Betting

Scott leaves the role to look at other opportunities; he was hired permanently in August 2017, which came after six months of service as interim Australia CEO. Shannon was already a Non-executive Director and consultant to GVC in Australia following its acquisition of Neds International. Previously, Shannon was Executive Chairman of Neds and served as […]

What is the current state of sports betting legislation in Brazil? In December 2018, Brazil approved law 13756/2018, which legalised the activity of fixed-odds sports betting. This piece of legislation legalised the activity and also gave it the status of a lottery type game. Even though the activity of fixed-odds sports betting was legalised, it

Authorities began investigations in October 2018, collaborating with the Ministry of Public Security to bring down the betting ring. Police identified and arrested a 42-year-old man, Pham Hai, believed to be the leader of the organisation. After his arrest, the police found Hai was involved in a larger illegal operation, ran by 43-year-old Le Canh

The operator said this tax is based on “a fundamental misunderstanding by the [Henry] Rotich-led treasury of how revenue generation works in the bookmaker industry.” SportPesa believes this new tax, in addition to the withholding tax on winnings re-introduced last year, will remove any economic incentive to place bets as customers will not receive their

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