Author: John Olanipekun, Last updated:
Latest Articles
Bally’s and Intralot Finalize Merger Deal
Following the deal, Bally’s now holds a 58% stake in the Greek gaming firm, while Intralot has taken full ownership of Bally’s International Interactive business. The transaction, valued at an enterprise level of €2.7 billion, ncludes €1.53 billion in cash paid to Bally’s and €1.136 billion in newly issued Intralot shares. This structure gives Bally’s shareholders direct access to Intralot’s lottery operations while providing Intralot with Bally’s digital gaming technology and player base.
Esportiva Bet Appoints Soccer Legend Edmilson as Ambassador
Edmílson, a retired defender, is celebrated for the role he played in helping Brazil win the 2002 FIFA World Cup. As the new face of Esportiva Bet, the 49-year-old former Barcelona and Lyon player will represent the company’s focus on reliability and sports heritage in a market where betting firms increasingly align with national soccer figures.
PGCB Chief Warns of “Wild West” Prediction Markets
He warned that such markets could undermine the state’s regulated sports betting industry and pose risks to consumer safety. According to O’Toole, prediction markets, particularly those involving sports event contracts, jeopardize the state’s established regulatory structure for sports betting, which is carefully balanced to ensure integrity. He pointed out that prediction markets lack oversight and consumer protection, due to their self-certified models, which leaves them largely unchecked by the Commodity Futures Trading Commission (CFTC) at the federal level