Economy/Finance

Pennsylvania Gambling Revenue Surges to Record $6.4 Billion

Vanja Mitic
U.S.A., 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, Sports betting, Financial Press Releases, Pennsylvania
Pennsylvania’s gambling market has set a new benchmark, with the Pennsylvania Gaming Control Board (PGCB) reporting a historic $6.39 billion in combined revenue for the 2024/25 fiscal year. The figure, which su...

Dina Titus Pushes to Attach FAIR BET Act to NDAA 2026 to Reinstate Full Gambling Loss Deduction

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases, Nevada
Nevada Rep. Dina Titus is intensifying efforts to reverse a controversial tax change impacting gamblers across the United States. On Wednesday, August 27, the co-chair of the Congressional Gaming Caucus announc...

Macau Legend Reports Heavy Loss Ahead of Legend Palace Shutdown

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Casino closures, Gaming Industry News, Economy/Finance, Financial Press Releases
Macau Legend Development Ltd has announced that it expects to record a significant loss of approximately HK$1.42 billion (US$182 million) for the first half of 2025, a sharp increase from the HK$110 million (US...

ED Probes MLA Veerendra’s Foreign Casino Connections

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, India, Money Laundering, Economy/Finance, Employment & Careers, Crime, Georgia-Eurasia, Nepal, Fines, Lawsuits & Litigation, Sri Lanka
The Indian Enforcement Directorate (ED) has intensified its investigation into Karnataka Congress MLA K.C. Veerendra, also known as ‘Puppy’, over alleged involvement in a large-scale money laundering and illega...

Team King Finalizes IPI Casino Asset Purchase Amid Lingering Questions

Johnny K.
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Bankruptcy, Northern Mariana Islands, Fines, Lawsuits & Litigation
The sale of Imperial Pacific International’s (IPI) Saipan casino assets has officially closed, marking a major milestone in a bankruptcy process that has stretched on for over a year. Team King Investment (CNMI...

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, South Korea
South Korea’s customs authorities have broken up a major illegal remittance scheme that funneled massive sums of money overseas to support gambling activities in the Philippines. The Korea Customs Agency (KCA) ...