Economy/Finance | World Casino News

Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth

January 3, 2025

Latest Casino and Gambling News, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Financial Press Releases, South Korea

South Korea’s Paradise Co, a leader in the foreigner-only casino market, closed 2024 with an impressive 10.2% growth in casino revenue, reaching KRW818.8 billion (US$556 million). This marks a significant impro...

Ohio Sports Betting Surpasses $1 Billion in November 2024

Vanja Mitic

January 3, 2025

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

For the second time since the legalization of sports betting in Ohio, the state achieved a remarkable milestone, with total wagers surpassing $1 billion in a single month. November 2024 saw Ohio sportsbooks col...

Macau’s 2024 Gaming Revenue Rebounds, Exceeding Government Projections

Johnny K.

January 2, 2025

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

Macau’s casino industry demonstrated significant recovery in 2024, with gross gaming revenue (GGR) reaching MOP226.78 billion (US$28.34 billion), a 23.9% increase from the previous year. This growth reflects th...

Mohegan Reports Mixed 2024 Financial Results with Debt Concerns

Johnny K.

January 2, 2025

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

Mohegan Gaming & Entertainment has released its financial outcomes for the fourth quarter and fiscal year ending September 30, 2024, highlighting strong revenue growth while grappling with substantial liqui...

Sands China Rewards Staff with Bonus and Salary Increase

Johnny K.

December 31, 2024

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

Sands China has announced a new initiative to reward its employees with both a discretionary bonus and a salary increase, underscoring its commitment to team member recognition. As stated in a press release cit...

Bally’s Chicago Offers Equity Stake in $1.7 Billion Casino Project

Johnny K.

December 31, 2024

Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Illinois

Bally’s Chicago has unveiled an investment opportunity for a 25% equity stake in its highly anticipated casino and resort project. The initiative includes both a public offering and a private placement, managed...

MGM China Rewards Staff with Bonuses Amid 2024 Milestones

Vanja Mitic

December 31, 2024

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

MGM China Holdings Limited has announced a discretionary bonus equivalent to one month’s salary for 95% of its workforce, recognizing their dedication throughout 2024. Set to be distributed in two phases around...

Sydney University Criticized for Gambling Industry Investments

Johnny K.

December 28, 2024

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Oceania Casino News

The University of Sydney has come under scrutiny for its financial ties to the gambling industry, including investments in major companies such as Aristocrat and Entain. These companies have also funded academi...

SJM Resorts Announces One-Month Employee Bonus for January 2025 Amid Anticipation for Salary Updates

Vanja Mitic

December 26, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Financial Press Releases

Macau gaming operator SJM Resorts has announced a “special discretionary bonus” for its employees, equivalent to one month’s salary. This bonus will be distributed on January 20, 2025, signaling the start of th...

Irish Gambling Regulator Advocates Bank Gambling Block Measures

Vanja Mitic

December 25, 2024

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

Ireland’s Gambling Regulatory Authority (GRAI) is working closely with major banks to implement voluntary blocks on gambling-related transactions made with credit and debit cards. This initiative is part of a b...

DraftKings Sued Over Account Closures and Withheld Funds

Vanja Mitic

December 25, 2024

Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud, Massachusetts, Texas

DraftKings Inc., a major player in online sports betting, is under fire following the filing of a class action lawsuit on December 23, 2024. The suit, brought by Texas resident Eric Avila, accuses the company o...

Winna.com Secures $15M to Lead Crypto Casino Innovation

Johnny K.

December 25, 2024

Cryptocurrency, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Bitcoin accepting properties, Online Gambling News, Sports betting

Winna.com, a crypto-focused gaming platform, has successfully raised $15 million in a seed funding round. This substantial investment aims to support the platform's ambitious growth plans and enhance its offeri...

Betfred Faces Challenges as It Scales Back U.S. Operations, Exiting Multiple States

Vanja Mitic

December 24, 2024

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

Betfred, a leading British sportsbook, is scaling back its operations in the United States, further reducing its footprint as the challenges for smaller betting operators intensify. Recent closures include the ...

U.S. Gaming Industry Hits Record $67B Revenue, Eyes Growth in 2025

Vanja Mitic

December 24, 2024

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

The American Gaming Association (AGA) has reported unprecedented achievements for the U.S. commercial gaming sector in 2024, positioning the industry for further expansion in 2025. Total revenue is projected to...

JPMorgan Ends Stake in Star Entertainment Amid Ongoing Turmoil

Johnny K.

December 23, 2024

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Mergers, Acquisitions & Partnerships

JPMorgan Chase has divested its stake in Star Entertainment, an Australian casino group grappling with mounting regulatory, operational, and financial difficulties. The gaming company’s recent exchange filing c...

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Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth

Ohio Sports Betting Surpasses $1 Billion in November 2024

Macau’s 2024 Gaming Revenue Rebounds, Exceeding Government Projections

Mohegan Reports Mixed 2024 Financial Results with Debt Concerns

Sands China Rewards Staff with Bonus and Salary Increase

Bally’s Chicago Offers Equity Stake in $1.7 Billion Casino Project

MGM China Rewards Staff with Bonuses Amid 2024 Milestones

Sydney University Criticized for Gambling Industry Investments

SJM Resorts Announces One-Month Employee Bonus for January 2025 Amid Anticipation for Salary Updates

Irish Gambling Regulator Advocates Bank Gambling Block Measures

DraftKings Sued Over Account Closures and Withheld Funds

Winna.com Secures $15M to Lead Crypto Casino Innovation

Betfred Faces Challenges as It Scales Back U.S. Operations, Exiting Multiple States

U.S. Gaming Industry Hits Record $67B Revenue, Eyes Growth in 2025

JPMorgan Ends Stake in Star Entertainment Amid Ongoing Turmoil

Fortunepanda’s Versus Odds Banned by Swedish Regulator for Illegal Gambling

Philippines Intensifies Crackdown on Illegal POGO Workers

Ohio Sports Betting Surpasses $1 Billion in November 2024

KSA Enforces Revamped Fine Policy in The Netherlands for 2025

Crucial Details Emerge Regarding Legal Appeal Challenges $1.6 Billion Baha Mar Judgment