Click to listen highlighted text!

BetMGM income nears $2bn in 2023.

BetMGM, the joint venture between Entain and MGM Resorts, generated almost $2.00bn (£1.59bn/€1.86bn) in revenue in 2023, reaching the upper end of its guidance range. Revenue for the 12 months to 31 December 2023 amounted to $1.96bn. BetMGM forecast between $1.80bn and $2.00bn for the full year, with several developments helping to drive growth. In line with

Peru approves gambling rules.

Peru’s Ministry of Foreign Trade and Tourism (Mincetur) has approved the country’s sports betting and igaming regulations. The exhaustive document, known formally as Supreme Decree 005-2023-Mincetur outlines the technical and regulatory requirements for gambling operators wishing to offer their services in Peru. The country’s gaming law is set to enter effect 120 days from the

Could Brazil sports making a bet measure fail in Congress?.

The long-path to regulated sports betting has reached a critical point in Brazil with speculation mounting the National Congress will deny the required approval to Lula’s Provisional Measure (PM) within the 120-day deadline. Last week, lawmakers filed 244 amendments to Provisional Measure (PM) No 1,182, the presidential decree which confirms the 2018 Brazil law regulating

IBIA welcomes Galera.bet as most contemporary member.

The International Betting Integrity Association (IBIA) has announced sports betting brand Galera.bet as its latest member. Match Time Solutions-owned online operator Galera.bet is focused on the Brazil market. Galera.bet joins almost 50 companies and more than sports betting brands within the IBIA network of members. “We are honoured to work with IBIA and to be

Click to listen highlighted text!