Rank Group reported a 5 percent increase in overall revenues to £216.1m, with both online and land-based gaming contributing to growth. Despite this, Rank, which closed three casinos last quarter, warned that a proposed increase in Machine Games Duty could lead to further casino closures.
Entain CEO Stella David anticipates that the Brazilian market will eventually reopen for betting operations. She confirmed that Entain is prepared to re-enter the market once it becomes available.
Kiron has launched 20 virtual sports titles with SportyBet across five African markets: Zambia, Kenya, Tanzania, Ghana, and Nigeria. This expansion includes virtual football, basketball, horse racing, and greyhound racing, providing scheduled entertainment for SportyBet players.
The SEC has cleared Cboe Corporate Options, indicating Wall Street's further move into event-based trading. This development occurs as sports prediction markets continue to face challenges from state regulators, with Kentucky cases now facing remand.
Bet365 has received a warning and a penalty fee from the Swedish gambling regulator, Spelinspektionen. The operator was fined SEK 40m and SEK 4m for violations related to customer care and other issues, but avoided a license suspension.
The Pennsylvania Gaming Control Board has renewed the Category 4 casino license for Live! Casino Pittsburgh. Since its opening in November 2020, the casino has generated $647 million in gross revenue.
A Swedish appeals court has affirmed fines and warnings issued against the operator of Bet365. The ruling cited delays and inconsistent intervention in cases involving problematic players as key reasons for upholding the penalties.
Stake has partnered with EveryMatrix to enhance its casino aggregation capabilities across regulated global markets. This collaboration allows Stake to access a diverse portfolio of casino content through a single integration, supporting its expansion.
The International Betting Integrity Association (IBIA) has protested Brazil's proposed online betting ban. IBIA warns that the ban could have significant negative impacts on sports integrity within the country.
Campeón Gaming has partnered with Bet on Alfa, marking its first B2B collaboration in Cyprus. Campeón Gaming will provide the technology platform for Bet on Alfa’s online operations, further expanding its presence in regulated markets.
Altenar has formally requested that competition authorities in Europe and the United Kingdom investigate Sportradar. This action stems from a complaint filed by Altenar against the sports data and technology company.
Rank's CEO stated that a rise in Machine Games Duty (MGD) would compromise venue viability, despite the company's strong start to the financial year. Mecca bingo halls saw a 3% decline in visits, while Rank's Spanish subsidiary reported a 7% like-for-like net revenue increase.
OpenBet has launched its next-generation sportsbook technology with Loterie Romande, the exclusive regulated sports betting operator for French-speaking cantons in Switzerland. The new sportsbook is live across digital channels, retail points of sale, and self-service betting terminals.
Pythia Sports has appointed Ben Hutton as its new Head of Trading. Hutton brings two decades of experience from Entain, where he led their international racing product, to enhance Pythia's horse and greyhound racing pricing, trading, and risk management services.
ICONIC21 has signed a multi-vertical partnership agreement with Advabet, also known as Adwa. This agreement will see ICONIC21's portfolio of slots, virtual games, and live casino content distributed across Advabet's operator network and B2C brands.
Sportradar has accused rival company Altenar of attempting to “inflame the news agenda” amid claims the legal dispute between the two has been taken to antitrust authorities in the UK and European Union (EU). Altenar and Sportradar are involved in a long-running dispute, with the former accusing the latter of breaching antitrust principles via its […]
Entain's Q3 online net gaming revenue (NGR) would have risen 5% despite a sudden online betting ban in Brazil. This performance suggests the company is doing well without the Brazilian market, as reported in their Q3 earnings. The FTSE 250 gambling multinational's financials indicate continued growth despite regional challenges.
The Massachusetts Gaming Commission is scrutinizing seven sportsbooks regarding their use of AI in promotions. This inquiry focuses on customer data utilization and safeguards against harmful betting practices.
Rank Group reported a 5% increase in net revenue for Q1, reaching £216.1m. The company's like-for-like digital net gaming revenue grew by 6% year-on-year to £64.9m, with growth observed across both its UK and international digital businesses.
The sector is debating the most effective argument against potential Machine Games Duty (MGD) hike threats, which could significantly impact the UK's gambling high street. Concerns are rising that internal divisions between bookmakers and adult gaming centers might weaken their collective stance against higher taxes.
Pennsylvania skill games are now illegal as the legislation deadline has expired. Local businesses across the state are reporting a loss of revenue due to these machines being prohibited.
Jalen Smith, a fixer in a college basketball scandal, has received a six-year prison sentence. Prosecutors aim to deter point shaving with this lengthy sentence as sports betting trials commence.
Inteliumlaw has introduced a new service designed to assist gambling operators and suppliers in securing gaming licenses within Ontario's regulated iGaming market. This end-to-end service aims to facilitate regulatory compliance and market entry for businesses in Canada, with plans for future expansion into other Canadian provinces.
Betaro has launched a new crypto slot data platform, offering over 8,800 free game demos. The platform provides performance data compiled from 460 million real-money bets across 21 crypto casinos, including RTP figures and records of significant wins for each slot.
BetMGM reported its adjusted EBITDA more than doubled in Q3, reaching $86 million, while net revenue grew 7% to $710 million. During the same period, average monthly active users saw a 3% decrease.