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Business
December 20, 2024
FanDuel Reclaims Dominance in US iGaming for November
There are currently two betting and gaming companies in the United States that dominate the iGaming and sports betting vertical. That’s the case of DraftKings and FanDuel with each competing not only against other rivals but against each other. On the heels of a recently requested antitrust investigation into the duo, an expert analyst highlighted […]
Sports
December 18, 2024
Placing Sports Bets on Credit May Surprise Gamblers with Fees
Ahead of the NFL playoffs and the upcoming holidays, an independent agency in the United States responsible for consumer protection in the financial sector warned that the use of credit cards for sports betting may surprise some betting aficionados with unexpected fees. Increase in Cash Advance Fees The announcement came from the Consumer Financial Protection […]
Legal
December 17, 2024
Australian Operators Face Lawsuits for Dealing with International Fugitive
The Star Entertainment Group and Crown Resorts, two Australian casino and hospitality powerhouses, are facing lawsuits for their past dealings with Michael Gu, an international fugitive who was behind one of Australia’s biggest Ponzi schemes. Gu Defrauded Investors of Millions of Dollars Michael Gu, for context, described himself as a high-end property developer. As the […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Industry
December 17, 2024
New Jersey Gaming Recorded Its Strongest November in 11 Years
The New Jersey Division of Gaming Enforcement (DGE) published a report about the performance of the nine Atlantic City casinos in November. As it turns out, the local casinos have recorded growth after two months of declines. In the meantime, iGaming and sports betting continued to excel. The Casinos Were on the Rise In November, […]
Business
December 16, 2024
Jefferies Praises Gambling.com’s OddsJam Acquisition, Reiterates Buy Rating
Gambling.com, a fast-growing provider of digital marketing services to the global online gambling industry, recently announced its historic acquisition of B2C company OddsJam. The transaction has since received acclaim from business experts, including Jefferies Equity Research. Gambling.com’s Business to Surge, Analyst Believes Jefferies Equity Research analyst David Katz expressed confidence that the deal will benefit […]
Industry
December 13, 2024
How Venmo Is Used for Gambling, Sex and Drug Payments, Report
The evolution of digital payment platforms makes it easier to pay without cash for a range of activities or products. From paying at McDonalds, shopping online and even placing a bet via online casino or a bookmaker, digital wallets sure make cash obsolete. Avoiding Cash, Even Illegal Bookmakers and Drug Dealers Use Digital Payment Platforms […]
Business
December 13, 2024
Caesars Completes LINQ Promenade Sale, Repays Debt
American casino and hospitality giant Caesars Entertainment announced that it has completed the sale of its LINQ Promenade in Las Vegas. The sale of this Las Vegas asset was announced earlier this year and aligned with the casino and hospitality giant’s debt reduction goals. Caesars Used the Money for a Debt Prepayment Caesars agreed to […]
Industry
December 12, 2024
Macau Gaming Tax Revenue Soars as Recovery Accelerates
Macau’s gaming sector remains in full swing as November’s government gaming tax revenue hit MOP$8.0 billion ($999 million), up 6.4% year-on-year and up 20.3% compared to October, according to the latest figures from the Macau Financial Services Bureau (DSF). These figures underline the region’s ongoing resurgence following pandemic-induced setbacks. Key Metrics Recorded Significant Increases Gross […]
Business
December 12, 2024
Analysts Optimistic Regarding Flutter’s Prospects Despite Market Headwinds
Flutter Entertainment, the parent company of FanDuel, continues to enjoy optimistic projections among analysts, with recent evaluations highlighting its strong market position and robust growth potential. Macquarie and Deutsche Bank analysts continue to be confident in Flutter’s long-term prospects despite a challenging market environment, citing its consistent performance in key markets. Experts Largely Agree in […]
