Beth Turner

London

Staff Writer at Gambling Insider

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Articles

DraftKings sued by Micro-Gaming Ventures for patent infringement

2 days ago | gamblinginsider.com | Beth Turner

Key points: - DraftKings faces a lawsuit from Micro-Gaming Ventures - Micro-Gaming Ventures claims to have pioneered certain in-play bet technologies, and that DraftKings' use of certain in-play features infringes on their copyright - Micro-Gaming Ventures claims five instances of patent infringement DraftKings is facing a patent infringement lawsuit from Texas-based in-play bet technology company Micro-Gaming Ventures.
DCMS releases proposed regulations for land-based UK casinos

2 days ago | gamblinginsider.com | Beth Turner

Key points: - DCMS has laid out new rules regarding how many gambling stations a casino may operate based on size - Casinos with over 500sqm of floor space may have up to 40 positions The UK Government Department for Culture, Media and Sport (DCMS) has released its proposal for The Casinos (Gaming Machine and Mandatory Conditions) Regulations, having presented them to Parliament. The amendments, separate to the upcoming White Paper, must be accepted by the Government before they are implemented.
Raketech Q1 results: Adjusted EBITDA drops 52.9% amid restructuring efforts

1 week ago | gamblinginsider.com | Beth Turner

Key points: - Raketech has released its Q1 2025 results - Revenue fell from €19m to €9.8m year-on-year - Raketech is currently reviewing some of its non-core US assets due to their negative adjusted EBITDA impact Raketech has released its financial results for the first quarter of 2025. In total, the affiliate generated €9.8m ($11.1m) in revenue, a significant decline from the €19m reported this time last year.
Spelinspektionen fines Kindred subsidiary $1m for customer due diligence failings

1 week ago | gamblinginsider.com | Beth Turner

Key points: - Kindred Group subsidiary Spooniker has been fined SEK 10m for customer due diligence failings by the Swedish gambling regulator, Spelinspektionen - The fine follows previous investigations into its operations Swedish gaming regulator Spelinspektionen has issued a warning and fined Kindred-owned subsidiary Spooniker SEK 10m ($1m) for customer due diligence failings.
India Supreme Court debates taxes on gambling and games of skill

1 week ago | gamblinginsider.com | Beth Turner

Key points: - Government and gaming industry representatives have debated status of games of skill when wagers are placed against them - They have also debated whether these wagers are subject to the nation's Goods and Services Tax (GST) Legal debate has continued in India regarding the potential ‘metamorphosis’ of skill games like rummy and chess into games of chance, and whether the earnings from such games would be subject to the nation’s Goods and Services Tax (GST).
SkyCity updates FY25 guidance: EBITDA down 4%

1 week ago | gamblinginsider.com | Beth Turner

Key points: - SkyCity has adjusted its FY25 EBITDA guidance following continued market deterioration - The operator expects FY25 EBITDA to fall 4% below the low end of its NZ$245m – NZ$225m guidance SkyCity has released an update to its FY25 earnings guidance. Following its H1 25 results, which saw group revenue down 5% year-on-year to NZ$422m (US$241.7m) and underlying group net profit after tax (NPAT) down 41% to NZ$38m, SkyCity announced that market conditions have continued to deteriorate.
Chris Welch retires as LeoVegas CCO

2 weeks ago | gamblinginsider.com | Beth Turner

Key points: - LeoVegas CCO Chris Welch took to LinkedIn to announce his retirement - He thanked the team at LeoVegas and those he has met throughout his career Chris Welch has announced on LinkedIn that he will be retiring from his role as CCO at LeoVegas. In the post, he recalled his pre-gaming career, having held roles at Andrex, Pot Noodle and Chessington theme park.
Holly Gagnon appointed Bragg Gaming Chair of the Board

2 weeks ago | gamblinginsider.com | Beth Turner

Key points: - Holly Gagnon has been appointed Bragg Gaming Chair of the Board - She succeeds current CEO Matevž Mazij in the role Bragg Gaming has appointed Holly Gagnon as Chair of the Board. Gagnon will succeed CEO Matevž Mazij in the role, though Mazij will continue as CEO and as a member of the Board. Gagnon has served as the provider’s Board of Directors Lead Director since 2021.
Caesars Q1 results: Net loss reduced to $115m

2 weeks ago | gamblinginsider.com | Beth Turner

Key points: - Caesars Entertainment has reported revenue of $2.8bn, up 2.1% - Net loss reduced by $43m year-on-year - Net income from regional operations was down 51.2% to $20m Caesars Entertainment has released its financial results for the first quarter of 2025. In total, Q1 revenue came to $2.8bn, up 2.1% year-on-year. Of this, $1bn came from Las Vegas operations, down 1.9%, while regional revenue came to $1.39bn, up 1.7%.
Entain Q1 trading update: UK&I online NGR up 22%

2 weeks ago | gamblinginsider.com | Beth Turner

Key points: - Entain's total group NGR, including its 50% share of BetMGM, was up 9%, or 11% on a constant currency (cc) basis - Brazil online NGR was up 31%cc year-on-year - UK and Ireland online NGR was up 22% year-on-year Entain has released its trading update for the first quarter of 2025. In the update, the operator revealed total net gaming revenue (NGR) was up 9% year-on-year, or 11% on a constant currency (cc) basis. This was driven in part by its online segment, up 12% or 15%cc.