Big Problems Ahead for American Sports Betting?

This week’s gambling news finds that the amazing expansion of American sports betting has led to relentless competition between sports betting operators. FanDuel, DraftKings, and others are trying so desperately to grab as much market share as possible, pouring millions into advertising and marketing campaigns. But will the barrage ofContinue Reading

Almost 30,000 Found to Have “Severe Gambling Problems” in Denmark

A recent report by Spillemyndigheden, the Danish Gambling Authority (DGA), shows a substantial increase in people with “severe gambling problems,” marking a rise of almost two-thirds compared to 2016. This report comes despite ever-stricter regulatory policies and an increased number of compliance checks. The Number of Compulsive Gamblers Continues toContinue Reading

EEG Registered 3Q22 Revenue Growth, Liquidity Problems

Esports Entertainment Group (EEG) announced Monday its fiscal 2022 third quarter earnings report, significantly revising down its previously issued full-year revenue guidance. Growth in Revenue, Gross Profit Hoboken-based full stack esports and gambling operator EEG revealed for the three months ended March 31, 2022, net revenue of $15.7 million, representingContinue Reading