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Rank Group sees profits soar as tech investment pays off
Rank, which owns Grosvenor Casinos and Mecca Bingo, said its performance was aided by inflation receding and disposable incomes improving in its core UK market. With all digital and land-based...
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Evoke talks up H2 prospects after disappointing first half
Evoke’s first half revenue came to £862m, in line with its July profit warning, down 2% year-over-year. Widerström said this was behind the operator’s initial plan, but insisted the underlying health...
View ArticleMGM enters joint venture with Grupo Global to launch BetMGM in Brazil
Grupo Global will provide access to its huge consumer network of approximately 70 million daily users across tv, digital, radio and print media. It is the largest media group in Latin America. Once...
View ArticleThai PM, who led the charge for casinos, removed for ethics breach
In a shocking turn of events Wednesday (14 August), Thai Prime Minister Srettha Thavisin was removed from office and charged with ethical misconduct. A Bangkok court ordered Srettha’s dismissal after...
View ArticlePortugal’s gambling trade group calls for action on illegal market
The Portuguese Online Gambling and Betting Association’s (APAJO) annual study revealed that 41% of all players use unlicensed gambling platforms. Among age groups between 18 to 34, that figure rises...
View ArticleMassachusetts operators hold 10.3% as Bally Bet makes debut
The state’s seven mobile operators and three retail operators combined for a 10.3% hold and handle was up significantly over July 2024. Bally Bet, BetMGM, Caesars Sportsbook, DraftKings, ESPN Bet,...
View ArticleNotre Dame suspends men’s swim programme, citing gambling violations
In a statement, the Notre Dame athletic director Pete Bevacqua said an independent investigation was launched after officials heard reports of potential misconduct. The investigation uncovered “deeply...
View ArticleGambling.com raises 2024 forecast after record quarter
In releasing its Q2 results for the three months to 30 June 2024, the affiliate marketing group said it now expects full-year revenue of $123m-£127m and adjusted EBITDA of $44m-£47m. In May, after the...
View ArticleAustralian anti-gambling group chases ad ban through shareholder activism
The Alliance for Gambling Reform (AGR) has joined activist share-trading platform SIX to attempt to influence policy at the media giants through a shareholder resolution. The move comes amid AGR’s...
View ArticleCasino expansions lift US Q2 GGR
The American Gaming Association (AGA) stated that casino expansions in states such as Illinois, Nebraska and Virginia drove the increase. This led to traditional casino GGR improving by 1.8% to...
View ArticleState of the Union: DraftKings’ missteps, Missouri ballot measure
DraftKings has ‘no excuse’ to consider surcharge ‘cash grab’ Less than an hour after Flutter’s second-quarter earnings call ended Tuesday, DraftKings announced that after hearing customer feedback, it...
View ArticleNGCB Resorts World probe connects casino with California wagering scandal
Resorts World employees allowed Mathew Bowyer to bet at the casino for more than 18 months despite some acknowledging that he was an illegal bookmaker. The casino’s anti-money laundering committee met...
View ArticlePortugal online gambling revenue hits record high in Q2, land-based declines
The Q2 total is marginally higher than the previous record of €260.8m, which was set in Q1 this year. Revenue for the three months to 30 June is also 27.2% higher than Q2 2023, according to Portugal...
View ArticleFilipino casino magnates among Top 10 on Forbes 50 Richest list
Some of the Philippines’ wealthiest businesspeople have built part of their empires on gaming. According to Forbes Asia’s annual “50 Richest” list, several casino magnates rank among the nation’s Top...
View ArticleSweden regulator warns Casino Cosmopol closure could raise illegal gambling risk
In May, Sweden’s government proposed discontinuing the Casino Cosmopol land-based casino business. The government said Casino Cosmopol “no longer fulfils its purpose” and noted ongoing challenges for...
View ArticleBrazil committee endorses harsher penalties for match-fixing
The bill is looking to amend Brazil’s General Sports Law. It was originally authored by representative Bandeira de Mello before representative Orlando Silva drafted a revised version. Current...
View ArticleWill a new tax and junk food cover Oz gambling ad ban shortfall for...
It goes as far as to suggest that a gambling ad ban would clear the way for other industries to advertise, citing junk food, banks and fossil fuel companies. The Australian Institute claims a 2% levy...
View ArticleWeekend Report: FBI takes action in DC and the “Drake Curse” strikes again
FBI takes DC Councilman Trayon White into custody DC Councilman Trayon White was arrested by the FBI on Sunday (18 August) afternoon, according to the City Paper. White will be charged on Monday (19...
View ArticleNew Jersey: Sports betting and igaming growth offset land-based decline in July
Total market revenue in July amounted to $547.8m (£423.4m/€496.7m) according to New Jersey Division of Gaming Enforcement figures. This is 8.2% more than $506.2m in New Jersey last year and also 11.6%...
View ArticleUS July round-up: sports betting growth in Louisiana, Kansas and Vermont
Summer lull hits Louisiana sports betting in July Starting in Louisiana, total handle in the state hit $184.5m, up 37.0% from last year but 13.0% less than June. Online accounted for $172.3m of all...
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