News

Key Moments: Italian authorities placed precautionary measures on 15 suspects across Cosenza. Investigators seized 145 modified slot machines and roughly €80,000 in cash. An ADM official allegedly leaked inspection dates to help operators hide illegal hardware. Widespread Investigation Targets Alleged Manipulation and Insider Leaks Italian prosecutors are investigating a network that allegedly ran a major slot machine fraud scheme. The group tampered with gaming machines, hid betting income, and bribed an official at the Customs and Monopolies Agency (ADM). Consequently, Cosenza prosecutors and Carabinieri police officers placed 15 individuals under…

Key Moments: New York sports betting handle in September exceeded $2.4 billion, up 5% from September 2025 First six months of the 2026/2027 fiscal year saw nearly $12.6 billion bet, a 6.9% increase over the prior year Sportsbook revenue in New York declined 5.8% to $1.1 billion over the past six months despite higher betting volume New York Betting Handle Maintains Momentum Despite ongoing debates within the regulated gambling industry about the competitive impact of prediction markets, sports betting activity in New York has continued to increase. According to the…

Key Moments: House Bill 2879 limits online gamblers to two deposits every 24 hours. Customers aged 21 to 25 face a $2 wager cap per play and mandatory loss breaks. The proposal bans credit cards, assistance cards, bonuses, prop bets, and VIP programs. Overview of Proposed Legislation Pennsylvania lawmakers want to protect consumers in the state’s expanding online gambling market. Nine state representatives recently introduced House Bill 2879 to establish strict guardrails for online gambling platforms. Specifically, Rep. Tarik Khan leads the effort to curb aggressive marketing and address gambling…

Key Moments: Liberia has enacted Regulation No. 005 of 2026, establishing an $80,000 licensing fee for both online casino and prediction market operators. Administrative fees and penalties have increased, and a Central Lottery Management System will allow real-time monitoring of gambling activity. The new rules, effective since October 1, 2026, introduce strict advertising limits and a formal prediction market framework. Regulatory Update Brings Comprehensive Framework Liberia has unveiled a significant update to its gambling regulations, following the adoption of Regulation No. 005 of 2026 by the National Lottery Authority (NLA).…

Key Moments: Evolution (STO: EVO) grew Q3 revenue by 3.7% to €526.1 million ($590 million) Brazil’s ban on regulated online gambling prompted Evolution to close its local studio on October 5 Share buybacks are set to decelerate as Evolution targets further U.S. expansion, including a new New Jersey studio Financial Results Signal Stability In its latest Q3 report, Evolution (STO: EVO) announced a 3.7% revenue increase, bringing the figure to €526.1 million ($590 million), underscoring what CEO Martin Carlesund described as a welcome period of stability despite notable regulatory turbulence…

Key Moments: Gaming Corps has entered a content deal with Veikkaus ahead of Finland’s 2027 shift to a license-based gambling system. The partnership will begin with slots from Gaming Corps and may expand to include a broader mix of game types. Veikkaus serves nearly 2.7 million registered users and has started adapting for the upcoming market changes. Strategic Collaboration Targets Finnish Market Changes Sweden-based Gaming Corps, a publicly traded gaming developer, has formed a significant content partnership with Veikkaus, Finland’s government-controlled gaming company. This move arrives as both organizations prepare…

Key Moments: The South African government will delay its verdict on a 20% national online gambling tax until the February 2027 Budget. The tax proposal, initially revealed by National Treasury in November 2025, is still under consultation and faces ongoing criticism. Projections have indicated the tax could raise over R10bn annually, though officials emphasize revenue is not the main intent. Extended Timeline for Online Gambling Tax Decision South Africa’s government has confirmed that the long-awaited decision on a proposed 20% national levy on gross online gambling revenue will not be…

Key Moments: The Ohio Casino Control Commission set a October 30 deadline for gambling licensees to cut ties with prediction market operators. Earlier in October, regulators issued cease-and-desist orders to 10 prediction market companies with promises of strict enforcement. Meanwhile, lawmakers are considering new legislation to bring prediction markets under state sports betting rules. Regulator Enforces Withdrawal from Prediction Markets The Ohio Casino Control Commission has instructed all sports betting and fantasy licensees to stop serving prediction market platforms by October 30. Specifically, this directive applies to platforms offering sports…

Key Moments: Betsson (STO: BETS-B) posted record Q3 2026 revenue of €326.5 million, up 10% year-on-year EBITDA declined 23% to €63.4 million, while growing gaming taxes pushed gross margin down to 56% Latin America revenue climbed 52% in the quarter, now making up 36% of total group revenue Top-Line Growth Offset by Margin Pressure Betsson (STO: BETS-B) reported an all-time high in quarterly revenue, delivering €326.5 million ($381 million) for Q3 2026, driven by a 10% rise compared to the previous year. Organic growth was reported at 8% for the…

Key Moments: Flutter has revealed plans to close Sky Bet’s Malta office, less than a year after relocating its commercial headquarters from the UK to Malta. Approximately 50 positions in Malta are at risk, with remaining staff members expected to transfer to Gibraltar as part of wider restructuring efforts. The Machine Games Duty (MGD) rate, previously feared to double, is now anticipated to increase from 20% to 25% in the upcoming Budget, offering some relief to industry operators. Sky Bet’s Malta Operations Face Closure Flutter has disclosed its intention to…