Financial Gambling Related News

The United Kingdom Gambling Commission recently issued a £2.87 million fine to Petre (Gibraltar) Limited for its operation failures. As an avid online casino player, I have always been very interested in what goes on behind the scenes. The inner workings of the industry, if you will. This is why I love reporting these sorts …

The Swedish regulator Spelinspektionen has made AB Trav och Galopp pay dearly due to a technical problem. Responsible gambling is an issue that no gaming operator should take lightly. The Swedish horseracing brand AB Trav och Galopp (also known as ATG) was recently reminded of this when it was issued a hefty 2 million SEK …

Globally operating UK-based bookmaker William Hill is to see all of its operations outside the US auctioned off by its new owner, Caesars Entertainment. The giant US land-based and online casino operator Caesars only recently bought out the entire William Hill business after fending off a late lawsuit from hedge fund shareholders in the British …

US casino and online betting giant Caesars has posted its first quarterly financial report of 2021, and it shows it made a loss of $423 million over the first three months of the year. That’s despite revenues increasing threefold on last year’s figure, from $473 million to $1.7 billion. However, the market was clearly still …

Irish-based betting conglomerate Flutter is one of the world’s biggest online gambling companies. So far this year, it seems it’s only getting bigger, with its Q1 2021 report showing a strong growth rate on revenue figures from the same time last year. The owner of Betfair, Paddy Power, PokerStars, and more reported £1.485 billion ($2.069 …

Swedish-based live casino and slots provider Evolution have agreed on a deal to buy out one of the world’s most innovative online slots developers, Australia’s Big Time Gaming. The €450 million-euro ($532 million) deal will see Evolution take over all of the Aussie developer’s operations. Big Time Gaming is known for developing the popular MegaWays …

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% …