Swedish gaming operator Cherry AB is exploring options to sell its online casino and sports betting subsidiary, ComeOn Group, as part of a strategic shift in focus. Cherry, owned by private equity firm Bridgepoint, is reportedly working with financial advisors at Moelis and Jefferies to evaluate the best course of action for its Malta-based subsidiary.
Month: October 2024
The sports betting industry in Asia is experiencing substantial growth, fueled by increasing interest in football and basketball, as detailed in a recent study by the International Betting Integrity Association (IBIA). This report, conducted by H2 Gambling Capital, offers in-depth insights into the market trends and projections that outline the potential trajectory of this sector through 2028. Expanding market with promising forecasts:
Thailand’s move toward legalizing casinos is making progress, with the draft law on entertainment complexes expected to be presented to the cabinet by the end of this year, according to Deputy Finance Minister Julapun Amornvivat. The bill, which seeks to regulate and legalize casino resorts within Thailand, will then move to the House of Representatives
The European Gaming Congress (EGC) 2024 has marked a new milestone by attracting a record number of delegates to its two-day conference in Warsaw. Organized by HIPTHER, the iGaming and GameTech event has grown in prominence, with attendance more than doubling compared to the previous year, reaching nearly 200 participants. The 2024 edition of the
The International Betting Integrity Association (IBIA) reported that suspicious betting alerts were down 16% year-over-year in the third quarter of 2024. There were a total of 42 alerts in the period, down 54% from the 91 alerts in Q2. The Q3 incidents were spread across five sports in 18 countries and five continents, with football
The organizers of the BEGE Awards 2024, taking place on November 27th at the Club Black & White in Grand Hotel Millenium, Sofia, have announced the second group of professionals joining the Awards Jury. “We’re pleased to reveal the next group of accomplished professionals who will be serving on the BEGE 2024 Awards Jury,” a
Attorney Carlos Fonseca Sarmiento, partner of Fonseca Abogados LLC, will be one of the speakers at the next edition of the SBC Summit Latin America, an event to be held from October 29-31 at the Seminole Hard Rock Hotel & Casino in Miami, Florida. In an interview with Yogonet, the lawyer gave details about the
Pay4Fun participated in the LSEG Risk Revealed 2024, an event organized by the London Stock Exchange Group in São Paulo, where the new rules and challenges that the betting industry and the financial world are facing were discussed. Camila Caresi Rupe, Director of Compliance at Pay4Fun, was one of the panelists and provided her insight when
Ban online betting and gambling throughout Brazil. This is what the bill (PL) 4.031/2024, presented by Senator Sérgio Petecão (PSD-AC) on October 21, proposes. The text excludes the prohibition of the federal lottery and determines that only physical bets should be allowed, with the purchase of printed tickets. In justifying the proposal, Petecão cited concerns
Oct 25, 2024 4 min read Table Of Contents The weekend is upon us, and that means many PokerNews readers are preparing to swap the daily grind of their nine-to-five for battling at the virtual felt in some prestigious poker tournaments. This weekend has plenty of stellar events for you to sink your teeth into,
Oct 24, 2024 2 min read The CAD $3,500 buy-in, CAD $1.5 million GTD World Poker Tour (WPT) Playground Championship kicked off on Thursday with Day 1a action. The first of three starting flights attracted 143 runners to the Montreal poker mecca, and after 10 levels of play just 44 remained with Giuseppe Corapi and
Oct 24, 2024 3 min read Table Of Contents Unless you’re Allen Kessler, you’ve no doubt heard of Jeremy Renner, one of the most popular and successful actors in both television and film. He’s Hawkeye in the Marvel Cinematic Universe, had breakout roles in The Hurt Locker and Wind River, is a part of both
View image in fullscreen Gambling poses huge global threat to public health, experts warn Lancet commission calls for gambling to be treated in same way as alcohol and tobacco after technology widens reach Gambling poses a growing worldwide threat to public health, with its rapid expansion via mobile phones and the internet harming far more
Oct 24, 2024 2 min read Table Of Contents The CAD $3,500 buy-in, CAD $1.5 million GTD World Poker Tour (WPT) Playground Championship kicked off on Thursday and is the culmination of an already successful festival at Montreal’s premier poker hotspot. For instance, from October 14-21, the CAD $590 buy-in, CAD $400K GTD WPT 500
Americans love to gamble, but for years a line has been drawn around betting on US elections. That was until the New York-based startup Kalshi sued the Commodities and Futures Trading Commission over the issue. And in early September, a Judge agreed with the company and overturned the Commission’s prohibition on the activity. Kalshi then
Oct 24, 2024 3 min read Table Of Contents The World Series of Poker Circuit is headed to the Windy City on November 7 for the WSOP Circuit Grand Victoria. The event is hosted by the Grand Victoria Casino, a riverboat casino posted up on the banks of the Fox River just outside Chicago. The
Oct 24, 2024 2 min read Table Of Contents The World Poker Tour (WPT) is back at Montreal’s Playground! The WPT Playground festival started back on October 24, but today the CAD $3,500 buy-in WPT Playground Championship, which offers a guarantee of CAD $1.5 million, officially kicked off. Some familiar faces were in action from
Ever since Ontario legalized online casinos back in April 2022, the iGaming scene in the province has gone from strength to strength, and has rapidly become one of North America’s leading online gambling markets. In fact, according to iGaming Ontario’s Q1 Market Performance Report for 2024, the province saw a total gaming revenue of $726
Las Vegas Sands Corp. has unveiled plans for a groundbreaking development in Singapore, christening the project Marina Bay Sands IR2. This new venture, set to redefine the integrated resort landscape, involves an investment of US$8 billion, marking a significant escalation from the initial US$3.3 billion laid out in 2019. This project is not just an expansion but a comprehensive, stand-alone
Thailand is on the brink of a significant transformation in its entertainment and tourism sector with the upcoming submission of the draft law on entertainment complexes, now being termed the Integrated Resort Act, to the cabinet for deliberation. Deputy Finance Minister Julapun Amornvivat confirmed that the draft, which encompasses the legalization of casinos within these resorts, has garnered substantial