The GI Newswire: 6 January 2025
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Allwyn to acquire majority stake in Novibet
Allwyn has announced its agreement to acquire a 51% stake in Logflex MT Holding, the parent company of Novibet. The transaction involves an initial cash consideration of €217m ($226m), with potential additional earnouts of up to €110m based on performance metrics. Novibet – which employs over 1,000 people across operational hubs in Malta, Greece and Brazil – has an established market presence in multiple jurisdictions including Brazil, Cyprus, Greece, Ireland and Mexico. Read the full story here.
Other stories from Europe:
Mohegan reports highest-ever annual revenue, up 13% to $1.9bn
Mohegan has published its Q4 and FY2024 reports for the periods ending September 30, 2024. Net revenue for the Q4 period totalled $497.7m, an increase of 12% when compared to the same period in 2023. However, this was accompanied by a 30% dip in income from operations down to $33.5m, which management has attributed to costs related to Mohegan Inspire. The net loss was ($63.3m), compared to the ($18.9m) figure from last year. Read the full story here.
Other stories from North America:
Brazil reveals list of legal sports for fixed-odds betting
A large quantity of sports, most crucially football, have been underlined as approved for fixed-odds sports betting less than 24 hours prior to the opening of the Brazilian market, with local reports also indicating numerous license approvals. As detailed by the Ministry of Sports, many popular sporting activities have been authorised by the Brazilian government, making them eligible to bet on ahead of the regulation of the nation’s sports betting market in the new year. Read the full story here.
Other stories from South America:
SCCG Management expands focus in Africa through strategic partnerships??
SCCG Management has expanded its focus on Africa’s gambling market through a partnership with legal expert Yahaya Adamu Maikori and gaming entrepreneur Kahari S Nash. Maikori, a gaming and sports solicitor, has been involved in mergers, acquisitions and regulatory frameworks across the continent.?Nash, known for developing culturally tailored gaming solutions, brings operational insights aimed at aligning global technologies with African market demands.?Read the full story here.
Macau December GGR marks first dip in growth in two years
The statistics for the month of December have been submitted by the Gaming Inspection and Coordination Burea of Macau, giving a full set of results for the year. This marks the first time gross gaming revenue (GGR) has fallen annually for the first time in two years. In 2023, GGR was MOP 18.6bn ($2.33bn), but this fell 2% to MOP 18.2bn for December 2024. Read the full story here.
Other stories from Asia-Pacific: