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

RegulatorySep 2

Brazil's Rapporteur Removes the 30% Betting Transfer From the Security PEC

The provision that would have routed 30% of fixed-odds betting revenue to public security is out of the report filed in the Senate's justice committee. It has not been voted on yet, and the sports bodies that lobbied against it stand to keep about R$500 million a year.

Antonina Tupikova

2 min read

M&ASep 2

Lottomatica Absorbs Cirsa and Blackstone Becomes Its Largest Shareholder

A binding merger agreement signed in Rome and Barcelona creates the second-largest listed gaming and sports betting operator in the world, on about €2 billion of pro forma EBITDA. Cirsa is valued at roughly 6x.

Antonina Tupikova

3 min read

RegulatorySep 2

FanDuel Voided Bill Simmons's Bets After He Admitted Proxy Betting

The Ringer founder said on his own podcast that he gave his sportsbook login to his daughter's boyfriend. Massachusetts requires operators to log every IP address an account is accessed from, and it still took a podcast.

Antonina Tupikova

2 min read

CorporateSep 2

A 1.6m Share Purchase Cut the Floor Under Sands China's Float to 10%

Las Vegas Sands bought 1,623,200 shares on Monday and tipped its Macau subsidiary past 75%. The consequence is not the stake, it is the listing rule Sands China had to switch to as a result.

Antonina Tupikova

3 min read

RegulatorySep 2

Lula Says He Would Ban Betting, and the Regulator Was Not in the Room

The Brazilian president spent four hours hearing evidence against the industry his own government licensed two years ago. The Secretaria de Prêmios e Apostas, which regulates it, does not appear on the attendance list.

Antonina Tupikova

3 min read

RegulatorySep 1

Brazil Fined Pixbet R$814,567 and Could Not Find It at Its Own Address

The penalty is modest by the standards of Brazilian enforcement. The reason it had to be served through the official gazette is not: the regulator went to the address Pixbet has on file and the company was not there.

Antonina Tupikova

2 min read

RegulatorySep 1

UKGC Suspends BresBet and Bet St George Over Social Responsibility and AML

The Gambling Commission has pulled the operating licences of two British bookmakers that share a director, weeks after their managing director resigned from both on the same day. Customers can still withdraw.

Antonina Tupikova

2 min read

RegulatorySep 1

Belgium's Council of State Suspends the €750m Brussels Casino Award

The City of Brussels gave its 15-year casino concession to Napoleon Games by 91.02 points to 87.74. The administrative court has now suspended that decision, and one of its grounds is a European filing the city never made.

Antonina Tupikova

3 min read

M&ASep 1

Merkur's €31.5m Move on Seven French Casinos Carries a 195.9% Premium

Germany's Gauselmann group has agreed terms to take control of the Le Stelsia casino group and, with it, listed Société Française de Casinos. The price it has put on the listed shares says more about the deal than the headline value does.

Antonina Tupikova

3 min read

InterviewsSep 1

Honoré Gaming's Casanova: Europe Builds for the Exception, Not the Rule

European platform providers have spent a decade failing in francophone Africa. Christophe Casanova, the former derivatives trader who runs the French platform that did not, says they arrive with the wrong mental model, and concedes that the unlicensed operators his clients compete against hold advantages no product can answer.

Antonina Tupikova

8 min read