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472 results for “Stake”

Madrid's Gran Vía seen from above under a clear blue sky, with the domed Metropolis building in the foreground and the city's rooftops stretching to the mountains
Corporate

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.

Playtech signage on a glass building
Corporate

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.

A bus passing the Palace of Westminster at dusk
Regulatory

Machine Games Duty Could Double in the Autumn Budget, The Times Reports

Chancellor John Healey is said to be weighing an increase to the duty on gaming machines, a year after remote gaming duty went from 21% to 40%. A doubling would take the three bands to 10%, 40% and 50%, and analysts have told the Racing Post it would cost nearly 3,000 betting shops and around £70m of the racing levy.

A lottery ticket lying on a pile of lottery play slips
Regulatory

Australia Bans Foreign-Matched Lotteries and Online Keno From January 2027

Four Northern Territory-licensed businesses sell Australians entries into US Powerball and EuroMillions draws. From 1 January 2027 they cannot, and online keno goes with them. The Lottery Corporation, which backs the change, has put the cost of losing its own online keno business at A$25 million of annual earnings.

An empty wood-panelled courtroom with the judge's bench, green desk lamps and evening light falling across the walls
Regulatory

Singapore's High Court Refuses to Enforce a HK$19.35m Venetian Macau Casino Debt

A Hong Kong default judgment against a Macau high roller cannot be enforced in Singapore because gambling debts offend the country's public policy, the High Court has ruled, even where the gambling was lawful at a licensed casino. The decision unsettles a 2004 precedent and the way Asian casinos extend credit to customers whose assets sit in Singapore.

Marina Bay Sands in Singapore
General

Singapore's Betting Tax Take Rose 11.9% to S$3.6bn, the Fastest of Any Tax Line

Gambling duties and casino tax brought the Inland Revenue Authority of Singapore S$3.6 billion in the year to March, growing faster than corporate income tax or stamp duty. The report does not separate the casino take from the duties, which limits what can be read into it about Marina Bay Sands and Resorts World Sentosa.

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