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Angel Hristov's latest articles
Casino
August 20, 2024
Virtual Gaming Worlds Set to Exit Delaware as Pressure Mounts
The Delaware Lottery has now reportedly asked Virtual Gaming Worlds (VGW), an operator of sweepstakes businesses, to withdraw from the state. The company is known for such popular brands as Luckyland, Global Poker, and Chumba Casino, all of which used the sweepstakes model to continue doing business without seeking an official gambling license. Virtual Gaming […]
Industry
August 20, 2024
AGA Blasts Sweepstakes Businesses in New Industry Memo
The American Gaming Association (AGA), a trade group that has ratcheted up the talk against illegal gambling in the United States and has gone after the likes of Bovada and BetOnline, has now issued a new memo in which it lambasts the sweepstakes sector and questions its legitimacy. Sweepstakes Businesses Come Under Increased Scrutiny The […]
Business
August 19, 2024
Analyst Claims Penn Entertainment Is Undervalued
However, Penn Entertainment has been rallying over the past 90 days, inching up 20.7% and Barry Jonas, a Truist Securities analyst, believes that there is more than meets the eye in the company. Penn is also a potential acquisition target for Flutter Entertainment, although the company seems reluctant to sell. Penn’s Unrecognized Value May Play […]
Casino
August 19, 2024
Trump and Harris Zero Tax on Tips for Casino Workers May Be Red Herring
Both Trump and Harris have promised casino workers that they would pass legislation that exempts tips from taxes, effectively boosting their cash-on-hand in real terms. Yet, none of the two candidates has told workers how hard passing such legislation would be, verging on the impossible. Trump and Harris Think Good Politics, Not Good Policy Eliminating […]
Industry
August 19, 2024
NBA Awards Voters Prohibited from Placing Bets on the Event
Integrity has been a byword for NBA Commissioner Adam Silver’s stint at the helm of the organization. Having presided over the association’s expansion into the sports betting space, Silver has also vowed to decouple the organization from attendant corruption surrounding the betting vertical. League Rules Now Strictly Prohibited Betting on NBA Awards To ensure that […]
Business
August 16, 2024
Gambling.com’s “High Intent” Audience Secures 18% Jump in Revenue
Blaming a downturn in performance on Google updates and algos is a common litany in the affiliate industry. Yet, Gambling.com Group has broken away from the ranks of moaners and posted one of its strongest quarters to date. The Group generated an 18% gain year-over-year in its Q2 results, with its revenue hitting $30.5 million […]
Industry
August 16, 2024
Channelization Rates in Portugal Suffer as Gamblers Turn to Illegal Gambling
According to the Portuguese Association of Online Betting and Gaming (APAJO), the country is facing a significant interest in betting on unregulated websites by consumers. Based on a recent survey called Online Gambling Habits of the Portuguese, 41% or 2 in 5 gamblers, tend to bet with websites that have not obtained the necessary license […]
Sports
August 15, 2024
DraftKings Lawsuit Over “Misleading” Risk-Free Wagers Dropped by Plaintiff
DraftKings has been in a tough spot. It mistakenly sent an email to its users that there had been an issue with their golf bets (even though many players had not bet on golf), causing a surge of panicked users to log in and temporarily overload the websites. DraftKings Gets Relief in New York Class-Action […]
Sports
August 15, 2024
BlueBet to Rebrand to Betr as Part of Merged Operations
The new Australian betting giant emerging from the combined logistics and assets of Betr and BlueBet will adopt the former’s brand name and image moving forward, the company confirmed following extensive market testing. Betr’s Brand Identity to Trump BlueBet in Merged Entity It was BlueBet who originally acquired Betr, and received approval from Betr shareholders […]
Lottery
August 15, 2024
John Cena Stars as Bodyguard for New Amazon Movie about Apocalyptic Lottery Winners
The new Amazon movie, going live today, and only too appropriately called “Jackpot!” centers around the character of Cena, who is hired as a bodyguard for a lottery winner in a dystopian future. Based in post-apocalyptic California, the state’s economy is in disastrous ruin and to keep people from a popular uprising, the lottery is […]
