Category Archives: Betting

Stoke City £60m in profit following bet365 demerger but underlying losses widen

Stoke City recorded a pre-tax profit of around £60m for the year ending 31 May 2025 after £90.5m of intragroup loans from former owner bet365 were waived. Financial statements filed with Companies House show that the Championship club made an operating loss of £29.5m, slightly higher than the £26.2m loss recorded in the previous year.  […]

Horse racing veteran named new interim CEO of Sweden’s ATG

Swedish horse racing betting operator, AB Trav och Galopp (ATG), has named Jörgen Forsberg as its new interim Chief Executive Officer. The leadership shuffles at the top of ATG were caused by the resignation of former CEO Hasse Lord Skarplöth, who held the role for 13 years.  His notice was handed in at the same […]

UFC replaces DraftKings with bet365 as US and Canada betting partner

Further amplifying its presence in North America, bet365 has penned a deal with the UFC, coming amid a withdrawal from some sponsorship activities in its home market of the UK. The Stoke-on-Trent based bookmaker has been expanding gradually across the US since making its North American debut in New Jersey in 2021. It is also […]

Brazil: Chambers moves to redirect gambling taxes for public security 

Ongoing fiscal developments in Brazil sees the Chamber of Deputies approve a ‘constitutional amendment’ to secure funding for Public Security (PEC) via taxes generated from gambling. On Thursday, Deputies unanimously approved the proposal of União Brasil minister Mendonça Filho of the state of Pernambuco (PE), to alter tax arrangements of the Brazil Bets regime. As […]

FOI request reveals disagreements between DCMS and Treasury over tax hikes

Information obtained via a Freedom of Information (FOI) request has shone a light on concerns about gambling tax hikes held by the Department of Culture, Media and Sport (DCMS) last year. This included warnings about the potential impact on operator marketing spend and the effect that this could have on the horse racing sector. Concerns […]

Entain eyes full assault on soon to be soft UK market 

During its investor call following the publication of its FY25 results, Entain leadership has backed the city analysts’ view that its UK brands are continuing to outperform competitors. However, the upcoming changes to UK taxes could prove challenging in 2026. The previous 12 months have been earmarked as a formative year for Entain by both […]

Geolocation in Brazil: Why the market’s next phase demands attention

Brazil’s regulated betting market has quickly moved beyond launch-phase momentum and into a period where real player behaviour and platform performance are becoming visible. With tens of millions of users and billions in revenue, the country is already operating at a scale that demands closer attention from the global industry. Will Whitehead, Commercial Director at […]

Novibet has faith in strategic plans after Allwyn acquisition called off

Novibet has expressed confidence in its future prospects after Allwyn withdrew from acquiring a 51% controlling stake in the Greek betting group earlier this week. In a statement issued this morning, Novibet reiterated that it and Allwyn jointly decided to call the transaction quits after receiving feedback from the Hellenic Competition Commission (HCC). The HCC […]