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Industry
January 12, 2024
Washington County Rakes in $9.2M for LSA Program from Gambling
Pennsylvania’s Washington County is expected to receive some $9.2 million in gaming funds for economic development and community projects. According to a report from Observer-Reporter, a news outlet headquartered in the county, this would be the largest share of local share account casino gambling revenue Washington has received in 14 years. The Department of Community […]
Industry
November 29, 2023
KSA Provides Subsidies to Six Gambling Harm Prevention Research Programs
The Dutch gambling regulator, Kansspelautoriteit (KSA) announced that it has provided financial backing to six safer gambling projects. This move is a part of the ZonMw Prevention of Gambling Addiction research program. As outlined in the program, the recipients of the subsidies must start the projects by February 2024. The KSA also noted that this […]
Industry
August 2, 2023
GambleAware to Open Applications for System Stabilization Fund
In the wake of the UKGC’s decision to allocate regulatory settlement funding to GambleAware, the charity called for applications for a system stabilization fund. As coordinated with Britain’s regulator, GambleAware will use a portion of the money to stabilize the system of gambling harm prevention, support and treatment. The goal of the funding is to […]
Industry
June 30, 2023
MGCB Expects to Receive $51M in Funding for FY2024
The gambling regulator in Michigan, the Michigan Gaming Control Board (MGCB), would benefit from nearly $51 million in funding, after the state’s legislators reached an agreement for the Fiscal Year 2024 budget. Overall, some $50.7 million would be dedicated to the regulator, allowing it to continue to effectively monitor the market and promote responsible gambling. […]
Business
April 26, 2023
Rivalry to Receive $7.3M in Pinnacle-led Funding Round
Rivalry, an international sports betting and media company will receive $7.34 million (converted to USD) in funding through a new financing round. To that end, the company will issue up to 6,666,666 subordinate voting shares at a price of $1.10 each. The funding round will be led by Pinnacle and will feature a variety of […]
Industry
April 6, 2023
New Funds to Help Spelinspektionen Target Unlicensed Operators
The Swedish Gaming Authority (Spelinspektionen) is likely to receive new funds to help its mission to enhance the supervision of the gaming market in the country and oust unlicensed operators. Combat Organized Crime The Swedish government proposed legislators increase the budget allocated to Spelinspektionen in 2023 by SEK2.4 million ($230,360) to boost the watchdog’s capabilities […]
Industry
February 10, 2023
GambleAware Delivers £1.24m via the Community Resilience Fund
Gambling harm charity GambleAware announced the recipients of the Community Resilience Fund, the fund it launched last year to address health inequalities among the most disadvantaged communities. Address Disproportionate Risks Acting on research indicating that people in more deprived areas are three times more likely to suffer from gambling harm, the Community Resilience Fund seeks […]
Industry
July 12, 2022
Future Anthem’s Series A Funding Round Yields Millions
Future Anthem, an AI-powered B2B gaming tech company, concluded a Series A funding round. The company will use the money to invest in new products and provide its partners with more cutting-edge solutions. The Funding Will Help the Company Grow The funding round was led by Bettor Capital, an investment platform and consultancy. Other notable […]
Industry
March 31, 2022
Network Gaming’s Strategic Funding Round Raised £1.25m
A strategic round of funding saw Network Gaming attract £1.25 million ($1.65 million) investment from industry angels, including Betfair co-founder Andrew Black, to support its efforts to innovate sports prediction games. Games to Complement Live Sports Experience Betting technology company Network Gaming raised the money to power the next phase of its international growth and […]
Industry
January 28, 2022
Low6 Plans US Expansion after Completing $5M Funding Round
Sports gaming technology leader Low6 announced Friday that it successfully completed its latest funding round, just ahead of a planned Initial Public Offering (IPO). Just before IPO, Low6 Completes a Funding Round Based in Birmingham, UK, Low6 completed its latest round of funding, raising $5 million. The announcement comes just in time with a planned […]
