Candle Lake, an investment entity, has triggered a mandatory takeover offer for Evolution shares after increasing its stake to nearly 32%. If the offer is accepted, Candle Lake intends to delist Evolution from Nasdaq Stockholm. This move could significantly alter the ownership and public status of a major iGaming supplier.
A Rokker white paper reveals that only 20% of UK prize draw operators have adopted a voluntary code of conduct, highlighting a significant lack of self-regulation in the sector. This comes amidst broader regulatory uncertainty, particularly after HMRC confirmed that prize draws will not be exempt from VAT.
Q2 financial results show mixed performance for major iGaming operators in Latin America, with Flutter and Entain reporting varying fortunes in Brazil. While RSI saw strong growth in monthly active users, Entain indicated it would not overspend in the competitive Brazilian market.
The Saratoga Conference discussed significant industry topics, including potential reforms for horse racing's Triple Crown, a lawsuit filed against prediction market Kalshi, and an investigation into betting activities at Far Hills. NBC's Steve Kornacki was a prominent speaker at the three-day event.
Entain's H1 growth was significantly driven by its Australian operations, while CEO Stella David and Michael Snape emphasized the strategic decision to exit the Central and Eastern European (CEE) market. This exit aims to de-lever the company and return capital to shareholders, indicating a major financial restructuring and strategic focus shift.
The UK Gambling Commission reported that a pilot scheme testing financial risk assessments was hindered by operators' poor identity verification processes. This issue emerged as the Commission prepares to publish the full data from the pilot in September, indicating a potential need for stronger ID checks in future regulatory frameworks.
Rank Group reported higher underlying profits in FY'26, driven by strong digital growth, despite facing increased tax and regulatory pressures in the UK. The CEO highlighted that anti-gambling campaigns are negatively impacting the UK casino sector, suggesting broader industry concerns beyond their financial performance.
This article analyzes IG Group's significant $1.3 billion acquisition of Underdog, highlighting the strategic move into prediction markets and its implications for navigating US regulation. The deal represents a major bet on the future of event-trading platforms and Jeremy Levine's vision for Underdog's expansion.
Italian football club SS Lazio has terminated its sponsorship deal with Polymarket, a US-based prediction market platform, following regulatory action in Italy. The decision came after Italian regulators blocked access to Polymarket's platform, invalidating the sponsorship agreement signed in April for an undisclosed sum.
Wynn Resorts has confirmed that its Wynn Al Marjan Island resort in the UAE will now open in September 2027, a six-month delay from its initial schedule. This marks the company's first beachfront destination globally, and construction is progressing well. The resort is significant for potentially introducing casino gaming to the UAE.
Vicky Foxcroft has been appointed the new Gambling Minister, succeeding Stuart Andrew. Her past voting record indicates support for significant reforms, including high-street gambling venue changes, a statutory levy, and banning gambling ads during live sports.
Tabcorp executives revealed that BetMakers was chosen for their technology overhaul due to its newer, cloud-based systems, offering the 'lowest risk' and 'cheapest' option. A new joint team will manage the integration of BetMakers' tech with Tabcorp's operations.
Evoke's H1 revenue was negatively impacted by increased taxes in the UK, as the company prepares for its impending takeover by Bally's Intralot. The UK tax rises have created headwinds for Evoke amidst the acquisition process.
A new study indicates that Brazil's illegal betting market share decreased in the first half of 2026, though clandestine platforms continue to hold a substantial portion of online wagering. This trend suggests a potential shift towards regulated channels as the market evolves.
Kenya's gambling regulator has received a High Court ruling allowing it to proceed with the licensing process and its oversight duties. This decision comes despite a substantive judicial review being set for judgment in October, providing clarity for operators in the market.
UK Prime Minister Rishi Sunak announced plans to scrap the 'aim to permit' policy for betting shops, requiring them to seek planning approval for new locations. This change, which also extends to adult gaming centres, comes amidst continued closures in the sector and follows the Prime Minister's negative characterisation of such businesses.
Following a UK gambling tax hike, operators are re-evaluating their B2B supplier contracts, impacting the business models and profitability of gaming technology and content providers. This shift forces suppliers to demonstrate greater value to maintain partnerships in the adapting landscape. The article explores how this tax increase is hurting B2B suppliers by putting pressure on their agreements with operators.
A study projects Brazilian families will lose $12.5 billion to gambling in 2025, with 41% to 51% of the market attributed to illegal, unlicensed websites. This highlights the substantial economic impact and the prevalence of the unregulated market in Brazil.
Bally's has voluntarily paused construction on non-gaming aspects of its Chicago casino due to concerns over the potential impact of video gaming terminals (VGTs) on the casino's revenue. The company is evaluating how VGTs might affect its financial projections for the permanent casino site.
Glasgow has received a significant grant to launch 'The Glasgow Project,' an initiative aimed at combating gambling-related harms within the city. This funding will expand the efforts of Glasgow's existing gambling harms group, as the economic cost of these harms in the city is estimated to exceed £15 million annually.
Tabcorp is set to acquire BetMakers in a A$267 million deal. This acquisition follows earlier informal discussions between the two companies that did not progress at the time.
Uganda has removed a tax exemption for land-based casinos, making them subject to a 15% tax on net winnings. This change aligns the taxation of land-based casinos with the existing online gambling sector in the country.
Flutter is looking to challenge Lottomatica for the leading position in Italy's online gambling market. Analysts are assessing whether Flutter's strategy for its SNAI brand can propel it to the top, intensifying the competition in what is becoming a two-horse race.
Authorities in South Yorkshire, in partnership with the Gambling Commission and local police, seized over £110,000 in cash and gold during a raid on an illegal gambling den. This operation is part of a broader crackdown, with similar raids recently conducted in Manchester and Bristol, highlighting ongoing efforts against unlicensed gambling activities.
DraftKings announced a strategic focus on prediction markets for the upcoming fall season, aiming to outperform competitors. This follows their mixed Q2 earnings report, where the company outlined its proactive approach to market dominance.