Financial Gambling Related News

UK gambler Andrew Green, 54, has finally won his 3-year court case against online casino operator Betfred and its owner, Gibraltar-based Petfre. Betfred is now required to pay Mr. Green the £1.5 million ($2,057,000) he won back in 2018, plus £500,000 ($685,000) in interest and compensation payments. Mr. Green won the prize that made him …

Ladbrokes Coral and BetMGM owner Entain, rebranded last year from GVC Holdings, has released its 2020 earnings report – and it looks good for the British conglomerate. Entain saw company-wide profits rise to £530 million ($728,137,850) during 2020, up 2% on the previous year’s figure. Total revenue increased by even more. In what was one of the world’s …

Billion-dollar-plus hedge funds GWM Asset Management and HBK Capital Management sent a letter to William Hill’s board with the aim of torpedoing the £2.9 billion (almost $4 billion) takeover bid from US casino giant Caesars. We first reported on a potential merger between UK gambling giant William Hill and US casino mainstay Caesars back in September …

US land-based casino giant Bally’s Corporation, not to be confused with slot developer Bally Technologies, has confirmed this week it has tabled a $2.7 billion takeover bid for British online casino firm Gamesys. Shortly after, Gamesys’ board told shareholders they intended to accept the offer. Between board members, founders, and other executives, they hold about 30.7% …

Like almost everybody in the gambling world during the COVID-19 pandemic, Isle of Man-based company Playtech has had a bumpy year. Overall revenues for the company have dropped as much as 25%, although it still managed to bring in over €1 billion ($1.194 billion). That admittedly still large figure was not enough to cover Playtech’s …

Golden Nugget Online has become the second US-based online operator to sign a deal in the state of New York – despite the state not having legal online gaming just yet. Golden Nugget Online has signed a 20-year first option deal to provide an online site for Tioga Downs Racetrack, should online betting or casino …

One of the world’s biggest gambling companies, Flutter Entertainment, has announced it will no longer allow credit card deposits from Irish customers. Also to come is a whole load of other changes geared towards a commitment to safer gambling. The news comes after Ireland’s Labour party told the press last week that it wants to …

White-label casino operator White Hat Gaming has now seen the details of a £1.3 million ($1.782 million) settlement it reached with UK regulators last month. The above sum will be paid towards various problem gambling charities under the umbrella of the UK’s National Strategy to Reduce Gambling Harms. White Hat Gaming is a global white …

Offering online gamblers a blank box to put in their own deposit limits, as opposed to pre-set options provided by the operator, can cut total gambling spend by an average of 40%, says a new paper from the UK’s Behavioral Influence Team (BIT). According to the team, this effect is down to the psychological Anchoring …

Last week, we reported on the massive $11 billion merger between UK-based Entain (formerly GVC Holdings) and American casino giant MGM. This week, Entain hit the newsreels with its own purchase as it saw its $336 million offer for Eastern European gambling firm Enlabs falter before the final hurdles. Despite Enlabs’ board recommending shareholders accept the …