Entain third-quarter net gaming revenue rises 3% despite 36% fall in Brazil
Brazil’s revenue decline contrasts with growth elsewhere, while the ban on most regulated online gambling poses market risk.
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Brazil’s revenue decline contrasts with growth elsewhere, while the ban on most regulated online gambling poses market risk.
Leading operator CEOs warn doubling Machine Games Duty to 40% could close betting shops and casinos and cost jobs, ahead of the budget.
Investors should weigh Italy’s revenue decline against rising volumes, as bettor-favourable results squeezed sports margins.
Virtual overlays let Conmebol replace betting brands with institutional messages or other sponsors for Brazilian viewers.
Auction winners paid NZ$15 million per right yet still need full assessment, leaving operators exposed to capital risk until licences are expected in early 2027.
A Geneva-based body backed by Flutter, Entain, Bet365 and others, led by a veteran of EGBA, signals coordinated global lobbying that regulators must engage.
Flutter expects the tax increase to pressure smaller operators and warns unlicensed gambling could grow.
The ban could block licensed operators from Brazil and force companies to reassess legal and financial plans.
The campaign links the proposed tax rise to possible job losses, venue closures and lower Treasury receipts.