Economy/Finance | World Casino News

PAGCOR Reports Strong Financial Performance Amid Gaming Sector Growth

October 29, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Financial Press Releases, Philippines

The Philippine Amusement and Gaming Corporation (PAGCOR) has disclosed an impressive financial performance for the first nine months of 2024, with revenues reaching Php79.43 billion (US$1.36 billion). This figu...

IBIA: Rapid Growth in Asia’s Sports Betting Market, Driven by China and India

Vanja Mitic

October 25, 2024

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Online Gambling News, Asian Casino News, Sports betting

The sports betting industry in Asia is experiencing substantial growth, fueled by increasing interest in football and basketball, as detailed in a recent study by the International Betting Integrity Association...

Cherry AB Considers Selling ComeOn Group Amid Market Challenges

Johnny K.

October 25, 2024

Sweden, Casino Sales, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

Swedish gaming operator Cherry AB is exploring options to sell its online casino and sports betting subsidiary, ComeOn Group, as part of a strategic shift in focus. Cherry, owned by private equity firm Bridgepo...

Multi-Billion Dollar Legal Battle: CCA to Appeal $1.6 Billion Judgment in Baha Mar Case

Vanja Mitic

October 25, 2024

Latest Casino and Gambling News, World Casino News, Bahamas, Economy/Finance, Fines, Lawsuits & Litigation

In a significant legal development, China Construction America (CCA), through a New York-based communications firm, announced its intention to challenge a ruling from the Supreme Court of the State of New York....

7 reasons why online casinos are succeeding in Ontario

admin2

October 24, 2024

Latest Casino and Gambling News, Online gambling regulation, Canada, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Ontario, Online Gambling News

Ever since Ontario legalized online casinos back in April 2022, the iGaming scene in the province has gone from strength to strength, and has rapidly become one of North America’s leading online gambling market...

Svenska Spel Reports Varied Q3 Performance Amid Regulatory Changes

Vanja Mitic

October 23, 2024

Sweden, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Financial Press Releases

In a regulatory climate marked by heightened scrutiny and strategic adaptations, Svenska Spel's third quarter of 2024 presented a mixed bag of results. As disclosed in their latest interim report, the company o...

Tabcorp’s Retail Betting Outperforms Digital as Economic Shifts Drive Strategic Overhaul

Vanja Mitic

October 23, 2024

Australia, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases

In an unexpected reversal of trends, an Australian giant Tabcorp has observed a stronger performance in its retail wagering operations compared to its digital counterparts throughout the fiscal year ending June...

Macau GGR Falls Sharply After Golden Week, Analysts Remain Cautiously Optimistic

Vanja Mitic

October 21, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases

After the exuberance of the National Day Golden Week, Macau's casinos witnessed a substantial decrease in daily gross gaming revenues (GGR). During the third week of October, the daily GGR plummeted to approxim...

Fairfax County Casino Debate Heats Up with New Legislation Postponed to 2025

Vanja Mitic

October 20, 2024

Virginia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino proposals, Casino project updates, Gaming Industry News, Economy/Finance, Labor Relations

The proposal to introduce a casino in Fairfax County, Virginia, has once again ignited a fervent debate among local residents, labor unions, and lawmakers. As the prospect of introducing gambling facilities in ...

New Jersey’s Online Gambling Soars to Record Highs in September

Vanja Mitic

October 18, 2024

Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, New Jersey

In an unprecedented surge, New Jersey's internet gambling market reached a new zenith in September 2024, with Atlantic City's casinos and their partners garnering over $208 million in earnings. This achievement...

Casino License Controversy Escalates in Arkansas Amid Intense Funding Battles

Vanja Mitic

October 17, 2024

Tribal Gaming, Arkansas, Tribal Gaming, U.S.A., Casino Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Economy/Finance, Licenses

In a sharp escalation of stakes, two prominent casino-operating tribes, the Cherokee Nation Businesses and the Choctaw Nation of Oklahoma, have invested a significant $13 million into their lobbying efforts con...

Arizona Tribal Gaming Contributes $43.9M to State Fund, Up 3.6% in Q1 FY 2025

Vanja Mitic

October 14, 2024

Tribal Gaming, Latest Casino and Gambling News, Tribal Gaming, U.S.A., World Casino News, North America Casino News, Arizona, Economy/Finance, Financial Press Releases

The Arizona Department of Gaming (ADG) recently reported a significant contribution of $43,926,346 from tribal gaming to the Arizona Benefits Fund for the initial quarter of Fiscal Year 2025. This figure marks ...

UK Gambling Faces £3B Tax Hike, Stock Prices Drop Amid Uncertainty

Vanja Mitic

October 14, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxes, United Kingdom

The UK gambling sector has been thrown into turmoil following reports that Chancellor Rachel Reeves may impose significant tax hikes on the industry. A new levy, expected to raise as much as £3 billion, is unde...

RAV Bahamas Sues Genting Over $600M Mismanagement in Resorts World Bimini

Vanja Mitic

October 14, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Bahamas, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation

In what has become a contentious legal drama, the original developer of Resorts World Bimini, RAV Bahamas, has initiated a lawsuit against its partner, the Malaysian conglomerate Genting. The lawsuit, filed in ...

Macau’s Gaming Tax Revenue Surpasses 2023 Total in First Nine Months of 2024

Johnny K.

October 14, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases

Macau’s gaming industry has continued its rapid recovery in 2024, with the region’s tax revenue from gaming reaching nearly MOP66.40 billion (US$8.31 billion) within the first nine months of the year, surpassin...

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PAGCOR Reports Strong Financial Performance Amid Gaming Sector Growth

IBIA: Rapid Growth in Asia’s Sports Betting Market, Driven by China and India

Cherry AB Considers Selling ComeOn Group Amid Market Challenges

Multi-Billion Dollar Legal Battle: CCA to Appeal $1.6 Billion Judgment in Baha Mar Case

7 reasons why online casinos are succeeding in Ontario

Svenska Spel Reports Varied Q3 Performance Amid Regulatory Changes

Tabcorp’s Retail Betting Outperforms Digital as Economic Shifts Drive Strategic Overhaul

Macau GGR Falls Sharply After Golden Week, Analysts Remain Cautiously Optimistic

Fairfax County Casino Debate Heats Up with New Legislation Postponed to 2025

New Jersey’s Online Gambling Soars to Record Highs in September

Casino License Controversy Escalates in Arkansas Amid Intense Funding Battles

Arizona Tribal Gaming Contributes $43.9M to State Fund, Up 3.6% in Q1 FY 2025

RAV Bahamas Sues Genting Over $600M Mismanagement in Resorts World Bimini

Macau’s Gaming Tax Revenue Surpasses 2023 Total in First Nine Months of 2024

Illinois Enforces New Betting Restrictions on NFL Games to Uphold Integrity

Aristocrat Technologies Achieves Landmark Vendor License in UAE

PAGCOR Reports Strong Financial Performance Amid Gaming Sector Growth

Robinhood Introduces New Presidential Election Betting Market with Innovative Derivative Contracts

Sahara Las Vegas Set to Close Poker Room, Launch Slot Machines