Waterhouse VC invests in global public and private businesses related to wagering and gaming. Subscribe here: bit.ly/3eUusJC. Founded by @tomwaterhouse
May Newsletter | Waterhouse VC is seeing more individuals and teams attempting to build serious betting operations, with AI acting as the catalyst. The question is whether AI helps new teams get close enough to compete, or simply makes the strongest groups more efficient.
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The New York State Gaming Commission has reported the data for the week ending June 7.
Handle was $448.6m, GGR was $34.1m, a 7.6% hold.
FanDuel held $154.8m, GGR $11.5m, a 7.4% hold DraftKings held $152.3m, GGR $9.3m, a 6.1% hold
Flutter Entertainment has announced it will stop trading its shares on the London Stock Exchange on 31 July 2026 and complete its delisting on 3 August.
After that it will remain listed only on the New York Stock Exchange under the FLUT ticker.
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South Korea’s communications regulator has blocked and ordered the termination of 1,280 unlicensed sports betting websites.
From January to June this year, the Korea Communications Standards Commission handled 5,279 cases involving illegal sports gambling sites.
The commission also dealt with 43,718 cases in 2025 and 69,350 cases in 2024.
Are you a startup in the wagering industry seeking funding or investment?
We’ve launched a Pitch Us portal for ambitious companies operating in the wagering space.
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Technology provider Sportradar has announced a deal with prediction market operator Kalshi.
Sportradar will provide Kalshi with solutions from its newly created Sportsbook Predictions Services division, including official sports data and live odds, fan engagement solutions, customer acquisition solutions, and integrity services.
Bally’s Intralot has agreed to acquire Evoke, the owner of William Hill and 888, in an all-share deal valuing the operator at £243m (US$326m).
Evoke shareholders will receive 0.537 new Intralot shares for each evoke share held. Shareholders will also have the option to elect for a cash alternative of 52p per share, subject to a £117.1m cap.
Macquarie Bank is projecting the 2026 FIFA World Cup to generate record global betting activity.
Macquarie said total global wagers could exceed US$50 billion, with further upside from parlays and player props.
Macquarie forecasts a 2–5% uplift to operator EBITDA in the following year.
Last week the New Zealand government officially published detailed regulations to implement the Online Casino Gambling Act 2026. These regulations, coming into force on 3 July 2026.
The market will operate with a cap of up to 15 online casino licences.
Are you a startup in the wagering industry seeking funding or investment?
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The New York State Gaming Commission has reported the data for the week ending May 31.
Handle US$482.9m, GGR $26.9m, a 5.6% hold.
FanDuel held $171m, GGR $11m, their lowest revenue in 18 weeks
DraftKings held $158.2m, GGR $8.8m, only the third time GGR was under $10m this year
Play971 has launched in the United Arab Emirates as the country’s only licensed sports betting and iGaming platform.
Play971 will offer mobile and desktop sports betting and online casino products, launching in time for the 2026 FIFA World Cup.
Arizona will reopen applications for event wagering licenses from June 26 to July 10, the Arizona Department of Gaming has announced.
Arizona has 14 active wagering licenses, with six licenses still available.
Last week we were awarded "Investment Partner of the Year" at the @EGRIntel B2B Awards 2026.
Thank you to EGR Global for the recognition, and congratulations to all the other winners.
“If you believe that Flutter can withstand the onslaught attack from these prediction markets and it regain supremacy in the US market, and you believe regulation and taxation has reached peak, then it’s a very interesting bet.”
- @tomwaterhouse on the possible ownership upheaval at one of the world's biggets gambling companies.
What do the changes in the US wagering market mean for Australia?
thestraight.com.au/the-end-o…
Denise Coates’ bet365 launched sports betting in France last week after receiving approval from the French National Gaming Authority (ANJ).
The operator also holds licences for horse racing and poker, with both verticals expected to go live in the near future.
Ontario’s iGaming market recorded US$6.75b in handle in April, up from US$5.6b in the same period last year. GGR for April was US$294.3m.
Sports betting handle reached US$726m, while GGR was US$62.4m.
Better Collective has reported their Q1 2026 results.
-Revenue reported was €86.3m (US$100.1m), a 5% year-on-year increase
-EBITDA before special items reached €25.1m, up 14%, resulting in a margin of 29%.
-North American revenue rose 6% to €6m
-Esports revenue totalled €4.7m
Are you a startup in the wagering industry seeking funding or investment?
We’ve launched a Pitch Us portal for ambitious companies operating in the wagering space.
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