PAGCOR Privatization Expected to Bring $1.1Billion to the Philippines; POGOs Facing License Revocation

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Unlicensed Operation, Asian Casino News, Taxation, Online Gambling News, Philippines
The privatization of a chain of the state-owned casinos proposed by Pagcor's Chairman and CEO Alejandro Tengco and approved by the Philippine President Ferdinand Marcos Jr is expected to raise PHP60 billion (US...

PAGCOR Seeking Privatization By 2025 To Split Regulator and Operator Roles

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Asian Casino News, Online Gambling News, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) is undertaking efforts to privatize 45 of its casinos by the third quarter of 2025, as reported by CNN. As the regulator's chair announced during the nat...

Wynn Resorts Reduces WynnBET Operations To Focus On Cost Reduction

Radosav Milutinovic
Virginia, Tennessee, Latest Casino and Gambling News, U.S.A., Las Vegas, Casino Destinations, Online gaming software, World Casino News, North America Casino News, Gaming Industry News, Arizona, Economy/Finance, Mobile gaming, Colorado, Licensed online casinos in USA, Sports betting, Online Gambling News, Indiana, Louisiana, Massachusetts, Michigan, Nevada, New Jersey, New York, West Virginia
Wynn Resorts, one of the world's leading casino operators, has decided to close its online WynnBET gambling facilities in eight U.S. states. According to the company, the online sports betting and iGaming platf...

Ellinikon Mega Casino Project Put On Hold As Banks Ask For Additional Investments

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, European Casino News, Online Gambling News, Greece
The development of a mega casino project in Ellinikon, Greece, projected to make around  EUR 6 billion over 30 years is facing difficulties. As reported by the Greek City Times (GCT), the investors Hard Rock an...

The Star Sydney Negotiates Gaming Tax Rates to Generate AU$10 Million For The State in 2024

Radosav Milutinovic
Casino Destinations, Casino proposals, Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casino project updates, Online Gambling News, Taxation, Oceania Casino News
Australian casino giant Star Entertainment Group has negotiated an agreement with the New South Wales (NSW) state government to have the full implementation of poker machine duty rates in the operator's casinos...

Rocksino By Hard Rock Deadwood Celebrated Its Grand Opening On August 8, 2023

Radosav Milutinovic
U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, North America Casino News, Casino openings, World Casino News, Gaming Industry News, Casino project updates, South Dakota
The unique Rocksino by Hard Rock Deadwood celebrated its grand opening on August 8. In the heart of the Black Hills National Forest in South Dakota, this first-of-its-kind facility in the Hard Rock Internationa...

Grosvenor Casinos Partners With 20SHOTS To Launch ”Fantasy5” Football Game

Radosav Milutinovic
Jackpot Winners, Ireland, Online gaming software, Latest Casino and Gambling News, World Casino News, Newest casino games, Gaming Industry News, Mobile gaming, European Casino News, The Players Lounge, Sports betting, Online Gambling News, Fantasy Sports, Mergers, Acquisitions & Partnerships, United Kingdom
A leading UK casino game operator, Grosvenor Casinos, has made a deal with 20SHOTS, the B2B betting software provider, to launch the provider's football jackpot game Fantasy5. As reported, the new pro...

Light & Wonder Acquires Remaining Shares To Take Over SciPlay

Radosav Milutinovic
U.S.A., Las Vegas, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Mergers, Acquisitions & Partnerships, Nevada
A flagship developer of land-based and digital games, Light & Wonder, and SciPlay Corporation, a leading developer and publisher of digital gaming content, have entered a definitive agreement for the Light ...

ESPN Closes $ 2 Billion Deal With PENN Entertainment to Launch ESPN BET

Radosav Milutinovic
Casino Sales, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, New online casinos, Technology, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships
The world’s leading sports entertainment multi-platform brand, ESPN, has entered a blockbuster agreement with PENN Entertainment, North America’s leading provider of sports content, and casino gaming experience...

NFL Turns to Congress To Seek For Help With Illegal Gambling Issues

Radosav Milutinovic
NCAA, Latest Casino and Gambling News, Gaming Law & Legislation, NFL, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Colorado, Illegal Bookmaking, Licensed online casinos in USA, Sports betting, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Iowa
Following the recent involvements of former and current athletes in illegal sports betting, the NFL sports league has reportedly turned to the U.S. Congress to help handle the illegal gambling issue pending to ...

Grand Korea Leisure Records 60% Profit Decline in Q2 2023

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Taiwan, Casino Destinations, Casino News, World Casino News, China, Gaming Industry News, Economy/Finance, Japan, Online Gambling News, Asian Casino News, Financial Press Releases
South Korean casino operator, Grand Korea Leisure (GKL), has unveiled that its net income in the second quarter of 2023 amounted to KRW8.58 billion (US$6.5 million). As reported by Inside Asian Gaming (IAG), th...

NetBet Italy Partners With Inspired Entertainment for Increased Italian Presence

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Italy
A pioneering online gambling platform, NetBet Italy, has entered a partnership with Inspired Entertainment, a globally recognized content provider and technology supplier for regulated gambling markets. The par...

Macau Casinos Making $67 Million Daily And Heading to Full Market Recovery

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino reviews from Macau, Gaming Industry News, Online Gambling News, Asian Casino News, Macau, Financial Press Releases
Macau’s gaming industry generated around MOP$3.2 billion (US$400 million) in gross gaming revenues over the first six days of August. The analysts of the investment bank JP Morgan noted that the region's daily ...