Gambling Clear News
GAN is set to receive a $30m (£24.1m/€27.3m) loan from Beach Point Capital affiliate BPC Lending I LLC, as part of three agreements signed earlier this month. This forms part of a credit agreement that took place on 26 April 2022. GAN, through its wholly-owned subsidiary GAN Nevada, officially entered into the three agreements on
Hungarian gaming regulator the Supervisory Authority for Regulated Activities (STFHZ) has fined an unnamed private individual HUF 30m (£70,000/ $87,000/ €79,000) for organising a real estate lottery. The regulator warned that such activities, where real estate or cars were given away as part of a lottery, are considered games of chance, and that neither private
French national lottery operator Française des Jeux (FDJ) reported revenue of €662m (£583.9m/$726.5m) for the first quarter of 2023, ended 31 March. This was up by 8% compared to FDJ‘s performance in Q1 2021. On a pro-forma basis for 2022 – which included revenue from FDJ’s point of sales segment Aleda and payment service L’Addition
Troubled Australian casino operator The Star Entertainment Group is to engage new cost and restructuring initiatives as the business warns that it is experiencing “a significant and rapid deterioration in operating conditions”. Star, which has been the target of multiple parliamentary inquiries into misconduct, said that it intends to restructure due to the compounding impact
Alex Igelman, CEO of Esports Entertainment, shared the company’s plans for B2C expansion and outlined its divestment efforts in a letter to shareholders published today (18 April). Esports Entertainment has been in trouble since May 2022 when it admitted “doubt” regarding whether it could stay in business for another year. In November, its brands SportNation
Bet365 is set to launch iGameMedia and THEO Technologies’ optimised sports streaming service next month. Sports broadcaster iGameMedia and THEO – which has developed High Efficiency Streaming Protocol (HESP) – will deliver ultra-low latency sports streaming to the sportsbook market as standard, phasing out HTTP Live Streaming (HLS). The two have combined with rights agency
A number of industry sources have informed iGB that the long-awaited Gambling Act Review White Paper is due to be released as early as Monday 17 April. iGB understands that speculation has come to a head with industry sources widely expecting that the White Paper is due to be released next week, perhaps as early
Gambling technology business Aristocrat Leisure has nominated Jennifer Aument as a non-executive director, subject to receipt of all relevant regulatory pre- approvals. A highly experienced executive, Aument most recently served as global chief executive for transportation at Aecom, where she led a team of over 14,000 people. Prior to this, Aument spent over 15 years
Regulatory compliance business GeoComply announced that would be hiring former US Secret Service special agent Michael Dawson to its risk services team. Dawson – who served 23 years with the federal law enforcement agency – will become a law enforcement liaison for the company after a career that saw him become a proficient investigator of
The Virginia Lottery has become the first lottery in the United States to operate a completely cloud-based ilottery programme following a partnership with technology provider NeoPollard Interactive (NPi). The technological support includes NeoDraw, the central gaming system for draw games, and NeoSphere, the player account management and marketing system. The integration also features NeoPlay, the
