Velimir Velichkov's latest articles
Velimir Velichkov
Co-editorWilliam Velichkov is a research-driven writer. His strengths lie in ensuring factual accuracy, vetting government documentation and reaching out to regulators and other officials. He is particularly fond of financial reporting, the sports betting industry, B2B partnerships and esports betting developments. William is a strong asset to the GamblingNews team as he adds a bedrock to our reporting.
Business
February 15, 2023
Monarch Casino & Resort Posts Strong Q4 and 2022 Results
The company posted its results for 2022 Tuesday, reporting a 20.9% increase in revenue to $477.9 million. This marked a strong performance throughout 2022, considering that in 2021, the operator’s net revenue halted at $395.4 million. A further breakdown revealed that adjusted EBITDA in 2022 hit $167.1 million. This result, when compared to adjusted EBITDA […]
Slots
February 14, 2023
Yggdrasil Rolls Out Elysian Jackpots Slot Featuring FastPot5 GEM
On Tuesday, the developer unveiled details regarding its latest slot game, delivering the company’s newest Game Engagement Mechanic (GEM) FastPot5. The 5×3 reel slot game features an Ancient Greece theme and delivers thrilling experiences thanks to progressive and local jackpots. Players of Elysian Jackpots have the chance of hitting one out of five jackpots, as […]
Business
February 14, 2023
Betsson Reveals Q4 and 2022 Results Reporting Strong Growth
In its latest trading update, the company revealed that group revenue in 2022 hit €777.2 million ($835.5 million). This result, when compared to the corresponding period in 2021 marked an increase of 18%, while organic growth was 27%, explained Betsson. EBITDA for 2022 was €172.4 million ($185.4 million) marking an increase of 11%, while the […]
Slots
February 13, 2023
Pragmatic Play Launches New Highly Volatile Slot Peak Power
Monday marked the release of Pragmatic Play’s new title which combines engaging gameplay, quality graphics and sound effects. The new 5×3 reel slot offers 10 paylines and is highly volatile. The tech-savvy slot game features different symbols such as electricity, fire, water, nuclear as well as traditional bar symbols. Besides those, Peak Power also has […]
Industry
February 13, 2023
Western Sydney Oversaturated with EGMs, Says New Report
The research by Western Sydney University probed into the gambling operations in Sydney, calling the activities a “silent epidemic” for the Western Sydney region. The study, titled “Paying the Price: Gambling-Related Harm in Western Sydney” uncovered that the impact of gambling-related harm is evident in Western Sydney. It said that although the region contains only […]
Business
February 10, 2023
New York Sportsbooks Set Betting Handle Record in January
The New York State Gambling Commission, the regulator in charge of sports betting in the state, has announced the results outlining the performance of mobile sportsbooks for January. In total, the mobile betting handle in the state hit $1.79 billion, representing a new all-time-high record. It was back in early January last year when New […]
Business
February 9, 2023
Sisal Secures Exclusive Sports Betting License in Morocco
On Wednesday, the company revealed it has secured the license for the La Marocaine des Jeux et des Sports (MDJS) following a competitive tender process. Ultimately, Sisal was selected as the victor of the tender process and signed an eight-year agreement for the MDJS in Morocco. With that in mind, the deal itself can be […]
Industry
February 8, 2023
DGE Takes Proactive Approach against At-Risk Sports Betting
The regulatory body in charge of gambling in the state, the New Jersey Division of Gaming Enforcement (DGE), was planning the implementation of the new proactive method since March last year. Although the DGE unveiled details this week regarding the initiative, it said that its official launch was on January 1, 2023. This initiative, according […]
Sports
February 7, 2023
Genius Sports Introduces Revolutionary Fan Engagement Solution
Details of the new all-in-one fan engagement suite emerged Tuesday. The company explained that the new engine will deliver unique ways for sportsbooks, teams, leagues, brands and other sports industry stakeholders to engage with their fans. Genius’ fan engagement Suite consists of data-driven solutions that provide a wide range of marketing capabilities. What’s more, the […]
Business
February 6, 2023
Aristocrat Boosts Anaxi via Roxor Gaming Acquisition
Initially, the takeover of the B2B RMG supplier was announced back in September 2022. After securing all of the necessary gaming regulatory pre-approvals, Aristocrat revealed Friday it has finalized the takeover. Per the acquisition, Roxor Gaming will boost Anaxi, Aristocrat’s online RMG business operation. As a result of the new takeover, Anaxi will benefit from […]
