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434 results for “EGR”

An empty glass-walled boardroom with black leather chairs around a table, overlooking city towers
M&A

GiG Buys Back Into B2C With a €16.4m Deal for evoke's African Arm

Two years after splitting itself in half to become a pure technology supplier, GiG is paying €16.4 million for a majority stake in an African operator, funded by an €8.5 million raise it launched the same morning it reported an operating loss of €6.9 million.

A floodlit baseball stadium at dusk, with players on the field, full stands and a dark, cloudy sky above the lights
Prediction Markets

Kalshi Confirms Five MLB Deals It Had Been Running Unannounced

The Dodgers, Red Sox, Braves, Padres and Giants are Kalshi partners, and had been for weeks before anyone said so. Three of the five are in California, where no state lawsuit has been filed and the lobbying has already started.

Russia Opens a Crypto Door and Caps It at 300,000 Roubles
Crypto

Russia Opens a Crypto Door and Caps It at 300,000 Roubles

The Bank of Russia has widened who counts as a qualified investor days before the regulated market opens, adding a route through domestic exam certificates. Everyone else gets Bitcoin, Ethereum, Tether and a ceiling of about $3,800 a year.

Eswatini Gambling Probe Widens as Court Papers Allege Official Links
Regulatory

Eswatini Gambling Probe Widens as Court Papers Allege Official Links

Forensic work on more than 400 seized devices has turned an illegal online gambling investigation into an organised crime case spanning continents. Court documents allege contact with senior politicians, police and immigration officials. Nobody in those categories has been named or charged.

Melbourne's city skyline at night across the Yarra River, with Princes Bridge, Flinders Street Station and St Paul's Cathedral
Corporate

PMU Partners BetMakers to Expand World Pools Reach Internationally

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.

The Chicago skyline at dusk reflected in a pond in Lincoln Park
Regulatory

Chicago Council Pressures Bally's to Honour Full Casino Build Pledge

Twenty-eight Chicago alderpersons have formally demanded that Mayor Brandon Johnson order Bally's to resume full construction at its River West casino site, warning of potential legal action after the operator cited VGT legalisation as grounds to slow work on the hotel, event centre and restaurants. At least one council member suspects the real issue is cash flow.

Melbourne's city skyline at night across the Yarra River, with Princes Bridge, Flinders Street Station and St Paul's Cathedral
M&A

Tabcorp Acquires BetMakers for AU$283m to Overhaul Legacy Technology Stack

Tabcorp has struck a AU$283 million deal to buy cloud-native platform BetMakers, with executives telling analysts it was the cheapest, fastest, and lowest-risk path to modernising a technology estate built on ageing on-premises infrastructure. Annual cost synergies of up to AU$30 million are projected within two years.

A smartphone showing a generic sports betting app propped against a football on the touchline of an empty stadium pitch
Corporate

LeoVegas Group Launches Proprietary Tiger Sportsbook in UK Across BetMGM, LeoVegas and BetUK

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.

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

Conservative Group Sues Wisconsin Over Tribal-Only Online Sports Betting Law

The Wisconsin Institute for Law and Liberty has filed a constitutional challenge to Wisconsin's newly enacted tribal-only online sports betting law, arguing the legislature exceeded its authority and that the tribal-exclusive model violates equal-protection principles. The outcome could reshape how the hub-and-spoke framework is tested across the country.

A smartphone showing the Kalshi logo in white on black, resting on a laptop keyboard lit in blue
Prediction Markets

Hochul Escalates Kalshi Fight Over FDA Drug-Approval Markets With Social Media Broadside

New York Governor Kathy Hochul has taken the state's $36 billion lawsuit against Kalshi to social media, accusing the prediction market operator of "turning cancer patients into prop bets" over its FDA drug-approval contracts. Kalshi's co-founder fired back within hours, and Harvard Medical School researchers have separately asked the CFTC to ban the markets entirely.

Holland Casino Online Secures Five-Year Dutch Licence Extension Through 2031
Regulatory

Holland Casino Online Secures Five-Year Dutch Licence Extension Through 2031

The Netherlands Gaming Authority has renewed Holland Casino Online's licence for a further five years from October 2026, confirming the state-backed operator's continued place in the regulated Dutch market even as a 37.8% GGR tax rate squeezes its margins and the broader industry warns of channelisation risk.

A phone showing a Polymarket market on control of the House
Prediction Markets

FanDuel Backs Market Making Over Exchange Ownership as CFTC Eyes Structural Rules

Flutter's outgoing CEO Peter Jackson has confirmed FanDuel is content to act as a futures commission merchant directing users to third-party exchanges, positioning the operator ahead of a proposed CFTC rule that would restrict the market-making activities of exchange-affiliated firms. The strategy is forecast to generate $50 million this year, even as overall US performance falls short of plan.

The Light & Wonder logo displayed on a phone in front of the company's investor relations site
Corporate

Light & Wonder Targets Investment-Grade Debt by Mid-2027 and Deprioritises Share Buybacks

Light & Wonder has made de-leveraging its balance sheet the company's overriding priority after its second-quarter earnings call, with CFO Oliver Chow setting a target of three times cash flow by mid-2027. The shift signals a strategic recalibration for the gaming supplier after years of acquisition-driven growth, and puts share buybacks firmly on the back burner for the remainder of 2026.

The dome and front of the US Capitol in Washington under a blue sky with scattered white clouds, the American flag flying to the right
Prediction Markets

Congress Splits Over Prediction Markets as Competing Bills Frame the Sector as Either Finance or Gambling

Three live bills in the 119th Congress are pulling federal policy on prediction markets in opposite directions: one would create a dedicated regulatory framework, while two others would reclassify event contracts as gambling outright. The outcome will determine whether platforms such as Kalshi and Polymarket operate as financial exchanges or face state-level enforcement.

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