iGaming Analysis & Insights

Key Points Flutter’s adjusted EBITDA in the second quarter declined by 45% to $508 million even though the company’s revenues were up by 3% to $4.33 billion, thanks to the rise in the UK remote gaming duty, costs associated with World Cup marketing, and a tax provision of $95 million. The full-year revenues have been […]

Key Points The total project budget has risen from approximately $5.1 billion to $5.7 billion, with roughly $300 million of the $600 million increase traced directly to the Iran conflict. Construction was suspended in February 2026 after US and Israeli forces attacked Iran, resuming in March once site safety was confirmed. Wynn holds a 40% […]

Key Points The mass win rate at Wynn Palace amounted to 29.7%, which is a significant improvement compared to 22.3% last year, thus making about $140m extra wins on the same volume. VIP turnover at both Wynn resorts in Macau declined by 36.8%, which is the figure missed by most publications. The opening of the […]

Key Points Revenue in Q2 2026 stood at $684m, growing by 18% YOY, exceeding analysts’ forecast of $657m; profits jumped from -$3m to $123m. The 2026 World Cup group showed a casino cross-selling ratio of almost 50%, which is more than twice as high as that recorded in 2022 (23%). For the full year of […]

Key Points Good causes funding fell £107.7m year-on-year in Q1 2026-27; EuroMillions alone accounted for £169.9m of the total sales decline. The UKGC confirmed a licence implementation cost recovery was deducted from the quarter’s good-cause figure but has not disclosed how much it took off. The April 2026 High Court ruling found that years of […]

Key Points The company recorded net profits of $120 million, which represents a 26% rise in Q2 2026, with iGaming revenues rising by 14% to $92m amid the increase in the UK Remote Gaming Duty from 18% to 40%. A 25% remote betting duty will be introduced in April 2027, indicating that the firm faces […]

Key Points Revenue fell 7% to $584m in Q2 2026, but adjusted EBITDA rose 4% to $286m as same-store sales growth and cost discipline offset non-cash headwinds. The €1.43bn final Italy Lotto licence payment, completed in April 2026, was the single largest drag on reported revenue and operating cash flow. CEO Vince Sadusky confirmed the […]

Key Points The Gambling Act draft from Austria was sent to the European Commission via the TRIS procedure on 4 August 2026 and the standstill period would continue until 5 November 2026. According to a study commissioned by Tipico, 71% of the online GGR of Austria, which is about €500m per year, goes to unlicensed […]

Bulgaria is preparing a review of its gambling laws aimed at reducing illegal activity and disrupting the network that allows unlicensed operators to reach players. The Ministry of Finance is driving the policy process, while Parliament will approve the changes.  The National Revenue Agency will lead to practical enforcement. Political attention has focused on the […]

MGM Resorts International is reviewing an all-cash takeover proposal from People Incorporated while reporting higher revenue and net profit for the second quarter. People Incorporated, formerly known as IAC, submitted the offer in early June. The proposal values MGM at $18bn and would pay $48.30 for every share it does not already own. People Incorporated […]