472 results for “Stake”

The Netherlands Gambling Authority will take applications in January for the only licence to run pool betting on horse racing from July 2027. The winner gets a land-based monopoly and hands 10% of its gross gaming revenue on Dutch races to the sport.

Seven weeks after it began routing football contracts to Crypto.com's exchange, Robinhood has told investors that the exchange will become its main second venue behind Rothera and that it will move off "most of our competitors". It owns a stake in both venues, and the Crypto.com exchange is the one suing Missouri and Utah.

Barry Diller's People Inc., MGM Resorts' largest shareholder, has agreed to stop buying at 29.9% and to back MGM's board on any sale that meets four conditions. MGM stays free to buy back stock even if that lifts People past the cap.

The Ladbrokes and Coral owner puts the Budget's five-point rise in duty on its shop machines at about £25 million a year before mitigation, an eighth of its estimate for last year's online tax rises. It expects to offset it all by the end of 2028 and has left its guidance unchanged.

India's Supreme Court has dismissed, without a hearing, ten review petitions led by Flutter's Junglee Games against its May judgment upholding Tamil Nadu and Karnataka's bans on online games played for stakes. Operators now face upheld prohibitions in both states whatever happens to their challenge to the national ban.

The Gambling Commission has traced 3,426 payments to illegal operators through consenting people's bank records and found that those making them did not abandon the licensed market. Of those with a survey score, 45% scored 8 or more on the Problem Gambling Severity Index, against 6% of licensed gamblers in the same data.

Chancellor John Healey has lifted Machine Games Duty by five points on machines with stakes above £1 or prizes above £100, and HMRC is consulting on making suppliers pay it. The rise is far smaller than the 40% campaigners modelled, and adult gaming centres also lose their business rates relief.

The Illinois Gaming Board has approved proposed rules that would put an identity check in front of every video gaming terminal in the state and open the way to cashless player accounts. A comment period, legislative review and a central system still being built stand between the vote and the venues.

The Chickasaw Nation's commercial arm now owns 13 Horse Palace sites, live racing at Sweetwater Downs, and the operator behind about 35% of Wyoming's $2.49 billion historical horse racing handle. No price was disclosed, and the deal lands months after a bill to cap the machines died.

American commercial gaming took $6.48 billion in August, a fraction less than a year earlier, because sportsbooks kept less of what was bet. Handle barely moved; hold fell from 10.8% to 9.2%, and the American Gaming Association blames prediction markets and a late college football start for the rest.

Boyd Gaming's group earnings barely moved in the third quarter, but its two Las Vegas segments lost $8 million of EBITDAR between them while its locals and regional casinos grew. Management says August was the weakest month.

Ireland's gambling regulator has now published 235 notices of intent to apply for a licence, and most of the recent ones come from racecourse and high-street bookmakers whose Revenue licences expire on 30 November. Its own register shows how far it still has to go: one in-person betting licence issued so far.

Four legislators from both parties have formed what local broadcasters call Pennsylvania's first caucus on problem gambling, promising "common-sense guardrails" for online betting. Two of them co-sponsor a bill, filed the same day, that would limit players to two deposits a day and ban microbets.

Peru's tourism and trade ministry has published draft amendments to the regulations behind its licensed online gambling market, with 15 days for comment. It would spell out detailed advertising rules, but also cut the maximum fine for the most serious breaches from 200 to 70 tax units.

The first opening weekend without gambling brands on the front of Premier League shirts still carried 11,205 gambling messages across seven live matches, according to the University of Bristol's fourth annual count. Shirt-front logos all but vanished, sleeve and training kit branding rose 362.7% on the three-year average, and pitchside boards held steady or grew.

The group's chief transformation officer will succeed Erwin van Lambaart and run Austria's gambling incumbent through the end of its online monopoly and the reaward of its licences. The shareholders have chosen an insider with a record of steering former monopolies into competition.

Sweden's state-owned gambling group grew net gaming revenue by 1% in the third quarter but earned less from it, because it chose to spend more on its brand, AI and a move to the cloud. The growth came from the licensed online arm; the lottery monopoly barely moved and the gaming-machine business shrank again.

Latin American revenue rose by more than half and casino carried a weak sportsbook to Betsson's highest quarter yet, but gaming taxes and a shrinking B2B line took almost a third off operating profit. The record also rests on the region where Brazil has already shut its market and a Buenos Aires senator wants to do the same.

Marina Bay Sands took the bigger hit, with EBITDA down 21%, while Sands China's revenue rose 8.4% on the quarter and its share of Macao's mass market reached its highest since 2023. The parent still spent $950 million on its own shares, raised its 2027 dividend by 20% and took its Sands China stake to 75.56%.

The Times reports that the Chancellor will lift the main rate of machine duty by five points at next week's Budget, a quarter more than today but well short of the doubling campaigners wanted. Nothing is confirmed, the industry says any rise will cost jobs, and Rank's shares rose after the report.