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Legal
October 8, 2024
Casino Giants in Chile Face Allegations of Rigging License Bids
Three leading gambling operators in Chile are accused of colluding after a large-scale investigation. Details regarding the massive scandal emerged recently with the National Economic Prosecutor’s Office (FNE) filing an antitrust lawsuit with the Competition Tribunal (TDLC). Three Gambling Operators Accused of Colluding When Filing Casino License Bids In its lawsuit, FNE named as defendants […]
Legal
October 4, 2024
Sorare Stands Its Ground in the Face of UKGC Accusations
Sorare, the fantasy sports platform known for its partnerships with renowned soccer leagues like the Premier League, has pleaded not guilty to accusations from the UK Gambling Commission (UKGC) of offering illegal gambling services. The French-based company, which allows users to collect and trade digital cards featuring professional sportspeople, entered its plea at Birmingham Magistrates’ […]
Industry
October 4, 2024
Canadian Company Sues Wynn Resorts for Due Diligence Failures
A Canadian company will be taking Wynn Resorts to court for allowing a big time con artist to gamble with stolen money. The plaintiff is seeking damages, alleging that Wynn did not conduct adequate due diligence into the player in question. James Bay: Wynn Did Not Fulfill Its Due Diligence Responsibilities The plaintiff in the […]
Legal
October 4, 2024
Koin Secures Initial Victory in Everi Federal Lawsuit
A lawsuit between two technology companies that power the gambling sector with cashless solutions recently picked up speed. Earlier this year, Koin Mobile, a company providing cashless solutions, filed a lawsuit against its rival, Everi, a recognizable technology and solutions provider that operates in the same vertical, alleging digital wallet infringement. Koin Will Continue Its […]
Lottery
October 3, 2024
LA Judge Dismisses $2bn Claim Against Powerball Winner Edwin Castro
A Los Angeles Superior Court judge has dismissed the lawsuit against Edwin Castro, the man who won the $2.04 billion Powerball, the largest lottery prize in history, in a case that has stirred a lot of controversy in the media. The lawsuit, originally filed in February 2023 by landscape gardener Jose Rivera, claimed that Rivera […]
Legal
October 2, 2024
Analysts Say Dragon Train Creator Quit Light & Wonder as Aristocrat’s Lawsuit Raged On
Emma Charles, the lead developer of the controversial Dragon Train game is no longer working for Light & Wonder, according to full-service investment banking and corporate banking specialist Truist Securities. As reported by NEXT.io, Truist said also that gambling provider might be consider replacing the game with another one following the recent preliminary injunction. Charles […]
Legal
October 2, 2024
Former Jaguars Employee Sues FanDuel from Prison
Amit Patel, the former Jacksonville Jaguars executive who pleaded guilty to defrauding the team out of more than $22 million, filed a $250 million lawsuit against FanDuel, accusing the sportsbook of exploiting his gambling addiction. He claims the operator violated its responsible gaming and anti-money laundering policies and profited off his condition. Most of Patel’s […]
Legal
September 30, 2024
Plaintiffs Seek to Resurrect Las Vegas Antitrust Lawsuit
A group of former hotel guests have filed a brief with the US Court of Appeals for the Ninth Circuit, arguing that many Las Vegas casino hotels are engaging in price-fixing, violating local antitrust laws. This complaint follows an earlier dismissal of a Las Vegas hotel price-fixing lawsuit. The earlier lawsuit claimed that major operators […]
Legal
September 30, 2024
Shareholder Lawsuit May Derail Apollo-Everi Acquisition
Dan Clancy, a shareholder of Everi Holdings, on Wednesday, 25 September, filed a suit to block the proposed $6.3 billion deal by Apollo Global Management to acquire the company. The lawsuit accuses Everi’s board of directors of violating securities laws by submitting a misleading and incomplete proxy statement regarding the deal. The Deal Has Significant […]
Legal
September 30, 2024
DraftKings Scores Another Victory in Legal Case Against Former Senior VP
The 1st US Circuit Court of Appeals in Boston has upheld a pivotal ruling that limits former DraftKings executive Michael Hermalyn from performing his full work-related duties at sports betting rival Fanatics. The court denied Hernalyn’s appeal to lift an injunction limiting his role at Fanatics, which he joined after resigning from DraftKings in January […]
