Welcome to our weekly round-up of the latest and most impactful updates in the global gambling industry. Every week our editorial team compiles the most important news stories of the week so you can stay up to date with what's happening in the iGaming world. Here's what made headlines this week:
Leadership Shifts Across the Industry
-
Podium Welcomes New Managing Director: Josh Sparke, former LiveScore Group executive, has been named managing director of PA Media's betting arm, Podium, effective 1 March.
-
Isle of Man Gambling Commission Appoints New CEO: Mark Rutherford steps up as CEO, replacing Steve Brennan, marking a significant leadership change for one of the industry's leading regulators.
-
Rush Street Interactive Seeks New CIO: After 11 years of service, Einar Roosileht departs from his role as Chief Information Officer.
Regulatory Changes and Legal Challenges
-
Australia's Sportsbet Faces Class Action: A lawsuit alleges illegal live betting practices via the "Fast Code" service, seeking refunds for users affected over the past six years.
-
KPMG Under Investigation: The UK’s Financial Reporting Council probes KPMG’s audit of Entain’s 2022 accounts, spotlighting the Big Four firm’s accountability.
-
Gibraltar Appeals Court Decision: Former Mansion Group CEO Karel Mañasco continues his legal battle over corporate governance and fiduciary breaches.
Market Trends and Financial Highlights
-
EveryMatrix Reports Record Revenues: The Malta-based supplier surpassed €100m in EBITDA for 2024, with net revenue soaring by 59% year-on-year to €181m.
-
Super Group Predicts Record Growth: Betway and Spin's parent company forecasts its strongest quarter outside the US, with Q4 revenue expected to hit €486m.
Spotlight on Innovation and Expansion
-
Gentoo Media Group Launches SweepX: Gentoo Media (Formerly known as GiG) enters the sweepstakes market with a new platform, targeting US players with engaging and efficient gaming solutions.
-
Flutter Eyes Italian Lottery Licence: Valued at €4.3bn, the licence presents a lucrative opportunity as Flutter evaluates bidding options, potentially in a consortium.
Global Gambling Developments
-
Brazil's Regulatory Evolution: Authorities consider introducing B2B certification for gaming suppliers, expanding on the country’s newly regulated market.
-
Massachusetts Proposes Affordability Checks: A new bill aims to reform sports betting laws, including measures for player protection and increased operator taxation.
-
Virginia Online Gaming Bill Delayed: Legislative discussions on legalising iGaming in the state are postponed for further evaluation.
Industry Challenges
-
Africa Faces Regulatory Hurdles: The Lagos State Lotteries CEO warns against the rise of unregulated gambling across the continent, calling for standardised regulations.
-
Unlicensed Gambling in Europe: The UKGC reports a tenfold increase in illegal gambling URLs removed this year, underlining growing concerns over black market activities.
Entertainment and Sponsorship Deals
-
Pragmatic Play Sponsors MotoGP: The content provider becomes a primary sponsor for Aprilia Racing, expanding its visibility in the motorsport arena.
-
Spribe Partners with UFC and WWE: Aviator branding to feature prominently in Octagon events and marquee social media campaigns.
From boardroom shakeups to groundbreaking innovations, the iGaming industry continues to redefine itself on a global scale. As we track these stories, one thing is clear—this isn’t just a game; it’s a fast-moving, high-stakes industry that never stops evolving. Join us each Friday at PlayCasino.co.za for exclusive coverage, industry insights, and the stories that shape tomorrow’s iGaming headlines.
Kelvin Jones is a seasoned professional in South Africa's online casino scene, boasting over a decade of expertise. He's your ultimate guide in selecting the finest online casinos, providing insights into local sites that offer both excitement and security. Kelvin's comprehensive reviews and strategies stem from a deep understanding of the industry's dynamics, ensuring players have access to top-notch gaming experiences.
Expert on:
Casino ReviewsReal Money CasinosOnline CasinosNew CasinosCasino BonusesMobile CasinosSign up now for the latest bonuses, promotions, and new online casinos.