Ollie Ring, Author at CasinoBeats https://casinobeats.com/author/ollie/ The pulse of the global gaming industry Wed, 11 Jun 2025 08:49:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://casinobeats.com/wp-content/uploads/2025/01/cropped-favicon-32x32.png Ollie Ring, Author at CasinoBeats https://casinobeats.com/author/ollie/ 32 32 Preaching Virtue, Practicing Vice: When Faith Leaders Gamble with Devotion http://casinobeats.com/2025/06/11/preaching-virtue-practicing-vice-when-faith-leaders-gamble-with-devotion/ Wed, 11 Jun 2025 08:48:57 +0000 https://casinobeats.com/?p=112182 Irish media have reported that Christina Gallagher, founder of the controversial House of Prayer on Achill Island, has been gambling “hand over fist” with followers’ money in a Dublin casino. A four-month investigation by Sunday World alleges that Gallagher is often seen with “wads of notes” and places thousands of euros of bets in a […]

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Irish media have reported that Christina Gallagher, founder of the controversial House of Prayer on Achill Island, has been gambling “hand over fist” with followers’ money in a Dublin casino.

A four-month investigation by Sunday World alleges that Gallagher is often seen with “wads of notes” and places thousands of euros of bets in a night. 

When confronted by a reporter, Gallagher claimed: “I don’t come very often, once or twice.” Patrons questioned as part of the paper’s investigation suggest she has been coming for years, and gambling large amounts regularly.

Gallagher founded the House of Prayer on Achill Island in County Mayo in 1993, and has accepted millions of euros in contributions, claiming she regularly receives messages from the Virgin Mary and Jesus. 

The House of Prayer had its tax exemption revoked as part of the Irish Revenue Commission’s crackdown on organizations purporting to pursue charitable aims in 2005. In 2008, it emerged that Gallagher lived in a €4 million house in Malahide, County Dublin, despite having no visible income.

Gallagher’s House of Prayer claims to have achieved “miracle cures”, such as having a baby pronounced dead in the uterus come back to life, and another claiming she was cured of pancreatic cancer. 

The Sunday World also reports that several elderly people who followed the House of Prayer would not take the Covid-19 vaccine because of messages Gallagher purported to have received from Jesus.

Positions of Power Fund Gambling Habits

Although the House of Prayer has no official status within the Catholic church, there have been several other examples of using religious donations to fund gambling habits.

Last month in Thailand, Phra Thamma Wachiranuwat (lay name: Yaem Intrangkrungkao), a long-serving head monk of Wat Rai Khing was publicly disrobed over gambling and embezzlement allegations.

The former abbot admitted to embezzling 300 million baht (approximately $9 million) in temple funds, which was believed to have been used to place bets on online gambling sites. 

Hypocrisy in Preaching a Common Theme

A common trend with the use of funds contributed to organizations either directly or indirectly affiliated with religion is hypocrisy in preaching.

A Maryland pastor was charged earlier this year with stealing approximately $135,000 from his church, with funds allegedly being used on sports betting, as well as food deliveries.

The Christian Post reported that the accused pastor, Gregory Champ, preached about a passage of the bible and condemned preachers who are proclaiming the Gospel “for monetary gain, for some kind of gain for ourselves.” 

He said in his sermon: “They’ll come, and they’ll preach to you, and even though some of what they say is truth, they’re doing it out of the wrong heart.” 

He continued: “They’re not doing it sincerely because they care about your soul. They’re doing it because the more people they get on their side, the more money they make.” 

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High 5 Games Settles in Connecticut Over Unlicensed Casino Operations http://casinobeats.com/2025/05/30/high-5-games-settles-in-connecticut-over-unlicensed-casino-operations/ Fri, 30 May 2025 11:33:01 +0000 https://casinobeats.com/?p=111140 High 5 Games has settled with the Connecticut Department of Consumer Protection Gaming Division (DCP), following an investigation into the operation of an unlicensed online casino, High5Casino.  The CDP summarily suspended High 5 Games’ service provider license in the state on March 14, 2025. After the cessation of its casino product, High5Casino, Connecticut regulators have […]

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High 5 Games has settled with the Connecticut Department of Consumer Protection Gaming Division (DCP), following an investigation into the operation of an unlicensed online casino, High5Casino. 

The CDP summarily suspended High 5 Games’ service provider license in the state on March 14, 2025. After the cessation of its casino product, High5Casino, Connecticut regulators have reinstated High 5’s Online Gaming Service Provider license. 

Connecticut Consumers to Receive Restitution From High 5 Games

Effective May 2022, the company can continue to provide its slot games to licensed iGaming providers in the state of Connecticut. 

The settlement, valued at approximately $1.5 million, includes $643,000 in restitution to customers who lost money on High 5 Casino, as well as nearly $800,000, which will be allocated to consumer complaint resolution programs, education, protection, enforcement, and litigation. 

DCP Commissioner Bryan T. Cafferelli celebrated the settlement, stating in a release: “We are pleased the Connecticut consumers who were lured into placing wagers on an unlicensed platform will be made whole, and that this company has ceased operations of its unlicensed casino in Connecticut.” 

The full settlement also outlines further remedial measures to be taken by High 5 Games. High 5 has agreed to “maintain its current level of geofencing, which is designed to block users physically located in Connecticut and users employing VPNs or proxies to mask their physical location from accessing the High 5 Casino platform.” 

The company has also agreed not to offer or reintroduce any gaming application offering sweepstakes games for users in Connecticut unless it obtains a consumer-facing iGaming license. 

Furthermore, High 5 Games has agreed not to license or supply its games to other sweepstakes casino operators in the state of Connecticut, unless the CDP acknowledges that the operation of such games does not violate law. 

DCP Gaming Division Director Kris Gilman commented: “We are satisfied with the outcome of this investigation, which has resulted in the return of funds to consumers who were harmed by the unfair marketing of an unlicensed sweepstakes casino.” 

He continued: “If you’re going to gamble, Connecticut is the best state to place a wager. We work hard to ensure fairness in our licensed market, and when violations do occur, we make every effort to make sure customers are made whole.” 

Montana Becomes the First to Outlaw Sweepstakes

Online sweepstakes casino continues to be in the firing line across the United States. Montana became the first state to sign into law an outright ban on sweepstakes casinos, effective October 1, 2025. 

Under Montana’s legislation, each violation is punishable by a fine of up to $50,000 and/or ten years behind bars. 

The ban attracted criticism from the Social and Promotional Games Association, which claimed: “Montana just criminalized everyday digital promotions with a law so broadly written it fails to name what it bans.” 

A Washington jury ordered High 5 Games to pay $24.9 million in damages in February after finding that the social casino business model violated Washington gambling regulations.

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Japanese Man Arrested in Potential ¥28 Billion Online Gambling Case http://casinobeats.com/2025/05/30/japanese-man-arrested-in-potential-28-billion-online-gambling-case/ Fri, 30 May 2025 09:25:30 +0000 https://casinobeats.com/?p=111110 Japanese police have arrested a 38-year-old man for allegedly gambling as much as 28 billion yen ($194.4 million) through online casinos.  According to reports from The Asahi Shimbun, Makoto Chombayashi has been accused of wagering 90 million yen ($625,500), predominantly on baccarat with crypto-first online casino Stake between August 2022 and April 2025.  Investigators suggest […]

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Japanese police have arrested a 38-year-old man for allegedly gambling as much as 28 billion yen ($194.4 million) through online casinos. 

According to reports from The Asahi Shimbun, Makoto Chombayashi has been accused of wagering 90 million yen ($625,500), predominantly on baccarat with crypto-first online casino Stake between August 2022 and April 2025. 

Investigators suggest that Chombayashi may have lost 40 million yen ($277,720) in the period under investigation. 

The suspect admitted to the allegations, saying: “News reports said there were hundreds of thousands of players in Japan, so I thought I was only the tip of the iceberg.” 

Tokyo Authorities Confront Growing Illegal Japanese Online Gambling 

A recent report from the country’s Council for Sports Ecosystem Promotion suggests that Japanese residents spend $44.2 billion on overseas-based illegal betting sites each year. 

In addition, Tokyo announced plans in March to adapt its plans in an attempt to curb growing gambling addiction in the country. 

Local news outlets suggested that the Japan National Police Agency estimates that 3.7 million Japanese people have visited illicit online casinos, placing wagers of over 1.2 trillion yen ($8.2 million).

The data corroborates Chombayashi’s belief, although local reports outline that this could be the most significant amount attributed to an individual in the country. 

The National Police Agency reported that it had made 279 arrests for online casino-related gambling in 2024, up 160% from 2023’s number. 

The numbers outlined by the Police Agency emerged from a nationwide survey of 27,145 people, and 40% of survey respondents “did not realize gambling was illegal.” 

Suspect Also Acted as Affiliate

Investigators believe Chombayashi also acted as an affiliate for Stake.. He posted numerous images of gambling wins on the social media platform X, under the alias “Meikyo Shisui,” which means “clear and serene mind” in Chinese philosophy. 

Investigators believe that the suspect may have referred over 100 players to the online casino, earning 7 million yen ($48,602) in commission. 

Chombayashi has claimed he was motivated by a desire for ‘recognition’ and that praise for his jackpot wins ‘boosted his self-worth.’ 

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Chandigarh Police Bust IPL Betting Racket, Four Arrested http://casinobeats.com/2025/05/29/chandigarh-police-bust-ipl-betting-racket-four-arrested/ Thu, 29 May 2025 09:08:06 +0000 https://casinobeats.com/?p=110849 Police in Chandigarh, India, have busted an IPL betting racket operating from a rented residence. Four people were arrested, and a large amount of electronic and betting-related equipment was seized after a syndicate handling several lakhs of rupees daily was raided.  Investigation Details Emerge in IPL Betting Racket Case According to local news reports, the […]

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Police in Chandigarh, India, have busted an IPL betting racket operating from a rented residence.

Four people were arrested, and a large amount of electronic and betting-related equipment was seized after a syndicate handling several lakhs of rupees daily was raided. 

Investigation Details Emerge in IPL Betting Racket Case

According to local news reports, the raid was launched after Chandigarh police received a tip-off on May 26 regarding four individuals running an illicit betting operation during a live Indian Premier League cricket match between the Mumbai Indians and the Punjab Kings XI. 

The raid, conducted at House No. 1229 in Sector 33, resulted in the arrest of four men, known as “Jolly, Deepu Pepsi, Santosh, and Bhuvan.” The police confiscated 43 mobile phones, six laptops, two tablets, one LED screen, and two routers. Authorities also found a portable ‘gamble box’ and numerous other items consistent with a betting operation. 

Reports outline that all four men were arrested under Sections 3 and 4 of the Punjab Gambling Act. Details released by police suggest that the operation was “meticulously planned and executed from a rented property.” 

The culprits broadcast IPL matches, offered real-time betting options, and had a well-established betting network through local bookmakers. 

The four men took payments exclusively offline, with cash transactions facilitated through intermediaries. According to the investigation, certain members of the syndicate were operating from Dubai, posing the risk of a wider, international operation. 

Authorities have stated that the investigation is ongoing, with financial records being examined and other members of the betting network being sought. 

Government and Industry at War Over Games of Skill

Gambling regulation in India varies from state to state. Recently, the Supreme Court of India has been involved in a debate between online gaming companies and the Indian government over whether games such as chess, rummy, and bridge are considered games of chance or games of skill. 

The government’s stance is that if betting is involved, the games become games of chance. This is important from a regulatory standpoint, not for prohibition, but because any games of chance are subject to the Goods and Services Tax (GST) in India.

Representing industry interests, A.M. Singhvi stated: “Is the government saying that in chess, the moment I put money on it, the game metamorphosizes from a game of skill into a game of chance?” 

He continued: “The character of a game cannot be so changed.” 

The GST tax rate is 28%, so it would be a significant blow to online companies should the entire contest fee attract such taxation. 

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Gambling.com Group Bucks Affiliate Reporting Trend With Q1 Growth http://casinobeats.com/2025/05/16/gambling-com-group-bucks-affiliate-reporting-trend-with-q1-growth/ Fri, 16 May 2025 16:38:16 +0000 https://casinobeats.com/?p=109787 Gambling.com Group reported first-quarter (Q1) revenue of $40.6 million, up 39% from $29.2 million in the same period last year.  The company’s first results of 2025 show significant top-line growth, improved profitability, and a continued investment drive in its core North American market.  Gambling.com EPS Rises 60% In First Quarter Key statistics from the company’s […]

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Gambling.com Group reported first-quarter (Q1) revenue of $40.6 million, up 39% from $29.2 million in the same period last year. 

The company’s first results of 2025 show significant top-line growth, improved profitability, and a continued investment drive in its core North American market. 

Gambling.com EPS Rises 60% In First Quarter

Key statistics from the company’s first quarter are as follows for the three months ended 31 March 2025:

  • Revenue of $40.6 million, up 39% from $29.2 million in Q1 2024
  • Net income of $11.2 million, up 54% year-over-year
  • Operating profit of $10.0 million, up from $7.9 million in the prior year period
  • Basic earnings per share (EPS) of $0.32, up 60% from $0.20 in Q1 2024
  • Cash generated from operations totaled $11.4 million

The affiliate emphasized that the acquisition of Odds Holdings Inc. was pivotal to Q1’s performance. “The principal reason for this acquisition was to accelerate U.S. expansion,” Gambling.com stated. The deal generated $8.6 million, or approximately 22% of group revenue in the quarter. 

Catena Media, which also heavily focuses on the North American market, posted poor financials last week and outlined plans for 50 more job cuts as it aims to optimize costs. 

Another affiliate, Gentoo Media, also posted results below expectations and is undergoing strategic restructuring and making redundancies.

Gambling.com Product Diversification Paying Dividends in Q1

This is not reflected at Gambling.com, where Q1 sales and marketing spending is up 58%, technology expenses are up 62%, and general and administrative expenses are up 22%. 

While this shows higher operating costs, it aligns with the group’s strategy to aggressively pursue market share globally through both organic and merger and acquisition-led growth. 

The Gambling.com group diversified its product portfolio, with subscription revenue growing 405.2% year-over-year to $9.9 million and making up 24.4% of total first-quarter revenue. 

Revenue from CPA, Rev Share, and Hybrid models was still the predominant revenue driver, comprising 63.3% of Q1’s topline. Advertising on site and other revenue generated 12.3% of total revenue, generating $5.0 million for the three months to March 2025. 

From a debt perspective, the group’s borrowing rose significantly to $88.5 million in Q125, up from $22.9 million in the previous quarter. The increase is owing to the drawdown of a $165 million syndicated credit facility, led by Wells Fargo. The facility includes a $90 million revolving credit line, of which $70.5 million (78%) remained undrawn. 

The filing outlines that “the proceeds from the Wells Fargo Credit Facility are being used for working capital, to settle deferred consideration, for permitted acquisitions, and for general corporate purposes.” 

Competitors Weakened by Google Policy and Search Slump

Source: Yahoo Finance

Investor confidence in GAMB is significantly stronger than that of three public competitors. Catena, Raketech, and Gentoo have all had topline revenue hit by Google policy change and underperforming search-related revenues. 

Gambling.com has shown, particularly through recent revenue diversification and continued investment, that growth is still possible in a tricky affiliate market. 

The group still saw a decrease in share price following its earnings announcement, but the trend over six months is 3.23% growth, compared to -60.97% for Catena, -43.45% for Raketech and -40% for Gentoo Media.

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Gentoo Media Revenue Drops 11%, Share Price Plunges http://casinobeats.com/2025/05/15/gentoo-media-revenue-drops-11-share-price-plunges/ Thu, 15 May 2025 08:30:38 +0000 https://casinobeats.com/?p=109476 Gentoo Media’s share price has plummeted after the company announced €24.8 million in Q1 2025 revenue, down 11% from €28.0 million in the same quarter last year.  The affiliate also announced a reduction in EBITDA margin from 48% to 33%. The company reported a 127.8% reduction in profit, moving from €9.7 million in Q124 profit […]

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Gentoo Media’s share price has plummeted after the company announced €24.8 million in Q1 2025 revenue, down 11% from €28.0 million in the same quarter last year. 

The affiliate also announced a reduction in EBITDA margin from 48% to 33%. The company reported a 127.8% reduction in profit, moving from €9.7 million in Q124 profit to €2.7 million in Q125 loss. 

Gentoo Share Price Hit Despite Management Reassurance

Gentoo’s leadership has asserted that the company is “well-placed to resume growth in the second half of the year” and expects to see full-year revenues “broadly in line with 2024” and an annual EBITDA margin between 40% and 45%. 

Source: Yahoo Finance

However, Gentoo shareholders do not share management’s optimism. The share price fell to its lowest value year-to-date, falling by over 16.8% in reaction to the company’s results.

Last week, CasinoBeats reported that the Malta-headquartered business was in the process of laying off approximately 100 employees. This followed leadership’s implementation of a “broader strategic reorganisation,” which also saw the departure of the Chief Sales Officer and Chief Technology Officer. 

Sources close to the company suggested the underperformance of two flagship Gentoo properties was a significant factor in the company’s proposed restructuring.

The quarterly report outlines that “recovery efforts continued for Casinotopsonline.com and Time2play.com.” CasinoTopsOnline saw a €1.9 million revenue decline year over year. 

As previously outlined, Time2Play has seen a 94.25% decrease in traffic from its peak, with CasinoTopsOnline attracting under 5,000 monthly visitors. Traffic markedly declined after Google’s Fall 2023 Core Review updates, which penalized sites using SEO strategies such as content-scraping, cloaking, and auto-generated content. 

Despite previous Google updates heavily impacting the company’s portfolio, the first quarter report suggests that the March core update has had a “net positive impact across Gentoo Media’s publishing portfolio.” 

The report also reveals Gentoo has initiated a targeted consolidation of its portfolio, which now focuses on 70 high-potential websites in “key long-term growth markets.” 

During the earnings call, the CEO revealed that regulatory shifts in Brazil saw some websites lose 90% of players, and the disruption was heavier than anticipated. 

EBITDA Down 40% at Catena Media

Cost-optimization measures are a trend across multiple affiliates, with Catena Media also reporting poor first-quarter results. The company is initiating 50 additional redundancies in response to the 40% reduction in EBITDA for the first quarter. 

Source: Yahoo Finance

The Catena Media share price has hit a historic low, settling at just over 13% down at the time of writing. 

Speaking on the company’s earnings call, CEO Manuel Stan stopped short of promising no further cuts. “While we cannot commit that this will be the last cuts we make, I think we genuinely believe that this puts us in a very good place to deliver significantly improved profitability in the following quarters,” stated Stan.

This was after Stan assured investors on the November 2024 earnings call that the company did “not foresee any further staff cuts in the near future.” 

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Catena Media Slashes Workforce Again Following 40% EBITDA Drop http://casinobeats.com/2025/05/13/catena-media-slashes-workforce-again-following-40-ebitda-drop/ Tue, 13 May 2025 10:36:18 +0000 https://casinobeats.com/?p=109155 Catena Media has announced cost optimization measures that will make over 50 people within the company redundant, affecting a mix of full-time employees and contractors.  Sources close to the company have informed CasinoBeats that several VP roles and administrative functions have been eliminated.  Catena’s preliminary earnings announcement suggests the lay-offs are in response to the […]

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Catena Media has announced cost optimization measures that will make over 50 people within the company redundant, affecting a mix of full-time employees and contractors. 

Sources close to the company have informed CasinoBeats that several VP roles and administrative functions have been eliminated. 

Catena’s preliminary earnings announcement suggests the lay-offs are in response to the Q125 EBITDA margin of 9%, down from 15% in Q424.

The Malta-based affiliate has reported a 40% drop in EBITDA quarter-on-quarter, from €1.5m in Q424 to €0.9m in Q125. In the same period, the group recorded a 3.9% decrease in group revenue from €10.2m in Q424 to €9.8m in Q125.

Source: StockAnalysis

The company has suggested that the latest round of job cuts should “deliver annualised cost reductions of close to €4.5-5.0 million.” According to public information, the company had already reduced its headcount by over 60% before the latest round of redundancies. 

Catena Cuts Workforce Despite Prior Restructure 

During the November 2024 earnings call, CEO Manuel Stan assured investors that the company would not make any further short-term redundancies. “We are confident now that we have the right structure in place.” 

“We have put a lot of work into this over the last couple of quarters, and now we feel that we’re in a good place. We do not foresee any further staff cuts in the near future,” he continued.

Stan also remained confident that the company could achieve “double-digit growth” for 2025. 

Sweepstakes: “Future Term Bulletproof” Strategy

Catena’s primary revenue stream comes from North America, where revenue dropped by 1.1%, from €8.9m in Q424 to €8.8m in Q125. 

Leadership has outlined that sweepstakes are the company’s number one priority. On the Catena February 2025 earnings call, Stan dubbed sweeps a “future term bulletproof” strategy. 

When addressing analysts concerns around regulatory pressures, Stan added: “Regarding the regulatory pressure, I think we continue to see some pressure from some of the states. So far, we haven’t seen any of the bigger states, if you will, doing anything or taking any actions. So I think that, for the time being, we’re still in a very good position.” 

“Overall, we haven’t seen anything significant to put us in a position that we need to be concerned about the immediate future of sweepstakes,” he concluded.

In February, the company also publicly announced that it had begun establishing a US hub in Miami, Florida. 

This is in spite of the fact that the Sunshine State considered two bills seeking to prohibit sweepstakes. The bills ultimately failed, given that they also sought to strengthen the Seminole’s monopoly over legalized gambling in the state. 

Regulatory Uncertainty Clouds Catena US Plans

Despite Stan’s assertions, bills prohibiting sweepstakes have been prevalent across US legislature this session. Proposed legislation to outright ban sweeps has failed in Arkansas, Florida, Maryland, and Mississippi thus far. 

Active legislation remains in Connecticut, Louisiana, New Jersey, New York, and Montana. Montana’s bill is pending Gov. Gianforte’s signature and is the closest to becoming law. 

Connecticut and New York have bills heading to the Senate, while New Jersey’s Assembly Bill A5447 passed unanimously through the Assembly Tourism, Gaming, and Arts Committee yesterday. 

Several operators, including Hello Millions, SportsMillions, PlayFame, SpinBlitz, Rolling Riches, and High 5 Casino, have left the state of New York after lawmakers introduced multiple bills targeting sweepstake operators. 

Although California has not introduced legislation, Stake is currently being sued in California. Plaintiff Dennis Boyle alleges that Stake.us constitutes an “illegal gambling website” that is in breach of the California civil code, given that it provides unlawful gambling and engages in “unfair business practices.” 

Bonus.com and PlayUSA Struggle to Maintain Market Share

Catena’s flagship brands, such as Bonus.com and PlayUSA, have also struggled. The company has struggled to arrest site decline and achieve leadership’s previously touted organic growth. 

Bonus.com has seen a traffic decline of 67%, from over 450,000 monthly users at its peak to approximately 150,000.

Source: Ahrefs

PlayUSA has seen a reduction in traffic from over 500,000 at its peak to below 100,000. 

Source: Ahrefs

Media Strategies Fail to Offset Traffic and Revenue Drops

Catena has previously signed media partnerships with companies such as Daily Racing Form, despite Google’s site reputation abuse (SRA) penalty being handed out to major outlets such as Forbes and CNN. 

Another notable partnership was signed with Lee Enterprises, encompassing subfolders such as tucson.com/sports/betting and buffalonews.com/sports/casinos. 

The Google SRA penalties made such partnerships high-risk, and the company’s financial results imply that the deals have not paid dividends, with Buffalo News failing to gain any traction. 

Source: Ahrefs

Sources close to the company have attributed its continued decline to a shrinking affiliate revenue model, a lack of product diversification, and issues stemming from Google policy adjustments. 

Strategic Financial Rebalancing Underway

Catena has also announced that it will suspend interest payments on its hybrid capital security until further notice as it attempts to “materially ease the company’s financial burden.” 

“Further financial structure optimisation is needed to create headroom for the tech-facing investments the group must make to drive the business forward,” it added. 

The company has not responded to a request for comment.

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Sources: Gentoo Media Laying Off 100 Employees http://casinobeats.com/2025/05/07/sources-gentoo-media-laying-off-100-employees/ Wed, 07 May 2025 07:01:32 +0000 https://casinobeats.com/?p=108352 Gentoo Media Inc. (formerly Gaming Innovation Group) is in the process of laying off approximately 100 employees, CasinoBeats understands. At the time of publication, the company has not responded to a request for comment. The move comes shortly after the Malta-headquartered gambling affiliate announced the departure of its Chief Sales Officer and Chief Technology Officer […]

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Gentoo Media Inc. (formerly Gaming Innovation Group) is in the process of laying off approximately 100 employees, CasinoBeats understands. At the time of publication, the company has not responded to a request for comment.

The move comes shortly after the Malta-headquartered gambling affiliate announced the departure of its Chief Sales Officer and Chief Technology Officer in late April as part of a “broader strategic reorganisation.” 

Gentoo Executive Departures Precede Wider Cuts to Employees

The company stated that the C-Suite reshuffle was “intended to position the company for its next phase of growth, reflecting its commitment to long-term growth objectives and evolving operational needs.” 

Sources close to Gentoo have told CasinoBeats that the contract relating to the acquisition of KaFe Rocks (KFR) expired at the beginning of May, influencing the retention of KFR employees. 

However, it’s understood that the layoffs are not limited to people working on the KFR product. 

CasinoBeats has been informed that the poor performance of two key Gentoo properties, Time2Play and CasinoTopsOnline, is a significant factor in the company’s restructuring. 

Time2Play was the biggest site from the KFR acquisition, completed on 21 December 2023. At the time of acquisition, it attracted approximately 200,000 monthly visitors, which later peaked at 400,000. 

Recent statistics show the site has approximately 23,000 monthly visitors, representing a 94.25% decrease in traffic from its peak. The site experienced a sharp decline after Google’s August 2024 Core Update and has failed to recover.

Source: Ahrefs

CasinoTopsOnline was Gentoo Media’s flagship brand and had 175,000 peak monthly visitors. The site now attracts under 5,000 a month and has seen a marked decline since Google’s Fall 2023 Core and Review updates, which largely penalized sites using tactics such as content scraping, auto-generated content, and cloaking to perform well in search. 

Stock Declines Undermine Reported Revenue Gains

The company published its annual report and reaffirmed its 2024 full-year financials last month. Its revenue increased 39% year over year to EUR123 million, and EBITDA grew 44% to EUR57 million. 2025 will mark the first full year of trading after the split from Gaming Innovation Group

Investors have not reflected leadership’s confidence. Gentoo’s share price peaked at $32.80 in the last twelve months and has experienced a 44.94% decrease in value to a low of $18.06. The price has rebounded by 4.98% to the most recent close of $18.96. 

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Arizona Issues Cease-and-Desist Orders Against Six Unlicensed Gambling Companies http://casinobeats.com/2025/04/18/arizona-issues-cease-and-desist-orders-against-six-unlicensed-gambling-companies/ Fri, 18 Apr 2025 16:45:47 +0000 https://casinobeats.com/?p=106602 The Arizona Department of Gaming (ADG) has issued multiple cease-and-desist orders against unlicensed and unregulated gambling operators.  A total of six companies were hit by the regulator. The operators have allegedly been providing access to illegal online gaming services in the state of Arizona. The games offered included slot-style casino games, sweepstakes, sports wagering, horse […]

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The Arizona Department of Gaming (ADG) has issued multiple cease-and-desist orders against unlicensed and unregulated gambling operators. 

A total of six companies were hit by the regulator. The operators have allegedly been providing access to illegal online gaming services in the state of Arizona. The games offered included slot-style casino games, sweepstakes, sports wagering, horse race betting and peer-to-peer wagering. 

The regulator outlines that these operators are not licensed by the state and do not meet “strict regulatory requirements.” As a result, these states pose “significant consumer protection and financial risks to Arizonans.” 

In February 2025, the regulator provided a warning to residents about online scams. It suggested illegal online casinos and sweepstakes platforms that present themselves as legitimate pose an inherent danger to users.

The regulator suggests that illegal online casinos and sweepstakes platforms that present themselves as legitimate gaming platforms pose an inherent danger to users.

“Illegal gaming—no matter the platform or format—has no place in Arizona. Whether it’s sweepstakes, online casino-style games, or unauthorized sports betting, if an operation exists outside of the state’s legal and regulatory framework, we are prepared to take enforcement action,” stated Jackie Johnson, Director of the ADG. 

Operators Named in Arizona’s Latest Crackdown

Cease-and-desist letters were sent to the following companies: 

  • ARB Gaming, LLC (doing business as Modo.us)
    • MODO.us / BITMODO LLC
    • Modo
  • BetUS.com.pa
  • Epic Hunts
  • Generiz
  • MyBookie
  • ProphetX

Under Arizona’s law, the active operations of these companies are alleged to be “felony criminal enterprises.” The regulator has outlined that due to the unregulated offerings on each site, operators are claimed to be in violation of gaming laws as follows:

  • Promotion of Gambling (Felony)
  • Illegal Control of an Enterprise (Felony)
  • Money Laundering (Felony)

Consumer Protection and Commitment to Safer Gambling in Arizona

Each entity implicated has been ordered to immediately cease all operations in the state and take necessary steps to prevent and exclude Arizonans from gambling on their websites. 

Johnson concluded: “Illegal gambling is not just unlawful—it’s stealing from our economy and undermining the safeguards that protect consumers. The Department fully supports the licensed and regulated operators who are doing things the right way—operating within the bounds of the law, contributing to Arizona’s economy, and providing the protections that only a regulated market can ensure.” 

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Dutch Regulator Fines Licensed Operator €734K for Failing to Protect Young Gamblers http://casinobeats.com/2025/04/17/dutch-regulator-fines-licensed-operator-e734k-for-failing-to-protect-young-gamblers/ Thu, 17 Apr 2025 13:40:53 +0000 https://casinobeats.com/?p=106546 The Dutch Gambling Authority (Kansspelautoriteit, KSA) has fined a licensed operator €734,000 ($833,248) for failing to protect young adults from excessive gambling and gambling-related harms.  A preliminary injunction filed by the operator in breach means that the regulator is currently obliged to keep the operator’s name confidential. If disclosure is permitted later in the legal […]

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The Dutch Gambling Authority (Kansspelautoriteit, KSA) has fined a licensed operator €734,000 ($833,248) for failing to protect young adults from excessive gambling and gambling-related harms. 

A preliminary injunction filed by the operator in breach means that the regulator is currently obliged to keep the operator’s name confidential. If disclosure is permitted later in the legal process, the KSA will release the operator’s name. 

Responsible Gambling Breaches at Mystery Dutch Operator

Under Dutch gambling law, licensed operators are required to uphold a duty of care, which includes protecting players from “excessive gambling behavior and addiction.” 

Reports of significant financial losses among young adult players were investigated by the KSA, and the regulatory authority found that the operator failed to uphold its duty of care. 

The KSA reviewed ten player accounts with the largest recorded losses. The players were between the ages of 18 and 23 and had lost tens of thousands of Euros, often within a short period of time. As a result, the operator is deemed to have violated Dutch law. 

Michel Groothuizen, Chairman of the KSA, stated: “We have a regulated gambling market with the idea that those who wish to gamble can do so safely. That’s why operators have a duty of care and must respond appropriately to signs of excessive play.”

He continued: “Large losses are a clear warning sign. We have intensified our oversight of online duty-of-care obligations, and violations like the ones found here are dealt with firmly. We do not want to see operators failing their duty, especially when it comes to vulnerable young players.”

Offshore Efforts Continue to Ramp Up

Last week, the Dutch regulator fined Techno Offshore €1.2 million ($1.4 million) for illegally offering gambling in the Netherlands.

The operator is deemed to have offered illegal services through its brands Nolimitbet and Simplecasino. 

The regulator issued Techno Offshore a cease-and-desist order last year and threatened fines if it failed to comply. The latest report suggests that the firm has not adhered to its requests and still permits Dutch customers onto its platform. 

Through its portfolio of sites, Techno Offshore offers cryptocurrency deposits and was found to have a nascent age verification process and no responsible gambling or consumer protection measures in place. 

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