WHP Corporate Services Provider LLC appointed Kate McCormick chief executive of its United Arab Emirates operations. The company said she brings more than 18 years of experience across gaming, compliance and fintech, including roles at William Hill, Superbet, Playtech and bwin.party.
The appointment places an executive with gaming and compliance experience in charge of WHP’s UAE operations.
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Better Collective’s shares fell 37.16% over five days following Brazil’s betting ban announcement. Flutter’s shares declined 11.52% over the same period. It was reported that Better Collective estimated a €15m impact for the rest of 2026 and suspended its 2027 guidance.
President Lula issued a provisional measure immediately banning online betting operations in Brazil. Licensed sites face blocking from 6 October, and Congress has 120 days to ratify or amend the measure. Betano is preparing legal action, while Allwyn and Entain have outlined potential effects on their forecasts.
On Friday, with the country's general election two days away, President Lula signed a provisional measure that halts online betting sites in Brazil with immediate effect. Licensed operators will be blocked from 6 October, and customers have until the preceding day to ask for their money back. Any funds still held after that deadline must be credited by the sites to registered accounts during the window of 9 to 14 October. Because the instrument is provisional, Congress must review it, ratifying or amending it inside 120 days.
Betfred founder Fred Done said a proposed increase in UK Machine Gaming Duty from 20% to 40% could force the company to close 495 shops within a year. He said this could put 2,575 jobs at risk and cost the Exchequer about £67 million in tax revenue; the proposal was reportedly under consideration ahead of the Autumn Budget.
Playtech chief executive Mor Weizer said the company is targeting an agreement and launch in Brazil by early 2027. He said the government and prospective customer had asked Playtech to wait until after the election period; the company said it remains confident of reaching an agreement.
Reportedly, Gaming Corps has secured a distribution deal with Playtech. The studio’s complete games catalogue goes live through Playtech Open Platform, giving operators across 40 regulated markets access to its titles.