has recently welcomed Kim Harris Jones (pictured above), to its board of directors. This appointment marks a significant milestone in the company’s leadership, as Harris Jones brings a wealth of experience from various sectors outside the gambling industry.

Harris Jones’s professional journey is marked by her tenure at several prominent US corporations. She spent 16 years at Kraft, where she ascended to the position of SVP and corporate controller of its Mondelez International subsidiary following a spin-off. Prior to Kraft, Harris Jones held numerous leadership roles at Chrysler for 17 years, culminating in her role as SVP and corporate controller. Her career also includes a six-year stint at General Motors.

Caesars CEO Tom Reeg expressed his pleasure at welcoming Harris Jones to the board, praising her vision for strategic, collaborative innovation. He highlighted her exceptional experience in navigating complex issues and implementing transformation for optimization. Reeg looks forward to working with Harris Jones, the board, and the management team to continue driving results for their guests, team members, and shareholders.

As the 10th member of Caesars’ board, Harris Jones will provide oversight to the company and play a crucial role in setting its strategic direction. She is a University of Michigan graduate and serves on several other boards, including United Rentals, True Blue, and Fossil Group. Additionally, she is a member of the Ethiopian North American Health Professionals Association and the finance committee of the Consortium for Graduate Study in Management.

Caesars executive chairman Gary Carano hailed Harris Jones as a tremendous addition to the Caesars Entertainment leadership team. He emphasized her extensive experience in finance and her reputation as a thoughtful and engaged leader within some of the largest consumer-packaged goods and automotive companies. Carano believes that Harris Jones’s addition will provide a new perspective for envisioning a stronger, more dynamic future for Caesars Entertainment.

This board appointment comes at a critical juncture for which has been experiencing declining sports betting revenue due to poor hold performance. The company also faces challenges in its flagship Las Vegas business, which analysts at JMP Securities predict will see a 5% decline in EBITDA year-on-year in its Q1 report. Another long-term challenge is the company’s ongoing effort to deleverage the business, which reported $12.3bn in debt as of 31 December 2023.

As of now, Caesars Entertainment, Inc. (CZR) is trading at $35.82, down 4.66 percent. Despite these challenges, the addition of Kim Harris Jones to the board signals a promising new era of leadership for the company.

In the midst of Ukraine's ongoing conflict, a silent battle is being waged within the ranks of the armed forces. Junior Sergeant Pavlo Petrychenko of the Ukrainian army raised an alarm about a perilous vice that has taken hold among the soldiers: online gambling. This addiction has led to numerous soldiers squandering their salaries, plunging them and their families into financial distress.

The situation has escalated to such an extent that some soldiers have resorted to selling off military equipment, including drones and thermal imaging cameras, to fund their gambling habits. This not only compromises their personal safety but also jeopardizes the security of their fellow soldiers.

The relentless stress of war and the physical distance from their families and loved ones have left the soldiers emotionally drained. In their search for a coping mechanism, many have turned to online gambling. It provides a temporary escape from their harsh reality and a fleeting rush of dopamine, a neurotransmitter associated with feelings of pleasure and reward.

Petrychenko, recognizing the severity of the issue, petitioned President Zelensky to ban gambling among soldiers. His plea resonated with many, garnering 26,000 supporters in just a few days. This overwhelming response necessitated a formal reply from the president.

On April 20, Zelensky responded by signing a decree that prohibited military personnel from engaging in online gambling during wartime. The decree also imposed restrictions on advertising, initiated a nationwide campaign to educate the public about the dangers of gambling addiction, and mandated the blocking of all illegal gambling sites.

The health ministry was tasked with developing a strategy to treat severe gambling addiction. However, just five days before the decree was signed, Petrychenko, the soldier who had sounded the alarm, was tragically killed in action in the eastern Donetsk region.

His petition sparked a nationwide discussion about the psychological toll of war on Ukraine’s already stretched forces. Lawmaker Oleksiy Goncharenko claimed that nine out of ten frontline soldiers were grappling with he said was “destroying morale in the military.”

Ukraine’s Deputy Minister of Veterans’ Affairs, Oksana Syvak, echoed these concerns. She revealed that there were numerous complaints from parents and spouses about soldiers losing their hard-earned money to gambling. While there are no official statistics to quantify the problem, personal accounts suggest that the sums involved are substantial.

Ivan Zadontsev, a press officer for the Aidar battalion, shared a story about a soldier in his unit who won 2.5 million hryvnias ($63,000) through gambling, only to lose it all in the hope of winning even more. Another soldier won a staggering 60 million hryvnia ($1.5 million) jackpot and subsequently deserted.

Zadontsev suggested that the relatively high salaries of soldiers, which are six times the national average, might be a contributing factor to the gambling problem. Syvak, on the other hand, attributed it to the psychological impact of the ongoing conflict.

“During such hostilities, very often people use alcohol, drugs, smoke weed or… abuse gambling,” he said. “This is a consequence of war… gambling is a break from reality, a secondary reaction to a severe trauma.”

The rise in online gambling has also raised security concerns. Anton Kuchukhidze, chairman of the Ukrainian Gambling Council, estimated that there are 1,200 illegal gambling sites, 300 to 400 of which are Russian companies. However, he argued that there was no research to support the claims of widespread gambling addiction among Ukrainian soldiers.

As the war continues to ravage the Ukrainian economy, But with it comes a hidden crisis that is silently tearing at the fabric of the Ukrainian armed forces, a crisis that demands immediate attention and action.

Betfred has recently made a significant strategic shift. The company has fully absorbed its supplier, Sharp Gaming, marking a new chapter in its business operations. The founder of Sharp Gaming, Andrew Daniels, will now serve as Chief Information Officer, further strengthening the company’s technological prowess.

Sharp Gaming, launched in 2017 with over £100m funding from Betfred Chairman Fred Done, has been a key player in Betfred’s operations. The company has now transitioned completely in-house and rebranded as Betfred Technology. This move signifies Betfred’s commitment to leveraging technology to drive its business forward.

Betfred Technology will now power Betfred’s full-spectrum B2B system, including its Player Account Management (PAM), sportsbook, gaming aggregation, Remote Gaming Server (RGS), websites, and applications. This integration is expected to unlock new opportunities for Betfred, enhancing its ability to deliver superior services to its customers.

Andrew Daniels, the former CEO of Sharp Gaming, expressed his excitement about the transition on LinkedIn. He stated, “Completing the migration allows us to look ahead and begin Our new platform is key to unlocking new opportunities for us. As we embark on this new chapter for Betfred, we also bid farewell to the name Sharp Gaming.”

Daniels, who launched Sharp Gaming in 2020, will now take up a new role as Betfred’s Chief Information Officer. This follows Betfred’s acquisition of Sharp Gaming in 2021, after a £25m investment in 2020. The business had been supported by Betfred from its inception, receiving £25m from Done at launch.

Daniels thanked his team for their hard work, stating, “Thanks to my fantastic team, who have worked around the clock since December to ensure the success of the migration. Here’s to the next chapter of innovation, growth, and success at Betfred.”

Before founding Sharp Gaming, Daniels had a rich history in the gaming industry. He worked as Betfred’s Head of Mobile Development from 2011 to 2013, and as a Senior Developer at IGT following the supplier’s acquisition of mobile gaming business Million-2-1. He also founded Degree 53, an online gambling, mobile gaming, and website-focused creative agency, which was acquired by Bally’s Interactive in 2021.

This strategic shift by Betfred reflects the growing importance of cutting-edge technology in the betting industry. With its new in-house technology department, Betfred is well-positioned to innovate its offerings and continue its growth trajectory in the years to come.

Yesterday an emergency meeting was convened by the Budget and Finance Commission of Bulgaria. The meeting, attended by Members of Parliament (MPs), was held to discuss and approve the latest amendments to . These amendments, co-authored by Yordan Tsonev of the centrist DPS party (pictured above), and Temenuzhka Petkova of the populist GERB party, had recently passed their first reading and were now undergoing a second reading.

The next step in the legislative process is for the newly amended text to be presented to the National Assembly for a final vote. As of the latest update, the law has been unanimously approved by MPs and is set to be enacted on May 3rd.

One of the most notable changes to the initial draft was the introduction of what has been termed the “10,000 rule”. This rule prohibits the establishment of gambling venues in areas with a population of up to 10,000 citizens. This is a significant increase from the initial draft, which had set the limit at 5,000 citizens.

Dimo Drenchev, a representative of the nationalist Vazrazhdane party, requested additional information from the Ministry of Finance regarding the potential impact of this restriction. Specifically, he sought details on the number of venue closures and job losses that could result from the implementation of this rule.

In response, Irena Hristova, Director of Tax Policy to the Ministry of Finance, revealed that there are currently 104 land-based gambling venues located in towns with fewer than 10,000 inhabitants. However, she was unable to provide an estimate of the number of job losses that could result from the new proposals, stating that this figure would be subject to further discussions with the Ministry of Labour and Social Politics.

The revised proposal also includes a clause defining the minimum distance of land-based from places frequented by vulnerable groups, particularly children. The proposed distance, which will be included in the final vote, is set at 300 metres away from community centres, public libraries, student accommodations, and children’s playgrounds.

The issue of gambling advertisements was also a key point of discussion during the meeting. Currently, licensed operators in the country voluntarily include warnings about gambling harm in their promotional messages. However, the revised proposal mandates that 10 percent of all advertising space be dedicated to such warnings.

In addition, Tsonev has proposed a blanket ban on gambling advertisements across radio, TV, print, and online publishing platforms. This proposal remains unchanged from the initial draft, indicating a strong commitment to promoting responsible gambling practices in Bulgaria.

There has been opposition to the proposed amendments to Bulgaria’s Gambling Act. The amendments, which were put forward by Kostadin Kostadinov of the Vazrazhdane party, were defeated with a vote of 67-29, despite having support from BSP for Bulgaria and the populist party “There Is Such a People”.

During the plenary session, a minority of populist representatives voted in favor of the proposed amendments, while the political majority chose to abstain. As a result, the amendments were rejected, and the proposed legislation did not move forward.

Voices of dissent from GERB-UDF warned against the potentially negative effects on municipal sporting institutions, arguing that such measures would merely scratch the surface of the root causes of addiction.

Dimo Drenchev, from the nationalist Vazrazhdane party, requested the Ministry of Finance to provide more information on the number of venue closures and job losses that the restriction would lead to. This suggests that there were concerns about the potential economic impact of the amendments.

While the proposed amendments were intended to curb the pervasive influence of gambling advertisements and protect vulnerable groups, they faced opposition due to concerns about their potential impact on the economy and the effectiveness of the measures in addressing the root causes of addiction. For more information, you may want to look into the matter further.