(AsiaGameHub) - Among both novice and seasoned horse racing fans looking to place bets on Saturday’s Kentucky Derby, exacta wagers are a popular choice.
An exacta bet requires you to correctly predict the horses that will secure the first and second positions, in their precise finishing sequence.
How Much Did Last Year's Kentucky Derby Exacta Pay?
To illustrate the mechanics of exacta betting, let's review the winning exacta from the previous year's Kentucky Derby.
Last year, Sovereignty (No. 18) claimed victory, with Journalism (No. 8) finishing as the runner-up. This 18-8 exacta combination yielded a payout of $48.32 for a $2 stake.
Sovereignty had odds of 9-1 to win, while Journalism was the betting favorite at 7-2.
See Also: 2026 Kentucky Derby Wagering Guide | Understanding a Superfecta Bet?
Variations of Exacta Wagers
Below, we explore the various forms of exacta bets.
Straight Exacta Wager
This represents the most straightforward method for placing an exacta bet. You choose two horses to finish in the first and second positions, in that precise sequence. Referring to our previous example, you would have requested, “$2 exacta on 18 and 8” at the wagering counter.
Exacta Box Bet
Alternatively, you can "box" your exacta wager. For simplicity, we'll use the same two horses from our earlier illustration. A $2 exacta box on 18 and 8 implies that these horses can finish in either order: 18-8 or 8-18.
To cover both potential winning combinations, a $2 boxed exacta will incur a cost of $4.
If you favor three horses but are uncertain which will win and which will place (finish second), you can box all three to encompass all six possible winning permutations. A $2 exacta box involving three horses amounts to $12.
Exacta Key Box Wager
An exacta key box bet involves designating one horse as the likely winner and then boxing other horses to finish behind it. A $2 exacta key box wager, featuring one keyed winner and two additional horses, costs $8.
This type of bet is advantageous if you possess strong conviction in a particular horse to win. It offers cost savings by not requiring you to "box" that primary horse with the others, as it involves fewer combinations.
Largest Exacta Payouts in Kentucky Derby History
In 2005, Giacomo (No. 10), a 50-1 longshot, emerged victorious in the Kentucky Derby.
The second-place finisher was an even greater longshot, Closing Argument (No. 18) at 70-1, which resulted in the highest exacta payout ever recorded for the Kentucky Derby. A $2 exacta on the 10-18 combination paid out a remarkable $9,814.80.
More recently, a $2 exacta involving Rich Strike and Epicenter yielded $4,101.20. Rich Strike secured the win with odds of 80-1.
Exacta wagers offer an exciting prospect, allowing for significant returns from modest stakes when astute handicapping and fortune align. While longer odds lead to greater payouts, backing favorites typically results in smaller returns.
Understanding Exacta Payout Mechanisms
Under horse racing's parimutuel system, wagers are placed against fellow bettors rather than against the racetrack itself.
Should 10,000 $2 exacta bets be placed on a single race, a total of $20,000 is contributed to the betting pool. Racetracks typically deduct 20% of this amount as their revenue, thereby reducing the pool by $4,000.
Assuming only 20 winning tickets exist, the remaining $16,000 from the pool is distributed among these winners, based on the $2 exacta payout. Naturally, placing a wager exceeding $2 will result in a proportionally multiplied return.
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(SeaPRwire) - 英国驻美国大使的泄密言论称，华盛顿的“真正特殊关系”是与以色列而非英国建立的，这在伦敦引发了政治反弹。据《金融时报》（Financial Times）首次报道的泄密音频显示，克里斯蒂安·特纳爵士（Sir Christian Turner）据称在2026年初曾对一群英国学生表示，美国真正的“特殊关系”“可能是与以色列”，而非英国。这些言论是私下发表的，但在查尔斯三世国王（King Charles III）和卡米拉王后（Queen Camilla）高调访问华盛顿和纽约期间被公开泄露，当时双方正努力修复紧张关系。这在一个特别敏感的外交时刻，让英国在华盛顿的地位受到了新的审视。据称，特纳强调英国与美国的关系仍然深度交织，尤其是在国防和安全方面。“我们之间有着深厚的历史和亲密关系。尤其是在国防和安全方面，我们紧密相连，” 英国媒体援引的泄密音频显示。“这种关系如果你们愿意，可以继续保持‘特殊’，但我认为它必须有所不同。”根据文字记录，特纳还表示，英国和欧洲必须“努力重新定义”与华盛顿的关系，尤其是在国防方面，而不是依赖美国的安全保护伞。此次泄密发生在特朗普（Trump）与英国首相基尔·斯塔默（Keir Starmer）近期关系紧张之后，其中包括双方在英国对美以针对伊朗的军事行动立场上的分歧。特朗普此前曾公开批评斯塔默，称他“不是温斯顿·丘吉尔（Winston Churchill）”。英国大使馆发言人及英国外交部发言人试图让政府与泄密言论划清界限，他们告诉Digital：“这些是2月初对一群访问美国的英国六年级学生发表的私人、非正式评论。它们绝不是英国政府立场的反映。”发言人解释说，这场范围广泛的非正式讨论聚焦于外交和学生们提问的当下政治问题，并强调这些言论显然从未打算作为政府政策的公开声明。尽管如此，这场争议引发了超越外交表象的更广泛问题：华盛顿和伦敦之间象征性的“特殊关系”是否已被美国更紧迫的战略优先事项所掩盖，尤其是以色列在美国中东安全考量中的核心作用。伦敦亨利·杰克逊协会（Henry Jackson Society）的高级研究员巴拉克·西纳（Barak Seener）表示，特纳的言论反映了一个严峻的战略现实，而非外交失误。西纳告诉Digital：“克里斯蒂安·特纳大使给出了一个现实的评估，这呼应了特朗普总统对北约（NATO）的批评，称其为‘纸老虎’，因为它没有为美以领导的针对伊朗的联合行动做出贡献。”西纳提到了他最近的报告《以色列2048：不对称地缘政治力量的蓝图》（"Israel 2048: A Blueprint for an Asymmetric Geopolitical Power"），认为以色列不断扩大的军事能力日益成为美国地区利益的力量倍增器。相比之下，西纳认为，尽管英国有历史上的言辞，但它的现代战略价值已经减弱。西纳说：“查尔斯国王在最近对美国国会的演讲中，被迫强调英美两国共同的文化和历史，而不是近期的军事贡献，原因很简单——英国的海军和军事能力已被完全掏空。”他补充说，考虑到英国据称拒绝允许美国使用皇家空军（Royal Air Force） 基地对伊朗进行打击，查尔斯对过去共同牺牲的提及“与今天没有任何关联”。然而，白宫强调延续性而非争议。白宫发言人安娜·凯利（Anna Kelly）告诉Digital：“特朗普总统本周很高兴欢迎国王和王后陛下访问白宫，包括昨天上午，当时他强调了美国和英国之间历史性的特殊关系。”她补充说：“这次访问的活动在规模和壮观程度上都是前所未有的，总统昨晚很高兴主持了一场美丽的国宴。”本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。
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(AsiaGameHub) - UK heritage bookmaker Betfred has reinforced its dedication to British horse racing during a challenging period, bringing back its £2 million Triple Crown bonus for the 2026 flat season.
The operator, which is extending its historic sponsorship of all five British Classics, will award the bonus to the connections of any horse that manages to win the historic trio of the 2000 Guineas, Epsom Derby, and St Leger Stakes – an accomplishment not seen since Nijinsky achieved the sweep in 1970.
While the Triple Crown has been won 15 times historically, it has grown more difficult to attain in modern UK horse racing.
Probable challengers are expected from the stables of Aidan O’Brien and Charlie Appleby. O’Brien’s horse Gstaad is an 11/2 chance for this weekend’s Guineas and 33/1 for the Derby in June. O’Brien-trained colts Pierre Bonnard and Christmas Day have also become early 6/1 joint favourites with bookmaker Unibet for this year's St Leger.
Betfred made history last year as the first firm to sponsor all five of racing’s premier events and will repeat this in 2026, starting with the Guineas festival at Newmarket this weekend.
The focus then moves to the Epsom Oaks and Epsom Derby in June, finishing with the 250th edition of the St Leger Stakes at Doncaster Racecourse in September.
This pledge is made even as marketing budgets are being squeezed across the UK because of the newly implemented 40% tax on Remote Gaming Duty (RGD).
“It was an honour last year to be the first company ever to sponsor all five British Classics, and I am excited to repeat it this year,” stated Betfred founder Fred Done.
“That is the reason I am putting up the £2million Triple Crown bonus once more. Nijinsky was certainly one of the legends, and it is high time we celebrated another Triple Crown winner.
“Will another horse step up, create history, and achieve it again?”
Betfred to push forward despite tax increases
The company, which runs approximately 1,350 retail shops plus a Gibraltar-based online gaming site, has been candid about the effect recent tax rises will have on its £1bn gross profit.
Fred and his brother Paul led The Sunday Times tax list for 2025 for the first time, paying roughly £400m in taxes.
Betfred Management has been transparent about planning for worst-case outcomes, which could involve numerous shop closures.
The bookmaker is not isolated in this situation – other leading UK operators like Ladbrokes Coral owner Entain and evoke, the parent company of William Hill, have already verified that a number of their high-street shops will close.
Marketing spending has been cut industry-wide, with Coral ending its long-running Coral Cup sponsorship at the Cheltenham Festival, and SBC News seeing an email indicating a reduction in Paddy Power’s marketing team size.
Nevertheless, Betfred evidently continues to find worth in sponsorship, maintaining its associations with rugby’s Super League and the PDC World Matchplay at Blackpool’s famous Winter Gardens.
A headline-grabbing prize of this magnitude is certain to draw additional focus to the British bookmaker before a flat racing season that promises entertainment, notwithstanding regulatory disagreements within the industry.
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(AsiaGameHub) - Authorities in Russia are intensifying their campaign to dismantle operations that gather private information to register on unauthorized gambling websites.
These actions have led to the capture of solitary actors who utilize mobile devices to exchange compromised data and drain funds from the bank accounts of unaware victims.
According to reports from the local Tomsk media outlet Vtomske, investigators in Tomsk have pinpointed one such independent trader who has admitted to the alleged offenses.
The Federal Security Service (FSB) stated that the woman, whose name has not been released, used her mobile device to enter “restricted internet resources,” specifically dark web portals. She admitted to paying unidentified individuals for a batch of personal details belonging to 19 Russian citizens.
Officials from the FSB believe the information became available following a cyberattack.
A Russian Federal Security Service officer (Image: RIA Novosti/Andrey Stenin [CC-BY-SA 3.0])
Police State Hackers Gather Personal Information for Online Sales
Reports indicate the woman utilized this information to establish 19 distinct accounts on online gambling platforms from December 2024 through January 2025.
Subsequently, she tried to extract funds from these betting sites. Law enforcement officers noted that she also gathered additional personal data on her device before transferring it to an unidentified third party.
The FSB announced charges against the woman for the “unlawful gathering, keeping, and transmission of digital files containing personal data that were obtained illegally.” She has been indicted by prosecutors and is currently awaiting trial.
The enforcement drive has accelerated following a significant data leak in neighboring Belarus earlier this year. As reported by the Belarusian media Nasha Niva, hackers infiltrated the Russian-language online casino site run by Maxbet in February.
The thieves escaped with information regarding approximately 10,000 clients. The company verified that the hackers compromised the names, contact numbers, residential addresses, birth dates, and email addresses of its customers. Following confirmation of the breach, the operator halted its activities.
Police in both nations state that the illicit demand for private information is growing. Authorities claim that the number of people selling compromised data is on the rise, with unauthorized online gambling firms being key buyers.
Proposal from the Ministry of Finance
While online casinos are currently prohibited by Russian legislation, the Ministry of Finance seeks to lift this prohibition. The ministry argues that this contentious proposal could generate millions in annual tax revenue for the nation.
Financial leaders in Moscow propose levying a 30% tax on the yearly earnings of online casino operators, excluding payouts. However, the plan has faced sharp criticism from prominent figures, including leaders of the Orthodox Church and top politicians.
Psychologists also warn that residents in Russia's impoverished regions would face increased risks if legislators approve the ministry's suggestion.
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(AsiaGameHub) - Numerous individuals seeking positions in the approaching South Korean local elections possess prior gambling convictions, according to domestic media reports.
The Chosun Ilbo newspaper stated it performed an extensive review of the criminal histories of all 6,867 prospective local councilor candidates registered with the National Election Commission before the June 3 vote.
This investigation found that 2,477 candidates, or 36.1%, had prior convictions. Separately, the Gangwon Ilbo newspaper reported that nearly half of the 53 preliminary candidates aiming to become heads of local government in Gangwon Province have criminal records.
While most of these unnamed candidates were convicted of traffic offenses like drunk-driving, approximately ten have records for crimes including habitual gambling, fraud, document forgery, and bribery.
The newspaper further noted that one candidate's record contains multiple convictions for gambling and assault.
Gambling Convictions: Candidates in the Spotlight
South Korea will hold its local elections on June 3, with 4,000 local council seats available. Voters will also select new education superintendents, mayors, and provincial leaders.
Gangwon Province hosts the High1 casino, the sole venue in the nation permitted to admit local citizens.
The Kookmin Ilbo newspaper reported that the problem extends beyond Gangwon Province, with many of the implicated candidates belonging to major political parties.
In an editorial, the newspaper described many as having been found guilty of "heinous crimes," such as habitual gambling and sexual harassment.
“It remains to be seen how many individuals with criminal histories will be filtered out ahead of June 3,” the editorial board wrote.
South Korean local election ballot papers (Image: Ha98574/Min’s [CC BY-SA 3.0])
Gambling Convict Eyes Fourth Term
According to WikiTree, one candidate, a man in his seventies, is campaigning for a fourth term as a metropolitan council member.
His criminal history includes convictions for habitual gambling, securities forgery, and fraud.
Court records indicate he received a suspended three-year prison sentence for these offenses.
The same outlet reported that another male candidate was given a suspended sentence for “forcibly molesting a woman at a public event.”
An anonymous Seoul public official told the Chosun Ilbo that civil servants face severe professional consequences for illegal acts. The official stated, “Citizens keep electing local council members who have committed multiple offenses. It’s disheartening.”
Earlier this month, an audit in Chuncheon found that nine civil servants defrauded hundreds of victims of more than $18.2 million.
These officials are accused of participating in a fraudulent sports betting scheme that offered investors "guaranteed returns."
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(AsiaGameHub) - The PGA Tour heads to Doral for this week's Cadillac Championship, and we have the odds, predictions, and picks you need. Matt and Alex Fitzpatrick partnered to claim victory at last week's Zurich Championship.
Who will emerge victorious this week at Doral? We examine the odds for this premier tournament and highlight three golfers with the best chance to lift the trophy on Sunday.
Cadillac Championship Odds at DraftKings
Here are the odds for top contenders to win the Cadillac Championship at DraftKings:
Scottie Scheffler +315
Cameron Young +1275
Collin Morikawa +2000
Tommy Fleetwood +2400
Russell Henley +2600
Si Woo Kim +2700
Chris Gotterup +2700
Jake Knapp +3000
Sam Burns +3100
Maverick McNealy +3100
Hideki Matsuyama +3100
Viktor Hovland +3200
Min Woo Lee +3400
Kurt Kitayama +4000
Nicolai Hojgaard +4100
Justin Rose +4200
Jordan Spieth +4300
Adam Scott +4300
Michael Thorbjornsen +4400
Jacob Bridgeman +4400
Harris English +4500
Rickie Fowler +4900
Akshay Bhatia +5200
J.J. Spaun +5400
Ben Griffin +5800
Sepp Straka +5900
Shane Lowry +6200
Keegan Bradley +6200
Gary Woodland +6200
Jason Day +6400
Keith Mitchell +6400
Justin Thomas +6500
Sahith Theegala +6900
Ryan Gerard +7200
Best Bet on Favorite to Win Cadillac Championship
Cameron Young (+1275)
Cameron Young is the second-choice in the betting markets, trailing only…Scottie Scheffler.
Young, who secured a win in Florida earlier this season, defeated Matt Fitzpatrick to capture The Players Championship at TPC Sawgrass. He has recorded top-10 results in four of his last five tournaments, including that victory and a T-3 finish at The Masters.
Young possesses impressive statistics in key areas that suggest he will perform well at Doral:
2nd in Total Driving
3rd in Ball Striking
6th on the tour in SG: Tee-To-Green
His superior driving and scrambling skills position him as a genuine contender for the title this week.
Best Bet on Sleeper to Win Cadillac Championship
Hideki Matsuyama (+3100)
Hideki Matsuyama was let down by his driver at the WM Phoenix Open, a tournament he was poised to win before Chris Gotterup edged him in a playoff.
His driving has improved lately, and Matsuyama arrives following a T-12 performance at The Masters. He ranks among the elite approach players, sitting 14th on tour in SG: Approach to Green.
He also ranks 16th in total strokes gained. His putting has been an asset this season (44th in SG: Putting). If he can keep his tee shots in the fairway, Matsuyama is likely to be a factor on the final day.
Best Bet on Longshot to Win Cadillac Championship
Keegan Bradley (+6200)
Keegan Bradley's recent form has improved, marked by a career-best T-21 at The Masters and a T-12 at the RBC Heritage Classic.
Three of Bradley's four victories over the past four years have been at high-profile events. He has successfully made the cut in his last four appearances at Doral. Among those four starts, he has two finishes inside the top 8.
The Doral course requires numerous approach shots from around 200 yards, a distance where Bradley thrives. He ranks 12th on tour in approaches from 200-225 yards, making him a compelling longshot pick this week.
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Hong Kong/Taiyuan, Apr 29, 2026 - (ACN Newswire via SeaPRwire.com) - China General Education Group Limited ("China General Education" or the "Company", stock code: 2175.HK), a leading private higher education institution in Shanxi Province, China, is pleased to announce today its interim results for the six months ended February 28, 2026 (the "Reporting Period"). During the Reporting Period, the Company's operating conditions were stable, and its financial structure demonstrated excellent risk resistance. With a "higher education + art exam training services" dual-wheel drive strategy, the Company promoted high-quality business development and long-term value enhancement.Steady Financial Performance with High Cash and Low Debt, Building a Solid Margin of SafetyDuring the Reporting Period, China General Education demonstrated strong risk resistance and solid operating fundamentals by leveraging its leading position deeply rooted in the Shanxi market. In terms of revenue and profitability, the Company continued to maintain a steady trend, achieving revenue of approximately RMB182 million and profit for the period of approximately RMB 51 million. The net profit margin remained at a healthy industry level of 28.02% , reflecting significantly high operating efficiency and cost control capabilities that kept it ahead of the industry.As of February 28, 2026, the Company had abundant cash and cash equivalents of RMB 453 million, providing a solid financial guarantee for strategic mergers and acquisitions, business expansion, and shareholder returns. Against the backdrop of a general tightening of financing in the industry, the Company adhered to a prudent financial policy. Its gearing ratio was significantly better than the industry average and far lower than that of large peer education groups, demonstrating outstanding advantages in financial flexibility and financing costs. This provides the Company with greater financial flexibility and lower financing costs during expansion.Meanwhile, the Company's current ratio was maintained at a relatively high level. On one hand, it fully ensures the absolute coverage of short-term debt; on the other hand, it demonstrates management's excellent asset liquidity management and risk prevention awareness in a complex market environment.Forward-looking Layout in the Art Exam Training Services Track, Tongmeng Studio Poised to Open the "Second Growth Curve"While consolidating its basic fundamentals in higher education, the Company actively laid out the high-growth art exam training services track. In November 2025, the Company announced the acquisition of 100% equity interest in Guangzhou Tongmeng Art Education Consulting Co., Ltd. The Company will deeply integrate the high-quality teaching resources of "Tongmeng Studio" under Guangzhou Tongmeng Art Education with the Group's standardized management system, comprehensively deepening the optimization of teaching staff and the construction of the channel system.Founded in 2007, Guangzhou Tongmeng Studio is a top benchmark institution for fine arts examination training in South China. Its teaching team brings together senior teachers and teaching and research experts from the nine major academies of fine arts. It has a mature teaching system, standardized management, and strong brand appeal and student base in the Greater Bay Area.Relying on Tongmeng Studio's decades of brand influence in the Greater Bay Area and its advantages in teaching by renowned teachers, with the opening of a new enrollment season, the Company's art exam training services business is expected to release significant performance increments, officially driving the Company towards its second growth curve.Continuous Deepening of Industry-Education Integration, Dual Enhancement of Education Quality and Employment CompetitivenessFor the 2025/2026 school year, Shanxi Technology and Business College, operated by the Company, maintained a stable enrollment scale, with the number of full-time enrolled students reaching 19,181 . Leveraging its leading educational reputation and teaching quality in Shanxi Province, its brand attractiveness continues to strengthen.Currently, the College has offered 50 undergraduate majors closely aligned with market demands, and added 1 new majors "Digital Economy" in the 2025/2026 school year. By strengthening internships and practical training, the College ensures that students are equipped with readily applicable vocational skills.Benefiting from the solid results of industry-education integration, the implementation rate of graduation destinations for graduates of the College for the 2024/2025 school year reached 94.99%, ranking first among undergraduate colleges in the province. This not only further consolidated its leading position in the private higher education sector in Shanxi Province but also won widespread trust from society and parents.Outlook Looking ahead, the Company will continue to uphold the dual-wheel drive strategy of "higher education + art exam training services" and steadily advance its diversified development layout. In addition, the Company will continue to adhere to a prudent and cautious capital operation strategy, actively explore high-quality M&A targets in the industry, and steadily build a diversified educational ecological industry chain. We are full of confidence in the future business development of the Company and will continue to strive to create long-term, sustainable value for shareholders.About China General Education Group Limited China General Education Group Limited (HKEX stock code: 2175) is a leading private higher education institution in Shanxi Province, China. On November 6, 2025, China General Education announced the acquisition of Guangzhou Tongmeng Art Education Consulting Co., Ltd., making a strong entry into the new track of art examination education to actively grasp the rapid development opportunities in this high-growth market.For further information, please contact:China General Education Group LimitedMr. Carry YuEmail: zhiweiyu@a.chinageg.cnWebsite: http://www.chinageg.cn/ Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
(AsiaGameHub) - In a statement provided to SBC News, the Irish Bookmakers Association (IBA) has stood up for the betting sector in response to assertions from the National Lottery.
Premier Lotteries Ireland (PLI)—the entity running Ireland’s National Lottery—claims it loses hundreds of millions of euros annually in sales income and tens of millions in funds directed to charitable initiatives.
In a report evaluating the National Lottery’s economic effects, PLI contended that the longstanding practice of both physical and online bookmakers accepting wagers on National Lottery draws is hurting lottery sales.
The FDJ United-owned company has demanded that the ‘regulatory gap’ separating the National Lottery and Ireland’s large licensed betting industry be eliminated. Two additional groups—representing charities and retailers—have aligned themselves with this call.
In reply, Sharon Byrne, Chairperson of the IBA, stated: “We completely reject the National Lottery’s position. Our patrons have been placing bets on lotteries through their local bookmakers for more than three decades now.
“Wagering on lottery results is no different from betting on the outcome of any other event, and it’s a well-established offering for many shops—shops that are already dealing with new rules and regulations under the soon-to-be-implemented licensing system.”
Is Ireland’s evolving betting scene facing too many changes?
The regulatory shifts Byrne mentioned were brought about by the Gambling Regulation Act 2024. This legislation was presented to the Oireachtas in 2022 by the Irish government, with the goal of updating Ireland’s outdated gambling rules.
One major update from the act was the establishment of the Gambling Regulatory Authority of Ireland (GRAI), a new sector-specific regulator that will assume full control of licensing processes this year.
The Act also created a Social Impact Fund, into which operators are required to contribute annually. The funds are used to back gambling harm prevention and treatment schemes, along with other projects.
Like most laws, however, this one has left some parties unsatisfied—whether it’s those pushing for tighter rules on gambling advertising in Ireland, or the National Lottery operator and its objections to bookmakers taking lottery bets.
For the IBA and the bookmakers it represents, removing a revenue source for betting companies could be an excessive move at a time when firms are adjusting to regulatory changes and some are re-evaluating their presence on Ireland’s high streets.
“Our members are supportive of the new Gambling Regulation Act, but it’s crucial that there’s a level playing field,” Byrne noted.
Putting aside any regulatory hurdles or disputes, Ireland continues to be a key target market for numerous betting operators—both large and small. Just last week, Eurasia Sport‘s 3et became the newest entrant to the market, following Fitzwilliam Sports and DragonBet.
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Brisbane, Australia--(ACN Newswire via SeaPRwire.com - April 29, 2026) - Adyton Resources Corporation (TSXV: ADY) ("Adyton" or the "Company") is pleased to announce that its common shares began trading on the OTCQB Venture Market (the "OTCQB") in the United States under the symbol 'ADYRF'. The Company's common shares will continue to trade on the TSX Venture Exchange (the "Exchange") under the symbol 'ADY'.The OTCQB is one of the world's largest and most liquid trading markets, providing access to a wide base of investors across the U.S. The listing marks an important step in expanding the Company's visibility and strengthening its presence in the U.S. market.Mr. Tim Crossley, CEO and Managing Director of Adyton, commented, "We are pleased to commence trading on the OTCQB, marking an important milestone in the Company's growth and visibility in the U.S. capital markets. This listing enhances our accessibility to a broader base of investors and reflects our ongoing commitment to transparency and shareholder value. As we continue to advance our strategic objectives, we believe this step will support increased liquidity and strengthen our position as we execute on our development plans."Information relating to Adyton, including real-time price quotes, is available at www.otcmarkets.com. The OTCQB, operated by OTC Markets Group Inc., is a leading marketplace for entrepreneurial and development-stage companies committed to delivering a high-quality trading and information experience for U.S. investors. To qualify, companies must remain current with their financial reporting and complete an annual company verification and management certification process. The OTCQB's standards establish a strong foundation of transparency, supported by robust technology and regulatory oversight to enhance the overall investor experience.Adyton Resources Engages Independent Trading Group ("ITG") as a Market MakerIn accordance with TSX Venture Exchange ("TSXV") policies, the Company announces that, subject to regulatory approval, it has engaged the services of ITG to provide market-making services. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.Under the agreement, ITG will receive compensation of CAD$5,500 per month (plus applicable taxes), payable monthly in advance. The agreement is for an initial term of one month commencing on April 28, 2026 and will renew for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.About Independent Trading GroupIndependent Trading Group (ITG) Inc. is a Toronto based CIRO dealer-member that specializes in market making, liquidity provision, agency execution, ultra-low latency connectivity, and bespoke algorithmic trading solutions. Established in 1992, with a focus on market structure, execution and trading, ITG has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors.For further information, please contact:Tim Crossley, Chief Executive Officer E‐mail: ir@adytonresources.comPhone: +61 7 3854 2389Phone: +1 778 549 6768Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.ABOUT ADYTON RESOURCES CORPORATIONAdyton Resources Corporation is focused on advancing gold and copper projects in world-class mineral jurisdictions. The Company holds a portfolio of highly prospective assets in Papua New Guinea where it is actively working to expand its existing gold Inferred and Indicated Mineral Resources and build on recent high-grade gold and copper drill results at its 100% owned Feni Island project.Adyton's projects are located on the Pacific Ring of Fire, on accessible island settings that host several globally significant deposits including the Lihir gold mine and Panguna copper-gold mine on Bougainville Island, both in close proximity to Feni, highlighting the district-scale potential of the Company's land package.Feni Island Au-Cu projectThe Feni Island Project currently has a mineral resource prepared in accordance with NI 43-101 dated October 14, 2021, which has outlined an initial inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, for contained gold of 1,460,000 ounces, assuming a cut-off grade of 0.5 g/t Au. See the NI 43-101 technical report entitled "NI 43-101 Technical Report on the Feni Gold-Copper Property, New Ireland Province, Papua New Guinea prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and "qualified person" as defined in NI 43-101, available under Adyton's profile on SEDAR+ at www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic viability.Fergusson Island Au projectThe Fergusson Island Project currently has a mineral resource prepared in accordance with NI 43-101, which outlined an indicated mineral resource of 5.0 million tonnes at an average grade of 1.28 g/t Au for contained gold of 206,000 ounces and an inferred mineral resource of 23.2 million tonnes at an average grade of 0.99 g/t Au for contained gold of 733,000 ounces, both inferred and indicated resources used a 0.5g/t Au cut-off grade.See the technical report dated October 14, 2021, entitled "NI 43-101 Technical Report on the Fergusson Gold Property, Milne Bay Province, Papua New Guinea" prepared for Adyton Resources by Mark Berry (MAIG), Simon Tear (MIGI PGeo), Matthew White (MAIG) and Andy Thomas (MAIG), each an independent mining consultant and "qualified person" as defined in NI 43-101, available under the Company's profile on SEDAR+ at www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic viability.See the technical report dated January 7, 2026, entitled "NI 43-101 Technical Report on Wapolu Gold Project" prepared for Adyton Resources by Louis Cohalan (MAIG), an independent mining consultant and "qualified person" as defined in NI 43-101, available under the Company's profile on SEDAR+ at www.sedarplus.ca. Mineral resources are not mineral reserves and have not demonstrated economic viability.For more information about Adyton and its projects, visit www.adytonresources.comTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7416/294863_ade.jpgForward-looking statementsThis press release includes "forward‐looking statements", including forecasts, estimates, expectations, and objectives for future operations that are subject to several assumptions, risks, and uncertainties, many of which are beyond the control of Adyton. Forward‐ looking statements and information can generally be identified by the use of forward‐looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward looking statements in this news release include plans pertaining to the drill program, the intention to prepare additional technical studies, the timing of the drill program, uses of the recent drone survey data, the timing of updating key findings, the preparation of resource estimates, and the deeper exploration of high-grade gold and copper feeder systems. The forward‐looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes.Forward‐looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses, and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the projects in a timely manner; the availability of financing on suitable terms for the development; construction and continued operation of the Fergusson Island Project and the Feni Island Project; the ability to effectively complete the drilling program; and Adyton's ability to comply with all applicable regulations and laws, including environmental, health and safety laws.Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Adyton's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of managements considered reasonable at the date the statements are made. Although Adyton believes that the expectations reflected in such forward- looking statements are reasonable, such information involves risks and uncertainties, and under reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements expressed or implied by Adyton. Among the key risk factors that could cause actual results to differ materially from those projected in the forward- looking statements are the following: impacts arising from the global disruption, changes in general macroeconomic conditions; reliance on key personnel; reliance on Zenex Drilling; changes in securities markets; changes in the price of gold or certain other commodities; change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations pressures, cave‐ins and flooding); discrepancies between actual and estimated metallurgical recoveries; inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of and changes in the costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to properties. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward‐looking statements. Such forward‐looking information represents management's best judgment based on information currently available. No forward‐looking statement can be guaranteed, and actual future results may vary materially. Readers are cautioned not to place undue reliance on forward looking statements or information. Adyton Resources Corporation undertakes no obligation to update forward‐looking information except as required by applicable law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294863 Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
(SeaPRwire) - 独家报道：网上关于加沙饥荒的说法甚嚣尘上，并在社交媒体和国际媒体上广为流传，但 Digital 审阅的来自联合国、Board of Peace 和以色列军方最新数据显示，情况截然不同。这些数据由 Board of Peace 在协调对巴勒斯坦人国际援助的特设联络委员会（Ad Hoc Liaison Committee, AHLC）会议上分享，并被描述为基于联合国报告的数据。数据显示，6至59个月大的儿童因急性营养不良接受治疗的病例从2025年1月的2,807例增至2025年8月的峰值17,384例，随后稳步下降至2026年3月的3,043例，降幅约为83%。这些数字挑战了加沙正面临大范围饥荒的快速传播叙事，这一说法在全球媒体上广为流传，并影响着国际社会对以色列施加的压力。该数据集还表明，大多数剩余病例现在被归类为“中度”或与需要持续支持的慢性医疗和遗传疾病相关。在同次会议上，由 Board of Peace 收集的另一组数据显示，在2025年10月民事-军事协调中心（Civil-Military Coordination Center, CMCC）成立后，人道主义援助物资的运送量急剧增加。这个由美国主导、多国参与的中心位于以色列，旨在管理加沙战后稳定。民事-军事协调中心负责监督援助物资的运送，监测美国斡旋的停火协议，并与60个国家和组织协调工作。数据显示，进入加沙的每周卡车运送量从大约1,300辆增至4,200辆，而途中被转移的卡车比例在民事-军事协调中心成立后从大约90%降至仅1%。获得粮食援助的人数从民事-军事协调中心成立前的约40万人增加到协调中心成立后的约210万人。然而，据美国亲以色列媒体监督机构 HonestReporting 称，四月份关于加沙“人为饥饿”的信息激增，该叙事在几天内从哈马斯相关渠道传播到主流平台。HonestReporting 首席执行官 Jacki Alexander 表示：“4月13日，我们的团队开始看到关于汽水和 Nutella 进入加沙的帖子，与此同时，Doctors Without Borders 指责以色列试图‘摧毁生命条件’。我们使用专有的人工智能工具来识别这是否是更广泛模式的一部分，该分析构成了我们备忘录的基础。”Alexander 说：“从那时起，我们看到社交媒体和意识形态一致的媒体持续使用与饥荒相关的语言。声称大规模饥饿的内容已达到数百万次浏览，并且该叙事已扩展到包括对医疗用品被阻碍的指控。”HonestReporting 报告称，这些信息迅速升级，病毒式传播的帖子声称面包店正在关闭，食品供应严重不足，“整整一代”儿童面临不可逆转的伤害。报告称，Drop Site News、Middle East Eye、Mondoweiss 和 Al Jazeera English 等媒体的报道进一步强化了这一叙事。Alexander 说：“哈马斯明白，其最大的影响力存在于信息战中。”Alexander 告诉 Digital：“这就是我们开发这些工具的原因——记录叙事战并创建瓦解它的蓝图。”在接受 Digital 采访时，Foundation for Defense of Democracies 非营利组织高级顾问 Richard Goldberg 表示：“我们看到的是这场冲突中反复出现的模式，即人道主义叙事被武器化。”Goldberg 认为，饥荒说法的时机与哈马斯解除武装的压力日益增大以及涉及美国、阿拉伯国家和国际伙伴的更广泛外交努力有关。他说：“其中一种武器是试图复活饥荒的叙事。”Goldberg 表示，哈马斯正试图“破坏”一个参与塑造加沙战后未来的联盟，并阻止就下一步行动达成共识。他说：“哈马斯是被孤立的一方，他们不想解除武装。”Goldberg 说，与战争早期阶段不同，当前的环境使得此类说法更难站稳脚跟。他说：“现在已经停火数月，联合国和其他伙伴直接参与了人道主义工作。”他补充说：“他们都有数据……他们都处于哈马斯将发现其虚假信息策略面临一道砖墙的境地。”Goldberg 说：“一年前对付以色列的策略，现在对付整个联盟就没那么有效了。”一名以色列高级军事官员告诉 Digital，在停火期间，进入加沙的人道主义物资平均每天约600辆卡车，远高于该官员所说的联合国规划模型估计满足基本粮食需求所需的数量。该官员说：“根据联合国的数据，大约是每天115到130辆卡车。”他同时强调，最近的援助水平已大大超过这一门槛。该官员表示，尽管在伊朗冲突期间出现短暂中断，但过境点迅速重新开放，援助量恢复到高水平，并辩称当前的饥荒指控“完全是假的”。该官员说：“以目前的援助量来看，这是不可能的。加沙地带长时间内没有食物短缺。”以色列领土政府活动协调员（Coordinator of Government Activities in the Territories, COGAT）也向 Digital 表示，以色列国防机构认为哈马斯正试图通过推动关于加沙人道主义崩溃的新叙事，来利用全球注意力转向伊朗和黎巴嫩的机会。据 COGAT 称，哈马斯在整个战争期间一再试图描绘“加沙人道主义系统崩溃的蓄意虚假叙事”，以增加国际社会对以色列的压力并影响谈判。一名安全官员表示，每当外交压力上升时，哈马斯就会加剧此类宣传活动。该官员说：“哈马斯正试图拖延时间，并利用一切手段维持其权力。每当就协议进行谈判时，哈马斯就会加剧关于加沙地带人道主义局势的虚假宣传活动，以通过捏造的危机来争取国际支持。”Digital 已联系联合国和 World Food Programme 征求评论。本文由第三方内容提供商提供。SeaPRwire (https://www.seaprwire.com/)对此不作任何保证或陈述。
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HONG KONG, Apr 29, 2026 - (ACN Newswire via SeaPRwire.com) - Asia’s annual flagship licensing events, the Hong Kong International Licensing Show and the Asian Licensing Conference, concluded successfully today. Organised by the Hong Kong Trade Development Council (HKTDC), the three-day extravaganza for the licensing trade ran from 27 to 29 April, attracting more than 330 exhibitors and showcasing over 600 brands and licensing projects. The Asian Licensing Conference brought together some 20 international licensing experts to explore key industry topics, including global licensing trends and the industry outlook, intellectual property (IP) licensing strategies for overseas expansion, sports licensing, location-based entertainment, food and beverage licensing, and creative marketing strategies. The two events served as cross-regional and cross-sectoral business expansion platforms across multiple categories, creating global business opportunities for participants and promoting regional IP trade development.Jenny Koo, Deputy Executive Director of the HKTDC, said: “Under the support of the national 15th Five-Year Plan, Hong Kong continues to deepen its role as a regional IP trading hub. As one of Asia’s most mature licensing markets, the city boasts a well-established industry ecosystem, with the licensing sector serving as a core engine for IP trade. We are pleased to see licensing applications expanding from traditional character merchandising to cover location-based entertainment, food and beverage, e-commerce and a host of other fields, forming a complete licensing industry chain that helps to create more business opportunities for the industry globally.”In response to the rapid development and growing popularity of e-commerce, this year’s Licensing Show introduced the new IP and e-Commerce Support Services Zone. In collaboration with the E-commerce Association of Hong Kong, Hong Kong eCommerce Supply Chain Association and the Hong Kong Federation of E-Commerce, the zone hosted multiple workshops on building online shops, digital marketing and livestream commerce, helping small and medium-size enterprises (SMEs) capitalise on e-commerce to sell their IP products globally.Among the participants was Digitify Online Growth, an e-commerce platform specialising in digital marketing and e-commerce operation solutions. Kay Leung from the company said: “The greatest value of this new dedicated zone lies in ‘promotion’ and ‘education’. In the current economic climate, industries across different sectors are actively seeking new avenues to expand their business. This zone serves as an essential foundation for SMEs, raising awareness of how to effectively leverage e-commerce as a springboard to promote their brands and sell their IP products to the global market.” Prof. Charles Ng from another exhibitor, StarLite IPC Limited, said: “This year's Licensing Show has truly played the role of an ‘all-rounded accelerator’ in driving industry growth. During this critical period of economic recovery in the Asian market, the show has successfully brought together leading licensors, licensing agents and brand owners from around the world, providing an efficient business matchmaking platform for IP licensing-focused enterprises like ours."Commenting on the impact of the new IP and e-Commerce Support Services Zone, Jenny Koo said: “This aligns well with the direction of the Hong Kong SAR Government’s policy to enhance the competitiveness of Hong Kong SMEs in relation to cross-border e-commerce. The HKTDC will continue to provide an ideal platform for the global licensing industry to showcase more diversified brand licensing projects, strengthening Hong Kong's position as an international licensing hub.”The Licensing Show continued to feature the DLAB Hong Kong Pavilion, bringing together nearly 40 exhibitors to showcase multiple Hong Kong original brands and IPs. Among them, local designer Kirsten Lie presented her original IPs and secured collaboration opportunities with overseas shopping malls. She said: “The current negotiations are highly encouraging, with enthusiastic responses all around. We are now in serious discussions with two overseas shopping malls and will meet with their senior management next week to move the partnership forward.” Another participating designer, James Ho, said “This year's Licensing Show provides an excellent brand promotion platform for local designers, enabling us to reach and engage with potential partners from diverse sectors on a broad scale.” In addition, this year’s Hong Kong Licensing Force Showcase featured The Hang Seng University of Hong Kong, Hong Kong Baptist University and The Hong Kong Polytechnic University, with the newly participating Hong Kong Design Institute joining to showcase creative designs by emerging local talents.Key topics at this year’s Asian Licensing Conference included how non-traditional toy IPs resonate with young consumers in the emotional economy along with new development models for food and beverage licensing. George Wood, Managing Director of The Luna Entertainment Group, shared on location-based entertainment during the session, saying: “We learned that one of the non-negotiables has to do is with the depth of affection, which is often related to the number of hours the audience has spent with the IP”. He also expressed his belief that transforming entertainment brands into experiences is one of the revenue engines offering long-term value. In another session, Mark Kingston, CEO and Co-founder of Libertas Brands Ltd, mentioned the rising popularity of non-traditional toys such as Fugglers, whose deliberately designed “ugly-cute” appearance echoes the rise of the emotion economy. “We want to ensure that every Fuggler engages different individuals, and that every individual can find a Fuggler that suits their personality or particular mood. That is key to the storytelling nature of Fugglers,” Mr Kingston said.Mainland institutions exhibit with distinctive cultural and creative brandsThe Chinese Mainland Pavilion brought together more than 150 institutions from regions including Beijing, Shaanxi, Jiangsu, Guangdong, Sichuan and more. Popular IPs such as Nailoong, Suchao, Tang Fugui, the Sun and Immortal Birds made their debut at the event, demonstrating the innovative vitality of the mainland’s cultural tourism IPs. Among the exhibitors in the pavilion were more than 20 cultural and museum institutions including Guangdong Museum, Nanjing Museum and the Xu Beihong Memorial Museum, showcasing the richness of the nation’s historical and cultural resources. This year, the distinctive Beijing Museums brand from the Beijing Municipal Cultural Heritage Bureau made its first overseas appearance. World cultural heritage sites such as the Great Wall and the Summer Palace collectively presented the unique character of Beijing’s heritage.Multiple MoUs signed to deepen collaboration and exchange in the licensing industrySeveral memoranda of understanding were signed during the two major licensing events, including one between the Beijing Municipal Cultural Heritage Bureau and the HKTDC. Building on their longstanding cooperation, both parties now aim to continue deepening cultural and economic exchange and collaboration under the broader framework of Beijing-Hong Kong cooperation. The MoU encourages both parties to actively build a cultural and museum cooperation platform, facilitating Beijing institutions to make use of the HKTDC’s platforms to explore aligning Beijing’s cultural and museum IPs and museum collections with Hong Kong’s professional strengths in the areas of creative design, IP transformation and licensing services, promoting the commercialisation, internationalisation and digital development of cultural and museum resources, and providing an effective way of telling China's stories.Another MoU was signed between the Innovative Entrepreneur Association (IEA) and the Shantou Cultural and Creative Tourism Industry Association, aiming to strengthen cultural and creative industry collaboration between Hong Kong and Shantou and promote the deep integration and coordinated development of the two cities’ cultural, creative and tourism industries. This collaboration was facilitated by the HKTDC following a study mission by a Hong Kong licensing industry delegation to the Greater Bay Area and South China market in January this year to explore development opportunities and business prospects. The signing of the MoU represents a further deepening of exchange and cooperation between industry players in both cities.Photo download: https://bit.ly/3QDbhJJHKTDC Executive Director Sophia Chong attended the opening ceremony of the Hong Kong International Licensing Show and Asian Licensing Conference on Monday (27 April) and delivered the welcome remarks.(From left) Commissioner for Cultural and Creative Industries of CCIDA, Drew Lai; Director, Asia Tourism Exchange Centre, Zhang Dong; HKTDC Executive Director, Sophia Chong; Permanent Secretary for Culture, Sports and Tourism, HKSAR Government, Sum Fong Kwang, Vivian; Plan and Policy Analyst Expert Level, Ministry of Culture, Thailand, Narathorn Parndee; and President and CEO of Licensing International, Maura Regan, officiated the opening ceremony.The Hong Kong International Licensing Show introduced the IP and e-Commerce Support Services Zone for the first time this year, supporting brands and IP projects in capturing new opportunities brought by e-commerce development.The Design Licensing and Business (DLAB) Support Scheme brought together nearly 40 exhibitors, showcasing multiple Hong Kong original brands and IPs.Multiple tertiary institutions participated in the Hong Kong Licensing Force Showcase, showcasing creative designs by emerging local talents.Mainland cultural and museum institutions exhibited at the Licensing Show, bringing a variety of distinctive cultural and creative brands.The Beijing Municipal Cultural Heritage Bureau and the HKTDC signed a memorandum of understanding during the two major events aimed at deepening cultural and economic exchange and collaboration between the two cities.The Asian Licensing Conference invited industry leaders to explore multiple market-focused topics.WebsitesHong Kong International Licensing Show: https://www.hktdc.com/event/hklicensingshow/enAsian Licensing Conference: https://www.hktdc.com/event/hklicensingshow/en/programme'category=all&date=allHKTDC Media Room: http://mediaroom.hktdc.com/enMedia enquiriesFor more information, please contact Raconteur:Molisa LauTel: 6187 7786Email: molisalau@raconteur.hkBetsy TseTel: 9742 7338Email: betsytse@raconteur.hkHKTDC’s Communications & Public Affairs Department:Winnie KanTel: 2584 4055Email: winnie.wy.kan@hktdc.orgAbout HKTDCThe Hong Kong Trade Development Council (HKTDC) celebrates its 60th anniversary this year. The HKTDC is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With over 50 offices globally, including 13 in the Chinese Mainland, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. Copyright 2026 ACN Newswire via SeaPRwire.com. All rights reserved. www.acnnewswire.com
(AsiaGameHub) - Codere Group has released its full-year 2025 financial results, recording growth across both its retail and online business lines as the company evaluates a possible $2 billion (£1.73 billion) sale.
Group gross win – defined as the total sum the company has won (and its customers have lost) over a set period – hit €1.36 billion, marking a 3.2% year-over-year increase (13% when adjusted for constant currency). At the same time, adjusted EBITDA climbed 26% to €225.1 million, underscoring improved profitability following its recent balance sheet restructuring.
Its strong performance was powered by core retail markets, most notably Spain and Argentina. In Spain, operational efficiency gains and “optimisation of its machine fleet” lifted margins, while Argentina delivered robust growth despite currency headwinds, backed by ongoing investment in gaming floors and equipment.
Codere’s online division, which is publicly traded on the Nasdaq Capital Market in New York, also cemented its position as a key growth pillar, posting higher profitability and supporting the group’s wider omnichannel strategy across Spanish-speaking markets.
The company invested €121.2 million in 2025, with most funds allocated to maintaining and upgrading existing operations, and ended the year with €118.6 million in cash following three consecutive quarters of positive cash generation.
After net debt fell sharply following a late 2024 debt-for-equity restructuring, the group’s current leverage ratio stands at around 1.1x EBITDA – giving it a more stable financial foundation as it drafts its new 2026-2030 strategic plan.
The Madrid-headquartered firm cut its total debt from roughly €1.4 billion to under €200 million as a result of the restructuring.
However, market attention is increasingly shifting to the company’s ownership structure. Codere is reportedly weighing a sale valued at around $2 billion, a move that would come just one year after the aforementioned restructuring handed control to a broad group of bondholders and institutional creditors.
Uncertainties continue to surround Codere
Speaking on the iGaming Daily podcast, SBC’s Editor at Large, Ted Menmuir, said of the potential sale: “It seems clear that the narrative being pushed here is that whoever buys this company will acquire the second largest gambling brand in Spain with both a retail and online presence. They will also gain a foothold in the markets of Mexico, Uruguay, Argentina and Colombia.
“However, I believe you have to take Codere’s past track record into account. This is a company that was saddled with €2 billion of debt over the last ten years. It only just recently concluded its capital renegotiation with bondholders, which cut that debt load by 95%, so there is still no clear consensus on what Codere has actually proven it can deliver long term.
“If you look at this from a high level, it is obvious that some form of private equity fund would be the most likely buyer. On the European front, Lottomatica is a company that has talked of leading global expansion, but I don’t think they will have the appetite to take on a company that carries so many existing liabilities.”
Questions also remain over the business’s long-term sustainability. The firm only recently emerged from an extended period of heavy debt, and potential buyers may weigh that troubled history against its improved current financial profile.
As noted earlier, Codere Online recently reported revenue growth – a 6% annual increase to €224 million in 2025, fueled by rising player numbers.
However, its future outlook is clouded by rising tax rates in key markets such as Mexico and Colombia, which could squeeze margins going forward.
A 19% VAT penalty has been imposed on online gambling gross gaming revenue (GGR) in Colombia. Meanwhile, the Mexican Senate approved a 2026 fiscal package that raises the Special Tax on Production and Services (IEPS) on online gambling and land-based casinos from 30% to 50% of GGR.
Taxation in Spain has also been a major point of discussion, and it remains to be seen going forward whether Codere can find a buyer willing to pay $2 billion for the firm and potentially compete with Cirsa, the industry’s largest player in Spain.
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(AsiaGameHub) - Kambi is relying on new alliances in France and Canada, together with a range of product upgrades centered on the FIFA World Cup, to maintain its first-quarter momentum throughout the year.
The Swedish betting technology firm generated €43.5m (£40m) in Q1 2025, a year-on-year increase of 4.9% from €41.5m. Its adjusted EBITDA saw a significant 63.5% rise, moving from a loss of €3.5m to a positive €5.7m.
This positive EBITDA trend was mirrored in operating profit, which grew 80% year-on-year from €800,000 to €4.2m. This improvement was likely supported by a 2.1% reduction in operating expenses to €31.9m (Q1 2025: €32.6m) and a 0.4% dip in total expenses to €39.2m (€39.3m).
Kambi responds to ‘external challenges’
Based on its Q1 results, Kambi anticipates concluding 2026 with a full-year adjusted EBITDA in the range of €20m to €25m. The group is also preparing for adjustments in response to multiple tax increases affecting the iGaming sector globally, from Europe to Latin America.
Werner Becher, Chief Executive Officer, explained that the company has incorporated the new sports betting tax in Colombia into its 2026 projections. While this is expected to reduce revenue by approximately €4m, Becher stated that “we remain confident in our ability to deliver adjusted EBITA within our stated guidance range”.
“While external challenges remain, we have started the year on the front foot,” he commented.
“Kambi continues to offer market‑leading turnkey and odds feed products, we are progressing on efficiency and productivity initiatives, and we are entering the busiest period of the global sports calendar with confidence.
“Against this backdrop, I believe the broader outlook for the business remains bright and I am encouraged by the opportunities ahead.”
Lottery partnerships provide significant boost
Key to Kambi's 2026 revenue and EBITDA forecasts are two newly signed partnerships in the Canadian lottery sector. Alongside its Q1 earnings, the company today announced agreements with the British Columbia Lottery Corporation (BCLC) and Atlantic Lottery Corporation (ALC).
The group has obtained a sportsbook technology and services contract with both lottery corporations, effectively operating a multi-provincial sportsbook solution that covers half the nation. These two Crown Corporations serve seven of Canada's ten provinces; BCLC manages sports betting in Saskatchewan and Manitoba in addition to its home province of British Columbia.
Kambi won the contract after a Request for Proposal (RFP) process led by ALC, which aimed to find a single supplier for a national sports betting platform for multiple lottery operators. Under the agreement, Kambi will supply its complete turnkey sportsbook product.
Becher said: “Being chosen to operate this multi-province sportsbook solution is a powerful validation of Kambi’s reliable technology, regulatory knowledge, and demonstrated capacity to perform at scale.
“ALC and BCLC have established a clear plan for a unified, consistent sportsbook, and we are honoured to support its next stage with our high‑performance, compliant, and proven turnkey sportsbook.
“Kambi has extensive experience collaborating with lottery and state‑owned operators globally, and we anticipate providing a premier sports betting experience for players in numerous Canadian provinces.”
These alliances further broaden Kambi's client portfolio, now significantly featuring Canadian lotteries. The moves by BCLC and ALC come after a Q1 agreement with the Ontario Lottery and Gaming Corporation (OLG).
Beyond Canada, Kambi also anticipates its partnership with Pari Mutuel Urbain (PMU), France's horse racing pool betting operator, to yield benefits in 2026. Becher commended its new partner as “one of France’s most established and recognisable betting brands”.
“This launch marks Kambi’s introduction into the regulated French sports betting market, and I am hopeful about aiding PMU’s goal to increase its market share in one of Europe’s largest betting markets,” he added.
“The PMU deal, combined with our Canadian expansion, demonstrates Kambi’s rising importance to major national and institutional operators.”
Lastly, Kambi's leadership provided an update on its preparations ahead of the World Cup. Becher noted the firm is 'working closely with partners' and has scheduled a series of product improvements for its frontend, rewards, and trading systems.
“These enhancements are intended not just for the tournament, but to provide enduring value long after it concludes,” he stated. “Simultaneously, we are further developing our AI‑driven trading capabilities.
“After initial deployments in tennis and basketball, over 60% of Q1 bets were priced and traded by AI, a figure expected to grow further following the recent extension into ATP tennis.”
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