City analysts from Bank of America and Deutsche Bank's Numis subsidiary view IG Group's acquisition of Underdog as a significant, potentially transformative deal despite carrying material risks. They highlighted the symbiotic value to IG Group while acknowledging potential valuation challenges.
The UK Gambling Commission has elevated the money laundering and terrorist financing risk for the UK gaming software sector to 'medium.' This increased threat level stems from the Commission's ongoing efforts to combat the growing black market in the gambling industry.
The iGaming industry is seeing a shift in platform evaluation, moving beyond just cost and features to prioritize operational expertise. As markets become more competitive, operators need providers that can offer strategic support and efficient operations for expansion and sustained success.
Betfred is closing over 130 retail betting shops, attributing the decision to increased taxes imposed by HM Treasury. The Treasury denies fault, leading to a public dispute between the betting industry and the government over the impact of fiscal policies on retail operations.
Sportradar announced a 19% year-on-year revenue increase to €378m in Q2 2026, driven by new partnerships with prediction markets Polymarket and Kalshi. Despite this growth and a 19% rise in Adjusted EBITDA to €76m, the company recorded a €4m loss for the quarter.
Romania has implemented a new tiered tax system on customer winnings from gambling, effective August 1, 2026. This measure is part of a broader fiscal program by the government to tackle the country's significant budget deficit.
Betsson has finalized its €64.5m acquisition of Rhino Entertainment Group's B2C operations in Canada, a deal initially announced in March. This strategic move includes Rhino's assets, licenses, and personnel, significantly expanding Betsson's presence in the Ontario market and strengthening its B2B technology portfolio.
This article reviews the stock performance of several major gambling PLCs in July, highlighting positive movements for Playtech and Evolution. It also notes that MGM's actions are impacting Entain's progress, likely in relation to their joint ventures or acquisition talks.
This article reviews the stock performance of major gambling PLCs in July, highlighting positive movements for Playtech and Evolution, while noting that MGM's actions impacted Entain's progress. It provides an overview of key financial shifts within the industry during the Q2 and H1 reporting period.
Cyprus saw an 8% year-on-year growth in regulated betting turnover, reaching over €1.3 billion in 2025. Panagiotis Trisokkas, President of the Cypriot National Betting Authority, emphasized the need for smart supervision and a forward-thinking regulatory strategy to sustain this growth.
Flutter Entertainment has officially delisted its shares from the London Stock Exchange (LSE) as of August 3rd, marking the end of nearly three decades of trading in London. This move follows the company's previously announced decision to prioritize its US listing.
Italian Prime Minister Giorgia Meloni has rejected the final terms for reorganizing Italy's land-based gambling sector, leaving the industry in continued uncertainty. This decision follows a two-year negotiation breakdown between the Ministry of Economy and Finance and regional authorities regarding a long-awaited retail reorganisation.
Norway's state gambling monopoly, Norsk Tipping, is facing growing criticism, with a recent political comment highlighting nearly two decades of anti-monopoly sentiment. This makes Norway poised to become the last country in Europe with such a system amidst ongoing debate about its future.
Betfred plans to close approximately 10% of its 1,200 retail betting shops in the UK due to challenging fiscal and regulatory conditions, including increased gambling taxes. This move will result in the closure of over 100 premises.
As the 2026/27 Premier League season approaches, Sunderland AFC and Nottingham Forest FC are still seeking new main sponsors, three weeks before the ban on front-of-shirt gambling sponsorships comes into effect. Both clubs previously had gambling companies as their primary shirt sponsors, highlighting the impact of the new regulations on their commercial strategies.
Spanish gambling group CIRSA achieved its 72nd consecutive quarter of growth in Q2 2026, driven significantly by the early stages of the World Cup. The company reported a 10.1% year-on-year increase in net revenue to €637m, with adjusted net profit soaring by 55% to €75m.
This article discusses the evolving regulatory landscapes in the British and Dutch betting markets, highlighting the ongoing changes and new frameworks being implemented by policymakers and regulators across Europe. It suggests that industry stakeholders are well aware of significant shifts occurring within these key gambling jurisdictions.
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.
Romania's gambling regulator, ONJN, is facing continued scrutiny and a new controversy involving its Deputy Director General, Ana-Maria Badea. This marks another instance of internal issues for the regulatory body, further eroding public and industry trust.
SBC News features an article by Covers.com's Ryan Butler discussing how the evolving landscape of regulated markets is changing sportsbook promotions. The piece highlights a shift from focusing solely on acquisition to prioritizing player retention through these promotional offers.
The Court of Appeal has rejected The New Lottery Corporation and Northern & Shell's request to appeal the High Court's decision, effectively ending Richard Desmond's legal challenge against Allwyn UK and the Gambling Commission regarding the fourth National Lottery licence. This ruling solidifies Allwyn UK's position as the operator of the National Lottery and closes a significant period of litigation for the Gambling Commission.
BETBY has secured a partnership with platform provider NGX to integrate its sportsbook solution, significantly expanding its presence and distribution within Brazil's regulated betting market. This deal enhances BETBY's reach across Latin America, leveraging NGX's platform to offer its sportsbook technology to Brazilian operators.
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.
Simon Westbury, Chair of 1xCare, has issued an open letter to the global iGaming industry, advocating for a shift from passive compliance to independent governance in player protection. He argues the sector traditionally viewed responsible gambling as a mere CSR exercise, an approach that is no longer sustainable.
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.