The global iGaming industry is evolving and growing in different parts of the world. You need to stay updated as a Canadian player who loves to gamble at a casino or sportsbook site in Canada. Casimoose.ca is the place to look if you want to stay updated with global news in the iGaming industry.
This article will explore some global news in the iGaming industry. Keep reading to learn more!
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Get more information about some global news in the iGaming industry below.
Two reputable game providers in the iGaming industry - IGT and Everi have been acquired by Apollo Global Management Inc. This acquisition is valued at $6.3 billion, which brings both companies under the control of Apollo Global Management. The term of the agreement gives Everi stockholders $14.25 per share, while IGT will get $4.05 billion in cash from the sales of its company.
One of the partners at Apollo, Daniel Cohen, expressed optimism about the merger of these two industry giants. In the statement he gave about this acquisition in Apollo Global’s press release, he said: “This combination not only underscores our commitment to the gaming and leisure sector but also enhances our capabilities to capitalize on the growth opportunities.”
This acquisition is still ongoing and is anticipated to be finalized by the end of the third quarter of 2025.
SEGA SAMMY recently announced the acquisition of Stakelogic BV, a Dutch game provider through its subsidiary - SEGA SAMMY CREATION INC. The details of this acquisition show that SEGA SAMMY will make an upfront payment of €130MM and extra payments, which are dependent on Staklogic meeting some specific performance benchmarks.
The CEO of Stakelogic - Stephan Van Den Oetelaar will maintain his position as CEO post-acquisition to maintain stability and enhance continuity. This acquisition will be finalized in the first quarter of 2026.
According to a new report released by Eilers & Krejcik Gaming (EKG), supported by data from Fantini Research, the gross gaming revenue from the US iGaming market is expected to reach $7.3 billion in 2024, which is more than its revenue in 2023 - $6.5 billion. This revenue growth was traced to the outstanding performance of major players like FanDuel, DraftKings, and BetMGM. The combined market share of these operators is 89% for the first quarter.
FanDuel leads the pack, generating 35% of the total revenue, while DraftKings follows with 30% of the gross revenue. BetMGM also increased its market share from 15% in 2023 to 19% in 2024.
The Prime Minister of Cambodia, Hun Manet has banned new casinos in Kep and Kampt. This ban exempts Bokor Mountain in Kampot Province, where they currently have different casinos. Cambodia currently has 184 licensed gambling operators scattered all over the country.
Manet placed this ban on new casinos because he wants to diversify investment in hotel and hospitality, industry, agriculture, manufacturing, trade and special economic zones. According to the Prime Minister, this ban will further strengthen and promote cultural and religious preservation and ensure security in the country.
Gambling has been illegal for the people living in Cambodia since 1996. Only foreigners can play at the Cambodian gambling locations in the country.
Yggdrasil, one of the top software providers in the iGaming industry, is looking to expand its services to the Brazilian market with the help of Galera.bet. Players at Galera.bet can now access Yggdrasil’s selection of games and titles from its third-party initiative - YGG Masters.
This new partnership will boost Yggdrasil’s reach in Latin America and help the provider serve the market even better.
Clyde Vanel, a New York Assemblyman recently introduced Bill A10658, which seeks to extend New York’s restrictions on advertising for retail gambling facilities to sportsbook sites. According to this bill, New York’s retail casinos and racetracks must make sure their ads are factual and not mislead the members of the public. In addition, ads must not show anyone below 21 years old gambling.
Casimoose.ca is always updating its website with global news in the iGaming industry. You will find news relating to online casino and sports betting regulations in different regions, partnerships and acquisitions of companies, and launching of new games by top software providers.
