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.
Legal
November 6, 2025
South Korean Police Bust $3.8B Illegal Gambling Syndicate
The Criminal Investigation Unit of South Korea’s Gangwon Provincial Police Agency confirmed the arrest of 14 individuals linked to a major illegal gambling syndicate. The group is alleged to have managed more than KRW 5.3 trillion ($3.8 billion) in transactions via casino-connected online platforms based in the Philippines. Gangwon Police Dismantle Illegal Gambling Ring Worth […]
Industry
November 6, 2025
EGBA Reveals New Safer Gambling Week Website
The European Gaming and Betting Association (EGBA) is delighted to announce the launch of its new European Safer Gambling Week website, which offers player support resources, an up-to-date event schedule, and practical tips for safer gambling. EGBA Launches Its New Online Platform for Safer Gambling EGBA’s announcement comes just before this year’s European Safer Gambling […]
Legal
November 5, 2025
China Sentences Five High-Ranking Bai Syndicate Gambling Kingpins to Death
A Chinese court has sentenced five senior figures of a notorious Myanmar mafia, the Bai family, to death as Beijing intensifies its crackdown on scam operations across Southeast Asia. The syndicate was involved in a range of crimes, including telecom fraud, illicit gambling, kidnapping, extortion, and forced prostitution. Five Bai Family Gangsters Sentenced to Death […]
Business
November 5, 2025
BofA Downgrades DraftKings and Flutter Amid Market Uncertainties
Sportsbook operators DraftKings and Flutter’s shares have dropped to neutral, after Bank of America lowered its ratings on both companies to that level recently. The bank highlighted renewed challenges from fluctuating betting margins, potential state tax headwinds, and ongoing uncertainty surrounding the development of prediction markets as a reason for its decision. DraftKings and Flutter’s […]
Industry
November 5, 2025
Opposition Criticizes Labor MPs’ Support for Tax Raise on Gambling Companies
In a petition backed by over 100 Labor MPs, Rachel Reeves, the United Kingdom’s Chancellor of the Exchequer (effectively the government’s chief financial minister) has been asked to raise taxes on gambling companies. The idea is to use the extra revenue to lift benefit restrictions on families with more than two children. However, the proposition […]
Industry
November 4, 2025
Slovakia’s President Vetoes New Gambling Law
Peter Pellegrini, Slovakia’s President, has vetoed a new gambling legislation that the Central European country recently passed, citing concerns about consumer protection and the perceived social impact of the new law. President Pellegrini Vetoes Gaming Legislation After a week of deliberations during its 40th parliamentary session, Slovak MPs have passed a new gaming law designed […]
Industry
November 4, 2025
Spelinspektionen to Supervise Svenska Spel’s Land-Based Venues
Sweden’s gambling regulator, Spelinspektionen (the Swedish Gambling Authority, or SGA), has announced that new supervisory measures will be conducted at Svenska Spel’s (the country’s state-owned gambling operator) gaming venues. Sweden’s Gambling Regulator to Review Svenska Spel’s Land-Based Venues According to SGA, Svenska Spel will soon be undergoing a supervisory review at all of its current […]
Poker
November 4, 2025
Poker Pro Patrick Leonard Slams Las Vegas Resort Fees
Professional poker player Patrick Leonard has joined the ongoing discussion surrounding Las Vegas resort fees, condemning what he views as a greedy practice that damages the city’s appeal to tourists. Leonard Criticizes Las Vegas’ High Resort Fees The English poker pro, who has amassed over $4 million in live tournament winnings, voiced his opinion on […]
Industry
November 3, 2025
Tasmania to Consider Gambling Ad Ban in State-Owned Properties
Independent upper house MP Meg Webb and lower house MP Kristie Johnston are advocating for a statewide ban on gambling advertising and sponsorship in all publicly owned or state-funded venues across Tasmania, Australia. Webb and Johnston Set Motion for Ban on Gambling Ads in State Venues Webb and Johnston plan to introduce the motion in […]
Casino
November 3, 2025
Snuneymuxw Buys Two Casinos, Becomes Canada’s Biggest Indigenous Operator
Petroglyph Development Group (PDG), a wholly owned corporation of the Snuneymuxw First Nation, and Great Canadian Entertainment announced that they have finalized a deal under which the former will acquire two casino businesses from the latter. With these purchases, PDG will become the largest Indigenous owned gaming operator by revenue in Canada. Petroglyph Development Group […]
