This week has brought several significant developments in the gambling industry, with the potential sale of a major private betting and gaming company making headlines. Read on for the most crucial updates in the gambling industry this week. Bet365, the privately-owned British gaming and betting company controlled by the Coates family, may be considering a sale, according to a report from The Guardian. The report suggests that a price tag of £9 billion has been proposed. The publication indicates that Bet365 has been in discussions with U.S. banks regarding a partial or full sale, as well as exploring the possibility of going public in the United States, although no firm plans have been confirmed. If these rumors prove to be true, this development would be one of the most significant events in the gambling industry this year. Globally, Bet365 stands as a leader with its financial stability enduring challenges such as stricter regulations, decreased demand in certain areas, and rising operational costs. Additionally, Robinhood announced that its platform has seen one billion event contracts traded over the past six months, marking a significant milestone for the company. Less than half of these contracts involved sports.
Business & finance
EveryMatrix has reported an impressive first quarter for Q1 2025, achieving €54 million in net revenue, representing a 39% increase compared to the previous year. The company's EBITDA also rose to €28 million, marking a 27% increase year-over-year. These strong results were credited to both its current clients and the launch of innovative products. Notable developments during the quarter included the successful migration of Bet600 to the EveryMatrix platform and a new partnership with FSB Technologies. Additionally, EveryMatrix expanded its global sports betting presence by securing partnerships with SkyCity in New Zealand and the LeoVegas Group. In other financial news, Evolution Gaming shared its Q1 2025 results, where the company faced some challenges with a continued decline in certain markets, including the RNG division, which saw its revenue decrease to €72.3 million compared to earlier quarters, though it was still up year-over-year. Evolution also addressed difficulties within its Asia division and has implemented corrective measures to ensure sustainable long-term growth. The company has been contending with various challenges, including strikes in Georgia that led to a reduction in local staff and a legal battle in the United States, where progress is being made after identifying the source behind a false report about the firm. Despite these issues, Evolution's live casino segment remained a key growth driver, contributing €448.7 million in Q1 2025, reflecting a 4% year-over-year increase. MGM Resorts reported a relatively strong quarter with a minor 2% year-over-year contraction. However, net income decreased to $149 million from $217 million compared to the previous year. Las Vegas Strip resorts generated net revenues of $2.2 billion during this period. Bragg Gaming Group announced the appointment of Holly Gagnon as Chair of the Board of Directors, further strengthening its senior management team. Gagnon previously served as the Lead Director since her appointment in 2021.
Regulation and laws
The SBC Summit Malta will present the
Responsible Gambling
Jenny Watson, the outgoing chair of Gamstop, a self-exclusion program for the gambling industry, reflected on the program's achievements as she prepares to step down in September. She noted that approximately 1% of adults in the United Kingdom, equating to about 560,000 individuals, have been excluded from regulated gambling websites. Impressively, 75% of those who were excluded have ceased gambling altogether.
The voice of the industry
Ivanova described Medier as a company of professionals who serve as strategic partners for their clients, dedicated to ensuring long-term growth and success that is both sustainable and scalable. You can read the full interview with Ivanova here. O’Toole highlighted the franchise’s success, noting that some game features are too exceptional to be left behind. The SBEA+ Summit 2025 is just three weeks away, with Eventus International having a conversation with Peter Mshikilwa Mukandi, President of the Esports Federation of Tanzania, in preparation for the event. The SBC Summit Americas 2025 has announced a dedicated Payment Expert Summit to tackle the significant challenges and opportunities in payment processing within the gaming sector. Additionally, AffPapa shares exciting news as the iGaming Club Conference is set to take place in Cancun, Mexico, serving as a gateway to the Latin American market. You must be logged in to add a comment. Drag and drop files or click here to upload. We could not recognize the language of your reply. Please choose your language from the following options. Your post has been sent to the forum administrators for review to ensure it complies with our community guidelines. You will receive an email about the outcome within 48 hours.
