Germany loss reimbursements lawsuit to be sent to European court
The Federal Court of Justice of Germany (BGH) was due to hear whether unregulated operators should have to refund player losses earlier this month. However, the hearing was cancelled because the...
View ArticleRaketech names Svensson as permanent CEO
Svensson has been leading Raketech as acting CEO since Oskar Mühlbach stepped down as CEO in January. A co-founder of Raketech, Svensson was previously CEO of the group before stepping aside in 2017....
View ArticleGambleAware defends its position after “misleading and outdated claims”
In March, the Good Law Project submitted a complaint to the Charity Commission over how GambleAware spreads information. The Good Law Project accuses GambleAware trustees of not meeting the charity’s...
View ArticleReport: MLB opening betting investigation into ex-Angels infielder
But ESPN Friday (17 May) linked former Angels infielder David Fletcher and ex-minor leaguer Cody Shultz to the Southern California illegal betting ring. Monday morning, ESPN reported that MLB is...
View ArticleEntain considers Crystalbet sale as strategic review completes
The Entain board’s Capital Allocation Committee launched the review in January, looking at its portfolio of markets, brands and verticals. This, Entain said, was with the objective of maximising...
View ArticleHard Rock denies talks over possible Star Entertainment investment
Local reports in Australia yesterday (20 May) said Hard Rock was part of a group seeking to invest in Star. The Australian Financial Review suggested Star land-based casinos would rebrand all under...
View ArticleAllwyn to post €2bn quarterly revenue after becoming National Lottery licensee
In a trading update, Allwyn said gross gaming revenue (GGR) for the period to 31 March 2024 could be as high as €2.05bn. The lower range of €2bn is still almost $500m more than the Q1 figure during...
View ArticleSkyCity settles non-compliance case with New Zealand DIA
In February, the DIA announced it would file high court proceedings against SkyCity and its SkyCity Casino Management (SCML) subsidiary. This relates to alleged non-compliance with the country’s...
View ArticleHigh regulatory costs driving potential for M&A “boom” in Brazil
Brazil passed Bill 3,626/2023 to regulate sports betting and igaming on 21 December. President Luiz Inacio Lula da Silva then signed the bill into law later that month. The country is currently in the...
View ArticleUS April round-up: growth in Louisiana but New Hampshire declines
Players spent more on sports betting in Louisiana, which led to a rise in revenue. However, it was very much the opposite in New Hampshire in April, where the market shrank year-on-year. Starting in...
View ArticleLottery.com outlines growth plan after Q1 losses
The lottery technology broker posted revenue of just $285,523 (€262,000/£224,000) during the three months to 31 March 2024. This was less than half the $620,200 generated by Lottery.com during the...
View ArticleMichigan online gaming revenue drops 8.7% to $234.8m in April
March’s revenue figure of $257.1m was the highest total in Michigan so far in 2024, though comparably April’s numbers fell short. Nonetheless, April’s revenue total still beat January and February,...
View ArticleWest Flagler to SCOTUS: DoJ laid out why you should hear Florida wagering case
WFA argues that the 2021 Florida-Seminole Tribe compact explicitly allows for wagering outside of Indian Country. That allowance, it says, violates the Indian Gaming Regulatory Act (IGRA). Last week,...
View ArticleOperators jilt Massachusetts regulator in discussion about limiting bettors
As the MGC begins to learn about why and how operators set bet limits on players, the only operator representative was Justin Black of Bally’s Interactive. That platform is licensed, but not live in...
View ArticleBetter Collective CEO hails strong Q1 as revenue rises 8.1%
Growth in Q1 was driven by a rise in revenue from the core Publishing business at Better Collective. This is despite tough year-on-year comparisons in the US. Meanwhile, Paid Media revenue remained...
View ArticleAmericas aid Playtech’s B2B growth as dialogue with Caliplay continues
Published today (22 May), the update covers Playtech’s performance in the four months to 30 April. Playtech does not release quarterly financial results, instead opting to release updates...
View ArticleHorseracing Betting Levy Board expects record £105m in contributions
This contribution, both the BGC and HBLB say, will be £5m more than the previous financial year. It will also be the third consecutive year levy contributions have increased. This total is set to...
View ArticleAllwyn brings in former Bally’s executive Evans as new CTO
Evans replaces Tony Khatskevich, who is moving to an advisory role, working with the Allwyn board and CEO Robert Chvátal. An experienced executive, Evans joins Allwyn after five years as group CTO at...
View ArticleBelgian regulator to meet with licensee reps once a year under new measures
The amendments were published today (22 May) and reiterated by Belgium’s regulator, the Commission des Jeux de Hasard (CJH). The new measures will come into force on 1 June 2024. Under the new...
View ArticleMississippi sports betting revenue drops 8.8% to $3.1m in April
Sports betting revenue in Mississippi for April fell short of March’s figure of $3.4m, and was 27.9% down on the same month last year, when $4.3m in revenue was reported. Total handle for the month...
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