🪙 Crypto Casino GGR Surpassed $ 80 Billion in 2024
🇮🇳 UPI Crashed Three Times Due to IPL Betting Surge
💰 Hacksaw Gaming Preparing for Stockholm IPO
Bloomberg reports that Hacksaw Gaming is planning an IPO on the Stockholm Stock Exchange, working with major banks like Citigroup, Jefferies, and Carnegie.
🛍 Aristocrat in Talks to Acquire Interblock
Gaming provider Aristocrat is in discussions to acquire electronic table games manufacturer Interblock, in a deal estimated at around $ 1 billion.
- According to Yield Sec, global crypto gambling GGR grew fivefold from 2022 to 2024, reaching $ 81.4 billion.
- The average deposit at crypto casinos is about 10 times higher than at traditional fiat casinos, especially those operating under local licenses.
- Stake’s crypto casino GGR totaled $ 4.7 billion last year, with the company claiming it accounts for up to 4% of all Bitcoin network transactions.
🇮🇳 UPI Crashed Three Times Due to IPL Betting Surge
- The Unified Payments Interface (UPI) system crashed three times due to the massive volume of transactions linked to illegal betting on the Indian Premier League (IPL).
- According to The Economic Times, illegal IPL bets in India amount to over $ 100 billion annually.
💰 Hacksaw Gaming Preparing for Stockholm IPO
Bloomberg reports that Hacksaw Gaming is planning an IPO on the Stockholm Stock Exchange, working with major banks like Citigroup, Jefferies, and Carnegie.
🛍 Aristocrat in Talks to Acquire Interblock
Gaming provider Aristocrat is in discussions to acquire electronic table games manufacturer Interblock, in a deal estimated at around $ 1 billion.