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Diokno acknowledged banning online gambling would have an impact on the economy, but also recognised the risks online gambling can lead to. He said: “There are some benefits, in terms of if operators pay their taxes but there are also some risks. I tend to be risk-averse. I’d rather they leave, if I have my […]

Flutter, owner of gaming brands Paddy Power, Betfair and FanDuel among others, will hold 54.64% of the new company, with Stars Group, owner of Sky Betting & Gaming, PokerStars and more, taking a 45.36% stake. The deal is likely to be closely scrutinised by regulators as the merged firm, worth around £11bn in market capital,

Active player days rose to 5.4m, an increase of 59%, while average revenue per daily active user grew 91% to $15m. Dermot Smurfit, CEO of GAN, said the company experienced a “better-than-expected” third quarter and pointed to the demand for US sports betting during the seasonally weaker summer months as an explanation. From 11 to

The operator said this growth was driven by a rise in stakes across all of its areas of operation. Gross gaming revenue amounted to €4bn, a 7% increase. Lottery remains the top taker for FDJ; stakes rose 6% to €10bn. In the third quarter, Euromillions and Loto accounted for 20% of FDJ’s total stakes. Sports

Both of the new agreements are with WSI USS, LLC, a wholly owned subsidiary of Wynn Resorts. Indiana has already regulated sports betting but the vertical is contingent upon a statewide referendum in Colorado, scheduled for 5 November. Full House Resorts President and CEO Daniel Lee said: “We are excited to partner with Wynn Resorts,

While GiG will acquire 75% of Top Games, the remaining 25% will be retained by the local partner. GiG will now have rights of use to the brand and both companies will work together to operate the business. GiG is planning on entering the Croatian online casino market through its newfound partnership in the first

Through its partnership with Penn National Gaming, PointsBet will have access to multiple US markets once its expansion plans are up and running. The company is aiming to expand its US sports betting arm and requires extra funds for marketing, product development and business development, in the form of licensing fees and retail sportsbook costs.

Nearly 24 tribes released a joint statement on the proposal, which includes provisions for a 10% tax on gross gaming revenue that could be spent on public safety, mental health programs, education and regulatory costs. Mobile betting was not specifically mentioned in the proposal but listed requirements that state bettors need to be physically present

Speaking exclusively with Gambling Insider about the District of Columbia’s sports betting deal with Intralot, Ciavarella explained how monopolising state lottery distribution and sports venues with one favoured operator is counterproductive to combating illegal gambling. He said: “The situation with Intralot in DC is quite absurd in my opinion. A free and open market is

A 4% increase in the operator’s UK online revenue was offset by a 4% fall in its international revenue for the sector. Despite the integration of Mr Green within the trading period, William Hill attributed the international decline to “regulatory headwinds,” which resulted in the operator leaving the Swiss market and caused disruption to payment