April 3, 2023

Grupo Codere is in need of €100 million in capital

In 2021, Grupo Codere initiated a reorganization plan as the Spanish gambling group is confronting a potential insolvency scenario. To address the “probable insolvency situation,” Grupo Codere has secured further financial assistance by gaining investor approval for an updated reorganization and refinancing plan that involves raising an additional €100 million in capital. As a result, […]

April 3, 2023

The sports betting bill was signed into law by the governor of Kentucky after receiving approval from the Senate

In February, Michael Meredith introduced the bill which has now been signed into law as HB551. Governor Andy Beshear signed House Bill 551 into law on Friday, legalizing sports betting in Kentucky after it received approval from the state Senate. The bill was introduced in February by representative Michael Meredith and allows for retail and […]

April 1, 2023

46% of gamblers in Australia are “at risk” of gambling negative consequences

A recent study by the Australian Gambling Research Centre (AGRC) revealed that 46% of Australian gamblers are at risk of experiencing negative effects associated with gambling. The study was released amidst a public discussion in Australia about the increase in gambling advertisements across the country. In 2021, national spending on gambling advertising surged to AU$287.2m […]

April 1, 2023

New AML/CTF legislation approved by the committees of the European Parliament

The Economic and Monetary Affairs and Civil Liberties, Justice and Home Affairs committees of the European Parliament have given their approval to three draft legislations that aim to strengthen the EU’s anti-money laundering and counter-terrorist financing (AML/CTF) regulations. One of these draft legislations is the “single rulebook” regulation, which aims to standardize AML/CTF policies across […]

First online sports betting and ilottery solution has been introduced in Brazil

LotoMinas, the official lottery of Minas Gerais state in Brazil, has launched the first regulated ilottery and online sports betting solution through a partnership between NeoGames and Intralot do Brasil. This multiyear turnkey agreement, which was initially disclosed in June, marks NeoGames’ entry into the Brazilian market and involves a long-term collaboration with the state’s […]

April 1, 2023

Encore Boston Harbor has revealed a collaboration with the Boston Red Sox, an MLB team

The resort has established partnerships with all of Boston’s major league sports teams and will host watch parties. Encore Boston Harbor, located in Massachusetts, has revealed a multi-year collaboration with Major League Baseball‘s Boston Red Sox, marking its partnership with all Boston professional sports teams, including Boston Bruins, Boston Celtics, New England Patriots, and New […]