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Industry
June 19, 2024
Bulgaria’s Gambling Sector Records Unprecedented Surge
Licensed gambling operators in Bulgaria have paid out BGN 5.79 billion ($3.18 billion) to winning players in 2023, significantly surpassing last year’s results and highlighting the untapped potential of the country’s gaming sector. This data was made available by the National Revenue Agency (NRA) after a Freedom of Information request by local news outlet Mediapool. […]
Industry
June 19, 2024
bet365’s Swedish Subsidiaries Have Fines Cut by Administrative Court
Leading global betting brand founded in 2000, bet365, had two of its Sweden-based subsidiaries fined a total of SEK79 million ($7.7 million) in 2023. Following their appeal, the Administrative Court of Linköping decided to reduce the total fine to SEK44 million ($4.2 million) despite opposition from the Swedish Gambling Authority (SGA). SGA Punished Hillside (Gaming) […]
Industry
June 19, 2024
Svenska Spel to Publish Healthy Revenues Report
Svenska Spel, Sweden’s state-owned operator, announced its intention to start reporting how “healthy” its revenues are. Mirroring Kindred’s Journey Towards Zero reports, the initiative will see the Swedish operator disclose what portion of its revenues come from low-risk customers. According to Svenska Spel’s announcement, the first report of this kind will be published at the […]
Industry
June 19, 2024
Spelinspektionen Bans Four Operators, Including Two Skins Gambling Sites
The Swedish Gaming Authority (Spelinspektionen) announced that it has banned an additional four online gambling operators. According to the regulator’s announcement, the four companies in question provided games to consumers in Sweden despite lacking the necessary licenses. In its official statement, the Spelinspektionen confirmed that the four iGaming companies it has taken action against include […]
Industry
June 19, 2024
Wrongful Death Trial Begins over Patron’s Passing in California Casino
Earlier this week, a state court jury in California heard the opening statements in a lawsuit alleging wrongful death at a casino in Bell Gardens. The incident dates back to 2022 when one casino patron, Jonathan Jung, passed away after being restrained by casino security at the Bicycle Casino. Family members of the deceased patron […]
Industry
June 19, 2024
Connecticut’s Gross Internet Casino Revenue Surged in May
The Connecticut Department of Consumer Protection has published its gross internet casino revenue report for May, highlighting a new record-breaking figure. As the state continued to be dominated by FanDuel and DraftKings, the regulator recorded total revenue of $46.3 million, up 41.3% year-on-year. For comparison, last May, the Connecticut internet casino industry reported revenue of […]
Industry
June 18, 2024
Ixia Capital Launches with Impressive Ambitions
Ixia Capital, a new venture capital fund and studio, has officially launched with a $20 million investment aimed at high-growth companies in gaming, esports, digital assets, and related technologies. Founded by partners with extensive firsthand experience in the iGaming industry, Ixia’s primary mission is transforming innovative ideas and technologies into profitable business ventures. The Company […]
Industry
June 18, 2024
NJ Casino Revenue Soared in May, Betting GGR Declined
The New Jersey Division of Gaming Enforcement published its report about the gaming industry’s performance in May, highlighting increases across the casino and iGaming sector amid a monthly decline in sports betting. The total gaming revenue reported by casinos, racetracks and their partners stood at $510 million for May 2024, up 8.3% year-on-year. The state’s […]
Industry
June 18, 2024
Macau Diversifies Away from Gambling with New Gourmet Twist
In order to expand its economy, Macau has made a strategic decision that involves its well-known culinary status as a way of attracting tourists other than the usual casino visitors. Macau to Exploit UNESCO Gastronomy Status Macau was named a “City of Gastronomy” by UNESCO in 2017 and it intends to leverage this recognition by […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
