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Better Collective becomes majority owner in Mindway AI Regulatory Release 01/2021 Better Collective increases its ownership to 90% of the shares in Mindway AI that specialises in software solutions based on artificial intelligence and neuroscience for identifying, preventing and intervening in at-risk and problem gambling. The investment supports Better Collective’s ambition to make betting more safe. As of January 1st 2021, Better Collective has exercised its option to acquire a further 70% of the shares in Mindway AI for a total price of 17 million DKK. The acquisition follows a prelimin...

Better Collective A/S: Better Collective becomes majority owner in Mindway AI Regulatory Release 01/2021 Better Collective increases its ownership to 90% of the shares in Mindway AI that specialises in software solutions based on artificial intelligence and neuroscience for identifying, preventing and intervening in at-risk and problem gambling. The investment supports Better Collective's ambition to make betting more safe. As of January 1st 2021, Better Collective has exercised its option to acquire a further 70% of the shares in Mindway AI for a total price of 17 million DKK. The acquisitio...

Paddy Power owner Flutter Group hit with whopping $870m fine Paddy Power owner Flutter has been hit with a huge fine. (Getty Images) Flutter Group has been hit with an enormous $870m fine after a Kentucky court ruled a previously vacated judgment had been reinstated.  Yesterday the Kentucky Supreme Court reinstated a ruling against The Stars Group, which merged with Flutter in 2019 in a £12.2bn deal, saddling Flutter with an enormous fine in the process. The original award of damages against The Stars Group was made in 2015, but vacated three years later,  approximately a...

December 18, 2020 In Kentucky, the battle against illegal offshore internet gambling that has waged for a decade concluded on Thursday after the Kentucky Supreme Court reinstated a nearly $1.3 billion award for the southeastern state in a judgment against Irish bookmaking company Flutter Entertainment. Originally brought by the Commonwealth of Kentucky in 2010, the Franklin Circuit Court’s judgment sits at $870 million, not including interest, which will purportedly be aggressively sought by the commonwealth once the high court’s opinion is final. Gov’s statement: “This will never b...

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