Deals & M&A
Lotte Tour reports KRW51.59bn in July casino sales
The July figure was Jeju Dream Tower’s highest monthly casino sales result of the year.
Deals & M&A
Acquisitions, mergers, partnerships and commercial agreements.
Deals & M&A
Betsson completes acquisition of Rhino's B2C business in Canada
The purchase adds Canadian-licensed B2C operations and B2B technology resources to Betsson's portfolio, expanding its North American footprint.
Deals & M&A
FeedConstruct secures global rights to Nicaraguan basketball streams and data
Suppliers and operators should note FeedConstruct acquired exclusive worldwide streaming and data rights covering every game in both Nicaraguan competitions.
Deals & M&A
IG Group CEO flags regulatory risk around prediction markets
Unresolved event-contract rules leave IG Group's $1.3bn Underdog deal exposed to regulatory change in its prediction-market operations.
Deals & M&A
Kalshi and Polymarket record $44.8bn in June notional volume
Investors should note the report identified sports events as a principal source of prediction market activity across the platforms' combined June notional volume.
Deals & M&A
Polymarket announces Eventual media company for prediction market coverage
The venture ties prediction-market pricing to news coverage, a model that could affect how operators and regulators frame such products.
Deals & M&A
GAT Brasil debut debates compliance, illegal market and casino legalisation
The debate signals industry pressure for stronger enforcement against illegal operators and clearer rules before any physical casino legalisation in Brazil.
Deals & M&A
Churchill Downs plans individual or bundled sales of nine casinos
Churchill Downs plans to sell nine regional casinos separately or in small groups, its chief executive said.
Deals & M&A
IG Group agrees to acquire Underdog in deal valued at up to $1.3bn
The acquisition would combine a British trading firm with a US prediction market operator claiming third place in regulated notional volume.
Deals & M&A
Betfred explores adult gaming centre operations
Betfred is considering adult gaming centres amid betting-shop closures, a potential new operating format.
Deals & M&A
Betsson's Tino says Lazio-Polymarket exit reinforces regulated market credibility
The case signals that operators and clubs face scrutiny over unlicensed-brand sponsorships in Italy's regulated market.
Deals & M&A
Betsson's Tino says Lazio-Polymarket case will deter similar sponsorships
Tino says the Lazio-Polymarket case will deter clubs and brands from similar partnerships after ADM blocked Polymarket.
Deals & M&A
New York Mets sign multi-year Novig prediction market deal
The deal gives a prediction market platform direct access to an MLB franchise's fans and media channels, a model other teams and operators may follow.
Deals & M&A
Betfred plans 600 job cuts and 132 shop closures
Betfred attributed 600 job cuts and 132 shop closures to higher gambling taxes and other cost increases.
Deals & M&A
Coinbase increases quarterly prediction-market revenue 106%
Coinbase's prediction-market revenue rose 106% from the first quarter amid weaker cryptocurrency business conditions.
Deals & M&A
Waterhouse VC newsletter examines prediction markets' effect on betting economics
Prediction markets could reshape the margin structure that sportsbook operators rely on for revenue.
Deals & M&A
Five Chile betting operators form responsible iGaming association
Betano, Betsala, Estelarbet, Juegalo and Novibet formed AGR seeking a licensing framework and consumer safeguards.
Deals & M&A
FDJ UNITED reports €16m first-half loss
A €16m net loss after a €135m online impairment and higher taxes signals earnings pressure for investors.
Deals & M&A
IG Group agrees $1.1bn acquisition of Underdog
The deal would combine retail trading, sports gaming and prediction markets for IG Group.
Deals & M&A
BetMGM reports second-quarter revenue of $711m
The update gives investors a second-quarter revenue figure and first-half financial updates.
Deals & M&A
Wazdan and RubyPlay take content live with operators in Brazil
The launches show suppliers competing for Brazilian and other regulated-market distribution through established operator brands.
Deals & M&A
Konami casino technology division returns to first-quarter profit
The division, which supplies casino equipment and management systems, recorded revenue growth of 65%.
Deals & M&A
Belle increases quarterly City of Dreams Manila gaming revenue share
Belle's Q2 share of City of Dreams Manila gaming revenue rose 37.5% annually to PHP467.2m.
Deals & M&A
MGM weighs $18bn Diller takeover offer as Q2 revenue hits record
A completed $18bn takeover would reshape MGM's ownership and affect operators, suppliers and investors tied to its Las Vegas and international properties.
Deals & M&A
FDJ United revises outlook after first-half earnings decline
Lower earnings and gaming revenue forced FDJ United to revise its outlook.