Loevy Sues Poker Goliath DraftKings in Pennsylvania for Deceptive Business Practices

Attorneys from Loevy + Loevy, a civil rights law firm in Chicago, filed a class-action lawsuit for five Pennsylvania plaintiffs against DraftKings. The suit, entered in the U.S. District Court for the Eastern District of Pennsylvania, accuses DraftKings’ online sportsbook of deceiving users and leading them to bet and lose significant money, violating both state […]

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1xBet Reports 68% Increase In Indian Players Amid Strategic Expansion Plans

Leading bookmaker 1xBet has reported a remarkable 68% quarter-on-quarter increase in its active Indian player base during Q1 2025. The brand credits this surge to its vast gaming portfolio, exclusive promotions, and local payment solutions. Furthermore, the growth underscores the success of recent strategic content, marketing, and product development investments. A 1xBet representative noted, “We […]

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Blackstone Launches Sale of Clarion Events in $2 Billion M&A Market Test

Blackstone has launched the sale of its global trade show organizing brand, Clarion Events, valuing the business at around £2 billion ($2.5 billion). This is one of the largest private equity assets to hit the market since recent geopolitical issues stalled dealmaking worldwide. Clarion, which runs international exhibitions across various sectors, was acquired by Blackstone […]

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Coinbase Rejects Ransom Demand, Offers $20M Reward in Response To Insider Attack

Coinbase has revealed details of a recent insider attack involving bribed overseas support agents who leaked sensitive user data. This breach affected less than 1% of the platform’s monthly transacting users, and was aimed at enabling social engineering attacks. However, Coinbase has confirmed that no passwords, private keys, or user funds were compromised, and Coinbase […]

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VGW Creates New Sweepstakes Industry Body the SGLA

VGW, a sweepstakes casino market leader, announced the formation of a new trade group called the Social Gaming Leadership Alliance (SGLA) on 20 May. VGW and several other sweepstake casino operators in the US founded the lobbying group, which is led by former Republican congressman Jeff Duncan. Members of the trade association are VGW, Playstudios, […]

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Flutter Finalizes $350m Acquisition of NSX Group

Flutter Entertainment has completed its acquisition of a 56% stake in NSX Group, the Brazilian operator behind Betnacional. This deal is worth around $350 million in cash, representing a move into one of Latin America’s most promising markets. Furthermore, it aligns with Flutter’s strategy of securing leadership in attractive international markets. With over 200 million […]

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