Author: newsnet5

Flutter Entertainment Completes Acquisition of FanDuel Flutter Entertainment has finalized an agreement to purchase the remaining 5% stake of FanDuel from Boyd Gaming Corporation for $1.755 billion. This acquisition grants Flutter complete ownership of FanDuel, a leading sportsbook and iGaming platform in the United States. The transaction values FanDuel at an impressive $31 billion and […]

Maltese Court Denies Entain’s Request to Reinstate Ban on Sportingwin A legal dispute between two major players in the online betting industry has taken another turn. The Maltese Civil Court ruled against Entain Operations Limited in its attempt to reinstate a ban on SB Entertainment Limited, the company operating Sportingwin. Judge Points Out Procedural Errors […]

Senate Republicans Halt Effort to Reinstate Full Gambling Loss Deductions On Thursday, Senate Republicans blocked a Democratic proposal aimed at reversing a recent tax change that professional gamblers warn could severely damage their industry. Nevada Democrat Catherine Cortez Masto pushed for the swift approval of legislation that would reinstate the full deduction for gambling losses. […]

Overview of EGBA’s 2025 Sustainability Report The European Gaming and Betting Association (EGBA) recently published its 2025 Sustainability Report, showcasing the significant advancements made by its members in responsible gambling, environmental efforts, and economic contributions. At the same time, the report draws attention to the growing risks posed by unregulated gambling markets. Significant Tax Contributions […]

UK Gambling Commission Updates Financial Penalty Framework The UK Gambling Commission (UKGC) has announced significant revisions to its enforcement approach by introducing a clearer and more structured method for determining financial penalties imposed on gambling operators violating regulations. This revamped system is scheduled to be implemented starting October 10, 2025, following an extensive review earlier […]

Allwyn Secures Major Funding for Expansion and Debt Refinancing Allwyn International AG has successfully raised a €2.15 billion financing package with the support of an international group of leading banks. This significant capital injection is a key part of the companys long-term growth plans. The funding includes a mix of term loans and a revolving […]

Anthony Villani Sentenced for Leading Illegal Gambling Ring Anthony Villani, a captain within the Lucchese organized crime family, has been sentenced to 21 months in prison by US District Judge Kiyo A. Matsumoto. Villani was found guilty of racketeering, which included charges of money laundering and illegal gambling linked to his administration of a large-scale […]

Remembering John Spilotro: The Final Spilotro Brother John Spilotro, the lesser-known brother of the infamous Tony “the Ant” Spilotro, has died in Las Vegas at the age of 83. The Spilotro family was deeply involved with the Chicago Outfit, a powerful organized crime syndicate, especially during the 1970s and early 1980s in Las Vegas. While […]

Italy’s Online Gambling Sector Faces Major Regulatory Changes Italy is on the brink of significant transformation in its online gambling industry as the government moves forward with an extensive licensing reform. The Customs and Monopolies Agency (ADM) has completed the initial evaluation phase to grant new online gaming concessions, signaling a crucial step in the […]

DoubleDown Enhances Global Reach with Whow Games Acquisition DoubleDown Interactive has achieved a key growth milestone by acquiring Whow Games, a Germany-based developer known for its free-to-play social casino games. The deal, valued at €65 million, includes an upfront payment of €55 million and a potential performance-based earn-out worth up to €10 million. Strategic Benefits […]