5 March 2026
Allwyn has abandoned its planned acquisition of Novibet after Greek competition regulators signaled the deal could give the group more than 70% of key online gambling markets.
Sports betting company Underdog has announced a major layoff, with 125 employees released from the company payroll, amounting to more than 20% of its total workforce. Initial reports on Monday had suggested around 30 people were let go, but staff from the company revealed the number was much higher than initially announced.
Gambling institution Caesars Entertainment is considering an offer from Golden Nugget owner and CEO Tilman Fertitta as it looks for buyout offers. The Houston-based billionaire, who also owns the Houston Rockets and more than 60 restaurant brands, is one of several interested parties.
Gaming Realms has entered South Africa through a partnership with Hollywoodbets, launching its Slingo portfolio amid ongoing regulatory debate.
Hawthorne Race Course filed for Chapter 11 in Chicago as Fanatics tops its unsecured creditor list and Illinois racing faces renewed uncertainty.
Flutter Entertainment, the parent company of companies like Betfair, FanDuel, and Paddy Power, has reported $4.74 billion in quarterly revenue, falling short of the $4.93 billion analysts expected. Adjusted earnings also came in below forecasts, but the company has moved swiftly to reassure investors on the long term threat of prediction markets.
Wynn Resorts faces federal class-action lawsuits after hackers allegedly stole employee data in a breach linked to ShinyHunters.
A number of people have been let go by betting behemoth DraftKings as the company makes cuts to keep pace with the advent of sports event contracts via lightly regulated prediction markets. Recent figures suggest companies like Kalshi and Polymarket are funneling business away from traditional sportsbooks.
A Western Cape High Court granted provisional sequestration after R2.6 million in gambling transactions exceeded an approved R150,000 credit limit.
QTech Games added Pixmove to its aggregation platform, expanding its instant-win portfolio across emerging markets.
