Roundhill announced that its BETZ sports betting and iGaming ETF would switch to active management after the market close on 18 June. The fund will stop tracking the Morningstar Sports Betting & iGaming Select Index and continue to focus on the sports betting and iGaming industry; Roundhill gave no reason for the change.
The change gives BETZ managers discretion over holdings instead of requiring them to track its current index.
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France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.
Wynn Resorts expects its Al Marjan Island resort in Ras Al Khaimah to open in September 2027, according to chief executive Craig Billings. The company expects to decide around February 2027 how the resort will launch; handovers to its operations team are due to begin in early 2027, with full control expected in late July.
Chief Executive Craig Billings said on the earnings call that the Ras Al Khaimah resort is still due to open in September 2027.
Betfair will continue operating in Italy through the end of 2026, with Flutter postponing its decision on the market to 2027, according to a report citing sources inside the company. The review reportedly takes account of Italy’s remote-gambling concession costs and the timetable for technology changes set by ADM; Betfair’s Italian affiliate programme ended on 31 October 2026.
Betfair Italia will keep operating at least until the end of 2026, with a final decision on its presence in the Italian market reportedly postponed to 2027. The information was reported by Gianluca Landi, a betting exchange and sports trading expert, who said he had received confirmation from sources inside the company. According to that account, Flutter decided to maintain Betfair's operations throughout 2026 and to assess the sustainability of its Italian presence at a later stage.
DraftKings lowered its full-year 2026 revenue guidance to $6.35 billion-$6.55 billion, from $6.5 billion-$6.9 billion previously, and reported a third-quarter adjusted EBITDA loss of $317 million. The company said more than 1.6 million customers had used its predictions offering year-to-date and expected 2026 predictions investment of at least $650 million; its shares fell about 22% in Thursday after-hours trading after the results.
DraftKings lowered its 2026 revenue guidance to $6.35bn–$6.55bn from $6.5bn–$6.9bn. It reported a third-quarter adjusted EBITDA loss of $317m, compared with a $126m loss a year earlier.
PrizePicks launched PrizePicks Packs on 21 October in all 50 states and Washington, D.C., and OG.com introduced OG.com Rips eight days later, the companies said. PrizePicks offers packs priced from $1 to $2,500; OG.com offers NFL, NBA, MLB and Pokémon packs. OG.com said its product is not regulated by the CFTC.
PrizePicks launched digital card packs on Oct. 21 across all 50 states and Washington, D.C., followed eight days later by Crypto.com-affiliated OG.com.