Rank Group and Entain shares each rose about 5% in morning trading on 21 October after reports suggested the UK Treasury was considering a smaller Machine Games Duty increase than previously feared. The reported rate was 25%; the change had not been confirmed, and the Budget was due on 28 October.
Operators and investors are responding to a reported tax proposal that could affect gambling businesses and racing finances.
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BetGoodwin is reportedly considering an initial public offering on London's AIM market that could value the online bookmaker at around £80m, Sky News reported. The company has reportedly engaged Allenby Capital to advise on the potential listing. The move would come as shares in Entain and Rank Group have fallen sharply in 2026.
Sky News has reported that the online bookmaker BetGoodwin may pursue an initial public offering on London's AIM market, with a possible valuation of roughly £80m. Independent investment bank Allenby Capital has reportedly been engaged to advise on any listing. According to the source, "The company has not confirmed the plans and declined to comment on the reports."
Reportedly, Sportradar shares fell 6.93% to $14.38 in the week to 17 July 2026, as litigation notices kept the securities case in view. Entain rose 1.45% and Rank gained 1.38%, while Playtech and Flutter also declined.
Italian online casinos recorded spending of €320 million in October, up 9% year over year, according to the reported market figures. Lottomatica led with a 31.4% market share, followed by Flutter at 27.3%; the monthly total collected exceeded €7.4 billion.
Spending on online casinos in Italy reportedly reached €320m in October, up 9% on the same month a year earlier. The figure is defined as the difference between bets placed and winnings paid. Total monthly stakes reportedly exceeded €7.4bn.
Brazil's election and President Luiz Inácio Lula da Silva's reported plan to repeal the 2024 betting law have left the industry's future uncertain, according to the account. It says an emergency decree would require betting agencies to close by 25 October and players to complete withdrawals by 5 October, but the measure's fate remains subject to Congress and a possible Supreme Court challenge.
Flutter expects to gain UK market share as higher gaming tax pressures smaller operators. Richard Clarke, managing director at Paddy Power and Betfair, said Flutter expects a £500m impact from next year. He warned that faster growth in unlicensed gambling would undermine gains for regulated operators.
Flutter expects to gain UK market share as the remote gaming tax pressures smaller operators, Richard Clarke, managing director at Flutter-owned brands Paddy Power and Betfair, said at the SBC Summit in Lisbon. Clarke said Flutter expects a £500m impact from next year, adding that the effect has already begun to appear this year and is being managed. He declined to set out the company's response in detail, saying plans would not be shared and that four areas for optimisation would be allowed to play out over the coming months.