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Wondrwall Group (t/a Wondrwall) secures £100 million investment from InfraRed Capital Partners

Wondrwall Group (t/a Wondrwall) secures £100 million investment from InfraRed Capital Partners

The partnership supports Wondrwall’s ambition to unlock an initial investment programme of over £100m Investment underscores the private sector opportunity to position the UK as a world leader in creating net-zero energy homes AI-powered, home energy management system with the potential to generate negative energy bills that is currently being trialled by half of the...

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US Supreme Court rejects attempt to block online sports betting in Florida

US Supreme Court rejects attempt to block online sports betting in Florida

The Seminole Tribe of Florida will maintain its exclusivity on sports betting in the state. US.- The US Supreme Court has rejected a case that sought to block online sports betting in Florida. As a result, the Seminole Tribe of Florida will maintain the exclusivity it holds via a compact that runs until July 2051....

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German gambling regulator issues warning on unlicensed gambling during Euro 2024

German gambling regulator issues warning on unlicensed gambling during Euro 2024

The regulator said it would monitor to ensure player protection measures are implemented. Germany.- Amid the kickoff of Euro 2024 in Germany at the weekend, the German gambling regulator GGL has issued a warning about illegal betting. The regulator advised bettors that they can check its whitelist of licensed gambling operators, and warned the use...

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Goldman Sachs snaps up Kindred stake

Goldman Sachs snaps up Kindred stake

The investment bank has become the Swedish operator’s third-biggest shareholder. Sweden.- The investment bank Goldman Sachs has acquired 5.4 per cent of Kindred Group, becoming the online gambling operator’s third largest shareholder. The news comes ahead of Française des Jeux’s proposed €125m acquisition of the company.  The news points to high expectations that the French...

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Vermont sports betting handle reaches .6m for May

Vermont sports betting handle reaches $12.6m for May

The handle decreased by 27 per cent from the previous month. US.- Vermont’s sports betting handle was $12.6m in May, down 27 per cent from April. Close to 554,000 bets were placed with an average wager of $22.75. Out-of-state players accounted for nearly a fifth of all wagers ($2.7m). The average bet per out-of-state player...

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Delaware igaming revenue reaches .9m in May

Delaware igaming revenue reaches $3.9m in May

Revenue decreased 12.2 per cent from April. US.- Igaming revenue in Delaware was $3.9m in May, up 216 per cent from May 2023 but down 12.2 per cent from April. Two of the state’s three online casinos saw a monthly drop in revenue. Bally’s Dover reported $776,191, down 25.4 per cent and Harrington $848,354, down...

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How the sector is tackling competition this sporting summer

How the sector is tackling competition this sporting summer

A packed sporting schedule means there are plenty of opportunities for gambling companies this summer to engage and target new customers. iGB spoke to a few industry leaders on targeting new betting markets and unique products helping them to stand out from the crowd. Operators Betfred and Paddy Power and betting engine supplier Kambi are...

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I Was Mistaken for a Minor Celebrity During My Travels

I Was Mistaken for a Minor Celebrity During My Travels

I’m not *that* James Wong. The thing about having the same name as a minor celebrity is that, unlike a megastar, people can actually believe that you are them. I share a name with British television presenter and author James Wong. For over a decade, the ethnobotanist has graced screens on the BBC and Netflix,...

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Online gambling players using phone credit deposits: Minister Setiadi

Online gambling players using phone credit deposits: Minister Setiadi

Jakarta (ANTARA) – Minister of Communication and Informatics Budi Arie Setiadi on Tuesday disclosed the latest findings in a Financial Transaction Reports and Analysis Center (PPATK) report on a new mode of online gambling that uses phone credit deposits. The report found that online gambling players can resort to phone credit deposits, thereby complicating the...

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Wall Street Breakfast Podcast: SCOTUS Refuses Sports Betting

Wall Street Breakfast Podcast: SCOTUS Refuses Sports Betting

Hispanolistic/E+ via Getty Images Listen below or on the go on Apple Podcasts and Spotify U.S. Supreme Court refuses to hear challenge to Florida’s online sports betting compact. (00:30) Chegg (CHGG) jumps over 9% after announcing headcount reduction, restructuring. (01:39) McDonald’s (MCD) ends drive-thru AI partnership with IBM as it looks for a broad voice...

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Arizona posts year-on-year sports betting growth in April

Arizona posts year-on-year sports betting growth in April

Higher spending on sports betting led to a 26.1% year-on-year rise in adjusted gross revenue (AGR) in Arizona, while the Grand Canyon State also reported a month-on-month increase in revenue. Starting with handle, total spend in Arizona on April hit $656.3m (£516.9m/€611.6m). This is 22.5% higher than last year but 13.6% behind $759.8m in March this year. Arizona...