Flutter expects explosive growth to double profits by 2027

Flutter Entertainment, the parent company of FanDuel and Paddy Power, has made a bold prediction that by 2027, its core profits will more than double.

Ebbe Groes leads new deal with revenue-driving ambition

EveryMatrix has submitted a public offer to acquire Fantasma Games AB for SEK 59 (€5.21) per share, translating to a total cash deal of SEK 209.8 million (€18.5 million). The offer, set to run from September 19 to October 10, 2024, has already gained momentum with over 50 percent of Fantasma's shareholders signing binding agreements to sell.

Interblock acquires Aruze Gaming America’s ETG assets

Interblock has announced the strategic acquisition of ETG assets from Aruze Gaming America as a significant step forward in its global growth strategy.

Evolution acquires Dutch Arcadia Gaming Solutions

Earlier this week, Evolution Gaming Group signed an agreement to acquire Arcadia Gaming Solutions (AGS), an iGaming tech company based in Amsterdam. The transaction is expected to be completed by the end of 2024, pending approval.

What you need to know about Flutter’s takeover of Snaitech

In a deal that promises to reshape Italy’s gambling landscape, Flutter Entertainment has announced its acquisition of Snaitech (Snai), an Italian omni-channel operator, for €2.3 billion. This strategic acquisition will expand Flutter’s already significant footprint in Europe’s largest gambling market. With Italy's gross gaming revenue (GGR) forecasted to hit €21 billion in 2023, the stakes are high. Here’s a detailed look at the implications of this acquisition and why it’s set to enhance Flutter’s competitive position in Italy. A Strategic Fit in a Booming Market

Nazara acquires 47.7 percent stake in PokerBaazi’s parent firm

Nazara Technologies has revealed its acquisition of a 47.7 percent stake in Moonshine Technology, the parent company of PokerBaazi. This major acquisition, worth $100.24 million, represents a crucial milestone in the Indian gaming industry.

FDJ’s ambitious expansion, a monopoly under scrutiny

France’s lottery monopoly, La Française des Jeux (FDJ), has received regulatory approval from the French Competition Authority for its acquisition of Kindred Group, despite concerns about cross-selling practices. The deal, valued at €2.45 billion, is FDJ’s bold move to expand its reach into the online betting market. But it comes with significant conditions and industry-wide apprehension.

Flutter hedges on Brazil’s untapped potential

As Flutter Entertainment continues to flex its financial muscle, the acquisition of Brazil’s NSX Group marks yet another milestone in its expansion strategy. With a $350 million deal to take a majority stake in the country’s fourth-largest online gaming operator, Flutter is strategically positioning itself in a rapidly growing market. This move underscores a broader playbook led by CEO Peter Jackson, where Flutter is leaving no stone unturned in its mission to dominate the global sports betting and online gaming landscape.

Analysis of Treasury Brisbane deal – will it relieve Star Entertainment’s struggles?

The Star Entertainment Group’s decision to sell the Treasury Brisbane Casino building is emblematic of a company in distress. While the sale will provide a short-term infusion of cash, it is far from a solution to the company's larger financial and operational challenges. The possibility of raising capital is fraught with difficulties, and without a clear regulatory outcome, the company’s future remains uncertain. The Star may need to consider more drastic measures, including a break-up, to survive this troubled chapter in its corporate journey.

Rescuing the Star – crisis at a flagship casino

Australia’s largest publicly traded casino operator, Star Entertainment Group, has been temporarily suspended from the Australian Securities Exchange (ASX). This follows a damning report from the New South Wales Independent Casino Commission (NICC), which condemned the company for failing to address pervasive issues of money laundering and unethical conduct. Chief Commissioner Philip Crawford stated that Star had only recently begun to tackle longstanding challenges, raising serious doubts about its fitness to operate. With venues in Sydney, Brisbane, and the Gold Coast, Star's future remains uncertain as it is facing significant regulatory scrutiny.