CORPORATE NEWS

Flutter CEO warns higher taxes will drive bettors to unlicensed operators

Peter Jackson, CEO of Flutter Entertainment, has raised alarms over recent proposals in several U.S. states to increase gambling taxes. His concern? Such hikes might inadvertently push consumers toward unlicensed, untaxed operators, undermining both regulated businesses and state revenues. It’s a warning that legislators would do well to heed, especially in light of the complexities of managing an ever-growing online gambling market in the United States.

France’s gambling GGR rises 3.8 percent amid tax hike concerns

In the first half of 2024, France’s gambling industry experienced a 3.8 percent rise in gross gaming revenue, totalling $6 billion. This growth was driven by the strong performance of FDJ and the booming online sports betting market.

Galaxsys partners with Betika to expands its reach in Africa

Galaxsys, an innovative gaming solutions provider has entered a partnership with Betika, a sports betting operator in Africa to integrate its portfolio of games into Betika’s online platforms.

WorldMatch announces partnership with KGI to enter Philippine market

WorldMatch announces partnership with KGI, marking a significant milestone in its expansion into the Philippine market.

NetGaming secures agreement with Caesars Entertainment

Online casino provider NetGaming has entered into partnership with hotel and casino entertainment company Caesars Entertainment.

Australian Leisure and Hospitality Group fined for allowing underage gambling 

The Australian Leisure and Hospitality Group (ALH) has been fined AUD177,500 (€109,392) after pleading guilty to 24 charges relating to underage gambling and improper supervision of electronic betting terminals.

OlyBet becomes official sponsor of Open de France

OlyBet has created a buzz by securing a new sponsorship deal with the Open de France, becoming the official sponsor of this esteemed golf tournament. This partnership marks a significant milestone in sports betting, enhancing OlyBet’s brand visibility and engagement with sports enthusiasts.

Tax raid threat shakes Flutter triggering 6% share drop

Flutter Entertainment, the UK-based parent company of FanDuel, saw its shares tumble by 6 percent after reports emerged that the UK Treasury may be planning a significant tax increase on the gambling sector.

EveryMatrix on track to complete acquisition of Fantasma Games

EveryMatrix recently announced that it has successfully completed its public cash offer to acquire Fantasma Games, with an impressive 95.19% of shareholders accepting the deal. This acquisition represents a significant milestone for EveryMatrix as it aims to expand and improve its gaming portfolio.

Major gaming association forms new international partnership

Three of the most prominent gaming associations—AGA, ECA and BGC—have decided to enter an international partnership.