Wynn Resorts experiences increase in share ownership from Tilman Fertitta, American Gaming Association examines future betting on sports events
Week in Review: Gambling Sector Highlights
Kickback with the latest scoop from the gambling scene, as we round up the week's hottest news. Let's dive in!
Business Expansions
Leading online casino game provider Yggdrasil made a splash in the UK by teaming up with Rank Group. This collaboration expanded Mecca Bingo and Grosvenor Casinos' content offerings with fan-favorite games from Yggdrasil.
In the tech world, Mindway AI sealed a deal with SportsBroker in the UK. The partnership added AI-powered responsible gambling solutions to SportsBroker's lineup, strengthening player protection and reaffirming Mindway AI's leadership in the field.
Big Wins
Speaking of luck, a lucky Illinois resident pocketed a life-altering $3,188,104 from the Ultimate Diamond Jackpot fast-play game. Another player in Maryland struck it rich with a $3.3m jackpot from the Multi-Match game.
Stake-ups and Take-overs
Billionaire Tilman Fertitta solidified his presence in the brick-and-mortar casino vertical by increasing his Wynn Resorts stake from 9.9% to nearly 12.6%. Now, with a 10.9% share, he's the company's largest stakeholder.
Brace yourself for more action in May when Fertitta can acquire an additional 1.68m shares, pending SEC approval.
Looking across the pond, Irish gambling operator BoyleSports joined forces with legendary former jockey Bryan Cooper. As horse racing ambassador, Cooper will deliver insights for racing fans and bettors ahead of the Cheltenham Festival.
Behind the Scenes
In the realm of regulation, the American Gaming Association is stepping up its game against sports event trading. A meeting with the Commodity Futures Trading Commission could lead to significant changes in rules for sports event futures trading.
Meanwhile, incentives like VIP betting and gaming programs may face scrutiny as concerns about their impact on gambling habits arise.
But fear not, responsible gambling is still on the agenda. BetBlocker launched an Italian version of its tool, giving gamblers in Italy an opportunity to control their gambling activities.
Stay tuned for more analysis, exclusive interviews, and the latest happenings in the gambling industry. This is just the beginning—it's always an action-packed ride!
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- The collaboration between Yggdrasil and Rank Group expanded not only Mecca Bingo and Grosvenor Casinos' content offerings, but also delved into the realm of casino-and-gambling, introducing fan-favorite online casino games.
- In a move aimed at ensuring responsible gambling, Mindway AI partnered with SportsBroker in the UK, integrating AI-powered solutions into their services to strengthen player protection and reinforce Mindway AI's leadership in this area.
- Away from the digital scene, legendary former jockey Bryan Cooper joined forces with Irish gambling operator BoyleSports, offering insights for racing fans and bettors, particularly ahead of the Cheltenham Festival, as well as delving into the world of sports betting.
