Gambling Business News

Light & Wonder Acquires Grover Gaming for $1.05B, Expanding into Charitable Gaming Sector

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.

Catena Media Cut Costs After Earnings Decline

Catena Media has implemented cost-saving measures after reporting a 40% dip in EBITDA for Q1 this year. Adjusted EBITDA fell to €0.9 million, from €1.5 million in Q4 2024. Similarly, revenue dropped to €9.8 million, down from €10.2 million in Q4 2024 and €16.0 million in Q1 2024.

Gentoo Media Suffers Q1 Losses Following Brazil Gambling Regulation

Gentoo Media Suffers Q1 Losses Following Brazil Gambling Regulation

Gentoo Media reported €24.8 million in revenue for Q1 2025, marking an 11% decrease from €28.0 million in Q1 2024. This led to a net loss of €2.7 million, a significant downturn from a €9.7 million profit in Q1 2024.

Flutter Completes Acquisition Of Brazilian Betting Company NSX

Flutter Completes Acquisition Of Brazilian Betting Company NSX

Gambling giant Flutter Entertainment announced it has completed the acquisition of an initial 56% stake in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for approximately $350m.

Tada Gaming Obtains UK Gambling License

Tada Gaming Obtains UK Gambling License

Tada Gaming continues to expand its global operations and has now obtained a UK gambling license from the UK Gambling Commission.

Caesars Unveils First In-House Online Casino Game

Caesars Unveils First In-House Online Casino Game

Caesars Entertainment today announced the launch of its first proprietary online casino game, Caesars Palace Signature Multihand Blackjack Surrender. The game is now live exclusively on Caesars Palace Online Casino in New Jersey. The company recently established its own in-house games studio, Empire Creative, marking an expansion into gaming development for online casinos. In a press […]

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Gambling Business News

DraftKings CEO Adds To Prediction Markets Talk

DraftKings CEO Jason Robins has added his two cents to the growing talk around prediction markets in sports betting. In the company’s Q1 earnings call on Friday, Robins commented, “We continue to actively monitor the events surrounding federally regulated Prediction Markets, including recent court cases.” Robins believes that the trend of companies such as Kalshi, […]

Gambling Business News

MGM Resorts Agree Extension For CEO Bill Hornbuckle

President Bill Hornbuckle signed a new deal with MGM Resorts to extend his contract to 2028, the company announced on Thursday. Hornbuckle became CEO and President during the COVID-19 pandemic in 2020, succeeding Jim Murren. He has been at the company since 1998 when he was appointed executive vice president of operations at the MGM […]

Gambling Business News

Bank of Ireland Initiate Voluntary Debit Card Block on Gambling Sites

It’s been announced this week the Bank Of Ireland now have the ability to block debit cards for anyone looking to stop wagering with gambling sites – in a bid to help problem betting. Bank Of Ireland To Help Their Gambling Customers With Voluntary Debit Card Blocks Anyone using the Bank Of Ireland to bet […]

Gambling Business News

Department Store Debenhams In Two-Year Partnership With UK Jockey Club Racecourses

Horse racing and fashion go hand-in-hand – with iconic annual meetings like Royal Ascot and Glorious Goodwood famed for racegoers making more of an effort to dress up – which is why top UK high street brand Debenhams and their latest venture with the UK Jockey Club racecourses looks a match made in heaven. Jockey […]

US Online Casino Revenue Hits Record $900 Million In March Across Seven Regulated States

Online casino revenue in the United States broke the $900 million barrier in March, setting a new record across seven regulated states in the country. Pennsylvania Posts Record $291.6 Million Online Casino Revenue In March Pennsylvania was the most successful location, where real money online casino operators raked in $291.6 million compared to $230.6 million […]

Gambling Business News

South Korean Police Vow To Crack Down On Illegal Texas Hold ‘Em Casino Venues

South Korean police have vowed to crack down on illegal Texas Hold ’em casino venues that are pocketing millions of dollars in profit. National outlet Newsis reported police will ‘intensively’ crack down on illegal gambling activities taking place at Hold ’em bars across the country for the next four months. These bars charge a fee […]

Gambling Business News

Massachusetts Lawmakers Propose New Limits on Sports Betting

Massachusetts Senator John Keenan (Norfolk/Plymouth-D) is the primary author of the Bettor Health Act, a bill that would impose new limits on online sports betting and ban such operators from running advertisements during televised events. Two other state Democratic lawmakers support the measure. According to The Boston Globe’s Chris Serres, while at a forum Wednesday […]

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