Posts From: June 2024

Investors seeking £100m payout from Entain

Investors could seek more than £100m in compensation from Entain’s failure to update them on issues with bribery and corruption at the group’s former Turkish operation. The planned action, led...

Finance News
PENN Entertainment CEO pay offer may provoke shareholder revolt

PENN Entertainment faces a revolt from shareholders over its controversial decision on senior bonuses despite making an adjusted EBITDA loss of $196.0 million in the first-quarter. Total compensation of Penn National...

Finance News
20 years in the game: TotoGaming celebrates its anniversary in the gambling industry

It all started with lotto Toto. June 10th, 2024 is an important day for the brand, TotoGaming celebrates its 20th anniversary. The history of Toto dates back to the lotto. Its founders launched TotoBet...

Finance News
US horse race wagering hits $1.4 billion in May

Wagering on U.S. Thoroughbred horse racing increased by 1 percent in May to $1.40 billion, compared to the same month in 2023, despite a decrease in race days and races....

Finance News
Allwyn revenue up 28% to €2.11 billion in first-quarter

Allwyn International has announced its preliminary unaudited financial results for the three months ended 31 March 2024 and provides an update on recent developments and current trading. Total Revenue of €2,108.6 million in Q1...

Finance News
Activist shareholder ups Entain stake to over 5%

Activist investor Eminence Capital has boosted its stake in Ladbrokes owner Entain to 5.8 per cent, making it the third biggest shareholder in the gambling giant. It follows Entain’s decision...

Finance News
Flutter Entertainment lands on TIME’s most influential companies list

Flutter Entertainment has featured on TIME’s list of the top 100 most influential companies 2024. The news magazine published its 2024 list on Thursday morning. It includes businesses from a wide variety...

Finance News
Danish Gambling Authority updates AML guidance

The Danish Gambling Authority has published a revised version of the Danish Gambling Authority’s Guidance on the Prevention of Money Laundering and Financing of Terrorism (the Anti-Money Laundering Guidance).  The...

Finance News
Stake.com billionaires buy more of Pointsbet Holdings stock

Australian tech tycoons Ed Craven and Bijan Tehrani – the visionary co-founders of cryptocurrency casino Stake.com, recently announced their intentions to increase their investment in PointsBet, an ascendant figure on...

Finance News
Spain online gambling revenue tops €350m in first-quarter

The GGR for the quarter was € 350.69 million, an increase of 11.23% quarter over quarter and 15.14% year over year. Regarding the rest of the main figures, deposits and withdrawals of the players,...

Finance News