Galaxy Entertainment Group (GEG) announced the peaceful passing of its founder and Chairman, Dr. Lui Che Woo, on November 7, 2024, at the age of 95. Dr. Lui’s death marks the end of an era for the company he began and shepherded to remarkable heights in the gaming and hospitality industries. From humble beginnings to tycoon:
Sports betting giant DraftKings has opened a new $500 million credit facility, expected to give the company easy access to more and cheaper liquidity should it require the money in the next few years. The new $500 million revolving credit facility, taken out this week with a syndicate led by Morgan Stanley, replaces a $125 million
Nov 12, 2024 4 min read Table Of Contents Sports card shop owner Jared Bleznick showed some aggression during Tuesday’s High Stakes Duel 5 opening round while defeating poker legend Patrik Antonius for $100,000 in a four-hour battle. The no-limit hold’em/pot-limit Omaha mix game on PokerGO cost $50,000 per player to enter. Each player received
We have another look at an online slot from Spadegaming! It’s Alchemy Quest Level Up, with six reels, seven rows, and over 117,000 paylines! There are five betting levels to choose from based on the amount of credits you wager. Plus, it features Wild and Scatter Symbols, Magic Portals that lock on the reels, and
The Paraguayan government has introduced a bill to the Chamber of Deputies to transform the country’s gambling landscape. The new proposal seeks to update Law No. 1,016/1997, which has regulated Paraguay’s gambling market for over two decades. The proposed changes would dismantle gambling monopolies, opening the market to private competition and strengthening the powers of
Endeavor Group Holdings, Inc., a prominent force in the global sports and entertainment sectors, announced a decisive move in its strategic reconfiguration by agreeing to sell its sports betting divisions, OpenBet and IMG ARENA, to OB Global Holdings LLC. This transaction, spearheaded by a management buyout featuring prominent participation from OpenBet executives including CEO Jordan Levin, is backed by
In a sweeping policy shift, Philippines President Ferdinand Marcos Jr. has signed an executive order banning all offshore gaming operations within the country, marking a decisive end to the Philippine Offshore Gaming Operator (POGO) industry. The order, titled “Immediate Ban on Philippine Offshore Gaming, Internet Gaming, and Other Offshore Gaming Operations in the Philippines” and
Nov 11, 2024 3 min read Ethan “Rampage” Yau will “one day” learn who is trustworthy, but not this day, apparently. The popular poker vlogger tweeted out his “Scammer of 2024” award recipient, and the winner is a bookie who allegedly owes him thousands of dollars. Neema Khazaie, an agent for Diamond Sportsbook, is supposedly
The Dutch gambling regulator Kansspelautoriteit (KSA) has issued warnings to three gambling operators for breaching advertising regulations through unauthorized sponsorships at sporting events. The move underscores the KSA’s commitment to tightening control over gambling promotions as part of the Netherlands’ stringent advertising regulations implemented last year, which aim to minimize exposure to gambling ads, especially
Game Lounge, a leading force in the iGaming affiliate industry, has announced its acquisition of Two Kings Consultants B.V., the company behind the well-known Dutch iGaming website, Meneer Casino. This strategic move signals Game Lounge’s entry into the fast-expanding Dutch iGaming market and reinforces its influence within the global affiliate landscape. The acquisition adds Meneer
View image in fullscreen Great Britain ‘lags behind’ Europe on betting ad regulation, says gambling charity Public health concerns fuel restrictions across comparable markets, yet UK remains ‘lenient’ Great Britain “lags behind” Europe on measures to restrict betting adverts, according to a report released days after official data showed a sharp increase in the number
PENN Entertainment (PENN) reported solid third-quarter earnings on Thursday, driven by stable retail operations but marred by challenges in its digital segment. The company highlighted its ongoing integration of ESPN Bet and other expansion efforts, despite a sluggish quarter for consumer demand in certain regions. Gross revenue amounted to $1.6 billion, up by 1.2% year-on-year,
In episode 864 of the PokerNews Podcast, host Chad Holloway is joined by Kyna England and Connor Richards to discuss a player that was banned from an online poker room and stripped of his World Series of Poker Gold Bracelet that he won. 📺 The Ultimate Stack: https://youtu.be/luBTgvhECTk?si=wSBJx3UD2MNO5xiw
We’ve got a review for the Lion Frenzy slot machine, a linked progressive with Mini, Minor, and Major jackpots from Konami Gaming! This game comes with a 5 reels, 50 paylines, multipliers, and a Free Spins round! [embedded content] This new game series on the Konami Dimension 27 cabinet, with inaugural Lion Frenzy slot machine
Celebrating its 30th anniversary, Apricot—formerly known as Microgaming Software Systems Limited—marks this milestone with a bold rebranding that looks ahead. Known for its pioneering work in online gaming, Apricot has transitioned away from content aggregation to focus on delivering advanced platform software solutions, setting a new course for its future. This evolution captures the company’s
In a significant regulatory move, Philippines President Ferdinand Marcos Jr. has issued Executive Order (EO) No. 74, enacting an immediate prohibition on all Philippine Offshore Gaming Operators (POGOs) and related offshore gaming activities in the country. Signed on November 5, the EO formalizes the POGO ban, initially declared during Marcos’ State of the Nation Address
Illinois-based J&J Venture Gaming is set to expand its footprint in Nevada with the acquisition of 10 slot-only casinos operated by Reno-based Leisure Gaming, pending final approval from the Nevada Gaming Commission later this month. Through its Golden Route Operations affiliate, J&J Gaming will take over Leisure Gaming’s operations in northern Nevada, adding 10 locations
Nov 09, 2024 3 min read Table Of Contents One of the things that made the 2024 PokerStars North American Poker Tour Las Vegas so special was the fact the buy-in for the Main Event was raised from $1,650 to $5,300. As a way to make the increased entry fee accessible to everyday players, PokerStars
Italy’s online gambling market has continued its upward trajectory in September 2024, with several segments posting significant growth. Notably, the online casino sector has been a standout performer, while the poker tournament segment has shown signs of recovery. Key Takeaways: Online casino: Consistent and significant growth Online betting: Moderate growth but stable Poker tournament: Signs
ComeOn Group, a leading iGaming operator, has successfully expanded its presence in Ontario by adding a sportsbook component to its established online casino platform. Following the acquisition of the necessary permits, this development represents a significant step forward for the company as it aims to double its sportsbook business over the next few years. By
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