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Colorado’S Sports Betting Industry Market Should Thrive When Games Are Back On

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Set to launch on May 1, Colorado could attract as much as $6 billion in sports bets annually, according to PlayColorado analysts
Colorado’s fledgling sports betting industry will eventually generate billions of dollars in bets annually, hundreds of millions in operator revenue, and tens of millions in tax revenue, according to estimates by PlayColorado.com, which researches and analyzes the state’s newly regulated sports betting market.
Despite the sports world being indefinitely shuttered in response to the COVID-19 pandemic, regulators are preparing for a May 1 launch of online and retail sports betting. When it does, Colorado will become the 18th state to have some form of legal sports betting. And the Centennial State has a bright future, capable at maturity of generating as much as $6 billion in sports bets annually, $400 million in gross operator revenue annually, and $40 million in annual tax revenue, according to PlayColorado projections.
“With a significant base of existing land-based casinos, a regulatory framework that will be attractive to operators, and one of the largest metropolitan markets in the country to draw from, Colorado is well-positioned to capitalize on sports betting,” said Dustin Gouker, chief analyst for PlayColorado.com. “But assuming the industry does launch on May 1, it will be doing so in unprecedented circumstances with almost no sports to wager on. There are some advantages to a forced soft opening, but it also means that it will be some time before we learn with confidence just how Colorado’s bettors will respond to legal sports betting.”
Colorado regulators have been deliberate in creating a regulatory framework for casinos, opting for a later start date to ensure that the state gets sports betting right. Its 10% tax on net revenue is comparable to some of the most successful sports betting markets. New Jersey, which is neck and neck with Nevada as the nation’s largest sports betting market, levies a 9.75% tax on revenue from retail sportsbooks and 13% on online sports betting revenue. Indiana, the No. 4 sports betting market in the U.S., taxes sports betting at a 9.5% rate.
In addition, Colorado has avoided some of the pitfalls of earlier adopters, such as imposing maximum bet limits, a decision state regulators left to operators.
“Colorado legislators and regulators have made many smart, measured decisions based on input from casinos, operators, and bettors, and that has led to the adoption of an excellent collection of rules and restrictions,” Gouker said. “They have also had the undeniable benefit of seeing what has worked in other states. Colorado’s methodical approach might have been frustrating to bettors by slowing the launch, but there is plenty to be encouraged about. Sports betting operators have inked partnerships and regulators are listening to stakeholders. That will serve Colorado well.”
Until the COVID-19 pandemic subsides, bettors will largely have to wait to wager on anything other than futures on pro sports and a handful of international sports.
In other states, legal online casino and poker wagering has meant millions in additional revenue for operators and states, helping to bolster bottom lines during a difficult time in the gaming industry.
“There is no question that the revenue from online casinos and poker rooms has helped operators in states such as New Jersey and Pennsylvania weather the shutdowns of land-based casinos and essentially all sports,” Gouker said. “Coloradoans will likely someday decide if and when the time is right to legalize online casino wagering. In the meantime, it has put the right framework in place for its sports betting industry to thrive once sports are played again.”
For more information and analysis on regulated sports betting in Colorado, visit PlayColorado.com/news.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Colorado’S Sports Betting Industry Market Should Thrive When Games Are Back On
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THE STAGE IS SET AS FINAL TEAMS ARE CONFIRMED FOR THE PUBG MOBILE GLOBAL CHAMPIONSHIP GRAND FINALS
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- The 2025 PUBG MOBILE Global Championship (PMGC) ignites as final two teams qualify for the Grand Finals
- Alter Ego Ares and Team Flash clawed their way through the pressure-packed Last Chance stage, claiming their well-deserved spots in the Grand Finals, as more than 1.2M fans around the world witnessed this nailbiting weekend
- 16 elite teams are now advancing to the main stage in Bangkok to battle for the lion’s share of the $3,000,000 prize pool
- In celebration of PUBG MOBILE and Balenciaga’s continued the Balenciaga I PUBG collaboration, the 2025 PMGC Grand Champions will take home the custom designed BALENCIAGA l PMGC l PGC 2025 Champion Jacket
- Building on a successful collaboration campaign with PUBG MOBILE, Porsche will invigorate the 2025 PMGC stage with the prize of a Porsche Cayenne to the MVP player of the 2025 PMGC Grand Final
After weeks of intense battles and a decisive Last Chance qualifier, the stage is set and the final teams are locked in for the 2025 PUBG MOBILE Global Championship (PMGC) Grand Finals. This past weekend marked the conclusion of the 2025 PMGC Last Chance stage, where 16 teams fought tooth-and-nail to be a finalist in this year’s culminating PUBG MOBILE Esports tournament. Highlighting the significance of this stage ahead of the main event, the Last Chance weekend saw more than 1.2M fans witness the action across the globe. With the dust now settled, the final two teams have secured their slots in the Grand Finals, where they’ll compete for their share of the massive $3,000,000 prize pool.
The Last Chance took center stage from December 6th -7th, as teams battled fiercely for their final opportunities to reach the Grand Finals. Day one saw Alter Ego Ares making an early statement, while Influence Rage and Loops Esports climbed the leaderboard with strong performances. On day two, the intensity ramped up as Weibo Gaming pulled off crucial late-game plays to surge up the leaderboard, while Team Flash stayed consistent, surviving each round to stay in the running. In the end it was Alter Ego Ares and Team Flash who had secured their spots in the Grand Finals, closing out the Last Chance stage and setting the stage for the ultimate showdown of the year.
Final teams qualified for the Grand Finals:
- Alter Ego Ares
- Team Flash
- DRX
- Regnum Carya
- EArena
- R8 Esports
- ThunderTalk Gaming
- Kara Esports
- MadBulls
- Alpha7 Esports
- ULF Esports
- D’Xavier
- Alpha Gaming
- DPlus KIA
- Team GOAT
- Vampire Esports
The 2025 PMGC Grand Finals roster brings together seven powerhouses from the Gauntlet Stage, six elite qualifiers from the Group Stage, the two Last Chance survivors, and Vampire Esports as the Host Country Invitee. With all finalists confirmed, the spotlight shifts fully to Bangkok, where the Grand Finals will erupt inside Siam Paragon from December 12th – 14th. As the defining event of the competitive calendar, the 2025 PMGC not only brings together the world’s strongest PUBG MOBILE Esports teams, but also marks a new era for the scene as it joins forces with the 2025 PUBG Global Championship (PGC), as PUBG UNITED 2025. Across three action-packed days, the world’s best squads will battle through six matches per day, as they chase fame and glory.
All signs point to an electrifying Grand Finals, with a roster stacked full of top-tier contenders. Alpha Gaming are poised as a team to watch after ripping through Group Green in the Group Stage with unwavering consistency, while R8 Esports made their intentions known early by dominating the opening Gauntlet Stage. Last year’s reigning champions Dplus KIA bring the heat to this year’s Grand Finals line-up, and with the remaining teams hungry to disrupt the established order, this year’s 2025 PMGC Grand Finals are set to make history.
Set to make this PMGC the grandest Grand Finals yet, and in continuing the city-wide celebrations, PUBG MOBILE partners Balenciaga and Porsche will each be represented through prizes awarded to the Champion team. Balenciaga has designed an exclusive jacket for each player of the 2025 PMGC Champion team, as a symbol of the talent and effort they have displayed. For the MVP player of the 2025 PMGC Grand Finals, they will be awarded with a brand new luxury Porsche Cayenne, the perfect prize for the player who shines the brightest in their performance.
Fans can tune in to watch the 2025 PMGC Grand Finals on PUBG MOBILE Esports’ YouTube, Facebook and Twitch channels, between December 12th – December 14th. For more PUBG MOBILE Esports news, stay tuned on Facebook, Instagram, Twitter, Youtube, and TikTok.
The post THE STAGE IS SET AS FINAL TEAMS ARE CONFIRMED FOR THE PUBG MOBILE GLOBAL CHAMPIONSHIP GRAND FINALS appeared first on European Gaming Industry News.
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Million Games Launches Goblin Brew – A Wild Night of Free Spins and Fortune
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Million Games has announced the release of Goblin Brew, a mischievous 5×5 fantasy slot developed by Yugo Workshop through the Million Stars partner programme.
Set in a dimly lit goblin tavern, Goblin Brew combines light-hearted fantasy with rewarding gameplay, offering Free Spins, Expanding Wilds, and a unique progression system that keeps every round unpredictable.
Landing 3 or more Beer Scatters triggers the Goblin Gold Spins, where silver coins grant extra spins and gold coins increase the global multiplier. As players collect more coins, low-paying symbols are removed, paving the way for higher wins and an electric build-up toward the maximum payout of 5,000x the bet.
“Goblin Brew has all the ingredients for a fun, rewarding slot,” said Thomas Nimstad, CEO of Million Games. “It’s visually rich, mechanically engaging, and delivers a player experience that balances excitement with accessibility. Yugo Workshop has done a fantastic job of capturing that perfect mix.”
With a 96.11% RTP and medium volatility, Goblin Brew offers approachable yet high-value gameplay that fits perfectly into modern casino portfolios.
Goblin Brew is now available to all Million Games partners and integrated operators worldwide.
The post Million Games Launches Goblin Brew – A Wild Night of Free Spins and Fortune appeared first on European Gaming Industry News.
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A large-scale $1 billion online casino shady scheme involving Ukrainian fraudsters Vadim Gordievsky and Alyona Suvorova has been discovered in Kazakhstan.
The Kazakhstan Financial Monitoring Agency has revealed a large-scale shady scheme with a whole layer of cross-border transfers. While referring to the press service of the Agency, Elordainfo.kz informs that numerous bank employees and 120 people from several countries were involved in the operation of the shady scheme.
The money was sent to various payment organizations, disguised as legal transactions, and was later withdrawn to numerous online casinos.
At the same time, local authorities managed to eliminate the call center, which employed foreigners, which provided technical support for four online casinos as well as advice on money transactions. In addition, the organizers of the call center created a gambling partnership program that was used to accept payments and withdraw them in cryptocurrencies. The overall turnover exceeded 200 million USDT.
During the implementation of all these measures, over 70 searches were conducted. As a result of these activities, local authorities managed to gather physical evidence as well as to detain nine suspects.
According to law enforcement authorities in Kazakhstan, the key organizer of the shady miscoding scheme is Ukrainian Vadim Ivanovich Gordievsky, born in 1974. He led this organized crime group and used the local Marginplus company for these purposes (marginplus.kz). In addition to companies from Kazakhstan, Gordievsky also worked with illegal Russian online casinos while helping them to facilitate payments.
Already in 2008, Vadim Gordievsky served as deputy head of the Boryspil Regional State Administration and was in charge of land issues. Under Gordievsky, various lands of Boryspil were sold while the money was stolen. In the same 2008, he was dismissed from his position with a huge scandal, but his case never resulted in criminal proceedings. A lot of money and connections in government offices helped him avoid accountability.
In 2012, when Viktor Yanukovych came to power, Vadim Gordievsky took the chair of the head of the highway service in the Odessa region, where he managed to get access to millions of dollars, which he later invested in FC Alta Capital.
After the initiation of criminal cases for financial crimes, fraud, and the announcement of his wanted list by the Ministry of Internal Affairs, Vadim Gordievsky left Ukraine on forged documents.
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According to investigators, Gordievsky’s partner, Mikhail Kovalev (Mykhaylo Kovalov), who has a number of companies in the EU, in particular, in Poland and a residence permit in Spain, was closely working with Gordievsky. By using numerous fictitious companies in Poland, in particular, STABLEX SOLUTION Sp. z o. o (solvexs.pl) he engaged in illegal payments and cash withdrawal in cryptocurrencies.
His partner, who is also his former Kyivstar employee, Alyona (Olena) Suvorova (born in 1983), who left Ukraine for Moscow after February 2022, and Ukrainian IT specialist Denis Andreevich Rykov (born in 1990), who currently lives in St. Petersburg, also participated in the shady scheme of illegal bookmakers and dubious payments.
Judging by her social media accounts, Alyona Suvorova is currently positioning herself “as an entrepreneur, investor, and crypto trader with 5+ years of experience.” According to Suvorova herself, she has been developing payment technologies in the field of FinTech for 10 years. In 2021, she opened her own business for international crypto transfers. In addition, she is the founder of the Lemoncoin Crypto Academy.
The law enforcement agencies of Kazakhstan are asking for information about the location and data of all these people. In the near future, Vadim Gordievsky, Alyona Suvorova, and other defendants will be put on the international wanted list. According to local laws, they face up to nine years in prison.
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