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Macau Government Lowers 2025 Gaming Revenue Forecast in Revised Budget

June 4, 2025

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

The Macau government has revised its 2025 budget, adjusting its gross gaming revenue (GGR) forecast downward by 5%. Originally set at MOP 240 billion (US$29.7 billion), the new estimate for the year now stands ...

Minnesota Supreme Court to Rule on Electronic Gambling Dispute Involving Running Aces

Vanja Mitic

June 4, 2025

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

A legal conflict concerning electronic gambling has escalated to the Minnesota Supreme Court, where it will decide whether off-reservation electronic tables violate state agreements that grant Native American t...

Laurence Escalante Moves to Fully Acquire Sweepstakes Giant VGW

Johnny K.

June 3, 2025

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

Laurence Escalante, the founder of Virtual Gaming Worlds (VGW), has initiated a bold move to consolidate his control over the company by acquiring the remaining 30% of shares he does not yet own. The proposed t...

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

Johnny K.

June 3, 2025

Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Sports betting, Illinois, Taxes

The online sports betting industry took a significant hit this week after Illinois lawmakers unexpectedly approved a budget that includes a steep new tax on individual wagers, sending shockwaves through Wall St...

Macau Casino Revenue Reaches Post-COVID Peak in May 2025

Vanja Mitic

June 2, 2025

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

Macau’s gaming sector recorded its most successful month since the onset of the COVID-19 pandemic, with gross gaming revenue (GGR) for May 2025 hitting MOP 21.19 billion (USD 2.62 billion). The figure, released...

Las Vegas Strip Casino Revenue Falls for Third Straight Month in April

Johnny K.

May 30, 2025

Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Nevada

Gaming revenue on the Las Vegas Strip declined once again in April, marking the third consecutive month of year-over-year losses for Nevada’s most prominent casino corridor. According to data released by the Ne...

Vietnam and Laos Dismantle $50M Cross-Border Online Gambling Ring

Vanja Mitic

May 27, 2025

Laos, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Unlicensed Operation, Conspiracy, Crime, Fines, Lawsuits & Litigation, Vietnam

A high-profile joint crackdown between Vietnam’s Ministry of Public Security and Laotian authorities has taken down a vast transnational online gambling network that facilitated illegal betting worth nearly VND...

Louisiana House Passes Revised Bill to Raise Online Betting Tax

Vanja Mitic

May 26, 2025

Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Taxation, Sports betting, Online Gambling News, Taxes, Louisiana

Louisiana lawmakers have taken a significant step toward restructuring the state’s online sports betting tax framework with the House’s passage of an amended version of House Bill 639. The legislation, introduc...

Macau Maintains Gaming Lead Despite Regional Competition Surge

Johnny K.

May 26, 2025

Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Economy/Finance, Japan, Macau, Asian Casino News, South Korea, Thailand

For over a decade, whispers of Macau's vulnerability in the face of emerging Asian gaming markets have circulated through industry publications. Singapore once posed a challenge, followed by Manila. Now, attent...

Michigan Online Gambling Revenue Slips Slightly in April

Johnny K.

May 24, 2025

Tribal Gaming, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases, Michigan

Michigan’s online gaming market experienced a marginal dip in April 2025, as internet gaming and sports betting operators collectively reported $290.7 million in gross receipts. This marks a slight decline of 0...

Maryland Finalizes 20% Tax Rate for Online Sports Betting

Johnny K.

May 23, 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, Taxation, Online Gambling News, Sports betting, Maryland

Online sportsbook operators in Maryland are now facing a steeper tax bill after Governor Wes Moore officially enacted a law increasing the tax rate for mobile sports betting platforms. The change, which raises ...

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

Vanja Mitic

May 21, 2025

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

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, 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

Gaming Law & Legislation, U.S.A., Las Vegas, Latest Casino and Gambling News, 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...

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Macau Government Lowers 2025 Gaming Revenue Forecast in Revised Budget

Minnesota Supreme Court to Rule on Electronic Gambling Dispute Involving Running Aces

Illinois Sports Betting Tax Hike Triggers Market Drop and Industry Outcry

Macau Casino Revenue Reaches Post-COVID Peak in May 2025

Las Vegas Strip Casino Revenue Falls for Third Straight Month in April

Louisiana House Passes Revised Bill to Raise Online Betting Tax

Macau Maintains Gaming Lead Despite Regional Competition Surge

Michigan Online Gambling Revenue Slips Slightly in April

Maryland Finalizes 20% Tax Rate for Online Sports Betting

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

Pennsylvania Gambling Revenue Surges to Record $6.4 Billion

Bangkok Gambling Den Raid Uncovers Massive Illegal Operation

UK Charges Former Entain Executives Over Turkey Operations

Federal Court Backs Arkansas Casino Ban in Pope County

Sullivan County LDC Moves to Acquire Resorts World Catskills’ Non-Gaming Assets