Industry
April 9, 2024
Analysts Predict a Dynamic Few Months for the US Gambling Sector
Bank of America Global Research released an investor note on Monday, providing insights into the upcoming first-quarter earnings reports of major players in the gaming industry. Analyst Shaun Kelley highlighted key points, focusing on sports betting giants like DraftKings and ESPN Bet, as well as regional casinos. These insights provide a concise outlook into the […]
Industry
April 8, 2024
Ukraine: iGaming Operators Post Significant Increase in Revenues
In 2022, the same year when Russia invaded Ukraine in an unprecedented act of war, online casinos and betting operators in Ukraine reported UAH 1.94 billion ($50 million) in total revenue. A year later, their revenue skyrocketed more than 28 times, hitting nearly UAH 55 billion ($1.4 billion). Data released by the country’s service for […]
Industry
April 8, 2024
UK Gambling Commission Reveals Three-Year Corporate Strategy
The UK Gambling Commission published its new Corporate Strategy, outlining its plans for the next three years. In addition to vowing to continue its usual regulatory work, the authority made a series of commitments under several areas of strategic focus. These areas, according to the UKGC, include the use of data and analytics to improve […]
Industry
April 8, 2024
Netherlands’ NOGA Regrets the Declining Channelization Rates
“It’s a shame how often Dutch players choose illegal casinos,” the Netherlands Online Gambling Association (NOGA) said as the country recorded a decline in its channelization rate. Whereas 93% of players preferred playing with legal operators in July 2023, only 90% of them did so in December. The decline was outlined in the Kansspelautoriteit’s latest […]
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 […]
Industry
April 8, 2024
UKGC Investigates Gambling Company Alleged Exploitation of Cancer Patient
An investigation by the UK Gambling Commission is underway concerning the actions of high street slot machine operator Merkur, following allegations of exploiting a vulnerable customer. This development has cast a shadow over the company’s expansion drive in the UK. Merkur Under Investigation After Vulnerable Customer Suffers Significant Losses at Stockport branch Merkur, a German-owned […]
Industry
April 8, 2024
New York Sports Betting Sees Resurgence with $41.9M in Weekly Revenue
New York’s sports betting scene experienced a remarkable turnaround in the final week of March, with the New York State Gaming Commission reporting a substantial $41.9 million in adjusted gross revenue (AGR) from mobile operators. This figure marked a significant increase from the previous week, as the collective hold surged to 9.2%, up by over […]
Industry
April 8, 2024
Minnesota Senator Bets of Safety as Online Wagering Discussions Continue
Lawmakers in Minnesota are trying to get mobile sports betting legalized in order to capitalize on the explosive growth of wagering across America. While measures have advanced in both the House and Senate, the future of online betting in the state remains uncertain. As legalization struggles to make strides, Senator John Marty proposed a bill […]
Industry
April 5, 2024
Gambling Addiction Hotlines Witness Rise in Calls amid US Betting Surge
The expansion of sports betting has been ongoing for less than a decade and now more than half of the US states offer the popular activity. The statewide expansion of betting granted sports fans and bettors alike options for legal wagering on sports. This resulted in a decrease in the number of people who use […]
Industry
April 5, 2024
Gambling Addict Jailed Over Cocaine Import Attempt
28-year-old gambling addict K.C. who was involved in a failed attempt to import 2.4 tons of cocaine worth around $100 million into Perth, Western Australia (WA) as part of a large-scale drug operation, has received a jail sentence of over 14 years. WA Police Was Tipped Off In January 2023, the Sydney-based player flew to […]
