Stake is advancing its global expansion by acquiring Italy-based Baldo Line and its Idealbet.it brand. Following the November acquisition of Betfair Colombia, which opened access to the Latin American market, Stake continues its expansion into new regulated markets. Idealbet will strengthen Stake’s foothold in Italy’s mature market, maintaining its brand identity while incorporating Stake’s extensive […]
The New Zealand government has introduced a new regulatory framework for online casinos, aiming to reduce harm while improving consumer protection and tax collection. This new system will require online casino operators to obtain licenses and meet strict criteria before offering services to New Zealanders. Minister of Internal Affairs, Brooke van Velden, stated, “Licensing is
New Zealand to Implement Online Casino Licensing System by 2026 Read More »
Sportingbet and Caesars Sportsbook’s Big Brazil have both submitted their license applications in Brazil, becoming the fourth and fifth operators to do so. Sportingbet applied for a sports betting and igaming license in Brazil on Thursday, July 25. The following day, Caesars Sportsbook’s licensee Big Brazil also submitted its application, joining Sportingbet, Betano, Superbet, and
Caesars’ Big Brazil and Sportingbet Apply for Licenses in Brazil Read More »
Apollo Global Management has announced a $6.3 billion acquisition of International Game Technology’s (IGT) gaming division and Everi Holdings, surpassing the companies’ previous merger intentions. Under the new arrangement, Apollo will separate IGT’s gaming segment and merge it with Everi, a leading supplier of casino technology and payment solutions, into a single enterprise. Everi shareholders
Apollo Acquires Everi and IGT Gaming in a $6.3 Billion Deal Read More »
Leading iGaming tech supplier EveryMatrix has released its Q2 results, showcasing its highest-ever quarterly profit margin. The tier-1 provider reported a revenue of EUR 42.4 million ($46 million) across all products, reflecting a 57% year-on-year increase. Additionally, the company achieved a record-high profit margin of 59%. According to EveryMatrix, Q2 2024 marked its fifth consecutive
EveryMatrix’s Q2 – Record Quarterly Profit Margin Read More »
Robbie Waterhouse, a prominent Australian bookmaker, is facing a hefty fine due to alleged misconduct. Allegations suggest that his platform, RobWaterhouse.com, enticed a player to continue betting after the player had chosen to close his account. Player’s Decision to Close Account In 2022, a customer reportedly requested the closure of their account following a disagreement.
Waterhouse Faces $80K Fine for Encouraging a Player to Bet Read More »
In a significant legal battle over non-compete agreements, the First Circuit Court of Appeals is scrutinizing a former DraftKings executive’s attempt to join rival company Fanatics, despite his non-compete agreement. Michael Hermalyn, the former VP of marketing at DraftKings, is challenging the enforceability of his non-competition clause, a case with broader implications for employment law
Ex-DraftKings VP’s Battle Over Non-Compete Clause Centers on State Laws Read More »
BetBlocker, a UK-based charity offering free blocking software to help players manage their access to online gambling platforms, has been honored with the Jim Wuelfing Annual Award for Prevention at the 2024 National Council on Problem Gambling Awards (NCPG). In a LinkedIn announcement, BetBlocker celebrated its success at the awards ceremony held on July 19.
BetBlocker Wins Prestigious Gambling Harm Prevention Award Read More »
Competition within the geolocation sector is intensifying as more services emerge, according to SportsHandle. Previously, GeoComply and EPIC dominated their respective areas, but today’s market is far more saturated and competitive. In conversations with SportsHandle, representatives from both companies acknowledged that the increase in competition was anticipated. The Market Saturation Was Foreseen Sam Basile, VP
