Business & M&A

The Pennsylvania State Police (PSP) have launched a public reporting channel for illegal skill games following the October 14 deadline for enforcement. The continued housing of the machines by businesses faces criminal charges, equipment seizures, and confiscation of related proceeds. Suspected vio…

Almost 90 Labour MPs support the initiative to raise the MGD on Category B gaming machines to 40%, ahead of the Autumn Budget presented by the government. The tax hike proposition has also received the backing from Gordon Brown. The initiative is being spearheaded by Alex Ballinger, MP for Halesowe…

Operator of sites such Pub Casino and Quickbet also pulled up over social responsibility and AML failures.

Flávio Bolsonaro leads President Luiz Inácio Lula da Silva by 50.9% to 49.1% in an average of 13 polls published between October 13 and 19, according to Congresso em Foco. Bolsonaro leads in 12 of the 13 surveys, but his advantage has narrowed in five of six polls with earlier runoff results for co…

Amid the increasing tax burden on the UK gambling industry, the Flutter Entertainment has announced its intention to cut up to 1,400 jobs. The group announced to restructure its business. This decision follows the announcement of tax increases on the UK betting and gambling sector, which was includ…

Third-quarter business performance of Marina Bay Sands casino resort (pictured) in Singapore had “some question” attached to it relative to “fallout from China clamping down on offshore tax collections,” says JP Morgan Securities LLC. The institution added that its US$680-million forecast for Marin…

Blueprint Gaming, the developer of a series of IP-inspired, high-performing, well-established games such as Game of Thrones, Megaways, and Cash Strikes, has once again expanded by teaming up with Supergroup in South Africa. Blueprint Gaming Once Again Expands Presence in South Africa The partnershi…

Genting Singapore Ltd could raise up to SGD2 billion (US$1.56 billion) in debt from 2027 to help fund the expansion of the Resorts World Sentosa casino resort (pictured) in Singapore, while also maintaining cash reserves, says CreditSights. The institution had a cautious view on the potential retur…

The Eagles have added two new shows at the Sphere next year, taking their residency to a new limit of 74 shows—more than any other act to play the globular wonder. (The Backstreet Boys sit in a distant second place with 57 shows.) The new dates—Jan. 8 and 9, 2027—slot into an already dense winter […

Shortly after releasing a few games celebrating Halloween, gaming content provider BGaming has also unveiled a seasonal slot inspired by Mexico’s Día de los Muertos celebration. Unlike the Halloween titles that invoke a creepy, yet somewhat playful atmosphere, the new game – Noche De Almas – is all…

Old tax disputes are leaving a fresh mark on earnings. India’s Delta Corp reported an $11.2 million loss for the September quarter, its second consecutive quarterly deficit, after booking a further GST provision. Casino revenue also fell 13.4 percent year-on-year. Meanwhile, Fitch revised Light & W…

With Italy’s retail gaming concessions set to expire at the end of 2026 and the tendering process getting delayed, land-based companies are wary of a potential business disruption. Because of that, Associazione Gestori Scommesse Italia (AGSI), an association representing betting operators, has enco…

Fitch Ratings has praised gaming equipment supplier Light & Wonder Inc for “strengthening” its earnings before interest, taxation, depreciation and amortisation (EBITDA) leverage profile, with leverage “expected to decline to approximately 2.9 times by the end of 2027”. The institution said in a no…

The Missouri Gaming Commission has released its September report, detailing how the gaming industry performed that month. As it turns out, the state’s casino revenue increased, underpinned by a sharp boost in slot gaming that offset a decrease in table game activity. The Overall Performance Was Fav…

SkyCity Entertainment Group chose to pursue two online casino licenses in New Zealand rather than the maximum three to keep its investment within risk-adjusted return targets, CEO Jason Walbridge said. […] The post SkyCity opts for two NZ online casino licenses to meet return targets: CEO first app…

Eeze has expanded its global distribution network through a new agreement with BetConstruct, making its portfolio of slots and live casino titles available to BetConstruct’s operator partners worldwide. The post Eeze signs deal with BetConstruct to for slots and live casino distribution first appea…

With Election Day two weeks away, voters are being inundated with polling information and prediction market data is increasingly part of that landscape, but voters don’t like that. Moreover, a new study by the Brennan Center for Justice indicates that prediction markets’ political event contract da…

With investors pondering the effects of elevated spending and prediction market pressure, shares of DraftKings (NASDAQ: DKNG) are off more than 40% year-to-date, but that decline may be creating an unusual valuation opportunity with the battered gaming stock. In a new report, Morningstar analyst Da…