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Erik Gibbs's latest articles
Erik Gibbs
AuthorErik 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
February 18, 2022
Latest UKGC Data Shows Increase in Online Activity, Decrease in Revenue
The UK Gambling Commission (UKGC) has provided an update on the revenue status of online gambling in the country. This latest data includes corrections to information previously published and covers the third fiscal quarter. That corresponds to the last quarter of 2021, in which online gross gaming yield (GGY) saw a financial drop despite an […]
Business
February 18, 2022
Sands China Unlikely to Pay Dividends Until 2024, Asserts Analyst
In February 2020, Sands China shareholders were given $0.127 per share they held in the form of a dividend. For that, the Las Vegas Sands-led company shelled out $1.03 billion. That was the last time dividends were paid and, according to Sanford C. Bernstein’s lead analyst for Asia, shareholders shouldn’t expect another one anytime soon. […]
Business
February 18, 2022
Hard Rock to Choose From Three Sites for Casino in New York City
Hard Rock International, the global casino, entertainment and gambling company, said yesterday that there are three potential sites it could construct a casino in New York City. The name, owned by the Seminole Tribe of Florida, is already a fixture in the city, as it will open a $400-500-million hotel in Manhattan in April. The […]
Legal
February 17, 2022
Former Casino Execs Embezzled Funds, Stole from Children, Lawsuit Alleges
Almost two years ago, two former casino executives were accused of using a secret credit card to pay for extravagant vacations and to steal money from a Northern California tribe and the casino they were hired to manage. Facing the allegations in court, they balked at the charges. However, they continuously refused to follow the […]
Industry
February 17, 2022
China Promises to Continue Crackdown on Chinese Gamblers
China continues to believe that oppression is the best form of government expression. According to China’s Ministry of Public Security, the authorities in China had achieved success in halting cross-border gambling activities in 2021 and will continue this policy this year. The country will do this by continuing its practice of blacklisting overseas institutions or […]
Industry
February 17, 2022
Texas Police Save Over 100 Chickens Forced into Illegal Cockfighting
It may not be as grave an injustice as forcing slaves to fight to the death in an arena, but cockfighting certainly has a high degree of cruelty associated with it. Over 130 flightless fighting fowls are now free, thanks to the intervention of police and the Society for the Prevention of Cruelty to Animals […]
Business
February 17, 2022
Customer Acquisition, Promo Costs Take Their Toll on DraftKings
Sports betting and iGaming operators are going through a massive acquisition phase in the US. They’re fighting for customers as each state comes online, and the best way to attract attention is through promotions and bonuses. However, they’re like a double-edged sword. While cutting into competitors’ ability to win a customer, promos also cut into […]
Legal
February 17, 2022
Northern Ireland Legislators Advance Major Gambling Reform Bill
In September of last year, a bill was introduced in the Northern Ireland Assembly to reform gambling across the territory. It replaces the original 1985 legislation, and was presented to the Communities Committee for consideration this week in what is aptly called the “consideration stage.” The bill will now advance to the next stage after […]
Legal
February 16, 2022
London Man Gets Jail After Embezzling Charity’s Funds to Gamble
After being found guilty of embezzling more than £200,000 ($271,200) from a charity he was meant to support, a man from London will now be shipped off to prison. According to My London News, Manjinder Virdi, 37, was working as a financial officer for the unnamed charity and siphoned off the funds into his personal […]
Business
February 16, 2022
Genting HK Continues to Seek Ways to Recover from Financial Disaster
Genting Hong Kong’s liquidators are investigating the possibility of potential buyers for many of the company’s assets. Although there was some discussion about re-financing assets in Asia, it seems that assets in Germany, including the huge Global Dream cruise ship, and those of Crystal Cruises, based in the US, may be sold to multiple buyers. […]