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Erik Gibbs's latest articles

Erik Gibbs

Author

Erik brings his unique writing talents and storytelling flare to cover a wide range of gambling topics. He has written for a number of industry-related publications over the years, providing insight into the constantly evolving world of gaming. A huge sports fan, he especially enjoys football and anything related to sports gambling. Erik is particularly interested in seeing how sports gambling and online gaming are transforming the larger gaming ecosystem.

Industry January 26, 2022
Number of Junkets Active in Macau Cut in Half Since January 2021
Over the past year, the total number of Macau licensed gaming junkets has declined by 45.9%. According to the Gaming Inspection and Coordination Bureau (DICJ, for its Portuguese acronym), this is the ninth consecutive year that the number of licensed junkets has declined in Macau. More exits are likely leading up to the implementation of […]
Business January 26, 2022
Bally’s Receives Takeover Offer 30% Greater than Its Valuation
Standard General must know something others don’t. The New York hedge fund has offered to purchase the shares it doesn’t already own of Bally’s Corp. at a $2.07-billion valuation. Standard General is managed by Soohyung Kim, Bally’s chairman. Bally’s Mulls Buyout Bid Standard General is the largest shareholder of Bally’s, holding 20% of the company. […]
Industry January 25, 2022
Small Illinois Village Has Big Ideas for Gambling Machines
A small village in Illinois has big ideas about how it should tax the video gambling terminals (VGT) within its borders. Sugar Grove may raise the annual fee paid by the shops where the machines are located. The Sugar Grove Village Board has already discussed the possibility of imposing an annual fee of $250 per […]
Industry January 25, 2022
Victoria, Australia Reconsiders Plan That Would Force Gambling to Bet Less
The government of Victoria, Australia, thought it was given a perfect solution to reduce problem gambling. Instead of putting the onus on casinos, which proved inept at managing the concept, it would place it on gamblers. While the idea initially gained a lot of support, it will now be scrapped, at least temporarily, according to […]
Sports January 25, 2022
Underdog Wins in the NFL Divisional Playoffs Give Sportsbooks a Boost
This past weekend, the NFL Divisional Playoffs were held. The results of the games show, once again, that the betting lines don’t always get it right. The sportsbooks aren’t complaining, though, as they kept a lot of the sports betting money that had been placed on the favorites to win. Sportsbooks, Bettors Surprised by NFL […]
Industry January 25, 2022
Macau Legislators Approve New Gambling Laws During First Reading
Macau is one step closer to updating its gambling laws. The Legislative Assembly met yesterday, overwhelmingly adopting a draft gaming legislation amendment bill. A legislative committee review and a second hearing are needed before the bill can become law. A New Macau to Emerge in 2022 The bill draft sets a limit of six gaming […]
Industry January 24, 2022
European Lotteries Happy With Move by the European Parliament
The European Parliament (EP) has agreed to help negotiate the Digital Services Act (DSA) provisions in Europe. Part of the regulatory structure created could improve consumer protection and prevent illegal online gambling. This decision was welcomed by European Lotteries (EL) and could – eventually – lead to unified gaming laws. European Parliament Gets Behind the […]
Business January 24, 2022
Genting HK’s Crystal Cruises Shuts Down, Leaves Passengers Stranded
Genting Hong Kong’s luxury cruise company, Crystal Cruises has been suspended until at least April 29 as the group fights for its survival. With mounting debt and no financial relief coming, Genting’s future as a cruise ship operator is in doubt. One ship is already facing seizure over unpaid debt, leaving passengers stranded in the […]
Business January 24, 2022
Allwyn Ready to Complete SPAC Merger, Will Go Live on the NYSE
Blank cheque firm Cohn Robbins will soon acquire Allwyn Entertainment in a transaction that values the European lottery operator and gaming operator at $9.30 billion. This is a deal that allows investors of the Cohn Robbins SPAC (special purpose acquisition company) to purchase shares at a discount valuation. It will also lead to Allwyn being […]
Business January 24, 2022
Eddie Jordan Calls Off Attempt at Playtech Purchase
Eddie Jordan, the former F1 team boss, is no longer interested in purchasing gaming software developer Playtech. Despite creating JKO Play with the hopes of making a play for the company, he has withdrawn his bid. The decision comes following apparent concern about being blocked by a group investment out of Asia. JKO Backs Down […]