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472 results for “Stake”

An aerial view of downtown Toronto and the CN Tower in haze, with Lake Ontario and the waterfront at the upper left
Sports Betting

Ontario Fines theScore Bet CA$200,000 Over Two Cash-Out Offers It Did Not Honour

Ontario's regulator has given theScore Bet the largest penalty it can impose for a single breach of its igaming standards, after a player accepted two cash-out offers on a CA$1,000 parlay and received neither. The ruling turns a cash-out figure on screen into something an operator must be able to pay.

Jockeys in coloured silks race a field of horses across green turf under a clear blue sky, with the runners blurred by motion
Corporate

Tote Names James Coxon CEO as Alex Frost Steps Down and Online Gaming Closes

Alex Frost, who led the racehorse owners' purchase of the Tote from Betfred in 2019, will hand over to former GiG and DraftKings executive James Coxon at the end of 2026. In the same announcement the Tote is closing its online gaming and cutting back a consumer digital business that its latest accounts show made an EBITDA loss of £11.9 million.

The Canadian flag flying from a flagpole against a clear blue sky
Regulatory

Stake Targets 12 October Alberta Launch, a Day Before the Grey-Market Cut-Off

Stake Canada Ltd. is now on the regulator's register and says it expects to be fully operational on 12 October, provided it signs an operating agreement with the Alberta iGaming Corporation. The date sits one day inside the 13 October limit for operators moving out of Alberta's grey market.

The columns of a courthouse
Prediction Markets

Gaming Regulator Groups Urge the Supreme Court to Hear New Jersey's Kalshi Case

Two associations of gaming regulators have told the Supreme Court that the same Kalshi contract is shielded from state law in New Jersey and subject to it in Ohio, and that only the Court can end that. They follow a group of state lawmakers in backing New Jersey's petition; nobody has yet filed for Kalshi.

Stockholm's old town and church spires seen across the water under an overcast sky
Regulatory

Sweden Pulls Charm Entertainment's Casino Licences Over Accounting Crime Charges

Spelinspektionen has revoked the restaurant casino operator's licences with immediate effect, pending a final decision, because the people behind it face charges over a predecessor company that ran almost the same business. The regulator is treating tax and bookkeeping failures as a fitness question, not a side issue.

The Palace of Westminster and the Elizabeth Tower seen across the River Thames, with Westminster Bridge on the right under a partly cloudy sky
Regulatory

Upper Tribunal Cuts Jumpman's £13.2m Free Spins Duty Bill to Nil

The Upper Tribunal has ruled that free spins won on a free promotional game fall outside Remote Gaming Duty, reversing the First-tier Tribunal and wiping out the assessment against the Super Group subsidiary. With the duty now at 40%, the ruling reaches well beyond one operator, unless HMRC appeals or Parliament changes the law.

The curved bronze tower of Wynn Las Vegas with its signature logo, rising above palm trees and pines
Prediction Markets

Wynn's Billings Breaks Ranks With MGM and Caesars on Prediction Markets

On the opening main stage at G2E, the chief executives of MGM Resorts and Caesars called prediction markets illegal, "obscene" and a risk to the whole industry. Wynn Resorts' Craig Billings said his company had no "skin in the game", and recalled what the Strip lost by fighting California's tribes.

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