Betting titan Bet365, trading app Robinhood, gaming software provider EveryMatrix, and game developer Evolution under scrutiny
Get the scoop on the week's major happenings in the gambling industry, where one of the renowned betting players is reportedly considering a massive move!
Bet365, the private gaming and betting heavyweight controlled by the Coates family, has been rumored to be in the market for a potentially groundbreaking transaction. According to the Guardian, the buzz is revolving around a whopping Β£9bn price tag.
Itβs said that the company has held discussions with US banks about a partial or full sale, as well as the possibility of going public in the United States. However, no concrete decisions have been made yet. If these whispers turn out to be true, it would certainly be one of the year's biggest events in the gambling world.
Bet365 is a global powerhouse that has managed to thrive despite battling tougher regulations, slower demand in certain sectors, and higher costs of operation.
Robinhood announced a significant milestone with its platform witnessing one billion event contracts traded over the past six months. Interestingly, only around 50% of these contracts involved sports.
Business & Finance
EveryMatrix reported a strong start to Q1 2025, generating β¬54m in net revenue and β¬28m in EBITDA - a 39% and 27% year-over-year increase, respectively. The company attributed these results to its existing clients and innovative product launches. Among its achievements during the quarter were the successful migration of Bet600 to the EveryMatrix platform and a deal with FSB Technologies. Furthermore, the company cemented partnerships with SkyCity in New Zealand and LeoVegas Group to boost its global sports betting offering.
The Q1 2025 results from Evolution Gaming showed slight hurdles for the firm, which noted declines in some performance markets, such as the RNG division, whose revenue contracted to β¬72.3m, although it was still higher year-over-year. Evolution also faced challenges in its Asia division and said that it has taken steps to ensure long-term sustainability and growth. The live casino vertical remained Evolution's primary growth driver, contributing β¬448.7m in Q1 2025.
MGM Resorts posted a fairly robust quarter, with a minor contraction of 2% year-over-year, although net income fell to $149m, compared to $217m year-over-year. Net revenues from Las Vegas Strip resorts reached $2.2bn for the company during the reported period.
Bragg Gaming Group appointed Holly Gagnon as the Chair of the Board of Directors, marking the latest senior management appointment for the company.
Regulation and Laws
Upcoming events, such as the SBC Summit Malta, will focus on crucial markets in the region, including Curacao, Malta, Germany, the United Kingdom, and Italy, with discussions around the regulatory challenges companies in the sector face.
Responsible Gambling
Jenny Watson, the outgoing chair of the self-exclusion industry scheme Gamstop, highlighted the achievements of the program, as she prepares to step down in September. Watson stated that 1% of adults in the United Kingdom, or about 560,000 people, have been excluded from regulated gambling websites, and 75% of all those who were excluded stopped gambling as a result.
The Voice of the Industry
Our website News seized the opportunity to chat with sponsor Medier and Affiliate Director Mary Ivanova. In the interview, Ivanova discussed iGaming marketing and what companies in the sector need to do to maintain a solid market position.
Meanwhile, our website News has been nominated for the inaugural SBC Awards Europe 2025 in the "Casino Affiliate of the Year" category. As a leading casino database, our website adopts a clear player-centric approach, favors practices based on openness, transparency, and fairness, and is dedicated to improving industry practices through its unique Safety Index reviewing methodology.
- The gambling industry is abuzz with news about potential developments regarding Bet365, as the betting giant is reportedly considering a massive move worth Β£9bn.
- Amidst these developments in sports betting, it's worth noting the recent remedial measures taken by EveryMatrix, which generated β¬54m in net revenue and β¬28m in EBITDA in Q1 2025.
- EveryMatrix's success story contrasts with Evolution Gaming's slightly challenging quarter, where the RNG division saw a revenue contraction, although the live casino vertical remained Evolution's primary growth driver.
- In the finance sector, the casino-and-gambling industry has continued to attract significant interest, as even finance giants like MGM Resorts reported strong quarterly performances.
