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Author page: Jack Fortune

sbc-awards-latinoamerica-seminole-hard-rock

SBC Awards Latinoamérica Celebrates Industry Innovators and Top Achievers

The SBC Awards Latinoamérica recognized outstanding achievements in gaming and sports betting, with top industry professionals gathering at the Seminole Ballroom in the Seminole Hard Rock Hotel & Casino on October 31. The event, attended by around 400 industry professionals, presented 27 awards across multiple categories, celebrating innovation and success in the Latin American gaming…

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france-gambling

EU Commission Approves FDJ Monopoly with Increased Payment Obligations

The European Commission has officially concluded its investigation into Française des Jeux (FDJ), France's state-backed lottery and sports betting operator, affirming the legality of its monopoly while adjusting the payment FDJ must make for its exclusive rights. The probe, launched in 2020 following complaints about potential unfair state aid, scrutinized whether the terms of FDJ’s…

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Connecticut election betting

Connecticut Warns Residents: Election Betting Remains Illegal

As the U.S. presidential election approaches, the Connecticut Department of Consumer Protection (DCP) has issued a warning to residents against betting on election outcomes, reminding them that political betting is illegal in the state. This announcement comes as platforms like Kalshi and Robinhood promote "future markets" on election results, skirting the line between prediction markets…

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European Commission gambling

EC Extends Italy’s Online Gambling Licensing Standstill Amid Malta’s Compliance Concerns

The European Commission (EC) has extended a temporary hold on Italy’s forthcoming online gambling licensing framework, following objections from Malta’s Gaming Authority. This delay, which now pushes Italy’s licensing decision until November 18, underscores a significant regulatory standoff between EU nations, with Malta questioning Italy’s approach to compliance for gambling businesses. Malta Challenges Italy's Compliance Demands…

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Penn Entertainment

Analyst Cuts Penn Entertainment Estimates Ahead of Q3 Earnings, Eyes ESPN Bet Integration

J.P. Morgan analyst Joseph Greff has trimmed his forecasts for Penn Entertainment’s third-quarter cash flow, attributing the reduction to guidance updates and evolving revenue figures. The cut comes just days before Penn’s earnings release, signaling potential challenges for the gaming and betting giant amid ongoing competition and a softer market forecast. However, ESPN Bet, Penn’s…

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