2301 stories by Erik Gibbs
UK Cyberterrorist Teen Convicted After Gambling Stolen Funds
One of the primary actors behind a massive ransomware scheme in the UK will likely go to prison despite being a teenager, according to the BBC. In a groundbreaking verdict, a panel of London jurors determined that Arion Kurtaj, who's barely 18...
Online Gambling App Bug Exploited by Spanish Man, Steals Almost $500K
A certain iGaming operator might need to look closely at its development team and its financial audit policies. One of its users in Spain exploited a bug in the operator's app that allowed him to walk away with almost half a million...
Former Hisense Manager Who Gambled $2M in Company Funds Goes to Jail
A former executive working for appliance manufacturer Hisense in its Australian office was a little too creative with company accounts. Aphrodite (also spelled as Afrodite) Myron used her position to embezzle funds to cover an online gambling habit and will now head...
Casino and Gaming Operators in Spain Received a $6M Bonus in 2021
A new report shows that gaming properties in the autonomous community of Galicia received millions of dollars in COVID-19 relief. Galicia's government, under President Alberto Núñez Feijóo's control, decided at the end of 2020 that it would lower taxes on some gambling...
Casino Operator SkyCity Reports 45% Year-On-Year Revenue Jump
New Zealand-based gaming operator SkyCity Entertainment is lifting COVID-19 travel restrictions. This has helped the company report a substantial revenue increase this year, but they could still face financial issues over pending fines in Australia. SkyCity reported a 44.9% year-on-year increase in...
Comedian, Financial Advisor in Australia May Have Taken Clients’ Money to Gamble
A financial adviser and comedian in Australia is facing serious problems with the Australian Securities and Investments Commission (ASIC). The financial watchdog has seized David Valvo's bank accounts and taken away his passport. That's as it investigates whether he incorrectly charged hundreds...
Brazil Debate Over Casino Expansion Gets Underway Again
Brazil is currently exploring the viability of a regulated sports betting market in the country, finally having made progress after years of delays. The work on sports betting stalled a debate over expanded land-based gambling. But the topic is now back on...
Entain Takeover of Polish Gaming Operator STS Group Approved by Shareholders
In a decisive move that could reshape the landscape of global sports betting and gaming giant Entain's future, shareholders of STS Holding have overwhelmingly approved the acquisition of the company. The purchase was expected, as the family that controls the majority of...
Imperial Pacific Int’l Saipan Casino Facing Further Cannibalization
Even though Imperial Pacific International (IPI) has paid down some of its massive debt in the Commonwealth of Northern Mariana Islands (CNMI), there's still more outstanding. Because it hasn't settled a lawsuit it lost against a former manager, it's now in danger...
Female Bettors on the Rise as Spain Beats England in the Women’s World Cup
Global gaming operator Entain reported a surge in betting activity worldwide for the 2023 Women's World Cup that just wrapped up in Australia and New Zealand. As England and Spain prepared for the final battle, there was a substantial rise in the...
