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Angel Hristov's latest articles
Business
March 22, 2024
IGT Refreshes Leadership with New Appointments
International Game Technology, a global leader in the provision of gaming content, has unveiled new additions to its board and executive team. First of all, Marco Drago decided to step down from his role as a non-executive director. He will remain with the company until the official end of his term and will depart after […]
Business
March 22, 2024
Star Entertainment Announces Leadership Changes as NICC Probe Looms
Star Entertainment Group, an Australian gambling giant, is set to undergo another leadership reshuffle. As announced by the operator, Christina Katsibouba, its chief financial officer, is set to exit with immediate effect. More importantly, Robbie Cooke will step down as CEO amid the ongoing license suitability concerns. Katsibouba Departs, O’Connell Joins as Interim CFO Katsibouba’s […]
Sports
March 22, 2024
ESPN Men’s Tournament Challenge Collects a Record Number of Brackets
This year’s edition of the ESPN Men’s Tournament Challenge has collected 22.6 million completed brackets before the start of March Madness, ESPN announced. This is a new record-setting figure for the highly popular college basketball bracket game. According to ESPN’s official announcement, the new number of brackets represents an increase of 13% compared to last […]
Business
March 22, 2024
Gambling.com Posts FY 2023 Results & FY 2024 Guidance
Gambling.com Group, a provider of high-performance digital marketing services for the iGaming industry, has posted its Q4 and FY 2023 results. In addition to that, the company updated its guidance for 2024. In Q4 2023, Gambling.com recorded revenue of $32.5 million, up from $21.3 million in Q4 2022. The company also reported quarterly adjusted EBITDA […]
Industry
March 22, 2024
DraftKings Provides Treatment to Online Players in 25 States
DraftKings announced an expansion of its partnership with Kindbridge Behavioral Health, an organization specializing in problem gambling treatment. Under the deal, the latter firm will offer therapy and treatment in every jurisdiction where DraftKings’ online sports betting and iGaming products are available. The expansion of DraftKings’ relationship with Kindbridge comes less than a year since […]
Business
March 21, 2024
Gambling.com to Acquire XLMedia Betting Assets in $42.5M Deal
Gambling.com Group, an award-winning performance marketing company serving the iGaming industry, has entered into an agreement to acquire XLMedia’s sports betting business in Europe and Canada. The $42.5 million deal comes in the wake of the signing of a new $50 million credit facility with Wells Fargo. Under the deal, Gambling.com will pay a fixed […]
Legal
March 21, 2024
Bloomberry Ends Hostilities with GGAM via $300M Settlement
Bloomberry Resorts Group, one of the Philippines’ gambling leaders, has at last settled its conflict with Global Gaming Asset Management (GGAM), agreeing to buy its GGAM-owned shares back in a $300 million deal. This would effectively mark the end of a lengthy court battle. The issue stems from Bloomberry’s decision to cancel its contract with […]
Poker
March 21, 2024
Acres Highlights Impact of Advantage Players on Loyalty Programs
Acres Manufacturing Company, a developer of casino tech and loyalty programs, has published a study on poker, which reveals how expert poker players impact the industry’s income. The case study is powered by the company’s Video Poker Analyzer (VPA) product, providing important insights into the ways in which Advantage Players (APs) affect the sector. For […]
Industry
March 20, 2024
ASA Agrees BetMGM’s Ad Featuring Chris Rock Doesn’t Appeal to Minors
The UK’s Advertising Standards Authority (ASA) has decided that BetMGM’s TV ad featuring Chris Rock, an American actor and filmmaker, did not violate the country’s rules. The ad aired in October 2023 and, according to complaints appealed to minors. The original ad features Chris Rock accompanied by a lion and traveling on a boat from […]
Business
March 20, 2024
Gambling.com Group Closes $50M Credit Facility with Wells Fargo
Gambling.com Group Limited, an award-winning performance marketing company serving the iGaming industry, has announced the closing of a new credit facility with Wells Fargo Bank in the principal amount of $50 million. The credit facility is comprised of a $25 million revolving credit facility and a $25 million term loan facility, the marketing specialist added. […]
