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New report from CFG: While Tariffs Crash Markets, Illegal Gambling Bleeds Billions

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America Must Stop the Steal Across Online Sports Betting, Casino and Predictors Now

Illegal operators now control 74% of America’s $90.1 billion online gambling market.U.S. audiences looking for online gaming are exposed to illegal gambling content 88% of the time, across their online activity2025 is a tipping point year – without action, illegal dominance will become entrenched.

WASHINGTON, April 10, 2025 /PRNewswire/ — Illegal online gambling operators now control 74% of the $90.1 billion U.S. online gambling marketplace, according to a new report from data intelligence platform Yield Sec, commissioned by the Campaign for Fairer Gambling (CFG). The report, USA National 2024, reveals that while legal online gambling revenues grew 36% last year, illegal revenues surged by 64% – nearly twice as fast.

The report reveals that 88% of U.S. online audiences are exposed to illegal gambling content, across platforms including search, social media, streaming, and apps. Despite the growth of legalized online sports betting and casino offerings in several states, illegal operators continue to outperform legal brands through price, product range, and aggressive promotions.

The report also reveals that illegal platforms don’t just reach more people – they engage them and retain more of their money. With 88% of U.S. audiences looking for gambling being exposed to illegal gambling content, and affiliates promoting illegal operators outnumbering legal ones by six to one, consumer engagement with illegal online gambling is deep and sustained.

Major events like the Super Bowl, March Madness, Copa America, and the Olympics in 2024 acted as recruitment gateways, driving spikes in traffic and allowing illegal operators to cross-sell profitable casino products and capture more of every consumer dollar. Product choice across illegals enhances their status to consumers as one-stop gambling shops: illegals feature all products in all states, including casino and popular predictor marketplaces which illegals have hijacked to feature events such as election and tariffs betting alongside sports and financials.

Derek Webb, founder of the Campaign for Fairer Gambling, comments:
“US legalization of internet gambling without a gameplan to tackle the illegal sector has been an unmitigated disaster. In California, where online gambling is illegal, the total population loss per capita for 2024 is $141. In comparison with New Jersey, where online sports and casino gambling are legal, the illegal loss per capita on sports is $103 and on casino is $169, being a total of $272, nearly twice as much as in California.

Any pundit, commentator, legislator, regulator, lawyer or lobbyist selling legalization alone as a cure for illegal online gambling should be ashamed.”

Ismail Vali, Founder and CEO of Yield Sec, added:
“Let’s not pin this on gambling regulators alone. Their job is to supervise the licensed industry, not to chase criminals who never applied for a license. Illegal gambling is everyone’s problem – operators, law enforcement, media companies, social platforms, and governments all have a role to play.

At Yield Sec, we show every legal stakeholder how to identify, expose, and remove crime from the marketplace – because until that happens, it’s your money that’s being stolen. For America in 2025, it’s time to kick crime out of online gambling.”

Key findings in the Campaign for Fairer Gambling U.S.A National 2024 Report:

917 illegal online gambling operators actively targeting U.S. users, compared to just 95 legal ones668 affiliates promoting illegal online gambling operators, versus 106 promoting legal brands88% of U.S. online audiences are exposed to illegal gambling contentIllegal operators generated $67.1 billion in revenue in 2024, compared to $23 billion by legal operatorsIllegal gambling revenue grew by 64% year-on-year, nearly double the growth of the legal sector (36%)

Yield Sec warns that 2025 marks a tipping point in the U.S. online gambling marketplace, unless actions are taken now against crime. CFG is calling on legislators, regulators, and all industry leaders to work together to protect consumers, safeguard state revenues, and curb crime. It’s time to stop the steal across American online gambling.

About The Campaign for Fairer Gambling (CFG):
The Campaign for Fairer Gambling (CFG) exists to advance a politically bipartisan and scientifically evidenced agenda of gambling reform. CFG will be active across America because the nationwide debate over gambling needs more balance and trustworthy data. For more information, visit: 
https://www.fairergambling.com/

About Yield Sec:
Yield Sec, short for yield security, is a technical intelligence platform monitoring all audience activity across gambling, streaming, crypto and consumer goods to see the total online marketplace – both legal and illegal. Yield Sec delivers analysis, actions and recommendations to ensure online stakeholders make the money they should – and are not stolen from by crime.
https://www.yieldsec.com/

PDF : https://mma.prnewswire.com/media/2662080/Campaign_for_Fairer_Gambling.pdf
Logo: https://mma.prnewswire.com/media/2615627/5262004/CFFG_Logo.jpg

 

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GEEKOM Targets Korea with High-Performance Mini PCs

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TAIPEI, April 29, 2025 /PRNewswire/ — GEEKOM, a Taiwanese tech company known as the Green Mini PC Global Leader, has announced its strategic focus on South Korea as a major target market in 2025, unveiling multiple cutting-edge models designed to cater to diverse computing needs. This move underscores GEEKOM‘s commitment to expanding its presence in Asia and delivering innovative solutions to tech-savvy consumers.

Mini PCs offer a compact, space-saving alternative to traditional desktop towers, making them ideal for modern workspaces or smaller living environments. Despite their size, mini PCs often deliver impressive performance, integrating advanced processors and storage solutions. They consume less power, reducing electricity bills and environmental impact. Known for their outstanding quality, GEEKOM Mini PCs are popular in markets including USA, Western Europe and Australia.

Most of GEEKOM‘s popular models are now available for purchase on Coupang and Naver, including those recently showcased at CES 2025. Leading the lineup is the fan-favorite GEEOM IT13 2025 Edition, equipped with an Intel Core i9-13900HK processor, dual-channel DDR4-3200MHz RAM and a fast PCIe Gen4 SSD. Thanks to its powerful performance and unmatched versatility, the IT13 2025 Edition is well-suited for all sorts of computing scenarios.

Another high-performance solution is the A8 MAX. Equipped with the AMD Ryzen 9 8945HS processor and Radeon 780M iGPU, it delivers exceptional performance for demanding chores like 4K video editing, graphic design, and multitasking. Its built-in NPU enhances AI-driven applications, offering up to 60% faster performance for compatible software. With dual USB4 ports, the mini PC even supports external GPUs for even greater versatility, perfect for creative professionals and tech enthusiasts seeking top-tier performance in a sleek design.

For budget-conscious users, the GEEKOM A6 provides an affordable yet powerful alternative. Priced below $500, it features AMD’s Ryzen R7-6800H processor and shares many of the A8 Max’s core functionalities, including extensive connectivity and storage options. This model is extremely appealing to users seeking value without compromising on performance.

GEEKOM‘s decision to target South Korea aligns with the country’s reputation as a hub for technological innovation and consumer demand for high-quality electronics. By introducing these models, GEEKOM aims to capture the attention of Korean consumers who prioritize performance, reliability, and cutting-edge design.

As GEEKOM continues to innovate, its focus on Korea signals a promising future for the brand in one of the world’s most dynamic tech markets.

 

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SOURCE GEEKOM

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Emeren Group Ltd Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

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NORWALK, Conn., April 28, 2025 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that the special committee (the “Special Committee”) of the Company’s Board of Directors (the “Board”) has retained Kroll, LLC as its independent financial advisor and Morrison & Foerster as its U.S. legal counsel. The Special Committee was formed to evaluate and consider the preliminary non-binding proposal received by the Board on March 17, 2025 (the “Proposal”) as well as other potential strategic alternatives that the Company may pursue.

The Board cautions the Company’s shareholders and others considering trading the Company’s securities that no decisions have been made with respect to the Proposal or any alternative strategic option that the Company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the transaction contemplated by the Proposal or that any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to any transaction, except as required under applicable law.

About Emeren Group Ltd

Emeren Group Ltd (NYSE: SOL), a renewable energy leader, showcases a comprehensive portfolio of solar projects and Independent Power Producer (IPP) assets, complemented by a significant global Battery Energy Storage System (BESS) capacity. Specializing in the entire solar project lifecycle — from development through construction to financing — we excel by leveraging local talent in each market, ensuring our sustainable energy solutions are at the forefront of efficiency and impact. Our commitment to enhancing solar power and energy storage underlines our dedication to innovation, excellence, and environmental responsibility. For more information, go to www.emeren.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets, “confident” and similar statements. Among other things, statements that are not historical facts, including statements about Emeren’s beliefs and expectations, the business outlook and quotations from management in this announcement, as well as Emeren’s strategic and operational plans, are or contain forward-looking statements. Emeren may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its periodic reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. All forward-looking statements are based upon management’s expectations at the time of the statements and involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: execution of Emeren’s strategies and business plans; growth and trends of the industries in which Emeren operates; market acceptance of Emeren’s products and services; competition in the industries in which Emeren operates; Emeren’s ability to control costs and expenses; Emeren’s ability to retain key personnel and attract new talent; relevant government policies and regulations relating to Emeren’s industry, corporate structure and business operations; seasonality in the business; fluctuations in currencies exchange rates; risks related to acquisitions or investments Emeren has made or will make in the future; accounting adjustments that may occur during the quarterly or annual close or auditing process; and fluctuations in general economic, political, geopolitical and business conditions. Further information regarding these and other risks are included in Emeren’s filings with the U.S. Securities and Exchange Commission. All information provided in this announcement and in the attachments is as of the date of the announcement and based on assumptions that Emeren believes to be reasonable as of this date, and Emeren undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact: 

Emeren Group Ltd – Investor Relations
+1 (925) 425-7335
ir@emeren.com

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SOURCE Emeren Group Ltd

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AI Evolution and Life Sciences: Embracing New Frontiers at Dalton Venture CEO Summit 2025

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 HONG KONG, April 29, 2025 /PRNewswire/ — Dalton Venture CEO Summit 2025 , jointly hosted by Dalton Venture and Hong Kong Science and Technology Parks Corporation (HKSTP), successfully concluded at Hong Kong Science Park. The summit brought together over 100 distinguished guests, including government officials, leading scholars, entrepreneurs, and investors from Mainland China, Hong Kong, and beyond, to explore new global opportunities in life sciences innovation.

The event gathered more than 60 entrepreneurs from Dalton Venture’s portfolio companies across cutting-edge sectors such as cell and gene therapy, ophthalmology, AI in healthcare, embodied AI, bio-3D-printing, and cardiovascular technologies.

Uniting Industry, Research, and Capital to Accelerate Globalization

Founding Managing Partner Sun Qi highlighted Hong Kong’s unique advantages as an East-West bridge, with world-class research infrastructure and capital markets. “Dalton Venture sees Hong Kong not only as a gateway to the world but as a convergence point for technology, capital, industry, and vision,” as he said.

Ms. Cheong Man Lei, Lillian, JP, Deputy Secretary for Innovation, Technology and Industry of the Hong Kong SAR Government, delivered a video keynote address. She emphasized Hong Kong’s commitment to becoming an international innovation and technology hub, citing initiatives like the HK$10 billion Research, Academic and Industry Sectors One-plus Scheme. She warmly welcomed more Mainland Chinese enterprises to leverage Hong Kong’s platform for international expansion.

Hong Kong Science Park as a Launchpad for Life Sciences Innovation

Ms. Gracie Ng, Chief of Staff and Acting Chief Corporate Development Officer of HKSTP, also extended a warm welcome. She highlighted HKSTP’s role in cultivating a vibrant life sciences ecosystem through research support, incubation services, and funding channels, including its HK$1 billion corporate venture fund. “We are delighted to host Dalton Venture’s CEO Summit and look forward to deepening collaboration with visionary enterprises.”

Capital Empowering Innovation: Insights from HKEX

Sam S.K. Luk, Vice President (Global Issuer Services) at Hong Kong Exchanges and Clearing Limited (HKEX), outlined Hong Kong’s latest initiatives to support biotech and hard-tech enterprises through listing mechanisms like Chapter 18A and 18C. He emphasized that Hong Kong remains a preferred destination for innovative companies seeking global investors, citing recent resilience in the local stock market and continued inflows from Southbound trading under the Stock Connect program.

Thought Leadership on Frontier Technologies

The summit also featured keynote speeches from leading scientists and entrepreneurs.

Professor Lam Hon Ming, Distinguished Professor of Life Sciences at The Chinese University of Hong Kong, and Director of the State Key Laboratory of Agrobiotechnology shared insights on agricultural biotechnology and sustainability.

Professor Sirui Han, representing Professor Guo Yike, Chief Vice President of the Hong Kong University of Science and Technology and Director of the Hong Kong Center for Generative Artificial Intelligence Research and Development, discussed the evolution of large AI models and their transformative impact on life sciences.

Strengthening Cross-Border Innovation Bridges

Prior to the summit, Dalton Venture organized a closed-door dialogue with InvestHK and the Office for Attracting Strategic Enterprises (OASES), connecting over 30 Mainland biotech companies with Hong Kong’s innovation and policy resources. Discussions focused on leveraging Hong Kong as a springboard for global clinical development, regulatory pathways, and international fundraising.

Looking Ahead: Building a Global Innovation Network

Mr. Huang Ning, Founding Partner of Dalton Venture, concluded the summit by reaffirming Dalton’s commitment to empowering entrepreneurs and accelerating the globalization of life sciences innovation.

As innovation continues to reshape the life sciences sector, Dalton Venture remains dedicated to fostering a robust, interconnected ecosystem that links research, capital, and industry across borders — advancing healthcare for a better future.

CONTACT
Name: Lynn Ning
Email: ningx@daltonventure.cn

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SOURCE Dalton Venture

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