All Posts By Mark Pearson

Things Going From Bad to Worse for DraftKings as Law Firm Investigates GNOG Takeover

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Securities law violations A US class action law firm has announced it is investigating DraftKings’ acquisition of Golden Nugget Online Gaming for the latter’s alleged violation of securities law. Stock Market News took to Twitter December 4 to announce the investigation by the New York-headquartered mergers and acquisitions company, Monteverde & Associates: Investor Alert: The M&A Firm ...

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Ohio Could Get Sports Betting by 2023 as Lawmakers Come to Agreement on Proposal

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Legislative leaders align An Ohio House of Representatives member has announced that he and other legislative leaders have agreed on a proposal that could see legal sports betting launch in the state by 2023. On December 1, Statehouse News Bureau correspondent Andy Chow said Bill Seitz (R-Cincinnati) and other Ohio lawmakers have reached a “conceptual agreement.” Ohio ...

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AGA Boss Describes US Sports Betting Ads Blitz as ‘Unsustainable Arms Race’

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Battle of attrition As US sportsbooks continue their battle of attrition for market share, American Gaming Association (AGA) president Bill Miller has called the escalation of sports betting ads “an unsustainable arms race.” Miller’s comments came on Wednesday during the SBC Summit North America sports betting conference. On Twitter, sports betting industry analyst Alfonso Straffon shared news ...

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UK Gambling Watchdog Fines iGaming Firm Greentube £685,000, Cites Anti-Money Laundering Failures

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Multiple compliance failures The UK Gambling Commission (UKGC) has ordered Novamatic subsidiary Greentube Alderney Limited to pay a £685,000 ($912,180) penalty, citing social responsibility and anti-money laundering failures.  The UK gambling watchdog took to Twitter December 2 to share news of its regulatory action against the Vienna-headquartered global iGaming service provider: An online gambling business must pay ...

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Aussie Racing Body Fines Entain AU$26,690 for Offering Cash Bonuses to New Bettors

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Breach of license An Australian racing regulator has fined Entain AU$26,690 ($19,074) for breaching its sport betting license by offering cash bonuses to new customers. US Financial analyst Alphonso Straffon took to Twitter November 28 to share news of the Isle of Man-based sports betting and online gaming giant’s violation: Meanwhile in the Northern Territory, Australia…."… companies ...

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Dutch Gambling Regulator KSA, Facebook Dethrone Illegal Bingo Operator Dordtse Queens

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Facebook removed group A report by Dutch gambling regulator Kansspelautoriteit (KSA) has resulted in Facebook removing a group on its platform that was operating illegal online bingo games. The KSA shared news of the bingo takedown via Facebook on November 26: The KSA named Dordtse Queens as the Facebook group behind the illicit games. The Dutch agency ...

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Ingenious Laminated Bank Notes Ruse Sees Gang Con UK Retail Sportsbooks Out of £663,556

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Conspiracy to commit fraud A gang of four men have pleaded guilty to conspiracy to commit fraud after they used laminated bank notes to con retail sportsbooks out of £663,556 ($886,484) by tricking their self-service machines. The four entered their guilty pleas at Kingston-Upon-Thames Crown Court in London on November 22. TV station London Live shared news ...

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Shares Soar for Crown Resorts as Blackstone Rebounds With Sweetened AU$8.5bn Bid

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Battle for control resumed US private equity giant Blackstone Inc., has resumed its battle for control of Australia’s Crown Resorts with a fresh AU$8.5bn (US$6.2bn) bid. Australian online broker CommSec took to Twitter on Friday with news that the sweetened bid has sent beleaguered Crown’s stock soaring: ASX 200 company movers on Friday: a re-vitalised takeover ...

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Crown Perth Report Exposes Culture of Fear as Staff Say ‘Money More Important’ Than Rules

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Afraid to speak out Australia’s Perth Casino Royal Commission has released a report into Crown Perth. It cited staff as saying they were afraid to speak out amid a corporate culture of fear governed by the belief that “money is more important” than following the rules. The Perth inquiry commissioned corporate consultant Elizabeth Arzadon to write ...

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BetMGM Partners New York’s Knicks and Rangers in Madison Square Garden Deal

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Multi-year marketing partnership BetMGM has partnered with the NBA’s New York Knicks and the NHL’s New York Rangers as part of a multi-year marketing agreement with Madison Square Garden (MSG) Sports Corp. The deal announced Tuesday makes the New Jersey-based betting giant the official sportsbook for the two pro league franchises, plus the iconic indoor arena ...

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