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Velimir Velichkov's latest articles
Velimir Velichkov
Co-editorWilliam Velichkov is a research-driven writer. His strengths lie in ensuring factual accuracy, vetting government documentation and reaching out to regulators and other officials. He is particularly fond of financial reporting, the sports betting industry, B2B partnerships and esports betting developments. William is a strong asset to the Gambling News team as he adds a bedrock to our reporting.
Business
April 24, 2024
Kambi Posts Strong Q1 Results, Plans Further Growth
The provider of premium sports betting services to iGaming and betting operators across the globe, Kambi, released its latest financial update, uncovering details about its performance for the first quarter of this year. In its Q1 2024 unaudited report, the company posted €43.2 million ($46.2 million) in revenue, a result that showed a slight 2% […]
Business
April 16, 2024
Gambling Spend Skyrockets by 18% in Denmark for February
Spillemyndigheden, the Danish gambling regulator, released new data, highlighting a significant increase in the spending on gambling activities for this February. Data disclosed Tuesday revealed that the total gambling spend on online casino, gaming machines, land-based casinos and betting, skyrocketed to DKK 587 million ($83.8 million). The aforementioned result, compared year-over-year to the February 2023 […]
Industry
April 16, 2024
Pennsylvania Reports Surge in Online Gambling Participation
A newly released report uncovered insights regarding the impact of online and offline gambling activities on Pennsylvania residents. The report was funded by the gambling regulator in the state, the Pennsylvania Gaming Control Board (PGCB), and developed by Penn State’s Criminal Justice Research Center in collaboration with the Pennsylvania Department of Drug and Alcohol Programs […]
Business
April 12, 2024
Altenar Strengthens C-Suite with Sam Hill as Sales Director
The leading provider of sportsbook services, powering gaming operators across the globe, Altenar, strengthened its senior-level team with a fresh appointment. On Friday, the company revealed it added Sam Hill, an expert with nearly 15 years of experience within the gambling sector, to the role of sales director. Joining Altenar’s C-suite, the seasoned executive is […]
Sports
April 10, 2024
NJ Sen. Kristin Corrado Proposes College Prop Bet Ban
The nationwide expansion of sports betting brought a legal form of wagering for millions of Americans. A majority of the US states currently offer the activity, while a handful of states are currently trying to legalize it. Yet, the statewide betting expansion continues to raise concerns about the integrity of professional and collegiate sports. Over […]
Industry
April 8, 2024
Victoria Implements Tougher Standards for Sportsbook Player Statements
Several years ago, the gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), initiated a review of the monthly statements provided by betting operators in the jurisdiction. Last summer, the gambling watchdog issued an Activity Statement Expectations Guide and requested feedback from the licensees. Implementing changes to the way operators present […]
Business
April 5, 2024
KSA Teams up with Cloudflare to Combat Illegal Gambling
The Dutch gambling regulator, Kansspelautoriteit (KSA), announced it signed a new agreement with the global provider of cloud services, Cloudflare. The new collaboration was confirmed Thursday by the gambling watchdog. Joining forces with Cloudflare, KSA said that it will continue the battle against illegal online gambling websites offering their services to Dutch customers. Per the […]
Lottery
April 4, 2024
Powerball Jackpot Skyrockets to $1.23bn for Upcoming Draw
For four months, the jackpot of the popular lottery game in America, Powerball, evaded the players. After surviving on Wednesday, when the latest drawing of Powerball was, the jackpot is now estimated at $1.23 billion for the upcoming draw on Saturday. This mind-blowing sum makes him the fourth largest in the history of the game. […]
Business
April 3, 2024
Andrea Bossard Promoted to Senior Director, Engineering at GLI
The leading provider of iGaming and lottery testing, assessment and other services powering gambling operators across the globe, Gaming Laboratories International (GLI), strengthened its senior-level team with a new promotion. The company confirmed on Tuesday it selected Andrea Bossard for the role of senior director of engineering. The latest appointment represents a promotion for the […]
Industry
April 2, 2024
Gambling Regulator in Denmark Continues to Fight Illegal Offering
The gambling regulator in Denmark, Spillemyndigheden, released a new report, highlighting its efforts against illegal gambling and accomplishments completed in 2023. Details regarding the new report emerged Tuesday with the gambling regulator confirming that monitoring illegal gambling offerings is a part of its ongoing priorities. Not unexpectedly, Spillemyndigheden takes action against unlicensed gambling operators offering […]
