Betting

Under the agreement, Paddy Power Betfair will contribute its existing US assets along with a cash contribution of $158m. The company has confirmed that this cash contribution will be used to pay down existing FanDuel debts, which amounted to $76m at 31 March 2018 and fund working capital of the combined business. Upon completion of the transaction, Paddy […]

According to a report by Sky Sports, Alizeti will pay a fee of £20m for its initial stake in the Tote with the view of spending up to £150m in the next 5 years to take full ownership. Under the terms of the agreement, the Alizeti consortium, which is of racehorse owners and breeders, will

In its report, the company detailed Q1 2018 revenues of $327.8m (€280.7m), a year-on-year rise of 4.3% on the $314.1m (€269m) reported during the same period of 2017. Gross gaming revenues also increased during the period, rising by 2.5% year-on-year from a Q1 2017 p of $161.2m (€138.1m) to a Q1 2018 high of $165.2m

In February, DraftKings began expanding its operations into sports betting, in preparation for any potential Supreme Court decision on PASPA, opening an office in Hoboken, New Jersey and recruiting its first Head of Sportsbook, Sean Hurley. Earlier this month, hot on the heels of the Supreme Court decision, the company announced that it would enter

In countries like Thailand and Malaysia, football is a popular sport and since there aren’t any legal betting operators, illegal gambling is predominant according to gambling industry experts. Betting is legal in South Korea and Hong Kong under registered companies but illegal activities still overshadow the legal market. Having moved to online platforms, illegal operators

Mississippi residents will be able to gamble on sports at casinos by the end of July, following a unanimous decision by the state’s gaming commission on Thursday. The Mississippi Gaming Commission accepted the new rules without any debate, Executive Director Allen Godfrey said. Casinos and sports books can open up when the legislation takes full

The case was filed in May by the New Jersey Thoroughbred Horsemen’s Association (NJTHA), the group that owns Monmouth Park. The filing singled out the commissioners of the big four sports organisation (NBA, NFL, NHL, and MLB) and the NCAA, as they defended PASPA, whilst building relationships with daily fantasy sports providers. “The commissioners falsely

The gambling platform was run on the dark web, a service which is not indexed on traditional search engines, making it much harder for law enforcement to track down. Guangdong police said Bitcoin, Ethereum and Litecoin were the only currencies accepted on the platform.   Six suspects were arrested, and a total of 5m yuan

In an expected move, owner of operators Unibet and 32Red, is responding to a parliament vote in June to re-regulate Sweden’s gambling market. A total of 22 applications were made on the first day of submissions for the country’s new gambling licenses, but Kindred (formerly Unibet Group) was not one of them. It was simply

Resorts has become the fourth casino in New Jersey to offer sports betting, after Bally’s AC, Borgata and Ocean Resort, and it plans to have its own online sportsbook up and running in the autumn in partnership with SBTech. Mark Giannantonio, President and CEO of Resorts, said: “The opening of our new sportsbook will set