H2GC: UK gambling tax hike will yield only half of Treasury’s expected windfall
Planned increases in UK gambling taxes will yield approximately £800 million ($1.06 billion), only half of what the treasury has forecast, according to new analysis by H2...
Acquisitions boost Acroud revenue and profit in Q3
The business noted that the sharp rise in revenue was due to a number of new businesses that it acquired in the past year. Acroud acquired Power...
Genting Bhd fails to privatise Genting Malaysia, wins NY casino licence the same day
On Monday Malaysian conglomerate Genting Bhd failed to take control of leisure and hospitality arm Genting Malaysia (GENM). The parent needed 75% of GENM shares to privatise...
IG Group completes debt financing and reveals new funding structure
The refinancing initiative included the issuance of £300m in senior unsecured bonds that are due in 2028 and carry a 3.125% interest rate. This, IG Group said,...
Where is Cassandra Li Ong? Fugitive POGO operator may have fled Philippines for China
A Philippines government official says Cassandra Li Ong, charged with human trafficking in connection with Philippine Offshore Gaming Operations (POGOs), has likely returned to her Chinese homeland....
Philippine gambling revenue continues to recover in Q3
This was a rise of 52.5% compared to the third quarter of 2020. A total of PHP1.68bn came from PAGCOR-operated gaming venues, a rise of 83.9% year-on-year....
Flutter Brazil reshapes leadership structure as Studart becomes chairman
Former Flutter Brazil CEO João Studart has assumed a new leadership role as the business arm’s chairman, with Eduardo Monte taking over Studart’s previous position at the...
Intema secures TSXV approval for Loot.Bet acquisition
Intema in May signed a letter of intent to purchase Livestream for $14.75m, split $8.0m in cash, $4.0m issued by a secure vendor and $2.75m in a share issue...
North Carolina achieves sports betting handle record in November
North Carolina set a new sports betting handle record for the second consecutive month in November, while revenue reached its second-highest monthly total since the state launched...
GambleAware recommissions Fast Forward for Scottish Gambling Education Hub
Fast Forward has overseen the facility since its launch in 2018, working with young people and the adults in their lives to raise awareness of gambling harms,...
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