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Deyan Dimitrov's latest articles
Deyan Dimitrov
AuthorDeyan is an experienced writer, analyst, and seeker of forbidden lore. He has approximate knowledge about many things, which he is always willing to apply when researching and preparing his articles. With a degree in Copy-editing and Proofreading, Deyan is able to ensure that his work writing for Gambling News is always up to scratch.
Business
March 21, 2025
XLMedia Receives Only $1M Despite Robust Sportradar Financials
XLMedia PLC, a once-leading digital media company, recently announced it will receive a performance-related earnout of $1 million from Sportradar AG. This development comes after XLMedia sold its North American business to Sportradar in November 2024, a deal that initially envisioned a maximum total potential consideration of up to $30 million. Sportradar’s Business Model Proved […]
Industry
March 20, 2025
Finland Moves Toward Gambling Market Liberalization with New Legislation
Finland is on the cusp of a milestone shift in its gambling landscape, as the government has formally introduced a bill to Parliament that would dismantle Veikkaus’ long-standing monopoly over online gambling by the end of 2026. If implemented, the proposed legislation will open the Finnish market to international gambling companies under a new licensing […]
Industry
March 20, 2025
Celebrity Sweepstakes Endorsements Fuel Debate over Gambling Loopholes
Sweepstakes casinos remain a booming industry, allowing players to engage with casino-style games and win real money. However, critics have argued their business model could enable such businesses to sidestep mainstream gambling laws. As the debate surrounding sweepstakes continues, several such operators have taken measures to enhance accountability and transparency and further differentiate their offerings. […]
Industry
March 19, 2025
Pennsylvania iGaming Thrives Despite February Revenue Dip
Pennsylvania’s gambling sector saw a moderate slowdown in February, with total revenue dropping 4.3% year-on-year to $477.2 million, according to data from the Pennsylvania Gaming Control Board (PGCB). Despite this dip, iGaming revenue surged, helping offset losses from traditional casino games and sports wagering. While the data does not encompass verticals like skill games or […]
Legal
March 19, 2025
Australia Hits Active Super with $10.5 Million Fine for Greenwashing
Australia’s Federal Court has ordered superannuation fund Active Super to pay an AUD 10.5 million ($6.70 million) penalty for misleading investors in its environmental, social, and governance (ESG) commitments. The verdict follows court discoveries that revealed Active Super continued investing in businesses it had publicly claimed to exclude from its portfolio. The Court Admonished Active […]
Industry
March 18, 2025
EU Court Ruling Could Derail Lithuania’s Strict Gambling Regulations
Lithuania’s aggressive push to tighten online gambling regulations has suffered a surprise setback following a ruling by the Court of Justice of the European Union (CJEU) that declared key amendments to the nation’s gambling law to be non-enforceable due to procedural failures. This apparent oversight by Lithuanian legislators could significantly affect the nation’s efforts to […]
Industry
March 18, 2025
Underdog Exits New York amid Regulatory Scrutiny
Daily Fantasy Sports (DFS) operator Underdog Fantasy has agreed to a $17.5 million settlement with the New York State Gaming Commission (NYSGC). The operator will withdraw its drafts and pick’em games from the state market after contending with allegations of unlawful operations. Despite this setback, the company plans to return to the Empire State and […]
Industry
March 17, 2025
Connecticut Cracks Down on High5Games for Illegal Gambling
The Connecticut Department of Consumer Protection’s (DCP) Gaming Division has suspended the license of High5Games, a licensed online gaming service provider, following an investigation that revealed the company was running an unlicensed online platform, High5Casino. Authorities are considering legal action since the operation reportedly affected hundreds of consumers. Customers Lost Almost a Million High5Games, known […]
Industry
March 17, 2025
Italy’s Gambling Regulator Unveils Ambitious 2025–2027 Reform Plan
Italy’s Customs and Monopolies Agency (ADM) has unveiled its ambitious Activity and Organisation Plan (PIAO) for 2025-2027 that seeks to modernize, regulate, and bring greater transparency to the nation’s gambling sector. The strategy has special provisions in Italy’s 2025 Budget and aims to establish new compliance measures, introduce technological advancements, and strengthen anti-money laundering (AML) […]
Legal
March 14, 2025
UK Gambling Commission Cracks Down on Illegal Betting Ring
The UK Gambling Commission (UKGC) has intensified its crackdown on unlicensed gambling operations, charging Haydon Simcock, 39, of Weston Coyney, Stoke-on-Trent, for offering illegal gambling services and advertising unlicensed betting platforms. Simcock was detained in September 2024 following a joint investigation by the UKGC and the Staffordshire Police. He is set to appear before the […]
