Flutter Entertainment, a major player in the global gambling market, known for its ownership of Paddy Power, is currently negotiating to acquire Snaitech, the consumer division of Playtech. This deal, potentially worth about £2 billion, is part of Flutter’s ambitious expansion strategy. Detailed negotiations underway: Reports from Sky News indicate that the discussions have reached a sufficiently advanced
Month: August 2024
In a significant political development, Srettha Thavisin, the leader of the Thai government and a prominent supporter of the initiative to legalize casino resorts in Thailand, was removed from office by the country’s Constitutional Court. This decision followed his controversial appointment of a former lawyer who had previously served a prison sentence to his cabinet, sparking
Galaxy Entertainment Group (GEG) has announced a substantial increase in gross gaming revenues, achieving HK$10.3 billion (US$1.32 billion) for the second quarter of 2024. This marks a significant 35.0% rise from the previous year and a 7.4% increase from the preceding quarter, heralding it as the largest quarter post-COVID. Key performance highlights: The strong performance in the second quarter
Gaming technology and services provider BetConstruct has announced its participation at the Sports Betting West Africa+ Summit (SBWA+). The company will showcase its solutions at the event, scheduled to take place from 21-23 August 2024 in Accra, Ghana. SBWA+ acts as a hub where operators, regulators, and other key players in the African gaming ecosystem meet to discuss
Control F5, a company offering solutions for the gaming and betting markets, has published a guide to implementing regulatory compliance in betting sites, an action the company defined as ‘fundamental’ in an increasingly competitive industry. Ensuring that the betting platform operates in compliance with local and international regulations guarantees the legality of the business, and brings
One of the highlights of July’s record-setting iGB L!VE centered on the Pulse Theatre, where the first edition of the iGB L!VE LaunchPad competition played out. As part of the initiative, five start-up businesses, shortlisted by the iGB L!VE organizing team, showcased their ideas to a panel of industry entrepreneurs. Filip Koubek, co-founder of the
iGaming software solutions provider SOFTSWISS is progressing toward certification for its Casino Platform and Sportsbook in Brazil. The company said it is undergoing evaluation by an authorized testing laboratory as it prepares to meet key requirements in the growing Brazilian market. Last year, SOFTSWISS obtained GLI-19 and GLI-33 certifications, which act as a solid foundation for meeting
Mississippi’s Gold Strike Casino Resort on Wednesday officially rebranded its sportsbook to open the Gold Strike Sportsbook powered by DraftKings. “We are excited to collaborate with DraftKings to deliver an exceptional sports betting experience to our guests,” said Dean Rubin, Senior Vice President and General Manager of Gold Strike Casino Resort. “Our reputation for excellence combined
Aug 15, 2024 3 min read PokerStars Casino is turning up the excitement with a major upgrade to its ever-popular Spin of the Day feature. Starting August 15th, players can unlock an all-new Bonus Rounds, offering two weekly opportunities to pocket a four-figure payday of up to €/$1,000. What’s the scoop with this new bonus?
View image in fullscreen William Hill owner’s turnaround plan falters as losses widen Gambling group Evoke – formerly 888 – reports losses of £147m after taking £72m hit from US market retreat The owner of William Hill and 888 reported widening losses in the first half of 2024, in a “disappointing” update that led its
What is Google Pay? Google Pay is like that trusty Swiss Army knife in your digital pocket. It’s not just for paying for your morning coffee or splitting the bill with your buddies; it’s a full-fledged digital wallet that lets you manage your money like a pro. You can link your bank accounts, credit cards,
Flutter Entertainment, the parent company of Paddy Power and FanDuel, is in negotiations to purchase Snaitech, the consumer division of Playtech, in a deal that could be valued at approximately £2 billion ($2.57 billion), SkyNews reported. Snaitech, one of Italy’s largest gambling companies, has drawn Flutter’s interest as part of its ongoing global expansion strategy. In
The Greens have proposed a new tax on technology giants to support traditional media, coupled with a ban on all gambling advertisements, as commercial broadcasters seek compensation in response to Labor’s proposed restrictions. Greens communications spokesperson Sarah Hanson-Young dismissed Bill Shorten’s claim that free-to-air television relies on gambling ad revenue to survive, calling it a
A bill designed to fast-track the bidding process for three new downstate casino licenses in New York appears to have stalled, with an August 31, 2024, deadline now in jeopardy. Despite passing through both the House and Senate in June, the bill, known as S9673A, remains unsigned by Governor Kathy Hochul, leading to growing uncertainty
Italy’s newly proposed framework for online gambling concessions is now under the scrutiny of the European Commission (EC) as it enters the final stages of its legislative process. This marks a significant step in Italy’s ongoing efforts to regulate and modernize its online gambling industry. EC’s Review and Consultation Process As part of the European
In Missouri, two major initiatives have successfully made their way onto the November 5 ballot, reflecting a significant bypass of the state legislature. The Secretary of State, Jay Ashcroft, confirmed that a proposed constitutional amendment for legalizing sports wagering and a statutory change to raise the minimum wage gathered the required signatures across six congressional districts. Sports betting
Aug 15, 2024 3 min read Following the successful return of the North American Poker Tour (NAPT) in Las Vegas last year, PokerStars announced in May that the NAPT will return to Resorts World, Las Vegas, this November for another ten-day poker extravaganza. Continuing the excitement from previous events, the platform is once again seeking
Aug 15, 2024 4 min read Leeds, the city renowned for its rich industrial heritage, world-class universities, and vibrant cultural scene, is about to add another chapter to its storied history. Known as the birthplace of bands like The Who and Kaiser Chiefs, and home to football pride Leeds United, this vibrant city is now
Aug 14, 2024 2 min read Former longtime PokerNews content creator Pamela Maldonado’s life has gone “full circle” after signing a contract to cover college football for ESPN, the largest sports media outlet in the world. The sports betting analyst accepted a position with the worldwide leader in sports after having worked in the past
Nebraska’s Legislature took a cautious step forward in the debate over online sports betting on Monday, as the General Affairs Committee advanced an amended version of Legislative Resolution 3CA. The resolution, which passed 5-3, would allow residents to vote on whether the Legislature should be granted the constitutional authority to decide the issue. However, the