The High Court of England and Wales has decided against a legal claim by International Game Technology (IGT) regarding the upcoming National Lottery licence transition. IGT and outgoing National Lottery operator Camelot UK both lodged complaints against the UK Gambling Commission’s (UKGC) decision to issue the fourth National Lottery licence to Allwyn in September 2021. Both claims were dropped in …

Flutter Entertainment’s joint venture with the FOX Corporation, FOX Bet, will cease operations later this year, according to a statement from the FTSE100 gaming group. A ‘phased closure’ of the online sportsbook will occur between 31 July-31 August 2023. However, FOX will retain a 2.5% stake in Flutter as well as the option to acquire 18.6% of FanDuel, the latter’s …

Betsson Group’s StarCasino Sport platform has enhanced its visibility in the Italian betting market and sports scene via as ‘official infotainment partner’ of SSC Napoli. The operator has a history of working with the Serie A club, having first partnered with the team between the 2022/23 seasons. Betsson stated that the partnership marks a ‘welcome return’ to working with the …

Altenar has followed up a period of ‘continued worldwide growth’ with the opening of a new headquarters on the Isle of Man. The B2B betting and gaming supplier, which is based in the Isle of Man’s capital Douglas, has cut the ribbon on the new centre to house its legal, compliance and finance teams. Located at the Isle of Man …

FDJ Group has further expanded its international operations through the acquisition of the Irish National lottery, whilst also reporting a strong trading performance throughout H1 2023. Française des jeux reported year-on-year revenue growth of 6% to €1.3bn (€1.2bn), accompanied by recurring EBITDA of €300m, representing a margin of 23.3% although a decline of 3% on €308m recorded in H1 2022. …

The impact of developments in the low countries over the past year has been felt by many international betting firms and Kindred Group is no exception to this, in both a positive and negative sense.  Group CEO Nils Andén, and CFO interim Patrick Kortman, outlined how market conditions in the Netherlands and Belgium had influenced Kindred’s Q2 financial performance in …

After over two years of waiting, the betting industry and research, education and treatment sector (RET) finally learned the proposals of the Gambling Act review when the White Paper was published in April. The generational legislative overhaul of the UK’s regulatory framework for betting laid out a series of recommendations for change. This has included a mandatory levy to support …

GG.BET has further expanded its international reach by launching in the UK for the first time, entering the market through a deal with Rednines Gaming. Based in London, Rednines has been trading as DR.BET – a sports betting and casino platform – since its foundation in 2019. However, after securing the rights to use the GG.BET trademark, the company will from …

XLMedia (XLM) has kept faith in its European and North American performance despite a slowdown in both revenue and EBITDA during H1 2023, although the media publisher stated that these results were in line with management expectations. Total revenue for the first half of the year fell by 34% from $44.5m in 2022 to $29.4m, whilst EBITDA also dropped by …

The Brazilian Institute of Responsible Gaming (IBJR) has harshly criticised the tax proposals of the nation’s upcoming regulatory framework for sports betting. Signed off by President Lula da Silva earlier this week, ‘provisional measure No-1182’ has set out provisions for a nationally regulated betting market. This includes an increase in tax on licenced operators of 18%, prompting a negative response …