Racing News

La Française des Jeux (FDJ)

FDJ agrees €175m acquisition of ZEturf

La Française des Jeux (FDJ) has concluded its discussion with ZEturf Group with an agreement to acquire the online horseracing and sports betting operator.

FDJ announced in September that the company had entered into exclusive negotiations with ZEturf, with those negotiations now resulting in an agreement to buy the business for [...]

1 min read
Dublin, Ireland

Irish Government approves publication of Gambling Regulation Bill

The Government of Ireland has approved the publication of a long-awaited bill to regulate online and land-based gambling.

Irish premier Micheál Martin described today’s Cabinet approval as significant and the bill as “unquestionably a major milestone”.

“It is an important and necessary piece of legislation, designed to meet the challenges of gambling [...]

1 min read

Everi reports net income growth to $29.4m in Q3

New York-listed gaming supplier Everi Holdings has reported a 21 per cent increase in revenue to a record $204.3m in the third quarter of 2022.

The strong revenue growth was driven by a 27 per cent increase in revenue from the Fintech segment on higher hardware and software sales, and 17 [...]

1 min read

Wynn Resorts narrows Q3 loss despite fall in revenue

Wynn Resorts has reported a 10.5 per cent fall in revenue for the third quarter of the year, with lower casino revenue offsetting growth in hotel, dining, retail and entertainment.

Revenue in the third quarter of the year fell to $889.72m from $994.64m a year ago, as casino revenue fell by [...]

1 min read
Flutter Entertainment

Flutter Entertainment benefits from US and International growth in Q3

Flutter Entertainment has reported a 31 per cent increase in revenue to £1.89bn in the third quarter, with declining revenue in Australia and UK & Ireland Retail offset by strong growth in other markets.

The third quarter revenue growth was driven by a 17 per cent increase in Sports revenue to [...]

1 min read

Kindred Group to launch Gamban on Unibet France

Online betting and gaming operator Kindred Group is taking another step towards its goal of eliminating revenue from harmful gambling with the rollout of the Gamban software in France.

Gamban, the independent online gambling blocking software, will be made available to players in France for the first time beginning November 10. 

The [...]

2 mins read

Western Australia terminates WA TAB sale process

The government of Western Australia has terminated the WA TAB sale process after failing to identify opportunities that are in the long-term interest of both the state and local racing industry.

After an initial sale process was halted due to COVID-19, the state government announced the commencement of a new sale [...]

1 min read
Danske Spil

Klasselotteriet acquisition pushes Danske Spil revenue up to DKK3.6bn

Denmark’s state-owned gaming operator Danske Spil has reported a 2 per cent increase in gross gaming revenue (GGR) to DKK3.60bn (€483.7m) for the nine-month period ended 30 September.

The company’s core Danske Lotteri Spil division saw GGR fall by 1 per cent to DKK2.01bn, with a strong performance from the Eurojackpot [...]

1 min read

PENN Entertainment revenue climbs to $1.63bn in third quarter

New York-listed racing and gaming operator PENN Entertainment has reported solid results for the third quarter of 2022 as revenue climbed 7.5 per cent to $1.63bn.

The company’s Interactive division recorded the biggest growth as Q3 revenue rose 71 per cent year-on-year to $158.7m, while PENN’s land-based operations also performed well [...]

1 min read
Churchill Downs

CDI completes $2.75bn acquisition of Peninsula Pacific Entertainment

New York-listed Churchill Downs Incorporated (CDI) has expanded its footprint into Virginia, New York and Iowa after completing the acquisition of Peninsula Pacific Entertainment for $2.75bn.

Following an initial agreement in February, the acquisition was completed after CDI received licensing approvals from the Virginia Racing Commission, the New York State Gaming [...]

1 min read

Nevada gambling revenue surpasses $11bn in 2022

Nevada’s gambling market generated revenue of $1.25bn in September 2022, an increase of 7.9 per cent year-on-year, taking the state’s total gambling revenue above $11bn in the year to date.

Statewide revenue from slot machines increased by 10 per cent to $858.1m, representing 69 per cent of gambling revenue in September, [...]

1 min read
Paul Scully MP-DCMS

BGC welcomes Paul Scully as Britain’s new gambling minister

Britain’s Betting and Gaming Council has welcomed the appointment of Paul Scully MP as Minister responsible for the betting and gaming industry.

Scully becomes the third minister to hold the position this year after Chris Philp resigned from the role in July, with Damian Collins announcing his resignation last week.

Scully will [...]

3 mins read
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