Gambling News

Gaming Innovation Group (GiG) has published its financial results for the second quarter of the year (Q2). While the Media division performed well, Platform & Sportsbook struggled to catch up.  According to GiG, its Media division reported all-time-high revenues of EUR 30.3 million ($33.7 million), marking an increase of 39% year-on-year. This figure, according to the company, also marks an organic growth of 18%. EBITDA, GiG said, was up 43% to EUR 14.8 million ($16.5 million), with an EBITDA margin of 48.7%. EBIT, on the other hand, reached EUR 7.8 million ($8.7 million) with a margin of 25.8%. Read the full story ➡ https://lnkd.in/dGCa2Xm6 #finance #gambling #gamblingnews #business #global

The National Football League (NFL) has once again reminded athletes and insiders of its stringent betting policies. This comes just ahead of the new football season, which is set to kick off on September 5. The NFL has long promoted policies that prohibit insider betting or in any capacity undermine the integrity of the sport. As a result, players, team personnel and officials are prohibited from placing wagers on the NFL season or during it. In its reminder, the NFL highlighted the prohibition, which includes other NFL events such as Draft, Combine, Pro Bowl and NFL Honors. Team personnel, in particular, are prohibited from betting on any sport. Additionally, the NFL reminded players and insiders that they are also prohibited from asking their loved ones to place wagers on their behalf. Read the full story ➡ https://lnkd.in/dv9KSPdc #nfl #gambling #gamblingnews #usa #sports

Sandro Tonali, the famous Italy midfielder with Newcastle United Football Club, is set to return to professional soccer today. Tuesday marked the end of the player’s 10-month temporary ban, imposed by the Italian soccer federation. The ban dates back to October when Tonali admitted to breaching the federation’s rules related to betting on soccer games. The regulatory sanction against the Italy midfielder came after he transferred to Newcastle and had only participated in a dozen games. However, his return is for good, Newcastle’s manager, Eddie Howe, revealed in an interview for the Associated Press. According to Newcastle’s manager, the soccer star feels like he is at “the next stage” of his career. Speaking about the midfielder’s training, Howe explained that Tonali ensured he is fitter than he was when he received the ban. Read the full story ➡ https://lnkd.in/dGmbgPPG #sports #soccer #gambling #gamblingnews #uk #europe

DraftKings Inc. co-founders Paul Liberman and Jason Robins have collectively sold over $10 million worth of the company’s shares in the last few days. Liberman, who serves as DraftKings’ president of global tech and product, sold 78,466 shares on Monday for approximately $3.15 million. The shares were sold in several transactions, with their price differing from transaction to transaction. The sales were in line with a pre-arranged 10b5-1 trading plan. Read the full story ➡ https://lnkd.in/dXx4Vnpg #business #finance #gambling #gamblingnews #usa

The Mega Millions thrill keeps on growing as fans have once again missed the elusive grand prize. As a result, the final jackpot of August is set to be a big one, Mega Millions officials announced. As no one matched all six numbers drawn Tuesday night, the jackpot kept on growing and is set to reach $627 million for the drawing on Friday, August 30. The lump cash value of the jackpot stands at approximately $309.1 million, providing life-changing opportunities to players. Read the full story ➡ https://lnkd.in/dtD9guRH #lottery #jackpot #gambling #gamblingnews #usa

BetMGM, a leading iGaming and sports betting operator, revealed multiple “game-changing features” ahead of the 2024 football season. Designed to elevate the customer experience, these improvements are set to redefine how fans engage with the platform. Additionally, the company unveiled a live blackjack-oriented partnership with two New York Jets players. The upgraded platform will notably include markets by Angstrom, Entain’s sports modeling and analytics company, providing fans with even more wagering opportunities. Angstrom, for context, offers differentiated play-by-play simulation-based pricing models that will highlight BetMGM’s commitment to excellence. Read the full story ➡ https://lnkd.in/dRTjnyiU #sports #usa #gambling #gamblingnews #nfl

According to the American Gaming Association (AGA)’s annual report for 2023, Pennsylvania has claimed the crown for gaming-specific tax revenues, surpassing every other US state. The Keystone State’s gambling sector is showing no signs of slowing down, as July’s results highlighted a robust and diverse industry that can deliver sustained growth despite emerging challenges. AGA’s data revealed that Pennsylvania’s annual state casino tax revenue was a whopping $2.3 billion, exceeding New York’s by roughly $250 million. This result places Pennsylvania as one of only three states—along with Nevada—to exceed a billion dollars in this category. The AGA’s 2023 data cements Pennsylvania’s status as the leading US gambling jurisdiction. Industry experts highlight several advantages that propel the Keystone state’s gambling sector above that of other states. An expansive market and comparatively high tax rates on gambling activities complement a broad selection of competitive gaming options like traditional casinos, iGaming, sports wagering, and fantasy sports contests. Read the full story ➡ https://lnkd.in/d--ZTgqQ #regulation #tax #gambling #gamblingnews #finance #business

Rush Street Interactive, a leading US-based betting and gaming company, has unveiled improvements to its iRush Rewards Loyalty Program. According to the company, the revamped program will boast a number of customer-centric changes. According to RSI’s official announcement, the improvements will make it easier for players to redeem rewards, maintain their status and associated benefits longer and gain access to an expanded selection of perks. The operator added that benefits will include complimentary cruises, luxury gifs and vacation packages, among others. Read the full story ➡ https://lnkd.in/dk_RtzFt #igaming #gambling #gamblingnews #casino #usa

Professional poker player Seth Davies has made history by winning the Super High Roller Bowl IX. Now, the poker pro has added $3.2 million to his winnings track record. The Super High Roller Bowl IX was a high-roller tournament with a buy-in of $300,000. It welcomed 24 seasoned professionals, including Davies. The finals saw Davies face off against Juan Pardo, a Spanish poker powerhouse. With a lead of 4.26 million chips against Pardo’s 2.94 million, Davies had a clear advantage. In just two hands, Davies secured the top spot and some $3.2 million to add to his lifetime poker tournament winnings. Read the full story ➡ https://lnkd.in/ejfHeX74 #people #poker #gambling #gamblingnews

An online player from New Jersey has made history by winning the largest online casino jackpot in the history of the United States. The historic win happened a few days ago on BetMGM’s online gambling platform. BetMGM Casino reported that a player had won its historic $6,450,023 progressive jackpot. In a news release on August 21, the company said that a player had won the life-changing sum on a $200 wager. In addition to claiming the huge pot, the player will also be gifted a trip to an MGM Resort, in line with the company’s policy for players who win over $500,000. Read the full story ➡ https://lnkd.in/eCr8hVKh #igaming #gambling #gamblingnews #usa #jackpot #newjersey