iGaming Industry News

Breaking news, analysis, and insights from the global iGaming industry

S&P Says Genting Is One Downgrade From Fallen Angel, a Day After Fitch

3 min read•Sep 8

Regulatory

Two Black-Market Studies Land in a Day: €12bn in Europe, $50bn Worldwide

3 min read•Sep 8

Interviews

Håvard Lehn: Esports Has Been Poorly Run and iGaming Has Paid the Bills

7 min read•Sep 4

Latest News

CorporateJust now

Codere's Seventh Straight Better Quarter Lands With Its Sale Still Unresolved

Group gaming revenue up 5.8% to €352.5 million, adjusted EBITDA up 14.1%, and the online arm's best quarter yet on World Cup stakes 180% above 2022. What the market wants is not the numbers but the answer to a strategic review that has been running since the first quarter, with Jefferies and Macquarie engaged.

Antonina Tupikova

2 min read

RegulatoryJust now

Yokohama's Anti-Casino Mayor Has Resigned, and Japan Wants More IR Bids

Takeharu Yamanaka won in 2021 on a platform of killing the city's integrated resort bid, and did. He has now stepped down over a workplace harassment finding, weeks before a special election, in a country whose prime minister supports a second round of casino licensing and whose tourism agency will take applications from May 2027.

Antonina Tupikova

2 min read

Prediction MarketsJust now

Tribal Gaming Opposes the Revised CLARITY Act Days Before a Senate Vote

Senator Cynthia Lummis narrowed the bill's decentralised finance provisions specifically to answer tribal worries about prediction markets. The Indian Gaming Association says that misses the point: what it wants is text saying federal commodities law does not preempt tribal gaming law, and that exchanges cannot list contracts on sports or casino games.

Antonina Tupikova

2 min read

RegulatorySep 10

A Tory Campaign Director and His Wife Plead Guilty to Cheating at Gambling

Anthony Lee, the Conservative Party's director of campaigning at the time, admitted two offences under section 42 of the Gambling Act over a bet on the 2024 general election date. His wife Laura Lee admitted one. Sentencing is on 23 October, and the maximum is two years.

Antonina Tupikova

2 min read

RegulatorySep 10

Forty-Six Countries Launch an Anti-Scam Alliance, With Cambodia Among Them

The International Alliance Combating Telecom and Cyber Fraud was formally launched on 10 September, with the United Nations and Interpol represented as observers. Its initiating countries include Cambodia, whose regulator has spent the past year revoking casino licences over links to exactly the scam operations the alliance exists to disrupt.

Antonina Tupikova

2 min read

CorporateSep 10

Playtech's H1 EBITDA Rises 77% on a US Product It Says Will Normalise

Adjusted EBITDA of €162.5 million, a third guidance upgrade this year, and North American revenue up 161%. The driver is a motor-racing and slot hybrid running with Hard Rock Bet in Florida that settles on historical race results rather than a random number generator, and Playtech is telling investors not to annualise it.

Antonina Tupikova

2 min read

RegulatorySep 10

Brazil's Government Is Reported to Be Drafting a Ban on Online Casino

Sources close to Lula say a provisional measure restricting the regulated betting market could reach the National Congress this week, with an online casino ban among the options. The regulator wants the effort aimed at clandestine platforms instead, and a separate bill would cap a bettor at R$100 a day across every licensed site.

Antonina Tupikova

2 min read

RegulatorySep 10

FATF Names the Red Flags for Casinos and Online Gambling in a Global Study

The Financial Action Task Force has spent a year on gambling, with input from more than 80 jurisdictions, and its report reads as a supervisory checklist rather than a warning. The finding operators will least enjoy is that online platforms show more documented terrorist-financing misuse than the land-based sector.

Antonina Tupikova

2 min read

Prediction MarketsSep 10

Underdog Sues Five States, Days After Giving Up Fantasy Licences in Seven

The company has gone to federal court in Ohio, Massachusetts, Wisconsin, New Mexico and Washington, asking each to rule that state gambling law cannot reach a CFTC-regulated contract. It is the first prediction-market operator to sue pre-emptively across a whole group of states rather than wait to be sued.

Antonina Tupikova

2 min read

CorporateSep 10

Station Casinos Hands 10,000 Employees $70m of Stock for Its 50th Year

Every full and part-time employee gets $1,000 of Red Rock Resorts stock for each year of service, announced without warning at a party most of them thought was just a party. It also arrives five days after the Supreme Court declined to spare the company an order to bargain with the Culinary Union, and it was announced at the property that order concerns.

Antonina Tupikova

3 min read