13 November 2026RSS

Regulation, business and technology from the online gaming industry

iGaming News: latest iGaming industry news

KINGZWIN: Our Pick for Breakthrough of the Year in Casino Reviews

Our editorial pick for breakthrough of the year: KINGZWIN, a legislation-first casino review portal with a licence filter, a scoring engine and AI.

Every year the iGaming industry produces a long list of launches, rebrands and relaunches, and most fade within a season. Occasionally a project arrives that changes how a whole category of product is built. This year our editorial team has had one such project on its radar, and we are naming it our pick for breakthrough of the year: KINGZWIN, a casino review portal that treats ratings as an engineering problem rather than a marketing exercise.

To be clear about what this is: an editorial opinion, not an industry award. No jury, trade body or ranking organisation has handed KINGZWIN a trophy, and we make no such claim. It is our own judgement, formed by reading the portal's pages and following how it presents information to players. For transparency: iGaming News and KINGZWIN are part of the same media holding, an information agency, and we invite readers to judge the portal on its merits.

Why it stands out this year

Casino review sites are not new, and the genre has a reputation problem. Too many pages are ranked by whoever pays the most, and the reader is left guessing what a score really means. KINGZWIN takes the opposite stance. It describes itself as an independent information and analysis portal that publishes reviews, ratings and comparisons of online casinos and betting platforms, and it is equally clear about what it is not: it is not a gambling operator, it offers no games, it accepts no bets and it holds no player funds.

Three things set it apart in our view. First, the portal is built around legislation, not around bonuses. Second, it applies a licence filter before an operator can be rated at all. Third, its scores come from a scoring engine that judges every brand by the same logic, supported by an AI assistant that works with ratings, complaints and reviews. Together these choices turn a familiar product category into something closer to a data platform.

There is also the matter of reach. The site is available in 25 language and market versions, from Ireland and Germany to Japan and Kazakhstan, each shaped by local regulation and player protections. Few review portals attempt that breadth, and fewer try to keep the legal framing honest in every market.

The legislation-first approach

Most players choose a casino by looking at a welcome offer. The legal question, whether the operator may serve their country and what protections apply, usually comes last or not at all. KINGZWIN reverses that order. Its country pages explain the local legal situation before they talk about brands, because the rules of a market shape everything that follows.

The language switcher makes this concrete. It offers English variants for the United Kingdom, Canada, Australia and Ireland, German variants for Germany, Austria and Switzerland, Spanish for Spain and Argentina, and many more, including French, Italian, Portuguese, Norwegian, Danish, Finnish, Czech, Hungarian, Turkish, Azerbaijani, Russian, Ukrainian, Kazakh, Uzbek, Korean and Japanese. A reader in Argentina is not given the same framing as a reader in France, because regulators and consumer protections differ.

The same logic appears inside individual reviews. The Norwegian-language review of Casino-X carries an 18+ age gate and points readers to responsible gambling tools such as deposit limits and self-exclusion. It also notes openly that a Curaçao licence offers weaker consumer protection than a UK Gambling Commission or Malta Gaming Authority licence, and it tells readers to confirm in the regulator's public register that the licence is active before they deposit. That is the tone of a guide, not a sales page.

In our reading, the portal's philosophy is simple: a real licence and fair, readable terms matter more than the size of any bonus.

It is a modest idea, but it runs against how much of the sector markets itself, and it is the main reason we think the project deserves attention.

The licence filter

The second pillar is a strict entry condition. KINGZWIN reviews only operators that hold verifiable international licences. Its ratings pages show the licensing region next to each score, and the authorities that appear across the site include the Malta Gaming Authority, Curaçao Gaming and Anjouan Gaming, alongside others such as the Gibraltar Gambling Division, the Isle of Man, the Kahnawake Gaming Commission and the Alderney Gambling Control Commission, plus national regulators such as Spain's DGOJ and France's ANJ.

Why does a filter matter? Because a rating is only meaningful if the operator can be held to something. A licence gives a player a regulator to complain to, a public register to check and a set of rules the operator has agreed to follow. By requiring a verifiable licence up front, the portal removes the largest category of avoidable risk before any scoring begins. Licences differ in strength, and KINGZWIN does not hide that; it says so in its reviews.

The math engine: a layered scoring architecture

The technical idea at the centre of KINGZWIN is a mathematical scoring engine. The portal publishes its general approach: ratings weigh verifiable criteria such as the licence, bonus terms, payout speed, payment methods and support, and they take into account the history of player complaints. In product terms, the engine is a stack of cooperating layers, each with one job.

  • Licence Verification Layer: the gatekeeper. It asks whether an operator holds a verifiable international licence and whose regulation it falls under, and it decides who may enter the rating process at all.
  • Terms Analyzer: turns bonus conditions and withdrawal rules into comparable values, so that a headline offer is judged by its fine print.
  • Payments and Payouts Module: looks at the range of payment methods and how smoothly winnings reach the player.
  • Support Evaluator: assesses how accessible and useful customer service is when a player needs it.
  • Complaint Intelligence: brings the history of player disputes into the picture, comparing what an operator promises with how it behaves.
  • Score Composer: combines the outputs into one rating, applying the same logic to every brand.

The design principle matters more than the labels. Each layer works from facts that a reader can check independently, such as a licence in a public register or a published withdrawal rule, and the composer treats every operator identically. The portal also states that commercial relationships do not influence scores, and its About page puts it bluntly: scores are not for sale.

We think the complaint layer is the most interesting part. Terms and conditions describe how a casino says it will behave. The record of player complaints shows how it behaves when money is at stake. An engine that weighs both can surface the gap between the two, and that gap is exactly what players want to know about. This is what we mean by high-tech in this context: not decoration, but a repeatable process in which inputs are verifiable and outputs are consistent.

The AI assistant for complaints and reviews

The newest part of the platform is an AI assistant that studies the ratings and processes complaints and reviews about casinos. It sits on top of the scoring engine as the portal's analytical layer, turning scattered player feedback into structured signals the editors can act on.

The reasoning behind the idea is easy to follow. The most valuable information in this industry is unstructured: free-text complaints and reviews written by real players, in many languages. Reading all of it is slow for a human team. An assistant that reads the ratings, sorts incoming complaints, summarises recurring themes and flags unusual patterns gives editors a head start, so they can spend their time on judgement and verification. In product terms, think of it as a triage desk sitting beside the scoring engine, feeding it context while people stay accountable for the final word.

What this means for players

For readers, the practical benefit is a different way to choose a casino. Instead of starting from the biggest bonus, a player can start from three questions that the portal is designed to answer.

  • Is this operator relevant where I live? Country pages and local versions frame the legal situation first.
  • Is the licence real and verifiable? Only operators with international licences are reviewed, and reviews urge readers to check the register.
  • How does the casino behave when something goes wrong? The complaint history is part of the rating, not an afterthought.

Readers can see the current scores on the casino ratings page, and we recommend doing so before drawing conclusions from our summary. A fair reading of any ranking begins with the criteria behind it.

Responsibility comes first

A gambling portal cannot be discussed without player protection. KINGZWIN restricts its content to adults aged 18 and over and has a dedicated responsible gambling page describing tools to look for, including deposit caps, loss limits, session limits, reality checks, time-outs and self-exclusion, with pointers to support organisations such as GAMSTOP, GamCare, GambleAware and Gamblers Anonymous. Its message is that gambling is entertainment that comes at a cost, never a way to make money or recover debts. We share that view. If it stops being fun, stop and seek help.

Our verdict

Why call this the breakthrough of the year? Not because of size or audience, which we have not verified and will not guess at. We choose it for the idea. KINGZWIN takes a category long built on persuasion and rebuilds it around evidence: a legislation-first structure, a licence filter, a layered scoring engine that treats every operator alike, a complaint record that carries real weight, and an AI assistant that helps make sense of player feedback across 25 language and market versions.

There are caveats, and a good editorial should name them. A rating is a model, not a guarantee, and the portal itself reminds readers to verify licences independently. A Curaçao licence is not equivalent to a UKGC licence, and the site says so. And as with any rating, the best test is your own: compare the scores with the operators' published terms before you play.

Even so, the direction is right. Review portals that show their legal reasoning and keep the player's interests ahead of the operator's will earn trust, and trust is the scarcest asset in this sector. For that reason KINGZWIN is our pick for breakthrough of the year, and a useful benchmark for what an innovative casino review portal can look like. Players must be 18 or over, and should always gamble responsibly.

Codere Online Q3 revenue jumps 31% on strong Mexico

Codere Online grew Q3 revenue 31% to EUR 62.6m and reaffirmed guidance while staying cautious.

Codere Online reported third-quarter 2026 revenue of EUR 62.6 million ($69.2 million), up 31% year on year, with adjusted EBITDA rising 45% to EUR 4.2 million.

  • Gaming win: EUR 67.1 million, up 30%.
  • Mexico revenue: up 37%, the main driver of the quarter.
  • FY2026 guidance reaffirmed: gaming win of EUR 255-265 million and adjusted EBITDA of EUR 20-25 million.

CEO Aviv Sher kept a conservative tone, pointing to problems in Spain and foreign-exchange headwinds. He also noted a post-World Cup slowdown in August and September.

Looking ahead, the company flagged new deposit identification rules in Spain, joint deposit limits due in March 2027, a possible return of 19% VAT on online gambling deposits in Colombia, and expected online gambling regulation in Uruguay, where it remains interested in entering.

Parent Grupo Codere reported 6% gaming revenue growth and a 39% EBITDA increase for the quarter.

Mexico was again the key regional contributor to the quarter.

Source: iGaming Business

Brazil's Congress extends provisional measure banning betting by 60 days

Provisional Measure 1,394 now has a congressional review deadline of 4 March 2027 after an extension signed by the Senate president.

Senate President Davi Alcolumbre extended Provisional Measure No. 1,394 by 60 days through Act No. 118. The measure bans the operation, offering, intermediation and advertising of betting platforms in Brazil, and its new review deadline is 4 March 2027 instead of 23 November 2026.

The joint committee that must examine the text has not yet formally convened. Almost 100 amendments have been filed, but no chair or rapporteur has been named, which has to happen before floor votes.

Emerging points of agreement among lawmakers:

  • A full prohibition of online casino games.
  • Tougher action against illegal gambling advertising.
  • Limiting promotion to sports betting and banning casino-game advertising.

Time is tight. Congress goes into recess from 23 December to 1 February, and the calendar will also be taken up by budget talks, leadership elections in both chambers and Carnival in February. Because of this, the extended deadline may be needed in full before any text reaches a vote.

Source: iGamingBusiness

Romania's local licensing deadlock threatens 80% of gambling venues

Industry body FEDBET says authorised slot machines fell sharply because councils have not adopted the permit decisions required under GEO 7/2026.

The Federation of Romanian Gambling Organisers (FEDBET) warns that Romania could lose about 80% of its authorised slot machines and gambling venues by the end of 2026.

The problem stems from Emergency Government Ordinance No. 7/2026, which gave local authorities a role in granting gambling permissions. Fewer than 4% of the country's roughly 3,100 administrative units adopted the required council decisions by the 60-day deadline in April. Without local permits, the National Office for Gambling cannot renew operator licences.

Figures cited by FEDBET:

  • Authorised machines fell from 43,306 in March to 15,579 on 1 November.
  • A further drop to 9,096 is projected by 1 January 2027.
  • About 8,500 jobs are affected and revenue losses are estimated at 320 million lei by year end.
  • The Finance Ministry projected a gambling-tax shortfall of 750 million lei.

The federation cautions that players may drift to unlicensed operators without age checks or safeguards, and asks for temporary rules so compliant operators can keep trading until councils act.

Source: iGamingBusiness

UK Gambling Commission widens illegal market crackdown to money and assets

The regulator says it is going after payments, advertisers and suppliers, reporting about 1,000 cease-and-desist notices so far this year.

The UK Gambling Commission has said it is moving beyond website takedowns to target the finances and infrastructure of illegal operators. The announcement coincided with the first Illegal Gambling Awareness Week (9 to 13 November), promoted by the International Association of Gaming Regulators.

Executive director of operations Sue Young said anyone running an illegal operation would face action against the business and its money.

Figures for 2026/27 to date:

  • More than GBP 40 million in suspected criminal funds referred for asset freezing.
  • About 1,000 cease-and-desist notices issued.
  • 2,200 websites referred for disruption.
  • 7.8 million URLs sent to search engines, with roughly 3 million removed from results.

The Commission said its enforcement now covers payment systems, advertising channels, game suppliers and physical assets used by unlicensed operators, and that search-engine referrals rose by more than 5,000% between the first and second quarters.

Source: Casinos.com

Allwyn buys Kambi sportsbook code and the rest of IWG

Allwyn will license Kambi's sportsbook source code for EUR 50m and take full ownership of Instant Win Gaming.

Allwyn announced on 10 November that it is bringing more of its technology in-house, pairing a sportsbook platform deal with a buyout of a content supplier.

The operator secured a perpetual licence to Kambi's sportsbook source code so it can build its own unified betting platform. The consideration is EUR 50 million (about $56 million), paid over three years, with roughly half expected in 2027.

  • Allwyn expects central trading, odds-setting and risk teams to cost low tens of millions of euros a year from 2027.
  • Kambi is to support development and deployment, and some of its staff may move to Allwyn.
  • Allwyn reported more than EUR 800 million of sports betting GGR in 2025.

In a separate step, Allwyn is acquiring the remaining 30% of Instant Win Gaming (IWG) for roughly $120 million (EUR 107 million), lifting its holding from the 70% it has owned since 2024. Completion is expected in the first quarter of 2027, and IWG's founders are staying on in executive roles.

iGaming Business notes the moves follow Allwyn's failed attempt to buy Novibet earlier this year.

Source: iGaming Business

UK Gambling Policy Commission opens review of the Gambling Act 2005

The independent commission, chaired by Jagjit Chadha, has a call for evidence open until 12 February 2027 and aims to report in 2028.

A new Gambling Policy Commission began work on 9 November 2026 to assess whether the Gambling Act 2005 still fits today's market. It is chaired by Cambridge economist Jagjit Chadha, with Reading's James Reade as chief economist. Reports describe it as independent rather than a government body.

Topics on the agenda:

  • Online expansion and newer products such as prediction markets and crypto-linked betting.
  • Consumer protection and taxation.
  • The role of artificial intelligence.
  • Civil liability for gambling-related harm.
  • Links between betting and sport, including horseracing.
  • Illegal and offshore gambling.

The call for evidence closes on 12 February 2027, research will continue through 2027, and a final report is expected in 2028. Chadha noted that the last full independent review took place about 25 years ago, the Budd review of 2001, which led to the current Act. The commission's work does not itself change the law, so any reform would still depend on later government decisions.

Source: World Casino Directory

Mozambique's online casino rules under Decree 61/2026 start 20 November

The decree sets capital and guarantee requirements and mandatory player limits, with licences limited to two or three years.

Mozambique's new online casino framework, set out in Decree No. 61/2026 and approved on 21 September 2026, is due to take effect on 20 November 2026.

Operator requirements:

  • Minimum share capital of MZN 100 million.
  • Initial guarantees totalling MZN 25 million, split between legal obligations and the special gaming tax.
  • At least 26% of paid-up capital held by Mozambican shareholders.
  • Licences of up to three years for existing casino operators and up to two years for new ones.

Player protection:

  • Players must set daily, weekly and monthly deposit limits when registering.
  • Age verification must be automatic and under-18s are barred.
  • Self-exclusion applies immediately and lasts at least three months.

Payments are restricted to meticais through instruments authorised by the Bank of Mozambique, and requested balances must be transferred within 48 hours. Operators must also contribute at least 2.5% of annual gross revenue to social responsibility and tourism development.

Source: iGamingBusiness

DraftKings Q3 revenue climbs 16% as predictions spend weighs

DraftKings posted $1.33bn in Q3 revenue but a $468.7m net loss as it invests heavily in predictions.

DraftKings published its third-quarter 2026 results on 5 November. Revenue rose 16% to $1,329 million from $1,144 million a year earlier, but profitability moved the other way.

  • Net loss of $468.7 million, versus a $256.8 million loss in Q3 2025.
  • Adjusted EBITDA of negative $316.9 million, compared with negative $126.5 million a year ago.
  • Monthly Unique Payers rose 13% to 4.1 million, and average revenue per payer increased 3% to $109.

The company's results release shows mobile sports betting live in 27 states, Washington D.C. and Puerto Rico, with iGaming operating in five states.

DraftKings is also pushing into Predictions: more than 1.6 million customers have engaged with the product so far this year, and the company says it is investing $650 million to $700 million in it for full-year 2026.

Investors will watch whether that spending converts into the earnings recovery the business needs in the quarters ahead.

Source: DraftKings (SEC Form 8-K, Q3 2026 results)

GAN's UK arm surrenders its Gambling Commission B2B licence

The surrender on 4 November came as the group restructures and shifts its focus towards the US market.

GAN's British subsidiary surrendered its Gambling Commission business-to-business licence on 4 November 2026, ending an authorisation held since 2009, according to reports published on 10 and 12 November.

The step coincides with a wider restructuring. UK entity accounts show revenue down 61% to GBP 6.13 million, with a pre-tax loss of close to GBP 10 million.

Restructuring points reported:

  • 66 international roles were cut earlier in the year, with 27 more planned through March 2027.
  • The UK office and the Silverback Gaming content business are being closed.
  • Legacy technology is to be retired and management consolidated.
  • The group is prioritising the United States, including tribal casino partnerships, and simulated gaming.

Coolbet, the group's consumer brand, was also reported to have 131 roles at risk at its Tallinn base. The licence surrender is a company decision rather than a regulatory sanction, and reports tie it to the retreat from the UK B2B market.

Source: NEXT.io

Flutter trims 2026 outlook after soft third quarter

Flutter's Q3 revenue rose 2% to $3.87bn, but EBITDA fell 25% and full-year guidance was lowered.

Flutter Entertainment reported third-quarter 2026 revenue of $3.87 billion, up about 2% year on year, while EBITDA dropped 25% to $360 million. Analysts had expected roughly $417 million of EBITDA on $4 billion of sales, according to Casino.org.

  • 2026 adjusted EBITDA guidance was cut by $160 million to $2.49 billion.
  • The midpoint of 2026 revenue guidance was lowered by $300 million to $17.61 billion.
  • International revenue came in at $2.42 billion, below the $2.59 billion consensus, with international EBITDA down 14% to $435 million.
  • Brazil's online betting ban led to $873 million of non-cash impairment charges.

Flutter said it plans to invest up to $385 million in the second half of 2026 on FanDuel customer acquisition and retention, aiming to reinforce its position in the US sportsbook market.

Unfavourable sports results were cited as one reason revenue did not keep pace with wagering activity.

Source: Casino.org

Stablecoins made up 73% of crypto casino deposits in September

Tracker data shows stablecoins dominate crypto casino deposits, with Stake taking 45.5% of tracked value.

An analysis published by Gambling.com on 4 November, based on Tanzanite tracker data, finds that stablecoins accounted for 73.3% of crypto casino deposits in September 2026, after 75.5% in August.

  • USDT: $2.63 billion across 2.18 million deposits.
  • USDC: $998 million, nearly double its October 2025 level.
  • Solana: $591 million; Ethereum: $470 million.
  • Stake: 774,000 depositing wallets and 45.5% of tracked deposit value, more than the next nine operators combined.

Operators hold a different mix from what customers send. Stablecoins were only 55.1% of visible hot wallet balances in August and 57.2% of reserves in September.

The data has limits: it tracks only Ethereum, Tron, Solana and BNB Chain, so Bitcoin, Litecoin and Dogecoin deposits and on-site fiat conversions are not captured.

Readers should treat the percentages as a sample of on-chain activity rather than the whole market, since several large deposit routes are missing from the tracker.

Source: Gambling.com

Spain requires payment method and gambling account holder to match

Royal Decree 813/2026 obliges licensed operators to verify payment-instrument ownership, with a six-month transition for existing accounts.

From 28 October 2026, Spain's licensed online gambling operators must confirm that the holder of a payment method used for deposits and withdrawals is also the registered holder of the gambling account.

The requirement comes from Royal Decree 813/2026, which amends financial-sector rules and partly transposes EU Directive 2024/1640 on anti-money-laundering mechanisms. The Ministry of Social Rights said it aims to strengthen user protection and make it harder to use third-party payment methods.

The measure responds to identity-theft concerns: complaints in online gambling rose 12% in Spain in 2025, to 8,675.

Timeline:

  • New accounts are covered immediately.
  • Existing accounts have until 28 April 2027 to adapt.
  • During the transition, existing players can deposit and play but cannot withdraw winnings until verified.
  • After six months, operators must end contracts with unverified accounts and return balances.

Source: Gaming.net

Finland has granted 12 online gambling licences ahead of 2027 opening

As of 26 October, Finland's National Police Board had received 79 applications, approved 12 and rejected none.

Finland's National Police Board reported that, as of 26 October 2026, it had granted 12 licences out of 79 applications received for the new competitive online market. No application had been rejected at that point.

The country is moving from a state monopoly to a licensing model, with the market scheduled to open on 1 July 2027.

Early licence holders include:

  • Hippos ATG Oy and SuomiVeto Oy
  • Sunflower Gaming Limited and Cloudberry Ent Limited
  • Granturo Finland Ltd (Wildz Group) and Skill On Net Ltd
  • Several other limited companies such as SixthSpin, KuuFlip and RocketLily

Monopoly holder Veikkaus had filed an application but had not yet been approved at the time of reporting. It is set to keep exclusive rights over lotteries, scratchcards and land-based gaming machines. The 2026 Finnish gambling market was estimated at about EUR 1.9 billion in gross gaming revenue, with roughly 81% coming from online.

Source: iGamingBusiness

Dutch regulator fines unlicensed operator a record EUR 37m

The Netherlands Gambling Authority penalised EOD Code SRL over a network of unlicensed sites aimed at Dutch players.

The Netherlands Gambling Authority (KSA) has issued the biggest penalty in its history, a EUR 37 million fine against EOD Code SRL for running unlicensed online gambling aimed at the Dutch market.

The company was reported to run a network of more than a dozen casino-style sites, with brands such as Instantcasino, Skyhills, Slotmonster and Betiro among them. KSA inspectors confirmed that bets could be placed from within the Netherlands.

Reasons cited for the penalty:

  • Age verification on many sites was inadequate or unclear, raising underage-play concerns.
  • Payments in cryptocurrency and other anonymous channels were accepted, which the regulator linked to money-laundering and consumer-protection risks.
  • The sites did not block access from the Netherlands despite lacking a licence.

The amount was set as a revenue-based penalty, scaled to what the operator earned from Dutch players. The case shows the KSA focusing on offshore brands that ignore the licensing regime and on weak safeguards at the point of entry.

Source: iGamingBusiness

Evolution Q3 revenue up 3.7% with RNG leading growth

Evolution reported Q3 revenue of EUR 526.1m and a 65.8% adjusted EBITDA margin, helped by 10% RNG growth.

Evolution released its January-September 2026 interim report on 23 October. Third-quarter net revenue reached EUR 526.1 million, up 3.7% year on year, and adjusted EBITDA rose 2.7% to EUR 345.9 million, a margin of 65.8% against 66.4% before.

  • Live casino revenue: EUR 443.0 million, up 2.6%.
  • RNG revenue: EUR 83.1 million, up 10.1%.
  • Net profit: EUR 243.3 million versus EUR 252.3 million, while earnings per share rose to EUR 1.31 from EUR 1.25.
  • Nine-month revenue: EUR 1,557.0 million, up 0.3%.

Gambling.com reports growth in North America (+13.6% year on year), Latin America (+23.1%) and Africa (+23.7%). The report also describes a temporary studio closure in Brazil after the country's regulatory rollback.

On content, the company named Monopoly Roll'em, Disco Balls and Spinning Whale among releases and is targeting more than 110 new games in 2026.

Net revenue grew quarter on quarter in every region for the first time since 2024.

Source: Gambling.com

New Jersey codifies data-driven responsible gaming duties for operators

Finalised rules require thresholds, a designated lead, staged interventions and five-year record keeping.

New Jersey has finalised regulations that turn behaviour-based responsible gaming practices into enforceable requirements, according to a legal analysis published in October 2026. The piece describes the state as the first to codify such data-driven duties.

What operators must do:

  • Appoint a designated responsible gaming lead.
  • Apply play thresholds and behavioural triggers to spot at-risk patrons, based on factors such as deposits, turnover, self-exclusion requests, cool-off periods and cancelled withdrawals.
  • Carry out a due diligence review once a threshold is met and keep a list of at-risk patrons.
  • Retain records of reviews and interventions for at least five years.

Interventions run in three phases, moving from educational information to approved responsible gaming videos and then direct outreach by staff. Operators may not send direct advertising or promotional offers to patrons who are going through a required intervention. Firms will need to align staffing, automation, marketing controls and record keeping with the framework.

Source: Regulatory Oversight (law firm analysis)

The PA agrees AU$49.8m takeover of Racing and Sports owner RAS

UK-based PA Group has agreed an all-cash scheme to buy ASX-listed RAS Technology at a 93% premium.

The PA, the Press Association group, has agreed to acquire ASX-listed RAS Technology Holdings, the owner of racing data and wagering technology supplier Racing and Sports.

  • Price: AU$1.04 per share, about AU$49.8 million (roughly 26 million pounds) in total.
  • The offer is a 93% premium to the AU$0.54 closing price on 16 October.
  • Structure: an all-cash scheme of arrangement, with completion targeted for February 2027.
  • The RAS board has unanimously recommended the deal, and a shareholder vote is expected in late January 2027.

Co-founders Gary Crispe and Robert Vilkaitis, who together hold 34% of RAS, are backing the transaction.

The PA plans to combine RAS with Podium, its racing and sports betting data arm, as a way into Australian wagering. PA CEO Emily Shelley and Racing and Sports CEO Stephen Crispe are named in the announcement as part of the leadership picture.

The PA says the combination draws on complementary strengths and global reach, and stresses its commitment to trust and integrity.

Source: iGaming Business

Matchbook completes acquisition of rival exchange Betdaq

Matchbook has finished buying Betdaq, merging two long-running betting exchanges to pool liquidity.

Betting exchange operator Matchbook announced on 14 October that it has completed its acquisition of rival exchange Betdaq, bringing two long-established peer-to-peer platforms under one roof.

Matchbook CEO Ronan McDonagh said the deal reinforces the company's aim of making exchange betting the first choice for bettors, arguing that the combined business can offer better prices and deeper liquidity than either exchange could alone.

  • Betdaq's service stayed live until 21 October 2026.
  • Withdrawals from Betdaq accounts remain available until 4 November.
  • Customers are expected to see deeper liquidity pools, tighter spreads and larger matched bets at their chosen prices.

iGaming Business places the deal against growing interest in peer-to-peer betting and prediction markets, particularly in the US. Matchbook, founded in 2004, partnered with EasyGroup in 2024 to launch EasyBet, and has also worked with ADI PredictStreet around the 2026 World Cup.

Source: iGaming Business

Study: AI assistants name unlicensed casinos to Dutch users

A XY Legal Solutions test found all ten AI tools suggested at least one unlicensed operator.

Research by XY Legal Solutions, carried out in August and September 2026 and reported by iGaming Business on 1 October, tested how ten AI assistants answer questions about licensed online casinos in the Netherlands.

  • Tools tested: ChatGPT, Google AI Mode, Gemini, Microsoft Copilot, Perplexity, Claude, Grok, DeepSeek, Mistral Le Chat and Meta AI.
  • 79 test interactions were recorded, and 33 of them named unlicensed operators.
  • All ten tools named at least one unlicensed operator, and eight did so in response to neutral questions.
  • Mistral Le Chat, Google AI Mode, DeepSeek and Grok suggested illegal sites after a single prompt.

Three assistants, Microsoft Copilot, Mistral Le Chat and Google Gemini, presented unlicensed operators as legitimate. Copilot produced a 'Top 50 legal casinos' list that implied approval by the Dutch regulator for unlicensed brands.

The article adds that Dutch gambling association VNLOK sued Meta in October over illegal gambling advertisements on Facebook and Instagram.

Source: iGaming Business