?????????? NEWS

??????????? BetCity ??? Entain ??????????????????????

The former owners of BetCity, including various members of the Singels family, former CEO Melvin Bostelaar, and former marketing director Robert Kooiman, have launched a counterclaim against Entain, demanding €104 million. This comes in response to Entain’s original accusation that undisclosed regulatory investigations at the time of acquisition had reduced the value of the Dutch-facing business by as much as €156 million (￡133 million/$169 million).

Allwyn ?????????????????? ?????????? ???????????????????????????????????????? 2023

Allwyn International has announced its preliminary unaudited financial results for the three and twelve months ended 31 December 2023.

Bragg Gaming ??????????????????????????????????????? M&A

Bragg Gaming has recently announced the formation of a special committee led by M&A expert Don Robertson. The committee is tasked with exploring strategic alternatives for the company, which may include a potential sale of the business. The committee will also consider various options such as selling the company or its assets, merging with another entity, securing new financing, or making further acquisitions.

888 ????????????????????????????????????????????

888 Holdings PLC is strategically pivoting away from dotcom markets to prioritize regulated markets, a move designed to cultivate higher quality revenue streams. This shift is evident in their financial performance for 2023, which, despite a widened pretax loss, saw a significant increase in revenue and EBITDA. The growth is attributed to the incorporation of William Hill’s revenue post-acquisition and a deliberate adaptation of customer mixes in the UK, prompted by enhanced safer gambling measures. Operational changes, including an operating model reset, are projected to yield annual cost savings.

Flutter Entertainment ?????: ????????????????????? 2023 ??????????????????????????????????????????????

Flutter Entertainment, the global leader in online sports betting and iGaming, has released its financial results for the fiscal year ending December 31, 2023. The company has also provided guidance for the upcoming fiscal year, projecting a revenue growth of 17.5 percent at the midpoint

??????????????????????????????? 104 ??????????? Entain

The case of legal drama unfolds between Entain Plc and Sports Entertainment Media BV, a saga of disputed valuations and contested compliance that has found its way to the esteemed High Court of Justice of England and Wales.

?????????????????????????????????? Evolution AB

Investors have been sent a reminder of the imminent deadline of 25 March to file a lead plaintiff motion in the class action lawsuit against Evolution AB, trading as Evolution (OTC: EVVTY). The lawsuit pertains to those who acquired American Depositary Shares (ADSs) of Evolution during the period from 14 February 2019 to 25 October 2023. The class action lawsuit alleges that Evolution was involved in generating revenue through illegal gambling activities, which has led to significant financial losses for investors. The lawsuit follows a series of events that negatively impacted Evolution’s stock price.

???????????????????????????????: ??????????? DraftKings Hermalyn

Michael Hermalyn has refuted these allegations in a court filing, describing the lawsuit as nothing more than “character assassination.” Hermalyn, a seasoned sports-betting executive, found himself at the centre of a legal dispute when his former employer, DraftKings, accused him of stealing trade secrets when he moved to his new role at Fanatics. Hermalyn, however, refuted these allegations in a court filing, describing the lawsuit as nothing more than “character assassination.” Accusations and retribution

Rush Street ???????????????????????????????? DraftKings

Rush Street Interactive (RSI), a key player in the online betting industry, is actively exploring strategic options, including a potential sale. This news comes from a Bloomberg which cites anonymous sources claiming that RSI has approached potential buyers, with DraftKings named as one of the interested parties. Although RSI has not publicly commented on these discussions, this development highlights the fluid nature of the online betting landscape.

XLMedia ?????????????????????????????????? Gambling.com Group

XLMedia, a leading affiliate group, has announced its decision to sell its European and Canadian sports betting and gaming assets to Gambling.com Group. The deal, worth up to $42.5 million, is part of XLMedia’s strategic shift to focus more on the US market.