Waterhouse VC: The next era of prediction markets Summary Prediction markets — platforms where users buy and sell binary contracts on future events — are accelerating from niche experiment to mainstream wagering channel. Waterhouse VC highlights major funding rounds, broker integrations and AI features that are driving growth. Key developments include Kalshi raising $185m at […]
KKCG sells 4.27% Allwyn stake to J&T Arch Investments Summary KKCG has sold a 4.27% equity stake in Allwyn International to Czech fund J&T Arch Investments, valuing Allwyn’s share capital at €11.20 billion. The transaction, executed via KKCG’s Allwyn AG, will deliver around €500 million in proceeds to KKCG while leaving it with a 95.73% […]
Ontario online gambling revenue edges up to CA$311 million in July Summary Online gambling revenue in Ontario reached CA$311 million (US$226 million) in July 2025, a 29% increase year‑on‑year and 1% higher than June. The total fell short of May’s record CA$338 million. Breakdown of July revenue: online casino generated CA$252.3 million (81%), internet sports […]
Betr slashes net loss in FY25, PointsBet rebuffs latest takeover proposal Summary Betr Entertainment reported substantial top-line growth in FY25 following consolidation activity, with wagering revenue rising 129.3% to AU$132.3m. Rapid post-merger integrations (BlueBet/Betr and TopSport) delivered earlier-than-expected cost synergies and drove gross profit up 89.6% to $58.4m. After factoring in discontinued operations and a […]
Tourism analysts: South Korea casino industry overdue for an overhaul Summary South Korea’s casino sector grew strongly in 2024 — gross gaming revenue reached almost KRW3.23 trillion (US$2.30bn), up 18.3% year-on-year, while foreigner-only casino visitation rose 42.4%. Industry and tourism leaders warn that momentum could be threatened by rising regional competition, notably Japan’s MGM Osaka […]
PointsBet reduces net loss in FY25, MIXI edges closer to takeover Summary PointsBet reported a stronger FY25: group revenue hit a record AU$261.4m (up 6% year‑on‑year), normalised EBITDA turned positive for the first time at AU$11.2m, and net loss narrowed to AU$18.2m. Australia remained the largest market with AU$218.5m in revenue despite a 14% fall […]
Intralot dips to net loss in H1 despite revenue growth Summary Intralot reported group revenue of €168m for H1 2025, a 1.7% rise year-on-year, but still slipped to a small net loss for the period. Lottery remained the core income stream (53%), with sports betting (22%), video lottery terminals (12.8%) and IT products/services (12.2%) making […]
Why bookie for Ohtani interpreter received a lighter sentence than feds recommended Summary Matt Bowyer, a prominent illegal bookmaker linked to Ippei Mizuhara (Shohei Ohtani’s former interpreter), was sentenced to 12 months and one day in federal prison and ordered to pay $1.6m in restitution. The sentence is shorter than the 15 months prosecutors recommended, […]
Celebrity gambling ads heavily influencing children, GambleAware survey says Summary GambleAware has released research — compiled by Social Finance and Sherbert Research — showing children and young people in Great Britain are being exposed to gambling content at “unprecedented levels.” The findings come from two surveys: one of 634 pupils across schools in the South […]
Norsk Tipping handed NOK46 million penalty over Eurojackpot and Lotto errors Summary The Norwegian Lottery and Foundation Authority (Lottstift) has approved a NOK46 million fine for state-owned operator Norsk Tipping after finding a long-running technical error affected Eurojackpot “extra” and Lotto “super” draws. The fault, present since 2015, gave cooperative players a higher chance of […]
