Underdog raises $35m to pursue sports betting
The round included funds and accounts managed by BlackRock as well as Acies Investments and valued the business at $485.0m. BlackRock and Acies join existing investors including...
India’s GST Council keeps 28% gambling turnover levy as tax take soars
The decision relates to a six-month review of its tax hike, which came into force in October 2023. India’s minister of finance and corporate affairs Nirmala...
Lottery.com unable to pay employee wages
The board also outlined in strong language the company’s precarious position, saying that it “does not currently have sufficient financial resources to fund its operations or pay...
MGM won’t exercise Osaka escape clause
More than a year after winning Japan’s one and only casino licence, MGM Resorts International has demonstrated it’s all-in on the project.The US gaming giant has surrendered...
Kindred authorised to buy back up to 23 million shares
The mandate was issued at Kindred’s extraordinary general meeting. The buy-back will take place from 1 August 2022 until Kindred’s next annual general meeting. However, no repurchasing...
Rosalind Wade: The power of reinvention and self-belief
Like many people, the Covid-19 pandemic in 2020 turned my life and career upside down. By the time countries began locking down, I had lived in Asia...
Loot.Bet launches Isle of Man site
React acquired Loot.Bet owner Livestream Gaming in April, after which it changed its name to React from Intema. The launch took place on 31 July, with Loot.Bet...
US betting revenue round-up: New Illinois tax structure, Indiana, Iowa, West Virginia
Starting in Illinois, July was the first month of new tax rules in Illinois. The previous 15% flat AGR rate was replaced by a sliding scale, ranging from...
MGA cancels DGV Entertainment’s licence over missed payments
DGV had been operating the AurumPalace and FlipperFlip brands under the licence, but the permit has now been withdrawn by the regulator. In its ruling, the MGA...
MLBPI slaps four US operators with name, image and likeness suit for using players...
The suits were filed Monday (16 September). The DraftKings-bet365 suit was filed in the US District Court for the Eastern District of Pennsylvania, and the FanDuel-Underdog suit...
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