The Australians have taken a firm grip on violators of the law on online gambling; Flutter Entertainment acquired Tombola, Enttain is also trying to buy Olympic Entertainment Group and create a truly larger gambling holding, while Gopher Investments announces its refusal to buy Playtech. In addition, in today’s summary of world casino news, you will learn about the statistics from Michigan.
Entain intends to make an offer to purchase Olympic Entertainment Group
Bloomberg reports that British giant Entain intends to take over Olympic Entertainment Group, an Estonian gambling holding that operates under the OlyBet and MaxBet brands in the Baltic countries, Slovakia, Italy, Romania, and Croatia. The deal is worth $ 1 billion.
Olympic Group was previously acquired by the late Novalpina Capital for $ 325 million. Now, judging by the likely size of Etain’s offer, Olympic’s value has tripled, which is explained by the company’s recent entry into the Romanian and Croatian markets.
JOI Gaming has received a license for online gambling in the Netherlands
JOI Gaming (owned by Dutch offline operator JVH Gaming & Entertainment Group) has received an online gambling license in the Netherlands.
The license came into effect on November 20. The casino will provide its services in the Netherlands through the Jacks.nl domain.
Gopher Investments announces refusal to purchase Playtech
Gopher Investments ditched Playtech. We previously wrote that Gopher is planning to make a purchase offer to Playtech.
Michigan October Report
Michigan online casinos and poker rooms shared their October results with total revenue of $ 109.7 million, up 7% from the previous month.
The report was also published by the state bookmaker’s office – the players made their bets for $ 463.5 million. This is 31% more than in September. Revenue amounted to $ 24.3 million.
Pennsylvania October earnings
The state of Pennsylvania reported gambling industry revenues for October. Revenue increased by 33% compared to October 2020 and amounted to 425.9 million dollars.
The online segment brought in $ 102.9 million, with slots generating the most revenue – $ 70.7 million.
Flutter Entertainment acquired Tombola
Flutter Entertainment holding company acquired Tombola. The deal amounted to £ 402 million ($ 543 million). The acquisition further enhances Flutter’s influence on the UK market as Tombola is the largest bingo site in Foggy Albion. Tombola had revenues of £ 164 million for the last fiscal year.
The Australian Communications and Media Authority starts blocking gambling sites in its country
The Australian Communications and Media Administration demanded that Internet service providers block two foreign sites with unlicensed lotteries at once. These sites are We Love Lotto and Red Fox Lotto. These are reportedly the first lottery sites to be blocked in Australia.
Bitcoin – Dollar rate at 11/23/2021: