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Australian government expected to water down “Murphy’s law” gambling ad ban
Reports suggest a watered-down version of the originally proposed gambling ad ban, known as “Murphy’s law” after late MP Peta Murphy, is likely. The government is to implement a cap of two gambling...
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Gambling stocks battered as part of global sell-off
Several major indices around the world cratered amid fears of a slowing US economy. Last week’s employment report was much weaker than analysts predicted. Monday’s performance was largely attributed...
View ArticleNJ regulator orders Bet365 to pay bettors $519,000 after unapproved odds’ shifts
All states do not require operators to get approval before shifting odds. Also unusual is that Bet365 must pay the bettors rather than a fine to the DGE. In many cases in New Jersey and other states,...
View ArticleFull Nassau County legislature approves 42-year lease for Las Vegas Sands
The legislature was not specifically considering LVS’ proposed casino plan when it voted. And the company still needs state approval to build a casino resort. But the vote is a necessary step toward...
View ArticleThailand building “fun economy” with casinos to speed Covid recovery
In 2019, foreign visitors represented about 60% of total tourism spend in Thailand, or 2.204tn baht. Covid-19 made quick work of those revenues. And the Southeast Asian paradise has yet to fully...
View ArticleWynn considers Thailand move as UAE integrated resort progresses in Q2
Speaking in a post-Q2 earnings call, Billings responded positively to a question about Wynn moving into Thailand. This week, the country’s government published draft rules for legal casinos in the...
View ArticleCodere Online CEO believes Spanish government will reinstitute ad controls...
The Supreme Court rolled back multiple restrictions on Spanish licensees in April this year. This meant operators could market to players who have held an account for less than 30 days, while the ban...
View ArticleEurojackpot cycles help Zeal Network record 70% customer increase in H1
Group revenue amounted to €76.8m (£66.1m/$83.9m) in H1. This is comfortably clear of the €54.8m reported by Zeal in the opening six months of 2023. Revenue growth, Zeal said, was primarily down to a...
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Entain wants Sportingwin to retire domain over Sportingbet similarity
Entain claims Sportingwin’s brand is too similar to Sportingbet and therefore infringes on its trademark according to court documents. Its trademark was approved in 2020 when the Bulgarian operator...
View ArticleNew casino launches help Full House grow revenue in Q2 but costs hit bottom line
Revenue for the three months to 30 June at Full House hit $73.5m (£57.8m/€67.3m). This is 23.7% more than Q2 last year at Full House, with casino driving the increase. Casino revenue was 20.5% higher...
View ArticleBrazil casinos and gaming senate vote could be delayed until October
On 19 June the Justice and Citizenship Commission approved PL 2,234/2022 by 14 votes to 12 paving the way for Brazil casino regulation. It was then expected to be voted on by the senate plenary after...
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Super Group has “strongest quarter ever” as Q2 revenue hits €414.7m
Revenue for Betway was up 7.6% year-on-year in Q2 to €246.3m, with the brand performing particularly well in Africa and Middle East (€152.8m). Europe was the brand’s second best region as revenue hit...
View ArticleBetsson, Galera.bet and F12 file Brazil betting applications as submissions...
There is less than two weeks until the government’s 20 August initial submission deadline, which guarantees applicants in the first wave will receive a licence by the market launch date. Betsson,...
View ArticleNew AML law frees Singapore casinos to share patron data
Singapore has tightened its AML and counter terrorism financing (CTF) controls with new legislation enacted 6 August. It works in part by allowing the city’s two casinos to trade consumer data,...
View ArticleCEE and international growth offsets UK & Ireland decline for Entain in H1
NGR at Entain in H1 hit £2.56bn (€2.97bn/$3.25bn). This excludes US operations from its 50% stake in BetMGM, the joint venture it shares with MGM Resorts International. Of this total, £1.79bn came...
View ArticleEuros and icasino drive Denmark gambling revenue up 37% in June
Revenue in June was comfortably clear of the DKK513m reported in Denmark last year. The total reported by Danish regulator Spillemyndigheden comprises gambling revenue from sports betting, online...
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Q2 marks 13th straight quarter of revenue growth for Light & Wonder
Q2 is Light & Wonder’s 13th straight quarter of year-on-year consolidated revenue growth with the total hitting $818m (£644.1m/€747.8m) over the three months to 30 June. It’s also the eighth...
View ArticleEntain makes Brazil and UK central to turnaround plans
Speaking during the operator’s interim results presentation today (8 August), Entain chief commercial officer and president Sameer Deen said winning in the two territories was necessary for the group...
View ArticlePenn Entertainment beats expectations with lower ESPN Bet loss but Q2 revenue...
Penn Entertainment group revenue in the three months to 30 June was down 0.7% to $1.66bn. Gaming revenue – including interactive – was 3% higher but food, beverage, hotel and other revenue slipped...
View ArticleEndeavor puts OpenBet and IMG Arena up for sale
While it looks for a buyer, OpenBet and IMG will continue operating as usual, the operator said in its Q2 results on 8 August. ‘Held for sale’ suggests a sale is highly likely within a year. The news...
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