Brazil Government Considers Raising Sports Betting Tax
Brazil's government has suggested raising the tax on online betting companies in the country, but faces strong opposition from operators.
Gambling Business News
Fanatics Launches Operations In Philippines For Gaming Support Services
Fantics Betting & Gaming has launched a partnership with Claymore Solutions to outsource gaming support services to the Philippines.
Betsson, Flutter and Snabbare Fined After Swedish AML Investigation
It’s been reported that three leading gambling firms – that include Betsson and Flutter – have been handed big fines by the Spelinspektionen over a series of AML failures that violated Swedish regulations around customer due diligence procedures. Flutter, Betsson and Snabbare Fined After Breaching Swedish Gambling Rules The Swedish Gambling Authority – Spelinspektionen – […]
Laurence Escalante Set To Buyout Investors In VGW
Laurence Escalante is set to take full control of Virtual Gaming Worlds (VGW), the company behind Chumba Casino, Luckyland Slots, and Global Poker.
Dan Le Batard And Meadowlark Media Sign New Deal With DraftKings
Dan Le Batard announced on his podcast on Wednesday that he has won "the prize everyone in podcasting wants", a new sponsorship deal with DraftKings.
PENN CEO And Director Buy Up Shares After Price Drop
Penn Entertainment CEO Jay Snowden and Director David Handler bought a combined 44,000 shares after a recent price drop, caused by a report by disgruntled investor HG Vora.
Better Collective Revenue Drops 13% With Strugges In Brazil And The US
Better Collective reported a year-on-year revenue decline of 13% in Q1, falling to €83m ($93m). EBITDA also dropped, down to €22m, which marked a 24% decline from Q1 2024.
Flutter Issues $2.8 billion In Debt Notes To Finance Snai Italia Acquisition
Flutter announced the issuance of $2.8 billion in senior secured notes, maturing in 2031, to finance its acquisition of Snaitech Italia. The gambling giant acquired the Italian sports betting company last month for €2.3 billion.
Kalshi Retracts Announcement Of Partnership With Elon Musk’s xAI
Prediction market platform Kalshi announced a partnership with Elon Musk's AI company, xAI, only to backtrack and retract the statement.
Light & Wonder Acquires Grover Gaming for $1.05B, Expanding into Charitable Gaming Sector
Light & Wonder finalized the $1.05 billion acquisition of Grover Gaming's charitable gaming assets. The deal includes a $850 million upfront payment and a potential $200 million earn-out over four years.
Codere Online Q1 Results Show Strength In Latin America
Codere Online Q1 results showed an overall 8% increase in net revenue, up to €57 million. Despite currency swings, performance in Latin American markets, namely Mexico, Colombia, and Argentina, was strong. If discounting currency swings, revenue increased by 17%.
Gambling.com Reports Record Q1 Revenue
Gambling.com Group reported a 39% year-on-year increase in revenue, reaching $40.6 million in Q1. The online betting affiliate group put its success down to strategic acquisitions that have expanded its portfolio.