Gambling Clear News
MGM Resorts International reported record revenue of $3.97bn (£3.23bn/€3.71bn) in Q3 in spite of the upheaval called by the major cyberattack. The attack took place towards the end of Q3 on 11 September, with MGM forced to shut down certain systems. MGM has already revealed the attack had a negative adjusted property EBITDAR impact of approximately $100.0m.
Chris Rogers, chief strategy officer at Penn Entertainment, has outlined how Penn and ESPN will operate the highly-anticipated ESPN Bet in Massachusetts. Rogers presented the operating plan during a public meeting of the Massachusetts Gaming Commission (MGC) on 7 November. The meeting was held to review Penn Entertainment’s divesture of Barstool and its $1.5bn deal
Better Collective has acquired Playmaker Capital for a total price of €176m (£153m/$188m) with an expected close in Q1 2024. According to Better Collective, the deal will make it the market leader in South America and “enhance North American leadership”. In financing the purchase, Better Collective will be using shares for 65% and 35% cash.
Indian authorities have issued blocking orders against 22 betting apps and websites it says have been operating illegally. Full details of those operators blocked by Ministry of Electronics and Information Technology (MeitY) were not disclosed. However, the MeitY confirms that both Mahadev Book and Reddyannaprestopro face blocking orders. MeitY says it is taking action following
Maine has today (3 November) officially opened its legal sports betting market, with both Caesars and DraftKings already live in the state. Milt Champion, executive director for the Maine Gambling Control Unit (GCU), only told iGB of the launch plans in the middle of the week. Now, just a few days later, the sports betting market
Nevin Truesdale, CEO of The Jockey Club’s is rallying opposition against the proposed implementation of financial risk checks on online gamblers in the UK through an online petition. The petition, entitled ‘Stop the implementation of betting affordability/financial risk checks’, went live on Wednesday. By 5pm UK time on Friday, the petition had more than 43,500
The International Tennis Integrity Agency (ITIA) has issued bans to three professional players after ruling they took part in match-fixing activities. Kazakhstan’s Timur Khabibulin, Sanjar Fayziev of Uzbekistan and Igor Smilansky from Israel have all been banned for match-fixing. The ITIA says each player breached its Tennis Anti-Corruption Program (TACP). Khabibulin faces a lifetime ban
Gambling revenue in Macau totalled MOP19.50bn (£1.99bn/€2.29bn/$2.42bn) in October, the highest monthly amount since before the pandemic. The total is up 400.2% from MOP3.90bn in Macau in October of 2022 and 30.5% ahead of MOP14.94bn in September this year. The figure is also the highest monthly total so far this calendar year. Perhaps more importantly, it
Great Britain saw a year-on-year fall in online real-event betting despite a rise in overall online gambling yield, according to the latest data from the Gambling Commission. Earlier today, the Commission announced the appointment of seven new commissioners. Covering the three months to 30 September, online total gross gambling yield (GGY) was up slightly by
The Philippine Amusement and Gaming Corporation (Pagcor) posted revenue of PGP55.95bn (£811.4m/€929.4m/$984.4m) for the first nine months of its financial year. Pagcor said the majority of revenue in the period was designated as gaming and operations, with this amounting to PHP51.66bn. The nine months cover the operating period through to 30 September 2023. A further
