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Regulation

Italy targets gambling revenue to help fund national spending plans

Italian Prime Minister Giorgia Meloni has approved the country’s Budget Law, laying out fiscal goals for her Brothers of Italy administration ahead of the 2027 general election. The government intends to rely on the gambling, energy and finance sectors as revenue sources to fund substantial public spending and help maintain broader economic stability.

Via SBC News · 30 Oct · Daily Brief

Image: Yogonet International

M&A

MGM Resorts ends takeover discussions following People Inc bid withdrawal

MGM Resorts International has concluded takeover negotiations with its primary shareholder, People Inc., after the investor rescinded its acquisition proposal. CEO Bill Hornbuckle stated during a third-quarter earnings call that while a special committee and People Inc. reached an agreement on transaction pricing, the shareholder could not successfully form an investment syndicate.

Via Yogonet International · 30 Oct · Daily Brief

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Business

Churchill Downs reports record revenue and net income in third quarter

Churchill Downs Incorporated posted all-time quarterly highs for the third quarter, reporting net revenue of $696 million, representing a 2% year-over-year rise of $13 million. Adjusted EBITDA reached $264 million, while net income climbed by $42 million to $80 million. The company additionally confirmed it plans to relocate its historical racing machines.

Via Yogonet International · 30 Oct · Daily Brief

Providers

UK Budget raises Machine Games Duty on Category B terminals

Venues including casinos, bingo halls and betting shops will see their Category B gaming machines subject to the higher 25% Machine Games Duty rate from April 2027 following a threshold reduction in the UK Budget. Meanwhile, British authorities have launched a consultation regarding transferring duty liability to machine suppliers from April 2028.

Via CasinoBeats · 30 Oct · Daily Brief

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Regulation

Brazil fixed-odds betting ban measure faces congressional delays ahead of December target

Brazil is targeting a December 20 approval for a provisional measure to ban fixed-odds betting, but the proposal may encounter legislative delays. Provisional Measure 1.394/2026 has not yet started formal committee proceedings in Congress. While committee members have been nominated, the official website for Congress shows that the measure is still waiting for the committee to be established.

Via Yogonet International · 30 Oct · Daily Brief

Regulation

ASA warns UK betting affiliate Optival over paid search ad

The UK Advertising Standards Authority issued a reprimand to betting affiliate website bestbookiesandbettingsites.co.uk, operating under the trading name Optival. The action followed a complaint regarding a paid search advertisement appearing after a consumer searched for self exclusion bookies. According to the regulator, the promotional ad directed users toward operators that were not part of self-exclusion schemes.

Via SBC News · 30 Oct · Daily Brief

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