Brazil: Caixa's betting platform could be permanently scrapped
Brazil's President halted Caixa Econômica Federal's plan to launch its own betting platform, mentioning political contradictions.
Brazil's President halted Caixa Econômica Federal's plan to launch its own betting platform, mentioning political contradictions.
The operator's adjusted EBITDA for the first nine months of 2025 was reported to be €597m, representing an increase of 9.8% from the prior year period.
The Senate has postponed analysis of the bill that doubles betting operators' gross revenue tax to 24%, following a request from the Ministry of Finance.
Employees of the property began striking on October 17 after the casino refused to acknowledge the Teamsters Local 135 Union as the employees' bargaining representative.
Attorney General Keith Ellison issued cease-and-desist orders to 14 unlicensed operators on November 5, alleging the entities violated consumer-protection laws currently in place.
Operating income was up 33.1% year-on-year, while net income was up from $12.7m to $62m.
The company simultaneously released its disappointing Q3 results and details of its sale to Blake Sartini and Vici.
The company reported growth across several key verticals.
The operator seems confident it can bounce back despite losing one of its most widely marketed brands, which has now partnered with DraftKings. How long until HG Vora has something to say on the matter?
The operator will work alongside ESPN as it launches its new chapter in the sports betting scene.