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Light & Wonder Aims for $2B Adjusted EBITDA by 2028

May 21, 2025

Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Mobile gaming, Online Gambling News, Financial Press Releases

Light & Wonder has significantly raised its future earnings expectations, announcing during its 2025 Investor Day that it now aims to achieve US$2 billion in adjusted EBITDA by the year 2028. This target ma...

Indonesia Suspends 28,000 Bank Accounts in Gambling Crackdown

Vanja Mitic

May 21, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News

Indonesia’s Financial Transaction Reports and Analysis Center (PPATK) has temporarily frozen more than 28,000 bank accounts in 2024, as part of a nationwide initiative to counter illegal online gambling and oth...

Las Vegas Casino Leaders Urge Cannabis Policy Reform for Tourism

Vanja Mitic

May 21, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance

Las Vegas tourism stakeholders are urging Nevada to reconsider long-standing barriers between the cannabis and casino industries, arguing that more flexible cannabis regulations could be key to revitalizing vis...

Hillary Clinton Supports Northern Ireland Charity Lottery Reform

Vanja Mitic

May 20, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Lottery, United Kingdom

Hillary Clinton has voiced her support for proposed changes to Northern Ireland's charity lottery laws, highlighting the potential to bring vital funding into the region's civil society. In a video message pres...

Nepal Seeks Stricter Casino Rules, Limits Foreign Ownership to 49%

Vanja Mitic

May 19, 2025

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Nepal

Nepal’s government has introduced a sweeping set of reforms through a proposed casino law that would alter how gaming establishments operate, fund, and partner with foreign entities in Nepal. These changes, emb...

Bain Capital Opens Door to Inspire Resort Sale Amid Legal Mandates

Johnny K.

May 19, 2025

Casino Sales, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, South Korea

Bain Capital has officially initiated the sale process for Inspire Entertainment Resort in Incheon’s Yeongjong Island, a move driven not by strategy alone but by legal necessity. The resort’s operating entity, ...

New Jersey’s April Gaming Report Shows Online Surge, Retail Struggles

Vanja Mitic

May 18, 2025

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, New Jersey

New Jersey’s gaming market continued to shift online in April 2025, as internet casino platforms posted substantial gains while traditional casinos and sportsbooks experienced notable declines. According to the...

Japan Moves to Crack Down on Illegal Online Casinos Amid Growing Gambling Concerns

Vanja Mitic

May 16, 2025

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Japan, Online Gambling News

Japan is stepping up efforts to combat illegal online gambling as reports reveal millions of residents wager billions of yen on overseas sports betting sites and online casinos, activities currently prohibited ...

Macau Sees Dip in Public Revenue Amid Stagnant Gaming Tax Income

Johnny K.

May 16, 2025

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

Macau's public finances experienced a modest contraction during the initial four months of 2025, as overall revenue declined by 4.95% compared to the same stretch in 2024. Data released by the Financial Service...

New Jersey Proposes Casinos at Meadowlands and Monmouth Park to Counter NYC Plans

Vanja Mitic

May 16, 2025

Casino Destinations, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licenses, Licensing, New Jersey, New York

As New York City advances plans to open new casinos, New Jersey lawmakers have introduced a constitutional amendment (Bill SCR130) aimed at allowing casino gaming at two prominent racetracks within the state: t...

HG Vora Escalates Proxy War Against Penn Over Board Seats and Strategy

Johnny K.

May 15, 2025

U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Fines, Lawsuits & Litigation

HG Vora Capital Management has intensified its confrontation with Penn Entertainment, seeking to secure greater influence on the board amid mounting dissatisfaction with the company’s strategic direction and fi...

Aristocrat Delivers Strong H1 2025 Growth With Focused Three-Pillar Strategy

Vanja Mitic

May 14, 2025

Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases

Aristocrat Leisure Limited reported a robust financial performance for the first half of fiscal year 2025, with group revenue rising 8.7% year-on-year to AU$3.03 billion (US$1.96 billion). The increase was driv...

Cohen’s Queens Casino Project Clears Major Legislative Hurdle

Vanja Mitic

May 14, 2025

Latest Casino and Gambling News, Casino Destinations, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, New York

A long-debated casino project near Citi Field gained momentum this week after the New York State Assembly approved legislation to rezone parkland for development. The bill, passed in a 138-7 vote, brings New Yo...

Michigan Cracks Down on Four Offshore Gambling Sites in Latest Legal Push

Johnny K.

May 14, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Unlicensed Operation, Sports betting, Crime, Fines, Lawsuits & Litigation, Financial Press Releases, Michigan

The Michigan Gaming Control Board (MGCB) has stepped up its enforcement actions against illegal online gambling by issuing cease-and-desist letters to four offshore operators—You Wager, Bet Pop Casino, Wager 7,...

iGaming and Sports Betting Propel US Gaming Revenue to New High

Vanja Mitic

May 14, 2025

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases

The U.S. commercial gaming industry achieved a milestone in 2024, posting its highest-ever annual revenue for the fourth year running. According to the American Gaming Association’s (AGA) 2025 State of the Stat...

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Light & Wonder Aims for $2B Adjusted EBITDA by 2028

Indonesia Suspends 28,000 Bank Accounts in Gambling Crackdown

Las Vegas Casino Leaders Urge Cannabis Policy Reform for Tourism

Hillary Clinton Supports Northern Ireland Charity Lottery Reform

Bain Capital Opens Door to Inspire Resort Sale Amid Legal Mandates

New Jersey’s April Gaming Report Shows Online Surge, Retail Struggles

Japan Moves to Crack Down on Illegal Online Casinos Amid Growing Gambling Concerns

Macau Sees Dip in Public Revenue Amid Stagnant Gaming Tax Income

New Jersey Proposes Casinos at Meadowlands and Monmouth Park to Counter NYC Plans

HG Vora Escalates Proxy War Against Penn Over Board Seats and Strategy

Aristocrat Delivers Strong H1 2025 Growth With Focused Three-Pillar Strategy

Cohen’s Queens Casino Project Clears Major Legislative Hurdle

Michigan Cracks Down on Four Offshore Gambling Sites in Latest Legal Push

iGaming and Sports Betting Propel US Gaming Revenue to New High

Evolution Debuts Red Door Roulette in New Jersey and Delaware

Kangwon Land Targets Global Gamblers With New Perks and Casino Upgrades

MGM Eyes Bangkok Casino Investment, Urges Competitive Tax Model

Penang Freezes Over 150 Mule Accounts in RM32M Gambling Crackdown

Texas Bill to Dismantle Lottery Commission Advances Amid Deepening Scandals