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    IG Group agrees $1.1bn Underdog acquisition to enter US prediction markets

    IG Group has agreed to acquire US sports company Underdog for $1.1 billion, marking a significant entry into the US prediction markets and sports gaming sectors. This acquisition is poised to converge retail trading, prediction markets, and sports gaming, allowing IG Group to expand into rapidly growing areas.

    Summary based on reporting by SBC News, which retains all rights to its text and images.

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    Aristocrat posts 13% earnings growth for 2025/2026 FY, returns $1.29 billion to shareholders

    Aristocrat posts 13% earnings growth for 2025/2026 FY, returns $1.29 billion to shareholders

    Aristocrat Leisure Limited reported a 13% increase in normalized earnings per share before amortization (EPSA) in constant currency for the 2025/2026 financial year ended September 30, 2026. The Australian gaming company generated normalized net profit after tax and amortization (NPATA) of A$1.58 billion. During the period, Aristocrat returned approximately A$1.9 billion ($1.29 billion) to shareholders through dividends and share buybacks.