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- Velimir Velichkov
Velimir Velichkov's latest articles
Velimir Velichkov
Co-editorWilliam Velichkov is a research-driven writer. His strengths lie in ensuring factual accuracy, vetting government documentation and reaching out to regulators and other officials. He is particularly fond of financial reporting, the sports betting industry, B2B partnerships and esports betting developments. William is a strong asset to the GamblingNews team as he adds a bedrock to our reporting.
Casino
April 26, 2024
Petersburg City Council Greenlights The Cordish Companies Massive Project
Bruce Smith Enterprise and The Cordish Companies secured major approval for their proposed $1.4 billion dollar project, Live! Gaming & Entertainment District. The massive mixed-entertainment project is planned to be located in the City of Petersburg, Virginia, using land near the intersection of Wagner Road and Interstate I-95. The strategic location is expected to help […]
Business
April 26, 2024
Betsson Starts 2024 with Stellar First Quarter Results
The leading online gambling company with a strong presence across the globe, Betsson AB, released its interim results for the first quarter of 2024. On Friday, the company disclosed financial details regarding the three-month period between January and March this year, highlighting a number of important achievements, an increase in revenue and growth in the […]
Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
Business
April 16, 2024
Gambling Spend Skyrockets by 18% in Denmark for February
Spillemyndigheden, the Danish gambling regulator, released new data, highlighting a significant increase in the spending on gambling activities for this February. Data disclosed Tuesday revealed that the total gambling spend on online casino, gaming machines, land-based casinos and betting, skyrocketed to DKK 587 million ($83.8 million). The aforementioned result, compared year-over-year to the February 2023 […]
Industry
April 16, 2024
Pennsylvania Reports Surge in Online Gambling Participation
A newly released report uncovered insights regarding the impact of online and offline gambling activities on Pennsylvania residents. The report was funded by the gambling regulator in the state, the Pennsylvania Gaming Control Board (PGCB), and developed by Penn State’s Criminal Justice Research Center in collaboration with the Pennsylvania Department of Drug and Alcohol Programs […]
Business
April 12, 2024
Altenar Strengthens C-Suite with Sam Hill as Sales Director
The leading provider of sportsbook services, powering gaming operators across the globe, Altenar, strengthened its senior-level team with a fresh appointment. On Friday, the company revealed it added Sam Hill, an expert with nearly 15 years of experience within the gambling sector, to the role of sales director. Joining Altenar’s C-suite, the seasoned executive is […]
Sports
April 10, 2024
NJ Sen. Kristin Corrado Proposes College Prop Bet Ban
The nationwide expansion of sports betting brought a legal form of wagering for millions of Americans. A majority of the US states currently offer the activity, while a handful of states are currently trying to legalize it. Yet, the statewide betting expansion continues to raise concerns about the integrity of professional and collegiate sports. Over […]
Industry
April 8, 2024
Victoria Implements Tougher Standards for Sportsbook Player Statements
Several years ago, the gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), initiated a review of the monthly statements provided by betting operators in the jurisdiction. Last summer, the gambling watchdog issued an Activity Statement Expectations Guide and requested feedback from the licensees. Implementing changes to the way operators present […]
Business
April 5, 2024
KSA Teams up with Cloudflare to Combat Illegal Gambling
The Dutch gambling regulator, Kansspelautoriteit (KSA), announced it signed a new agreement with the global provider of cloud services, Cloudflare. The new collaboration was confirmed Thursday by the gambling watchdog. Joining forces with Cloudflare, KSA said that it will continue the battle against illegal online gambling websites offering their services to Dutch customers. Per the […]