Lorcan Palaca 
Evolution’s board on Monday recommended shareholders reject Candle Lake’s mandatory cash offer of SEK 695 per share. The offer values the live-dealer blackjack giant at about SEK 131.7 billion, roughly $13.8 billion. The SEK 695 price sits 5.7 percent below Evolution’s Aug. 12 closing price of SEK 737.2. Kenneth Dart’s vehicle already holds 30.02 percent … Read more
Online table games generated $47.4 million in July, down 2.2% from $48.5 million a year earlier. Online slots rose 12.41% to $199.2 million, lifting Pennsylvania’s online casino win to $249 million. Two casinos, Hollywood at Penn National and Valley Forge, produced 77% of online table revenue. Mount Airy Casino Resort quit internet gaming in July, … Read more
Entain’s online gaming revenue rose 9% at constant currency in the first half, against 4% for sports. The group’s sports margin ran 0.5 points below normal for the half before recovering in the second quarter. BetMGM’s second-quarter iGaming revenue hit $483 million, up 8%, while online sports revenue stayed flat at $228 million. Group underlying … Read more
Galaxy Gaming’s digital segment grew 11% to $3.1 million, against 6.2% growth to $5.5 million on land. Recurring revenue net of royalties hit a record $7.9 million, now 99% of the company’s total. Total revenue rose 5% to $7.9 million and adjusted EBITDA climbed 11% to $3.5 million. Three Card Poker, the family 21+3 grades … Read more
Betsson paid 64.5 million euros for the Canadian business, 51.25 million euros upfront and the rest deferred. Casino Days holds an Ontario registration, so its blackjack tables must disclose rules of play and payout information. Ontario’s regulator fined the Casino Days operator C$54,000 last year over a bonus demanding C$70,000 wagered in seven days. A … Read more
Acton’s campaign said she is open to regulating and taxing new online gambling, without backing either pending bill. House Bill 298 would tax internet gambling receipts at 28% and Senate Bill 197 at 36%, plus $50 million license fees. Both bills define internet gambling games around virtual reels and cards with random outcomes, leaving live-dealer … Read more
Flutter’s London listing was canceled Monday morning, and its shares now trade only on the New York Stock Exchange. FanDuel’s U.S. iGaming revenue rose 19% to $564 million in the first quarter, while sportsbook revenue grew 1%. U.S. average monthly players fell 1% to 4.27 million, so casino revenue grew on existing players, not new … Read more
Online casino generated 72 percent of Rush Street Interactive’s record $393.8 million in second-quarter revenue. Rush Street applied for a CFTC exchange license but says it will not chase sports prediction markets. North American players averaged $320 in monthly revenue each, nearly six times the Latin American figure. Rush Street raised full-year revenue guidance to … Read more
LT Game launched the Surprise Bonus jackpot on Lucky 6 and Lucky 7 side bets at StarWorld Macau on July 28. The supplier calls it the first progressive jackpot tied to baccarat side bets on Macau’s live multi-game terminals. LT Game disclosed no jackpot odds, no meter contribution rate and no return figure for the … Read more
The side-bet licensor turned a scrapped Evolution buyout into a share repurchase and told investors its recurring business is pointed at a record three months. LAS VEGAS – A day after Evolution AB backed out of its $85 million purchase of Galaxy Gaming, the owner of the 21+3 and Lucky Ladies blackjack side bets found … Read more