The future of Bet365 is being weighed-up by the Coates family, triggering a new round of M&A speculation for the global gambling sector. Reported by The Guardian this morning, Denise Coates, CEO of Bet365 “has held talks with Wall Street banks and US advisers in recent weeks about a full or partial sale, sources familiar with the matter said.” Discussions …
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Isidore Partouche, French casinos’ Grand Visionaire passes at 94
Groupe Partouche has paid tribute to its founder, Isidore Partouche, who passed away yesterday at the age of 94. Recognised as a pioneer of gambling and entertainment, Isidore Partouche laid the foundations of the Partouche family empire, which now includes 44 casinos and 12 hotel resorts across France, Switzerland, Belgium, and Tunisia. His journey in the gambling industry began in …
Read More »Flutter closes SNAI acquisition to begin new Italian Play
Flutter Entertainment has sealed its €2.3bn acquisition of Snaitech SPA, making its decisive play in its ambition to dominate Italy’s online and retail betting sector. The LSE/NYSE-listed gambling group launched its bid to acquire Snaitech from Playtech in September 2024 , thereby securing control of the SNAI brand—Playtech’s principal B2C unit. The deal further strengthens Flutter’s foothold in a reorganised …
Read More »Kambi Q1 exposed by margin declines
Kambi Group Plc stands firm in its expectation to meet its full-year 2025 targets despite Q1 trading by headwinds impacting results. The Stockholm-listed sports betting technology group branded the Q1 period as resilient, despite performance being affected by an “almost unprecedented run of player-friendly results”. The company generated revenue of €41.5m during Q1, marking a 4% decrease from Q1 2024’s …
Read More »Stella David: Stability is key for Entain to regain Plc trust
Stella David believes that 2025 is the platform for Entain to return to profit and restore its PLC status and investor trust. This morning, David made her first statement since accepting the duties of leading the FTSE gambling group as permanent CEO. Prior to presenting Q1 results, David reflected on taking on the CEO role: “Entain is a business with …
Read More »Polish Gambling… Stuck in the Grey Zone
The 17th European Economic Congress, held in Katowice, saw Polish gambling executives acknowledge that existing regulatory shortfalls have enabled the black market to encroach on Poland’s beleaguered and disoriented gambling sector. A panel of gambling stakeholders at the European Economic Congress recognises that “the online casino market in Poland is largely beyond the state’s control”. An earnest assessment of Poland’s …
Read More »Entain backs Stella David as CEO to continue positive swings
Entain Plc has announced that Stella David has accepted the role of CEO of the FTSE gambling group on a permanent basis. The appointment headlined Entain’s Q1 trading update, which revealed better-than-expected financial results across its online and retail units. David, who had been serving as CEO on in interim capacity, following the shock departure of Gavin Issacs in February …
Read More »HMRC opens consultation to apply single standard on Remote Gambling Taxes
HMRC has launched a consultation seeking feedback on “the tax treatment of remote gambling” to be applied on UK licences. The consultation will run for a period of 12 weeks, closing at midnight on 21 July 2025, with stakeholders invited to submit responses via an online form. A revision of the current structure of remote gambling duties is due, as …
Read More »Brazil: Betting advertising a battle of sense vs sensitivity
Brazil’s Senate has waded into a minefield of opinions over new gambling advertising laws, with no side yielding any ground. The Bets regime faces yet another fracture, testing political nerves and public sensitivities alike. The Senate of Brazil has heard opposing views on whether to proceed with further legislation of gambling advertising as part of the ‘Bets’ regulating betting regime. …
Read More »UK Racing secures 2025 funding of People Board’s workforce programme
The British Horseracing Authority (BHA) has secured funding to continue the activity programme of the Horseracing Industry’s People Board (HIPB). Established in 2023, the People Board serves as an “industry-backed strategy to attract and retain a highly skilled and well-supported workforce across British racing and breeding.” To continue the HIPB workforce and skills development programme, the BHA has secured funding …
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