Sector: Operators

BetMGM revenue, cash flow surge

29 July 2025 at 12:36pm UTC-4
Second-quarter net revenue for BetMGM shot up 36% and cash flow leapt from US$8 million to US$86 million. The company released those numbers in the predawn hours of 29 July ...

BetMGM looks toward premium customers for growth

29 July 2025 at 12:33pm UTC-4
“Our business has truly inflected,” BetMGM CEO Adam Greenblatt said of his company’s second-quarter earnings during a 29 July investor call. BetMGM reported US$692 ...
GLI email

Sports betting margins hit record heights, Jefferies analyst says

29 July 2025 at 11:42am UTC-4
“After several consecutive quarters of unfavorable sports results, [the second quarter] is on track to deliver a record sports margin outcome,” Jefferies Equity Research ...

President Marcos skips online gambling ban in state of the nation address

29 July 2025 at 7:12am UTC-4
Philippine President Ferdinand R. Marcos Jr delivered his fourth state of the nation address on Monday but left out the rising contentious issue of whether to regulate or ban ...
G2E web email

Rhode Island online casino revenue up more than 109% in June

29 July 2025 at 7:05am UTC-4
Online gambling revenue in Rhode Island hit US$4.9 million in June 2025, a 109.4% rise from the US$2.3 million generated in June 2024. Revenue also increased by 1.5% from May 2025 ...

DC lawmakers revisit 300-year-old gambling law

29 July 2025 at 6:51am UTC-4
A 300-year-old law has been brought back into relevance by a Delaware LLC called Gambling Recovery, after it was invoked in a lawsuit against sportsbook operators in Washington ...
PayNearMe

Brazilian sports betting generates BRL3.79 billion in H1 tax revenue

29 July 2025 at 6:32am UTC-4
The Brazilian sports betting industry has generated BRL3.79 billion in tax income since its launch in January 2025. Brazil’s federal revenue service, the Receita Federal do ...

Allywn North America exec appointed CEO of The Lottery Corporation in Australia

29 July 2025 at 6:12am UTC-4
Australian lottery provider The Lottery Corporation has announced Wayne Pickup as its new Managing Director and Chief Executive Officer. Pickup, currently the Chief Executive ...

Carnegie Mellon professors launch sports betting awareness course

29 July 2025 at 6:03am UTC-4
As gambling continues to grow on US college campuses, a Carnegie Mellon University statistician has teamed up with a neuroscience professor to teach students about the risks ...

Cebu archbishop-designate calls for online gambling ban

28 July 2025 at 7:31am UTC-4
The archbishop-designate of Cebu in the Philippines has called on Philippine President Ferdinand Marcos Jr. to ban online gambling in the country permanently. Alberto Uy, who ...

Apple iSports confirms acquisition of LBC Enterprises

28 July 2025 at 7:27am UTC-4
Australian online gaming technology and infrastructure provider Apple iSports has agreed to take over online gambling platform operator LBC Enterprises. The deal is expected to ...

7777 Gaming announces partnership with Betano in Brazil

28 July 2025 at 7:23am UTC-4
Online gaming developer 7777 Gaming has expanded its presence in Latin America by partnering with the online sportsbook Betano, operated by Kaizen Gaming, in Brazil. As part of ...

DigiPlus global expansion continues with South Africa launch

28 July 2025 at 7:01am UTC-4
Filipino gaming technology firm DigiPlus Interactive has revealed plans to expand into South Africa, representing the latest stage of its global expansion strategy. As part of ...

Kalshi announces partnership with Elon Musk’s xAI

28 July 2025 at 6:52am UTC-4
Online prediction platform Kalshi has confirmed a partnership with Elon Musk’s artificial intelligence startup xAI, bringing the Grok chatbox to Kalshi’s trading platform ...

Australian regulator issues remedial direction to ReadyBet for targeting self-excluded players

28 July 2025 at 6:42am UTC-4
The Australian Communications and Media Authority has issued a remedial direction to Australian sportsbook ReadyBet after the operator targeted customers who had registered with ...