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.
Codere Online reported record quarterly results, significantly exceeding expectations, driven by the recent World Cup. As a result of this strong performance, the company has raised its full-year guidance for 2026.
Spanish gaming and leisure group CIRSA reported a record-breaking second quarter in 2026, with operating profit exceeding €200m for the first time, reaching €202m. This represents an 8.3% year-on-year increase, while operating revenue grew by 10.1% to €637m, driven by organic growth and disciplined investment.
MGM Resorts reported strong Q2 financial results, achieving new revenue records. This positive performance comes as the company continues to evaluate an $18 billion takeover bid from Barry Diller's IAC.
MGM Resorts International announced record consolidated revenues of $4.5 billion for Q2, driven by strong performance in Las Vegas and a significant surge in its Macao business. This marks a 1% year-on-year increase in quarterly consolidated revenues, with Las Vegas Strip revenues up nearly 5%.
Lottery.com is transitioning to an affiliate-only business model under SEGG Media. This strategy aims for the company to partner with licensed lottery operators globally in regulated markets, signaling a significant shift in its operational approach.
Galaxy Entertainment's chairman, Francis Lui, reveals a 'parallel strategy' for Macau, focusing on both high-end gaming and mass-market tourism. This approach aims to diversify Macau's entertainment offerings beyond traditional VIP gambling.
Codere Online increased its full-year 2026 outlook following a record second quarter, where net gaming revenue grew 27% to €69.4 million and adjusted EBITDA more than doubled to €5.8 million. Spain contributed €27.6 million to the total revenue of €64.4 million for the quarter.
French national lottery FDJ is considering a review of its Kindred online betting business's market presence, following earlier plans to turn around its UK operations. This strategic evaluation could lead to withdrawals from certain markets, impacting its international online betting footprint.
BetMakers reported a strong Q4 with revenues up 9.4% to AUD $24.2m, driven by new digital customer rollouts and commercial agreements. The ASX-listed B2B betting tech provider is focused on growth discipline and its long-term financial goals.
MGM Resorts International plans to leverage profits from its European operations by 2027 to finance investments in emerging global markets, such as Brazil. This strategic move was highlighted during their Q2 earnings report, which also provided updates on its BetMGM joint venture.
Churchill Downs Inc. reported record second-quarter net revenue of $980 million and Adjusted EBITDA of $477 million, marking increases of 5% and 6% respectively year-on-year. This strong financial performance was primarily attributed to the success of the Kentucky Derby Week.
Churchill Downs Incorporated is set to acquire the remaining 49% stake in United Tote from NYRA Content Management Solutions, regaining full ownership of the pari-mutuel wagering technology provider. This acquisition is expected to finalize around August 5th, pending standard closing conditions.
FDJ United experienced a 4.5% year-on-year revenue decline to €1.782bn in H1 2026, primarily due to challenging market conditions in the UK and Netherlands. Gross Gaming Revenue (GGR) also saw a 1.3% dip during the same period.
MGM Resorts International achieved a record $4.45 billion in Q2 revenue, a 1% year-on-year increase, driven by strong performance in Las Vegas and its digital sector. This growth helped mitigate a softer financial showing from MGM China, with net income surging to $292 million.
Rush Street Interactive (RSI) announced strong financial results for the second quarter of 2026, leading the company to raise its full-year guidance. This positive performance indicates continued growth and profitability for the iGaming operator.
BetMGM reported stagnant sports betting growth and a 3% drop in active monthly users for Q2, leading to an expected delay in reaching its $500 million Adjusted EBITDA target. The company attributed some of these challenges to the impact of prediction markets.
Athens is set to open two major integrated casino resorts, the Hard Rock Integrated Resort Complex and the Voria project, by summer 2029. These developments mark a significant expansion of the casino industry within the metropolitan area. The larger Hard Rock project is a 1.2 billion euro investment.
CreditSights reports that Wynn Macau is prioritizing growth investments, specifically the $950 million expansion of Wynn Palace, over reducing its debt. This strategy follows the Macau government's approval of 'The Enclave at Wynn Palace' project, which includes a new hotel tower and entertainment facilities.
Lottomatica CEO Guglielmo Angelozzi believes Italian investors underestimate the company's value, despite significant shareholder returns and a decade of continuous growth. The company reported strong H1 2026 interim results, reinforcing its consistent financial performance.
Caesars Entertainment reported Q2 net revenue of $2.99 billion, a 3% increase year-on-year, driven by strong regional casino performance. The company also reduced its net loss to $62 million as it moves towards its acquisition by Fertitta Entertainment.
Antoine Jouteau has been appointed as the new CEO of Banijay Gaming, the owner of major betting brands Betclic and Tipico. This leadership change follows a period of significant international expansion for Banijay Gaming, including the recent acquisition of German market leader Tipico.
BC.GAME has expanded its presence into the regulated Ghanaian market, marking a significant step in its African growth strategy. This move positions the company in one of the continent's rapidly developing iGaming jurisdictions.
Caesars Entertainment reported mixed Q2 results, with Las Vegas operations performing softly while other segments showed solid performance. These are the first quarterly results for Caesars since its acquisition of William Hill.
Caesars Entertainment reported GAAP net revenues of $3.0 billion for the second quarter ended June 30, 2026. These results provide an update on the financial performance of a major iGaming and betting operator.