KKCG Sells Minority Stake in Allwyn, Retains Strong Control

Investment group KKCG has sold a 4.27% stake in its pan-European lottery operator, Allwyn International AG, to listed fund J&T Arch Investments. The transaction, which was structured through KKCG subsidiary Allwyn AG, values Allwyn at €11.2 billion as of December 31, 2024, and generates €500 million in proceeds for KKCG. The proceeds include both consideration […]

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Ex-Polymarket Team Started New Onchain Prediction Market Company and Closed $15M Seed Round

The Clearing Company, made by people from the prediction market platform Polymarket, finished a $15 million seed round led by Union Square Ventures, according to their announcement from Wednesday. Other money supporters in the round were Haun Ventures, Variant, Coinbase Ventures, Compound, Rubik, Earl Grey, Cursor Capital, Asylum and angel investors. Toni Gemayel, who co-founded […]

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Bet9ja Expands Boxing Involvement Through Balmoral Group Partnership

Nigerian sportsbook Bet9ja has officially entered into a multi-year sponsorship agreement with Balmoral Group Promotions. This is a major step in the operator’s expansion into professional boxing. The deal will elevate Nigerian boxing domestically and internationally, showcasing homegrown talent while attracting top international fighters. Prospect Moses Itauma announced earlier in August that this partnership follows […]

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Relax Gaming Partners with Lottomart to Expand iGaming Reach

Supplier Relax Gaming has announced a new partnership with online operator Lottomart. The collaboration adds momentum to Relax Gaming’s global expansion efforts while enhancing Lottomart’s game portfolio. As part of the agreement, players can expect to access popular titles such as Money Train 4, Temple Tumble Megaways and Beast Mode. The rollout is scheduled to […]

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DraftKings Launches Responsible Gaming Campaign Ahead of NFL Season

DraftKings has unveiled a new campaign encouraging responsible play as the NFL season gets underway. The initiative was launched in recognition of Responsible Gaming Education Month and will run for one month. It includes a sweepstakes competition designed to reward customers who engage with the operator’s responsible gaming tools. Prizes on offer include NFL game […]

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Illegal Websites Controlled 71% of Europe’s Betting and Casino Revenue in 2024

Unlicensed gambling sites held 71% of the online betting and casino market in Europe last year, capturing €80.65 billion. The regulated sector grew by 30% and earned €33.64 billion, but unlicensed platforms increased faster. Many governments acted to make gambling safer, yet these actions helped illegal operators attract people with offers such as tax-free bonuses. […]

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Sources Reveal Likely Reversal of BC.Game Curaçao Bankruptcy

According to information, Barbara Nagelmakers acts as the trustee and manages BC.Game’s bankruptcy, and she has filed documents to cancel the first bankruptcy order, mainly because claims recovery seems not possible. Another problem arises since the bankruptcy trust does not have enough money, and people familiar say the SBGOK foundation, which started the process, could […]

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