Novig Valuation Quadruples to $2 Billion as Prediction Markets Draw Investor Interest
Novig, the sports-focused prediction-market platform, has closed a new funding round that values the company at approximately $2 billion, quadrupling its valuation from earlier this year, according to reports from The Wall Street Journal and other outlets. The development underscores accelerating investor appetite for prediction markets, even as the More...
Brazilian Football Clubs Push Back Against Lula’s Online Betting Ban
Brazil’s leading football clubs have aligned themselves with sports betting operators in opposition to a sweeping government decree that bans online gambling, a measure that threatens to strip clubs of some More...
Macau GGR Falls 1.2% Year-on-Year to US$2.24 Billion in September
Macau’s casino gross gaming revenue (GGR) declined 1.2 percent year-on-year in September to approximately MOP18.1 billion (US$2.24 billion), extending the market’s run of annual declines to four consecutive More...
Funding Shortfall Leaves Key Gambling Reforms Stalled, Irish Regulator Warns
Ireland’s gambling regulator has warned that reforms covering remote gaming and the enforcement of unlicensed operators have stalled, citing a budget for 2026 that fell short of what the authority requested. More...
Georgia Moves Forward With International iGaming Licensing Framework
Georgia is developing a dedicated licensing framework for international online gambling operators, with details emerging that point to a regime designed specifically for companies serving customers outside the country. More...
SkyCity Advances Toward Sale of Adelaide Casino
SkyCity Entertainment Group is preparing to launch a formal sale process for SkyCity Adelaide, its only operating casino in Australia, after receiving inquiries from what the company describes as credible interested More...
MGM and People Inc. Takeover Talks Flip as MGM Weighs Counter-Bid
Takeover negotiations between MGM Resorts International and People Incorporated have taken an unexpected turn, with new reporting indicating that MGM is now considering a bid to acquire the media company controlled More...
Illegal Betting Sites Multiply in Brazil Within Days of Lula’s Gambling Ban
Brazil’s prohibition on online betting has been followed almost immediately by a surge of illegal gambling operations, underscoring the enforcement challenges facing the country after President Luiz Inácio More...
Flutter Entertainment Warns of €60m Hit as Brazil Bans Online Gambling
Flutter Entertainment, the owner of Paddy Power and Betfair, has suspended its online betting and gaming operations in Brazil and warned that the country’s sudden ban on the sector could cost the group more More...
Former Entain CEO Gavin Isaacs Appointed to GLI Board in Advisory Capacity
Gaming Laboratories International (GLI), the gaming technology testing and certification company, has announced that industry veteran Gavin Isaacs has joined its Board of Directors in an advisory capacity. The formal More...
