Author: newsnet5

New Betting Fees Introduced in Illinois Sports bettors in Illinois have recently encountered new fees and higher minimum wager requirements as sportsbooks adjust to a recently implemented state tax. Beginning July 1, a new regulation requires betting companies to pay $0.25 for each of their first 20 million bets annually, with the fee increasing to […]

Overview of KSA’s Penalty Against Unibet The Netherlands Gambling Authority, known as KSA, has taken action against Unibet’s operator, Optdeck, due to recurring breaches related to unauthorized sports betting activities. The authority has identified a significant risk that these violations may happen again. Details of the Penalty KSA has determined that if Unibet continues to […]

Improved Earnings Mask Underlying Challenges Australia’s leading gambling company, Tabcorp, is projected to report stronger financial results for the second quarter of 2025. Nonetheless, experts caution that deep-rooted structural problems continue to cast uncertainty over the company’s long-term outlook. Recent regulatory pressures and evolving policies in critical markets could pose significant risks if the operator […]

Dana White’s Significant Gambling Debt Dana White, the CEO of UFC, is reportedly carrying a substantial gambling debt estimated between $25 million and $50 million with Red Rock Resorts, a prominent Las Vegas casino operator. Despite this large unsettled amount, Red Rock appears to be patient in collecting the debt, largely due to its strong […]

Glitnor Group Receives Major €55 Million Funding Boost Glitnor Group has obtained a substantial investment of €55 million (approximately $64.2 million) from HG Vora Capital Management, a finance firm based in the United States. This capital injection is aimed at supporting Glitnor’s expansion strategy, particularly through mergers and acquisitions, while strengthening its growth initiatives across […]

Strategic Merger to Accelerate Product Development Pine Sports and SharpSports have combined their expertise in a strategic merger aimed at leveraging the strengths of both companies to enhance their presence in the gaming industry. This alliance is set to foster innovation by blending their distinct capabilities. Enhancing SharpSports’ Product Development and Testing The partnership was […]

Background of the Case On March 13, 2023, the Court of First Instance of Curaçao delivered a ruling against sports betting operator Parimatch. The court ordered the company to compensate a player $19,630 after it was found that Parimatch had wrongly seized the player’s account balance without sufficient proof of wrongdoing. Details of the Dispute […]

Background of Michael “Fat Mike” Sarno Michael Sarno, also known by his nickname “Fat Mike,” led the Cicero Street Crew, a notorious criminal organization based in Chicago. He is currently serving a 25-year prison sentence for multiple offenses. Sarno appealed for compassionate release, citing his declining health and a desire to leave his criminal past […]

Underdog Expands into Prediction Markets with Crypto.com Partnership Underdog, a well-known fantasy sports and sports betting operator, has announced a strategic collaboration with Crypto.com, a prominent cryptocurrency exchange based in Singapore. This alliance will enable Underdog to step into the rapidly expanding arena of prediction markets. Understanding Prediction Markets and Underdog’s Ambitions Prediction markets offer […]

Paul Johnson Joins BHA Board The British Horseracing Authority (BHA) has brought Paul Johnson, the CEO of the National Trainers Federation (NTF), onto its board. Johnson’s deep experience in the horse racing industry makes him an excellent fit, filling the position left by John Ferguson following the conclusion of his term. Details of Johnson’s Appointment […]