Business & M&A

The prime minister also noted that adult gaming centres will need planning approval under new rules. He described betting shops and vape shops as "dodgy businesses".

As the sector adapts to a new landscape in the UK, operators are rethinking their B2B gaming supplier contracts. Where does the real value lie in future partnerships? Edge Marketing Institute investigates.

Penn Entertainment will not be among the sportsbook operators spending heavily on promotions this football season, a strategy Wall Street largely endorsed following the company’s second-quarter... The post Penn Sits Out Sports Betting Spending War As Analysts Back Strategy appeared first on Legal S…

The Commodity Futures Trading Commission has told prediction markets and intermediaries that displaying event contract prices in American sportsbook-style odds is likely misleading and could violate... The post CFTC Reminds Prediction Markets They Do Not Run Sportsbooks appeared first on Legal Spor…

New York sports betting achieved unprecedented revenue figures in July, sports betting gamblers experienced significant losses during this period, contributing to record-breaking operator revenues that defied typical summer seasonality trends. The surge came as World Cup betting activity drove exce…

The entertainment company almost acquired BetMakers late last year but talks did not advance past the "informal" discussion stages.

Tabcorp Holdings has announced on Monday that it will acquire BetMakers Techology Group, the B2B technology firm for AU$267 million (US$189 million) through a Scheme of Arrangement, with cash consideration of AU$0.24 per share implying an equity value of approximately AU$283 million (US$200 million…

The approval of the president's proposal brings land-based casino taxes in line with Uganda's online sector, with a 15% tax on net winnings now applying to both verticals.

Italy’s online gambling market increasingly resembles a two-horse race. The question now is whether Flutter’s playbook for SNAI can turn that race on its head.

What is iGaming affiliate software? iGaming affiliate software is the system that Gambling operators use to track, manage, and pay their affiliates. When you sign up to promote a casino brand, you’re usually not dealing with the operator directly — you’re logging into one of these platforms, chosen…

DraftKings revenue fell in the second quarter as customer-friendly sports results and increased promotional spending outweighed strong customer growth, but the company said those investments are... The post DraftKings Shrugs Off Q2 Miss As Predictions Accelerate Ahead Of NFL appeared first on Legal…

DraftKings devoted most of its Q2 call to laying out a blueprint for its attempt to outlast rivals when prediction markets go full throttle this autumn.

Q1 delivered a sharp rise in GGR and turnover for DATA.BET’s esports product, the company told iGB in an interview at iGB L!VE last month. It builds on the company’s momentum in the quick-growing vertical. “Esports is our heritgate,” head of sales Otto Bonning said. Esports might be a core competen…

In July last year, Denmark was the first market to roll out its new Tipico US-powered sportsbook platform. Since then the product has also been gone live in Brazil and Sweden.

Analysts, hedge fund managers and other financial experts blame the latest swoon on prediction markets with DraftKings on deck.

Analysts remain bullish on Flutter but cut their targets as the company lowered guidance for FanDuel with more promotional investment coming. Flutter said its mishandling of promotions to FanDuel... The post Analysts Cut FanDuel Parent Targets On Higher Promotional Spending appeared first on Legal…

Earlier this year, the sports technology company signed multi-year partnerships with both Kalshi and Polymarket for data distribution.

Penn Entertainment is ready for a wildly competitive promotional environment this football season. It will be the first full season NFL or college football for most prediction market operators, a... The post Penn Prepared For Promotional ‘Arms Race’ This Football Season appeared first on Legal Spor…