Playtech signals end to Caliplay dispute as new deal emerges
The two parties have been at each other’s throats for some time now regarding a dispute over unpaid fees. This related to uncertainties over Caliplay holding an option to redeem additional services...
View ArticleBrazil bank federation chief wants credit card betting ban brought forward
Normative Ordinance No 615, published back in April, stipulates using credit, crypto, cash, payment slips or cheques is to be prohibited. Only electronic money transfers will be permitted for...
View ArticlePlaytech raises 2024 EBITDA forecast on strong B2B gains
However, Playtech did say in March it sought a medium-term B2B adjusted EBITDA of €200m-€250m and a B2C target of €300m-€350m. Playtech B2B performing well The group said its B2B division “performed...
View ArticleAustralia’s online gambling turnover soars 166% in 2022-23, says Queensland...
Online gambling turnover increased 165.7% year-on-year to $75.4m, accounting for 31% of the country’s total gambling turnover. Online turnover per capita was $397.5. Published by the Queensland...
View ArticleWeekend Report: Caesars launches retail betting in Maine; talk of...
Caesars first to launch retail sports betting in Maine First off, Caesars has become the first to operator to roll out retail sports betting in the state of Maine. The Portland-based Oddfellahs...
View ArticleUS betting revenue round-up: New Illinois tax structure, Indiana, Iowa, West...
Starting in Illinois, July was the first month of new tax rules in Illinois. The previous 15% flat AGR rate was replaced by a sliding scale, ranging from 20% to 40%, depending on handle. Despite...
View ArticleTable-game maker Interblock acquires Zuum
The acquisition of Zuum, which supplies ETG products in Class II and Class III markets in North America, “will enable Interblock to deliver a broader range of innovative and cost-effective gaming...
View ArticleFrench Competition Authority approves FDJ’s Kindred acquisition, despite...
In its report on the Kindred deal, the Competition Authority expressed concerns over FDJ promoting and cross selling Kindred’s products to monopoly customers, as this could increase player risks. FDJ...
View ArticleMalaysia’s Muslim party aims to shutter Genting’s flagship property
An Islamic political party has vowed to close Resorts World Genting if it wins the next general election in Malaysia, Fortune Asia reported Monday (16 September). Parti Islam SeMalaysia (PAS) now...
View ArticleIllinois regulator tightens wagering and casino advertising rules
The Illinois Gaming Board (IGB) Thursday (12 September) voted in more strict measures around wagering, casino advertising and video gaming. The new guidelines mirror those in Massachusetts and Ohio....
View ArticleICO investigates Sky Bet for unlawfully processing player data
The ICO found Sky Bet had used cookies to collect player data and share it with various marketing platforms before players were able to provide their consent and opt in or out of advertising cookies....
View ArticleNew Jersey: Record igaming revenue drives growth in August
Total revenue for August reached $555.1m (£420.0m/€498.7m). This is ahead of $531.6m in New Jersey last August and also 1.3% more than $547.8m in July this year. Without doubt, the stand-out figure...
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Flutter to acquire Snaitech from Playtech in €2.3bn deal
Announced this morning (17 September), the deal will see Flutter take 100% ownership of the Snaitech business. The agreement is expected to complete by Q2 of next year. Confirmation of the acquisition...
View ArticleANJL refutes controversial claims Brazilian bettors sacrifice medical and...
The betting trade body is seeking to refute recent claims that bettors are sacrificing spending on necessary purchases like clothes, food and medication to fund their gambling habits. The letter...
View ArticleFanDuel dominated Washington, DC wagering in August
Washington, DC also has four in-person only sportsbooks and the eight combined to take $40.6m in bets, the highest in history according to the Office of Lottery and Gaming (OLG) report. The group had...
View ArticleCFTC: Lower court made several errors in allowing Kalshi’s US political futures
On 12 September, Judge Jia Cobb from the US District Court for the District of Columbia Circuit ruled that the Commodity Futures Trading Commission (CFTC) “exceeded its statutory authority” when it...
View ArticleAmid rumours about mass grave, Philippine president prepares executive order...
Philippines Offshore Gaming Operations (POGOs) were introduced in 2016 under former president Rodrigo Duterte. They offered online games to players outside the country, especially in mainland China....
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GiG bullish on US sweepstakes opportunity as it prepares platform spinoff
As it presented plans for the newly spun-out platform business to investors this week GiG outlined plans to diversify its product suite into the growing social casino vertical. “SweepX has...
View ArticleBrazil treasury to suspend unlicensed operators from October
Brazil’s government has released new regulations under Normative Ordinance No 1,475, that will ban operators that have not yet applied for a betting licence, as of 1 October. Operators that have...
View ArticleMassachusetts hits lowest sports betting revenue this year in August
Combined taxable online and retail revenue in August reached $33.3m (£25.2m/€29.9m). This is 51.4% more than in Massachusetts last year but 19.2% behind July – and the lowest monthly figure so far...
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