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Industry
July 24, 2024
Gaming Tech Earnings Forecast Shows Positive Trends, Says Stifel Analyst
As the second quarter earnings season continues, gaming technology companies are preparing to announce their financial results. Analysts expect a generally positive performance across the sector. Stifel Analyst Predicts Strong Q2 for Light & Wonder and PlayAGS, Mixed Outlook for IGT and Everi According to a recent client note from Stifel analyst Jeffrey Stantial, Light […]
Industry
July 23, 2024
BGC Has Donated £172.5M to the Third Sector over 4 Years
Britain’s Betting and Gaming Council announced that its four largest members have donated a stellar £122.5 million over four years to tackle problem gambling and gambling-related harm. This, the BGC emphasized, is £22.5 million more than the operators in question had pledged to contribute between 2020 and 2024. The gambling companies in question are Flutter, […]
Industry
July 23, 2024
Pundit Billy Walters Says US Betting Could Be Better
Sports betting pundit Billy Walters has criticized the US wagering industry, pointing out its weaker points. Speaking at the National Council of Legislators from Gaming States (NCLGS), the expert said that there are certainly a few things that could be better. Walters Believes US Betting Could Be Better According to Walters, the industry is unwilling […]
Industry
July 23, 2024
Attacker in Reno Casino Sex Assaults Sentenced to Life in Prison
A 27-year-old man has been sentenced to life in prison after assaulting two women at casinos in Reno. The man was involved in two separate incidents before he was arrested by law enforcement. Identified with the initials B.E., the 27-year-old man pleaded guilty to attempted sexual assault with the use of a deadly weapon, as […]
Industry
July 23, 2024
KSA Issues Warning against Licensee for Untargeted TV Ads
In an effort to protect vulnerable groups such as young adults, the Netherlands implemented changes to non-targeted advertising of online gambling activities. The restrictions came into force last year in July, effectively prohibiting non-targeted iGaming advertising. As of July 1 this year, the restriction was expanded to cover program and event sponsorships. In other words, […]
Industry
July 23, 2024
Caesars Indiana Shooter Sentenced to 45 Years in Prison
A man from Louisville, Kentucky, who pleaded guilty to the murder of a hip-hop artist at a southern Indiana casino, was recently sentenced to more than four decades in prison. The case involves a man with the initials A.P., who pleaded guilty to the crime that occurred at Caesars Southern Indiana’s parking garage earlier this […]
Industry
July 23, 2024
Philippine President Bans POGOs amidst Rising Concerns
In a decisive blow to the country’s nascent offshore gambling industry, Philippine President Ferdinand Marcos instituted a blanket ban on all Philippine Offshore Gaming Operators (POGOs) on Monday. The move cracks down on an online sector dominated by Chinese firms, plagued with unlicensed activities and links to organized crime. China Has Been Urging for a […]
Industry
July 23, 2024
Charity Commission Clears GambleAware in Industry Independence Inquiry
The UK’s Charity Commission has closed its investigation into GambleAware. The Commission said the charity took ‘appropriate steps’ to maintain its independence from the gambling industry after an inquiry was launched in March. Charity Commission Finds No Fault After Good Law Project Complaint A campaign backed by the Good Law Project had raised concerns about […]
Industry
July 23, 2024
Around The Clock Slot Venues in the UK Raise Concerns About Gambling Harm
There are hundreds of slot machine venues across the UK that operate 24 hours a day. Supporters of the gambling sector say that such venues are an important part of the country’s nightlife, and the machines are regulated by the Gambling Commission, making the activity somewhat safer. Yet, opponents of the gambling expansion as well […]
Industry
July 23, 2024
Ex-DraftKings VP’s Fight Against Non-Compete Clause Hinges on State Laws
In a major legal contest over non-compete agreements, the First Circuit Court of Appeals has questioned the efforts of a former DraftKings executive to work for rival company Fanatics while bypassing his agreement. Michael Hermalyn who formerly was the VP of marketing at DraftKings is fighting against enforceability issues surrounding his non-competition clause which have […]
