Corporate
M&A, leadership changes, and strategic moves across the industry.
The revised forms went live on Wednesday. One application per country, no account holding both a gambling and a social casino certification, and affiliates must certify that every outbound link goes to a licensee.
Record deposits, a wider margin, less debt, and a guidance cut of up to €18m. The market read the affiliate's Q2 as evidence that the World Cup did not convert, and it has €91.5m of bonds due in December.
The 9% revenue line is not the story. An affiliate that barely made money in its most important growth market a year ago now runs a 26% margin there, and it has named prediction markets as one of the three things that got it there.
Vidler leaves after almost three years, having taken The National Lottery through its Fourth Licence transition. Her interim replacement comes from the commercial betting sector rather than the lottery world, which is a choice worth noticing.
A Schedule 13G filed on 7 August puts the billionaire behind 28,581,386 DraftKings shares. He already controls more than a quarter of Flutter, and his vehicle Candle Lake has an unsolicited bid on the table for Evolution. One investor now sits across both halves of the US duopoly.
France's state-controlled horseracing monopoly PMU has signed a technology agreement with BetMakers to extend its pool and fixed-odds betting services internationally, a deal that arrives as BetMakers completes its AU$267m acquisition by Tabcorp and builds out a growing roster of global operator partnerships.
Entain has published its interim results for the first half of 2025, with the FTSE-listed operator pointing to momentum in its UK and Irish retail business and continued progress at its BetMGM joint venture in the United States. The results arrive at a sensitive moment for the group, which is navigating a shifting UK regulatory landscape and a period of strategic repositioning following several years of turbulence.
Rank Group has delivered a standout set of full-year results against a difficult backdrop for UK-listed operators, growing underlying like-for-like net gaming revenue 6% to £834.1 million and lifting underlying profit by 21%. The figures suggest the Grosvenor and Mecca owner has absorbed the initial impact of the tax hikes that have rattled rivals.
Tabcorp has signed a binding scheme of arrangement for the wagering technology group it walked away from in February, and it is paying a 41% premium to get it. The price of the delay is written into the terms.
LeoVegas Group has brought its proprietary Tiger sportsbook to the United Kingdom, deploying it simultaneously across three brands in one of the world's most competitive regulated betting markets. The move completes the platform's rollout through Denmark, Brazil and Sweden and marks the group's most consequential statement yet of intent to own its own technology stack.
Wynn Resorts posted a stronger-than-expected second quarter, with group revenue climbing 7% year-on-year to $1.86 billion and net income more than doubling, but a six-month delay and $600 million budget overrun at its UAE resort cast a shadow over the results. The headline numbers confirm that Macau's mass market, not VIP, is now driving the company's Asian growth.
Flutter Entertainment has announced that Peter Jackson will leave as group chief executive on 1 October, handing over to international president Dan Taylor at a moment when US sportsbook revenue has fallen 15% year-on-year and the company's market capitalisation has dropped from $50 billion to below $20 billion in under a year.