Online Casinos Must Pay Higher Taxes, Say Horse Racing Leaders
Senior horse racing leaders have spoken out against raising tax rates to align with UK online casinos, which currently pay a higher rate.
Gambling Industry News
Codere Online Q1 Results Show Strength In Latin America
Codere Online Q1 results showed an overall 8% increase in net revenue, up to €57 million. Despite currency swings, performance in Latin American markets, namely Mexico, Colombia, and Argentina, was strong. If discounting currency swings, revenue increased by 17%.
TGP Europe, Sponsor Of 5 Premier League Clubs, Exits UK Market After £3M Fine
TGP Europe, the gambling company behind 5 Premier League sponsors, has withdrawn from the UK market after a £3 million AML fine.
Gambling.com Reports Record Q1 Revenue
Gambling.com Group reported a 39% year-on-year increase in revenue, reaching $40.6 million in Q1. The online betting affiliate group put its success down to strategic acquisitions that have expanded its portfolio.
PointsBet Fined AU$500,000 For Violating Spam Laws And Targeting Problem Gamblers
PointsBet Australia has been fined AU$500,000 (roughly $320,000) for violating Australia's spam rules. The company also breached the nation's laws related to Betstop, Australia's National Self-Exclusion Register (NSER), by promoting gambling to those on the list.
Catena Media Cut Costs After Earnings Decline
Catena Media has implemented cost-saving measures after reporting a 40% dip in EBITDA for Q1 this year. Adjusted EBITDA fell to €0.9 million, from €1.5 million in Q4 2024. Similarly, revenue dropped to €9.8 million, down from €10.2 million in Q4 2024 and €16.0 million in Q1 2024.
Gentoo Media Suffers Q1 Losses Following Brazil Gambling Regulation
Gentoo Media reported €24.8 million in revenue for Q1 2025, marking an 11% decrease from €28.0 million in Q1 2024. This led to a net loss of €2.7 million, a significant downturn from a €9.7 million profit in Q1 2024.
Raketech Revenue Drops By 48% Prompting Shift In Strategy
Raketech Group Holding's revenue declined by almost 50% year-on-year in Q1 results published last week. Revenues totalled €9.8 million, a 48.8% decrease year-over-year from €19.0 million in Q1 2024.
Gambling Industry News
Ohio Introduces Bill To Legalize Online Casinos
Lawmakers in Ohio have introduced a bill proposing to legalize online casinos in the state. The bill aims to legalize online slots, interactive table games (including poker), parimutuel wagering, and iLottery games.
Gambling Industry News
Lawmaker Claims Iowa Capitol Was Testing Ground For Illegal Gambling Investigation
Rep. Megan Jones has accused the Iowa Division of Criminal Investigation (DCI) of using spying software on the Iowa Capitol before monitoring student athletes for online gambling.
Gambling Business News
Flutter Completes Acquisition Of Brazilian Betting Company NSX
Gambling giant Flutter Entertainment announced it has completed the acquisition of an initial 56% stake in NSX Group (“NSX”), a leading Brazilian operator of the Betnacional brand for approximately $350m.
Casino News
Pennsylvania Shut Down Illegal Gambling Network
An illegal gambling network was shut down in Pennsylvania, with police seizing hundreds of unregulated betting machines.
Casino News
Tada Gaming Obtains UK Gambling License
Tada Gaming continues to expand its global operations and has now obtained a UK gambling license from the UK Gambling Commission.
Casino News
UK Amends Gambling Act 2005 To Restrict Casino Gaming Machines
New UK regulations have redefined "gaming table" to include only staff-operated tables, impacting casino machine allowances.
Gambling Business News
Caesars Unveils First In-House Online Casino Game
Caesars Entertainment today announced the launch of its first proprietary online casino game, Caesars Palace Signature Multihand Blackjack Surrender. The game is now live exclusively on Caesars Palace Online Casino in New Jersey. The company recently established its own in-house games studio, Empire Creative, marking an expansion into gaming development for online casinos. In a press […]