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Angel Hristov's latest articles
Business
May 7, 2024
Ainsworth Adds Legal & Compliance Heavyweight to Its Team
Ainsworth Game Technology (AGT), a leading manufacturer and supplier of gaming machines, software and gaming equipment, has strengthened its leadership team with the appointment of Nancy Ramirez Ayala. The new hire will join AGT’s team as SVP, general counsel and group compliance officer. Ayala brings robust expertise in the iGaming sector to the team. Well-versed […]
Business
May 6, 2024
IC360 Forms Historic Geolocation Partnership with Radar
Integrity Compliance 360 (IC360), an integrity and compliance specialist formed through the recent merger between US Integrity and Odds On Compliance, has unveiled a strategic partnership with Radar, a recognized leader in geolocation technology. The tie-up will combine the two parties’ strengths in location intelligence, gaming compliance and integrity monitoring to deliver a state-of-the-art suite […]
Sports
May 6, 2024
Maine’s Sports Betting Tax Revenue Declined as Fans Won Big
The Maine Gambling Control Unit has disclosed information about the local sports betting market’s performance in March. While the month attracted a record-breaking volume of bets, operators’ hold percentage was quite low, resulting in a decline in tax revenue. For context, Maine’s sportsbooks recorded approximately $48 million in bets. This figure represents a month-on-month increase […]
Industry
May 3, 2024
Sweden to Introduce New Anti-Match-Fixing Measures from July 1
Swedish lawmakers have unveiled new measures to reduce match-fixing and maintain the integrity of sports betting. Speaking at a joint press conference, the country’s financial markets minister, Niklas Wykman and Spelinspektionen’s director general, Camilla Rosenberg, said that the new measures would come into force on July 1, 2024. Under the current system, sports leagues, betting […]
Casino
May 3, 2024
Queensland Says CTFE Is Suitable to Be Associated with Star Entertainment
The Queensland government has determined that Chow Tai Fook Enterprises (CTFE) is suitable to be associated with Star Entertainment Group’s Queen’s Wharf Brisbane property. The investigation into the matter came in the wake of Star Entertainment’s violations and apparent ties with Asian junket operators. For context, Star Entertainment was previously found guilty of multiple AML […]
Sports
May 3, 2024
Sandro Tonali Receives a Suspended Ban for Violating FA’s Code
Sandro Tonali has received a two-month suspended ban for his gambling violations. The ban is suspended until the conclusion of the 2024-25 season and will come into effect if Tonali commits a new violation. The FA charged the midfielder with 50 breaches of FA Rule E8 for placing bets on football matches between 12 August […]
Casino
May 3, 2024
Elements Casino Chilliwack Donates $680K to KRLA
Elements Casino Chilliwack, a casino property in British Columbia, Canada, has unveiled a donation of almost a million Canadian dollars to The Knight Road Legacy Association (KRLA). The funding, according to the casino’s official announcement, will fuel dozens of local charities, in line with the gaming property’s goal to make a positive change. As announced […]
Business
May 2, 2024
Rush Street’s Q1 Report Highlights Improved Revenue and Reduction in Losses
Rush Street Interactive (RSI), a leading American online casino and sports betting company, has published its quarterly report for the period ended March 31. The company reported a significant increase in revenue and significantly narrowed its losses. For context, Rush Street reported Q1 revenue of $217 million, up 34% year-on-year from the $162.4 million reported […]
Business
May 2, 2024
Bally’s Q1 Financials: Losses Offset Favorable Revenue
Bally’s Corporation has published its Q1 results, reporting what CEO Robeson Reeves called a “solid start” to the year. Unfortunately, the favorable performance across several segments was offset by a loss of $173.9 million, triggering a decline in the company’s share price. For Q1, Bally’s reported company-wide revenue of $618.5 million, representing an increase of […]
Business
May 2, 2024
MGM Resorts Posts Record-Breaking Q1 Results, Eyes New Opportunities
MGM Resorts has published a record-breaking quarterly report, highlighting a significant increase in revenue. The company attributed the positive results to its diverse assets. For context, MGM’s net revenues for the period reached a whopping $4.4 billion, representing an increase of 13% year-on-year. According to CEO Bill Hornbuckle, this stellar figure was underpinned by the […]
