Overseas growth pushes Groupe Partouche revenue up to €173.7m in Q2
Revenue in Q2 – covering the three months to 30 April – was ahead of €169.1m in the same period last year. Groupe Partouche noted growth across both its casino and hotel operations during the quarter....
View ArticleGenius Sports pens sports integrity partnership with IBIA
Genius will become an associate member of the IBIA. The deal will involve Genius and IBIA sharing information on sports integrity, establishing a “powerful alliance”. The partnership will give IBIA...
View ArticleState regulators tell illegal gambling operator to back off or face legal action
Since the US Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018, a key goal for legal US stakeholders is stamping out the black market. The federal government in 2020...
View ArticleDC sports betting: Open, competitive market coming? It sure looks like it
The decision to open the market was not without controversy. An amendment that would have removed the new sports betting plan was defeated, 4-9, after heated discussion. Two key issues around DC...
View ArticleTabcorp ordered to pay AU$370,417 over underage gambling in Victoria
The Victoria Gambling and Casino Control Commission (VGCCC) announced charges against Tabcorp in May 2023. This related to allowing a 17-year-old to gamble on multiple occasions between May 2022 and...
View ArticleVaideBet terminates record sponsorship of Corinthians amid corruption...
In January, Corinthians announced it had agreed a BRL370m (£59.8m/€69.4m/$75.9m) sponsorship deal with VaideBet. The operator was to become its front-of-shirt sponsor for the next three years. The...
View ArticleEntain investors seeking £100m compensation in Turkish corruption case
On Wednesday (11 June) law firm Fox Williams announced it was seeking to recover more than £100m in compensation for the operator’s institutional investors. The claim, which will be filed by autumn...
View ArticleDC betting handle rockets 450% in FanDuel’s first full month
In its first full month of operation in Washington DC FanDuel reported it had taken $29.7m in bets during May, some 450.0% more than the $5.4m wagered in the same month last year with previous...
View ArticleIndiana betting handle falls again in May despite Caitlin Clark’s arrival at...
Handle in May was 8.2% behind the $393.9m wagered in April. However, the total was up 27.6% from the $283.4m bet in Indiana during May last year. As has been the case for some time, basketball was the...
View ArticleCrystal Palace and Wolves score Net88 and DEBET as shirt sponsors
Crystal Palace will feature Asian operator Net88 on the front of its shirt for the 2024-25 Premier League season. Premier League rival Wolves will be working with Southeast Asian gambling brand DEBET...
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Swedish regulator appeals annulment of Zimpler injunction
In July 2023, Spelinspektionen ordered payment provider Zimpler to halt working with unlicensed operators in the Swedish market. Swedish regulator Spelinspektionen has warned payment provider Zimpler...
View ArticleJamie Hart joins tech consultancy to support operator integration woes
Former UK Tote product director and UK industry veteran Jamie Hart is seeking to streamline integration efforts for operators in his newly established role as head of gambling at UK technology...
View ArticleNSW government mulls Tabcorp proposal to increase POC tax to 20%
Wagering operators active in NSW currently pay POCT at a rate of 15%. However, Tabcorp is proposing the government implements the rise to bring NSW in line with other states that charge 20%. Both...
View ArticleLight & Wonder approved for $1.00bn share repurchase programme
The repurchase programme is effective immediately and runs through until June 2027. This has been approved by the Light & Wonder board. Light & Wonder’s existing programme to repurchase up to...
View ArticleSports Handle report: 59% of sports bettors wager daily, novelty markets...
On Wednesday (12 June), B2B sportsbook provider Betsson, in partnership with GambleID and Sports Handle, released results of a market report. The report revealed that over half of US bettors place...
View ArticleCodere cuts debt by €1.2bn in recapitalisation agreement
Spanish operator Codere has said it will undergo a recapitalisation agreement to reduce its corporate debt by €1.2bn to €128m and add €60m in new financing. A statement by the group said the move to...
View ArticleState of the Union: A look back at the week that was in North America
DC Lottery chief resigns, takes new job Connecticut Washington City Paper reporter Alex Koma broke the news that DC Lottery Office of Lottery and Gaming chief Frank Suarez resigned. Suarez has...
View ArticleUS May round-up: Kansas sports betting growth, Detroit casino revenue rises
Sports betting revenue in Kansas was 10.1% higher at $9.8m (£7.7m/€9.1m) in May. As for Detroit, revenue from land-based casinos increased 7.2% to $113.2m. Beginning the analysis in Kansas, despite...
View ArticleBet365 gaining NJ market share as May statewide betting handle rises 8%
The UK-headquartered operator reported year-to-date betting revenues of $16.6m for the month, coming in at fifth place behind BetMGM with $26.7m, PointsBet’s $88.3m, DraftKings’ $123.1m and FanDuel’s...
View ArticleGiG to acquire SEO specialist Titan for €3.2m
GiG will pay an initial €1.0m upon closing, with €1.0m due after 12 months and €1.2m after 24 months. The group expects to complete the acquisition of Titan in July. Describing the purchase as a...
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