iGaming Finance News

Playtech has announced the sale of its German B2C betting brand, HappyBet, to a subsidiary of Frankfurt-listed Pferdewetten AG, NetX Betting. The deal was announced on Wednesday, marking another step in Playtech’s strategy to exit consumer-facing operations and focus on B2B services.  This agreement comes two months after Playtech began formally exploring the sale of […]

A player in Ontario has defied the odds in spectacular fashion, winning two progressive jackpots on the MGM Grand Millions slot game within six days. This remarkable double win occured in April 2025 and only recently made public by BetMGM. The total payout exceeded CAD\$2 million, making it one of the most extraordinary streaks in […]

During the illegal betting investigation by the Istanbul Chief Public Prosecutor’s Office, officials issued detention orders for 13 suspects, including Ahmed Faruk Karslı, who owns Papara. The operation began at 05:00 in the morning; eight companies, one yacht, five boats, three safes, seventy-four vehicles, and eight properties linked to suspects were taken by authorities. TMSF […]

The regulated gambling market in Sweden recorded SEK 6.61 billion ($693.4 million) in Q1 2025, based on new data from Spelinspektionen, the Swedish Gambling Authority. The figures show a 0.9% fall from SEK 6.67 billion seen by the industry in Q1 2024. At the same time, the authority reported that 125,000 people were listed with […]

eFishery, one of Asia’s most promising agritech startups, has become a cautionary tale of ambition turned deception. The Indonesian startup, founded by Gibran Huzaifah, began with a noble mission, revolutionizing aquaculture through automated fish feeders. The company grew from humble beginnings to a $1.4 billion valuation, attracting heavyweight investors such as SoftBank, Temasek, and Sequoia […]

House Oversight Chairman James Comer from Kentucky and Senator Joni Ernst from Iowa are calling for an investigation into federal charge card use at the Department of Defense. They found thousands of charges on DOD-issued cards at places such as casinos, bars, and nightclubs, made with taxpayer money. The two lawmakers sent a letter to […]

Blackstone is preparing to sell Clarion Events, the ICE iGaming conference’s London-based organiser, valued at around £2 billion. Four sources familiar with the deal claim the potential sale follows renewed investor confidence after a volatile period linked to the U.S. President Donald Trump’s recent tariffs. Though still in its early stages, the deal is being […]

Dubai-based cryptocurrency exchange Bybit has announced a move to bridge the gap between digital and traditional finance by enabling direct trading of global stocks using USDT (Tether). This marks a major milestone in Bybit’s ambition to become a one-stop platform for crypto and traditional asset trading. Bybit Expands Gold & Forex Suite with Stock Integration […]

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 […]

An association of some of the nation’s top firms estimates that Japanese residents spend $44.2 billion on overseas-based illegal sports betting sites annually. Per a report from Nikkei, the claim comes from the Council for Sports Ecosystem Promotion. The council comprises 115 of Japan’s biggest companies, including NTT Docomo, Mitsubishi UFJ Bank, ASICS, Mizuho Bank, […]