Yogonet

    Malta’s objection delays Austria’s gambling reform, tightens licensing timeline ahead of 2027 rollout

    Malta’s objection delays Austria’s gambling reform, tightens licensing timeline ahead of 2027 rollout

    Malta has filed an objection that extended the European Union’s notification period for Austria’s proposed gambling reforms until December 7. The delay prevents the Austrian government from ratifying the legislation to dismantle its online gambling monopoly until mid-December. Consequently, operators face a tighter preparation window ahead of the market's anticipated licensing rollout in 2027.

    Sporttrade secures CFTC registrations for sports event contract exchange

    Sporttrade secures CFTC registrations for sports event contract exchange

    Sporttrade has secured registrations from the US Commodity Futures Trading Commission (CFTC) for both its exchange and clearing operations. Under the approvals granted on October 30, 2026, Sporttrade DCM was designated as a Designated Contract Market, while Sporttrade DCO was registered as a Derivatives Clearing Organization. The designations permit the company to list sports event contracts and process clearing services via its own regulated infrastructure.

    Ninth Circuit rejects Kalshi's rehearing bid, leaving Nevada free to enforce gambling laws

    Ninth Circuit rejects Kalshi's rehearing bid, leaving Nevada free to enforce gambling laws

    The U.S. Court of Appeals for the Ninth Circuit has rejected Kalshi's petitions for a panel rehearing and a rehearing en banc regarding its dispute with Nevada gaming authorities. The decision upholds a prior ruling that permits state regulators to enforce local gambling laws against the prediction market operator. The original three-judge panel unanimously denied the bid, with no circuit judges requesting a full court review.

    Cirsa's nine-month profit jumps 35.9% ahead of Lottomatica merger vote

    Cirsa's nine-month profit jumps 35.9% ahead of Lottomatica merger vote

    Spanish gaming operator Cirsa posted a 35.9% increase in nine-month adjusted net profit to €202.1 million ($226.4 million), supported by a 10% revenue rise to €1.89 billion ($2.12 billion). Adjusted EBITDA grew 9.3% over the period, despite elevated promotional spending and unfavorable sporting margins impacting online betting operations. The performance update precedes an upcoming shareholder vote on the company's proposed merger with Lottomatica.

    Gambling Commission finds 4% of online gamblers used illegal websites in Great Britain

    Gambling Commission finds 4% of online gamblers used illegal websites in Great Britain

    The Gambling Commission has estimated that 4% of online gamblers in Great Britain used illegal gambling websites over a 12-month period, according to findings from the latest Gambling Survey for Great Britain. The data, collected between April 2025 and April 2026, was published alongside an updated Illegal Gambling Data Dashboard tracking consumer engagement with unlicensed operators.

    Melco Q3 revenue falls 10.4% to $1.17 billion amid Macau slowdown

    Melco Q3 revenue falls 10.4% to $1.17 billion amid Macau slowdown

    Melco Resorts & Entertainment reported a 10.4% year-on-year decline in third-quarter operating revenue to $1.17 billion, down 6.4% sequentially from Q2. The downturn was driven by softer gaming demand across Macau, which negatively impacted rolling chip, mass-market table games, and non-gaming verticals. In addition, the operator's Adjusted Property EBITDA dropped 24.4% compared to the prior-year period.

    Flutter Entertainment cuts 2026 outlook after $1.15B Q3 loss, plans $500M in cost savings

    Flutter Entertainment cuts 2026 outlook after $1.15B Q3 loss, plans $500M in cost savings

    Flutter Entertainment has revised its full-year 2026 outlook downward after posting a $1.15 billion net loss in the third quarter, citing adverse sports results and regulatory restrictions in Brazil. The company trimmed its annual revenue midpoint to $17.61 billion and adjusted EBITDA forecast to $2.49 billion. To offset the downturn, the operator plans to execute $500 million in cost-saving measures.

    Nebraska voters reject online sports betting despite more than $20M operator campaign

    Nebraska voters reject online sports betting despite more than $20M operator campaign

    Nebraska voters have rejected Initiatives 440 and 441, defeating an effort to legalize and regulate online sports betting despite more than $20 million spent on the operator campaign. The constitutional amendment failed by a margin of 55% to 45%, according to unofficial election returns. As a result of the vote, sports wagering in the state remains strictly limited to in-person betting across five commercial casinos.

    Brazil's betting ban faces questions over tax revenue, jobs and illegal gambling at Supreme Court hearing

    Brazil's betting ban faces questions over tax revenue, jobs and illegal gambling at Supreme Court hearing

    Brazil’s Supreme Federal Court has held a public hearing addressing the government’s ban on fixed-odds sports betting under Provisional Measure 1.394/2026. Industry stakeholders, sports bodies, and public officials debated the broader economic ramifications, raising concerns regarding lost tax revenue, job cuts, and the potential surge in unlicensed gambling activity.

    Northeast Indiana voters reject casino referendums in Allen, DeKalb and Steuben counties

    Northeast Indiana voters reject casino referendums in Allen, DeKalb and Steuben counties

    Voters across Allen, DeKalb, and Steuben counties in northeast Indiana have rejected referendums proposing to authorize commercial inland casino gambling. Under current state law, the defeat of the ballot initiative prohibits these specific counties from holding another gaming referendum in the future. The measure faced broad opposition, with nearly 65% of participating voters rejecting the proposal in DeKalb County.

    Play’n GO launches GO Momentum promotional platform for casino operators

    Play’n GO launches GO Momentum promotional platform for casino operators

    Play’n GO has launched GO Momentum, a promotional platform combining several player engagement tools for licensed casino operators, with additional features scheduled for introduction in 2027. The platform is available to the company’s operator partners in regulated markets and initially includes three products: GO Rewards, GO Jackpots and GO Drops. A fourth product, GO Tournaments, is expected...

    PointsBet posts 16% first-half revenue decline as Australian betting weakens

    PointsBet posts 16% first-half revenue decline as Australian betting weakens

    PointsBet reported a 16% decline in first-half revenue to A$112.7 million ($78.5 million) for the six months ended September 30, driven by weaker sports betting performance in Australia. Normalised EBITDA shifted to a loss of A$6.9 million ($4.8 million), down from a A$2.9 million profit in the prior-year period. Despite the downturn in its domestic market, the operator continued to progress its expansion in Canada.

    Sri Lanka targets December 31 for gambling rules amid tax revenue concerns

    Sri Lanka targets December 31 for gambling rules amid tax revenue concerns

    Sri Lanka’s Gambling Regulatory Authority has established a December 31 deadline to introduce new regulations governing land-based casinos and online gambling. The measure follows scrutiny from Parliament’s Committee on Public Finance regarding uncollected tax revenues and the prevalence of unregulated foreign-linked online platforms. The finalized framework aims to strengthen state oversight and recover missing revenue across the domestic market.