Betr Launches Competing All-Scrip Takeover Bid for PointsBet

Australian operator offers a 3.81-for-1 share offer, providing flexibility in short-term cash liquidity to shareholders. Key points Betr sets a 3.81-for-1 share swap, which gives a value of $1.22 for every PointsBet share. The offer includes a selective buyback option, limited to $80 million, although it can be increased to $200 million in certain cases. […]

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Rio’s Government Aims at Influencers and Companies Marketing Online Gambling in Brazil

Building in Rio De Janeiro

Consumer protection authorities require legal compliance from more than 300 individuals and companies. Key points The authorities in Rio have sent notices to over 300 parties, targeting influencers, media outlets, and others who promote betting websites. All parties involved must demonstrate their respect for consumer protection laws within ten days. Expectations relate to safe advertising, […]

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Tennessee Offshore Sportsbook Regulator Fines Two Offshore Sportsbooks

Notebook on the desk

The Sports Wagering Council has imposed fines on both Lowvig and Sportsbetting.ag. In the US, the Tennessee Sports Wagering Council (SWC) issued a penalty of $50,000 to each offshore sportsbook, Lowvig and Sportsbetting.ag, for illegally providing betting services in Tennessee. These companies did not follow cease-and-desist letters sent by the regulator in April. Crackdown on […]

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