Velimir Velichkov

New York

Editor at Gambling News

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Articles

New York Lawmakers Endorse Citi Field Casino Proposal

2 months ago | gamblingnews.com | Velimir Velichkov

There are nearly a dozen gaming and entertainment companies and coalitions planning their bid for one out of three casino licenses in New York. The process of securing one of the coveted licenses is complex and, for some bidders, requires rezoning of land. Such is the case for the proposal backed by the billionaire businessman and New York Mets owner, Steve Cohen, who joined forces with Hard Rock, proposing a massive development that would include a casino near Citi Field.
UK Gambling Commission Overhauls Rules on Promotions

2 months ago | gamblingnews.com | Velimir Velichkov

Close to two years after the release of the White Paper following the review of the Gambling Act 2005, the Gambling Commission, the UK’s gambling regulator, continues to change the market rules with a goal of reducing harm and ensuring the regulations fit the digital age. In one such effort, new rules for gambling promotions will seek to make them simpler and safer.
Economists Predict Higher Sin Taxes Will Affect Ohio Markets

2 months ago | gamblingnews.com | Velimir Velichkov

Recently, Ohio Gov. Mike DeWine proposed an increase in sports betting taxes, marking another tax hike after the state already doubled its betting tax in 2023. The latest push seeks to generate funds for sports facilities across the state, among other initiatives. Estimates suggest that a potential tax hike may generate an extra $130 million in Ohio. The previous time the state increased its betting tax saw them jump from 10% to 20%.
Lawmakers Renew Effort to Scrap Sports Betting Excise Tax

Feb 19, 2025 | gamblingnews.com | Velimir Velichkov

In another push toward the repeal of the federal excise tax on sports betting, the bipartisan co-chairs of the Congressional Gaming Caucus, reintroduced a proposal calling to eliminate the so-called “handle tax.” On Tuesday, Reps. Dina Titus and Guy Reschenthaler, reintroduced the legislation which proposes to eliminate the 0.25% federal excise tax on sports betting. The handle tax was first introduced back in 1951.
Nevada's Rep. Horsford Pushes TIPS Act for Fair Wages

Feb 17, 2025 | gamblingnews.com | Velimir Velichkov

A Democrat from Nevada and a recognizable lawmaker reintroduced legislation seeking to eliminate a subminimum wage and exempt tips from taxes. The proposal, reintroduced by Reps. Steven Horsford (NV-04) and Donald Norcross (NJ-01), is in fact enjoying bipartisan support. The two lawmakers announced the reintroduction of the Tipped Income Protection and Support (TIPS) Act on Thursday. Besides support from Congressman Horsford, the TIPS Act is also backed by Congresswoman Dina Titus, Rep.
Aussie Woman Wins $100M Oz Lotto Jackpot, Says She's Done Working

Feb 5, 2025 | gamblingnews.com | Velimir Velichkov

A New South Wales, Australia resident, was about to fall asleep when she saw she had several missed calls. Her phone rang once again and when she picked it up, she was shocked to realize that she had just won Tuesday night’s Oz Lotto draw for a mind-blowing prize of AU$100 million ($62.8 million). On Tuesday evening, Oz Lotto’s 1616 drawing took place. The draw saw winning numbers 3, 34, 35, 26, 44, 39 and 36, as well as supplementary numbers 5, 45 and 6 drawn.
Las Vegas Gamblers Continue to Win Big in 2025

Jan 10, 2025 | gamblingnews.com | Velimir Velichkov

Lucky gamblers in Las Vegas continue to celebrate 2025 with jackpot wins, some as high as half a million. After players in Sin City opened the year with several five and six-figure prizes, more have joined the fray, securing mouth-watering payouts for themselves. Yesterday, Cannery Casino congratulated a player by the name of Richard on his $10K win.
SL Green Boss to Earn $10M If Caesars NY Casino Bid Succeeds

Jan 8, 2025 | gamblingnews.com | Velimir Velichkov

Nearly a dozen gaming and entertainment operators are hoping to win one of three new downstate New York casino licenses. The process, which has been ongoing for several years, enters a key phase in 2025, considering that the winning bidders are expected to be announced by the end of the year. While bidders hold their breath for the announcement of the New York State Gaming Commission, competition remains fierce as a downstate casino license represents a unique opportunity.
KSA Maintains Positive Momentum with Cruks Gambling Awareness Campaign

Dec 17, 2024 | gamblingnews.com | Velimir Velichkov

The Dutch gambling regulator, Kansspelautoriteit (KSA), announced the launch of a new education campaign that seeks to raise awareness of the dangers of problem gambling and encourage more people to self-exclude from the activity. The announcement about the launch of the new campaign came from the gambling regulator on Monday. The responsible gambling campaign, titled “Pick up your life again, take a gambling stop,” follows the success of a similar pilot campaign organized by the KSA last year.
Florida Gambling Regulator Shuts Down Illegal Gambling Venues

Dec 12, 2024 | gamblingnews.com | Velimir Velichkov

Across the United States, gambling regulators and law enforcement constantly combat the illegal sector. Casinos without a license, illegal bookmakers or other establishments are often shut down by law enforcement while people involved in such unlawful activities face a range of punishments. In one such case from Florida, the state’s gambling regulator, the Florida Gaming Control Commission (FGCC), collaborated with law enforcement to shut down several illegal gambling establishments.