Gambling (CFG) has published a new report made with the help of market intelligence platform Yield Sec. The report highlights a surge in consumer losses in states that legalize online gambling without adequately addressing the unlicensed market. Campaign for Fairer Gambling Shares Concerning Findings According to the report, consumer harm increases […]
Sports
June 16, 2025
F1 Reaffirms Las Vegas Grand Prix Will Be Held for 2 More Years and Beyond
The Las Vegas Grand Prix and Formula 1 have officially confirmed an agreement to continue the racethrough 2027, following the success of last year’s event. In addition, both parties have expressed astrong desire to extend the partnership well beyond the end of the decade. Las Vegas and F1 Reaffirm Decision for Grand Prix Clark County […]
Industry
June 16, 2025
Nevada Regulator Voids Two Bettors’ $80K in Golf Bets Over Sportsbook Odds Error
Bret Tison and Melvin Fowler each wagered $200 on Spanish golfer Joel Moscatel Nachshon to win the opening round of the 2023 Fortinet Australian PGA Championship, held at the Royal Queensland Golf Club in Australia. However, both were left in disbelief on Wednesday after the Nevada Gaming Control Board voted to reverse their winnings. Nevada […]
