Two largest operators would see taxes in the state increase by an estimated $126 million New Jersey hasn’t officially approved governor’s plan to boost iGaming, sports wagering taxes DraftKings and FanDuel, the two largest online sportsbook operators in the US, would bear the brunt of increases should New Jersey approve proposed iGaming and sports betting […]

Continue Reading →

Part of $5 billion buyback program announced last year Announcement arrives a day after FanDuel parent delivered quarterly results Flutter Entertainment (NYSE: FLUT) said Wednesday it plans to repurchase as much as $300 million worth of its shares in the second quarter under the $5 billion buyback plan it announced last September. The Flutter logo […]

Continue Reading →

Santander sending messages about problem gambling support to UK customers even if spending is low Bank accused of “massive overreach” British bank Santander UK has been accused of “massive overreach” for sending out messages to customers expressing concern about their gambling, The Racing Post reports. Santander says the messages are a way of offering support […]

Continue Reading →

Flutter forecasts sizable 2025 EBITDA, revenue growth US operations could represent close to half of 2025 sales Flutter Entertainment (NYSE: FLUT) announced impressive 2025 earnings before interest, taxes, depreciation, and amortization (EBITDA), and revenue guidance on Tuesday — outlooks that accompanied the gaming company’s fourth-quarter results. The Flutter logo as seen in an investor deck. […]

Continue Reading →

BetMGM is terminating 83 employees in New Jersey The layoffs are at BetMGM’s headquarters BetMGM is primarily engaged in sports betting and iGaming BetMGM is reducing its overhead at its New Jersey headquarters by showing dozens of workers the door. The BetMGM Sportsbook at Gila River Resorts and Casinos Lone Butte in Chandler, AZ. BetMGM […]

Continue Reading →

A New Jersey Superior Court judge has ordered that the authors of a notorious anonymous report that wiped $3 billion off the market cap of gaming software giant Evolution AB should be named. Evolution claims it was defamed by a shadowy competitor whose identity will be revealed before the end of this week. Watch this […]

Continue Reading →

ESPN Bet could be on borrowed time There’s a three-year out clause in contract between Penn and Disney Penn Entertainment’s (NASDAQ: PENN) ESPN Bet unit could be on the chopping block next year if the online sportsbook doesn’t garner more momentum between now and the end of 2026. The ESPN Bet logo. Parent company Penn […]

Continue Reading →

Company had also received competing bid from BlueBet Deal comes as PointsBet issues H1 FY 2025 report Total net win in Canada (sportsbetting and igaming) up 18% PointsBet’s board has announced the company is accepting a takeover bid by Japanese consumer technology company MIXI Inc., the same week it released financial results for the first […]

Continue Reading →

Stock plunged today despite Q4 earnings beat, rosy guidance Canada, Latin America contribute to bull case Despite a fourth-quarter results that soundly beat estimates and the lifting of 2025 revenue guidance, shares of Rush Street Interactive (NYSE: RSI) plunged 15.26% today on volume that was more than triple the daily average. A Rush Street Interactive […]

Continue Reading →

New Jersey iGaming and online sportsbook taxes could go up Gov. Phil Murphy has proposed a record spending plan New Jersey taxes iGaming and online sports betting less than Pennsylvania New Jersey is home to one of the richest iGaming and sports betting markets in the United States. The state’s governor wants a bigger piece […]

Continue Reading →