has once again seen a lucky winner in its Top Secret Cashword instant game, with an 80-year-old man having taken home the impressive $300,000 (€279,150) prize.

According to reports, the elderly winner has recently switched from playing drawing games to instant games, and it has been just a week after this change that he has struck gold. Purchasing the winning ticket at Wolf Lake Store in Baldwin, the man has described the moment he discovered his win as “the best feeling in the world.” After scratching the ticket at home, he is initially left in disbelief until he shows it to his daughter, who immediately cheers upon realising the huge prize they have won.

The lucky winner has officially collected the grand prize of $300,000 (€279,150) from the lottery headquarters. He has also shared his heartwarming plans to use the money he got to fully pay off his mortgage, highlighting the life-changing event of such a significant victory. This remarkable story serves as a powerful reminder that fortune can smile upon anyone, regardless of age.

The joyous story of this lucky individual has captured the attention of news outlets such as The State and Gambling News.

, with a remarkable 10,500 retailers across the state providing access to these thrilling gaming experiences. In 2023, players across the state of Michigan experienced a massive success with instant games, leading to a collective prize payout of $1.8 billion (€1.6 billion). This significant amount emphasises the widespread popularity and excitement surrounding these games in Michigan.

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Hilco Streambank, a market leading advisory firm specialising in intellectual property, is  inviting offers from interested parties for the sale of a number of assets of EBET Inc and its subsidiaries.

EBET is a technology company that operates online gaming brands. Bids are due by 30 July and the auction for the assets is scheduled to take place on 1 August.  EBet also operates seven online casino and sports betting brands, all of which have a large European player base.

EBET’s portfolio comprises brands such as Karamba, Hopa, Griffon Casino, BetTarget, Generation VIP, Dansk 777, and Scratch2Cash. These brands, which offer a broad spectrum of gaming and betting options, generated an estimated revenue of around $21.0 million in the last twelve months as of March 31, 2024. In the calendar year 2023, an average of approximately 18.4k players per month placed a bet, with the average initial deposit being around €127.

Richelle Kalnit, the Chief Commercial Officer of Hilco Streambank, commented, “The acquisition of these assets provides a unique opportunity for a buyer to penetrate the fast-growing online gaming market and build on the success of the brands by focusing on and/or re-entering specific markets, reactivating the extensive player database, and enhancing software and marketing operations.”

A buyer participating in the foreclosure sale could potentially acquire a variety of assets and rights. These include intellectual property rights such as trademarks, domain names, patents, and copyrights. The buyer may also gain access to customer and transaction data for over 925,000 users, as well as the code for the front-end of the website. Additionally, the purchase could include accounts and contracts related to marketing services. The buyer may also inherit the role of plaintiff in ongoing litigation, which carries the potential for a substantial damages award. Finally, the acquisition may encompass shares in certain subsidiaries.

Let’s revisit a pending lawsuit that was previously covered by SiGMA News.

EBet vs Aspire: Examination of allegations and defence

SiGMA News previously reported that The lawsuit is seeking no less than 65 million Euros in damages, including compensatory and punitive damages, along with other damages to be proven at trial. The lawsuit hinges on allegations of fraudulent activities by Aspire Global and a significant breach of a prior share purchase agreement.

In the share purchase agreement, EBet procured specific B2C iGaming assets and related websites from Aspire. Concurrently, a white label operator agreement was established, detailing joint efforts in managing the acquired assets.

EBet’s allegations against Aspire are extensive, involving claims of book and record manipulation, gross exaggeration and falsification of active player data, and a significant failure to uphold necessary operations in Germany. These actions are viewed as breaches of the agreement terms.

EBet argues that Aspire materially violated its duties under the operator agreements. These violations extend beyond record falsification to a variety of actions that EBet contends breach the contractual obligations.

Beyond the primary fraud and contract breach claims, EBet’s legal action includes other causes of action. These could encompass industry regulation violations, potential damage to EBet’s business reputation, and any other pertinent legal grounds that may surface during the trial.

EBet’s decision to pursue legal action marks a significant stride in seeking compensation for the alleged damages resulting from Aspire’s actions. The legal process will progress as both parties present their arguments and evidence, with the final judgment determining the outcome of this intricate and contentious dispute.

The complex network of legal proceedings, defense preparations, and potential trials sets the stage for a contentious legal drama with extensive consequences, making it an even bigger point of interest within the gaming industry, with the foreclosure of EBet’s sale of assets.

reached out to EBet for comments. However, EBet expressed their preference not to comment. As of the time the article was published, no response had been received.

 Summit powered by Soft2Bet, will take place in Budapest from 2-4 September 2024.

The of Great Britain has recently released itson gambling participation, shedding light on the habits and preferences of adults across England, Scotland, and Wales. Conducted by NatCen, the survey gathered data from a sample of over 5,000 adults aged 18 and above.

According to the data, nearly half of all adults surveyed reported engaging in gambling activities within the past month. The most prevalent form of gambling among respondents was participation in lottery draws, both national or charity-led.

21% of respondents exclusively engaged in lottery draws over the previous four weeks. Participants in lottery draws tended to be older compared to other types of gamblers.

According to the data, a majority of gamblers in Great Britain are men.

Lotteries, including national lotteries (31%) and charity lotteries (15%), emerged as the most popular forms of gambling in Great Britain, followed by scratch-cards (13%), betting (9%) and instant wins (6%).

Online platforms have become the preferred medium for gambling: 71% of respondents opting for online channels, rising to 82%when excluding respondents who only play lottery draws.

The driving gambling behaviours varied among respondents from different age groups: younger people (aged 18 to 24) tend to play for fun, or to socialise, while older players' main objective is financial gain.

Younger players indicated a stronger preference for gambling for fun (86% of younger respondents vs. 70% of the general population), compared to the pursuit of monetary rewards, which is the main motivation for the general population: 86% of the general population vs. only 75% of younger respondents.

For younger gamblers, social interaction and competition emerged as significant motivations. A notable 46% of young respondents cited socialising as a reason for gambling, compared to 23% of the general population. Additionally, competing with others (20% among young respondents versus 8% overall) and the desire to impress peers (21% versus 7%) were more prevalent among younger gamblers.

Notably, almost 20% of respondents stated that one reason they gamble is the fear of missing out on a potential win if they choose not to gamble.

The Danish Gambling Authority, an executive body under the Danish Ministry of Taxation, has announced Starting from 1 September 2024, the Authority will begin accepting license applications from online games suppliers. This move marks the beginning of a new era in the Danish iGaming landscape, setting the stage for a more regulated and transparent market.

The licensing window opens four months ahead of the implementation of new regulations. These regulations mandate that games suppliers must be licensed in Denmark before they can provide games to licensed operators in the market. This is a significant shift from the current scenario and is expected to bring about a more structured and regulated iGaming environment in Denmark.

As part of the licensing process, all games, platforms, business procedures, and systems will have to be tested and inspected by an accredited testing company. This is in accordance with the Danish Gambling Authority’s certification programme, which is currently under development. The certification programme is expected to be released for public consultation in mid-July and will come into force on 1 January 2025.

The certification programme is a crucial component of the new regulations. It sets the standards for the testing and inspection of games, platforms, business procedures, and systems. The programme is designed to ensure that all games and systems meet the highest standards of quality, fairness, and security.

Interestingly, any games that are currently available in the Danish market under the existing certification programme will remain approved until 1 July 2025. After this date, it will be mandatory to use the new certification programme. This transition period provides games suppliers with ample time to adapt to the new regulations and ensure compliance.

Danish Gambling Authority’s supplier licensing timeline

To assist games suppliers with the application process, the Danish Gambling Authority has made guidance material and new application forms available on its website. These resources provide detailed information about the application process, the new rules, and the requirements for obtaining a license.

The introduction of these new regulations is a significant milestone in the evolution of the Danish iGaming industry. It reflects the Danish Gambling Authority’s commitment to ensuring a fair and well-regulated gambling market. By requiring games suppliers to be licensed, the Authority aims to enhance transparency, protect players, and maintain the integrity of the iGaming industry.

As the Danish iGaming industry embarks on this new journey, it will be interesting to see how games suppliers adapt to these changes. The new regulations present both challenges and opportunities. While games suppliers will need to navigate the complexities of the licensing process and ensure compliance with the new rules, they also stand to benefit from operating in a more regulated and transparent market.

The Danish Gambling Authority’s supplier licensing timeline marks the beginning of a new chapter in the Danish iGaming industry. It sets the stage for a more structured, transparent, and regulated market, promising a safer and more enjoyable gaming experience for players. As games suppliers gear up to embrace these changes, the future of the Danish iGaming industry looks promising.

 Summit powered by Soft2Bet, will take place in Budapest from 2-4 September 2024.