Sports betting and casino expansion strategy: Signing Day Sports acquires Swifty
In a strategic move set to reshape market dynamics, Signing Day Sports has announced plans to acquire between 95% and 99% of the issued and outstanding shares of Dear Cashmere…
Analysts praise Snaitech deal as potential game-changer for Flutter, doubling Italy market share
In a major strategic move, Flutter Entertainment has announced its acquisition of Playtech's Italian B2C business, Snaitech. This acquisition is set to strengthen Flutter's market presence in Italy, one of…
FDJ’s strategic initiative: accelerating Kindred acquisition to close ahead of schedule in October
In January, FDJ tabled a significant €2.45bn (£2.07bn/$2.72bn) bid to acquire Kindred. The acceptance period for this offer was set until 19 November this year. If not accepted by this…
EveryMatrix makes strategic move with bid for game studio Fantasma
Fantasma’s Independent Bid Committee, composed of independent board members, has officially recommended that shareholders support the takeover bid proposed by EveryMatrix. The public offer, which has received the committee’s endorsement,…
Playtech boosts 2024 EBITDA forecast due to impressive B2B growth
Playtech indicated in March its ambition to reach a medium-term B2B adjusted EBITDA target of €200 million to €250 million, alongside a B2C target ranging from €300 million to €350…
Michigan’s online gambling revenue soars in August thanks to iGaming growth
Michigan's iGaming and online sports betting sectors experienced a remarkable surge in August, collectively reaching a gross revenue of $224.0 million. This figure represents a substantial 27.7% increase compared to…
GiG shows confidence in US sweepstakes market as it plans platform spinoff
Federal Reserve Chairman, Jerome Powell, has unveiled a new interest rate range, signaling significant adjustments in the nation's monetary policy. This announcement underscores the Fed's responsive measures amidst evolving economic…
Australia sees 166% surge in online gambling turnover in 2022-23 according to Queensland Treasury
In recent financial news, Australia has reported a substantial increase in online gambling turnover. The surge is so significant that online gambling now contributes a major portion to the country's…
Australian report finds ‘Rite of Passage’ prepares young gamblers for future harms
New research from Australia highlights that early exposure to gambling and alcohol, often viewed as a "rite of passage," is closely linked to riskier behavior and greater harm in adulthood.…
Study reveals £2.7bn bet annually on unregulated gambling websites in Great Britain
Gamblers in Great Britain are placing an estimated £2.7bn in bets annually on unlicensed gambling websites, according to a recent report by a gambling industry lobby group. The Betting and…
