Economy/Finance

MGM Resorts Achieves Record Q2 2025 Revenues, Boosted by MGM China and BetMGM

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Financial Press Releases
MGM Resorts International achieved its highest-ever consolidated net revenues for the second quarter of 2025, driven by strong international performances and an expansion in various key sectors. The company's c...

Betr Elevates PointsBet Offer, Pressures MIXI in Escalating Bidding War

Johnny K.
Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Oceania Casino News
Australian wagering firm Betr Entertainment has intensified its efforts to acquire PointsBet, announcing an upgraded all-scrip offer that places a higher per-share value than the rival bid from MIXI Australia. ...

Star Entertainment Faces Major Setback with Queen’s Wharf Sale as Financial Struggles Continue

Vanja Mitic
Casino Sales, Latest Casino and Gambling News, Casino Destinations, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases
Star Entertainment Group, one of Australia’s leading casino operators, is facing a critical juncture as it battles significant financial pressures. The company’s deal to offload its stake in the Queen’s Wharf p...

Betfair Fined for Violating Australia’s Spam Laws and Failing VIP Customer Consent

Vanja Mitic
Online gaming software, Australia, Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation
Betfair Pty Limited, an Australian online betting exchange, has been ordered to pay a penalty of AU$871,660 after being found guilty of breaching Australia’s Spam Act. An investigation by the Australian Communi...

Philippines’ Online Gaming Surges Past ₱114B, Now Dominates Industry Revenues

Johnny K.
Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Asian Casino News, Philippines
The Philippine gaming industry saw a major shift in the first half of 2025 as the online gaming segment surged to unprecedented heights, surpassing traditional casino earnings for the first time. According to t...

MGC Fines DraftKings $450K for Credit Card Betting Breaches

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation, Massachusetts
The Massachusetts Gaming Commission (MGC) has fined DraftKings $450,000 for failing to prevent the use of credit card funds in online sports betting—an explicit violation of the state’s gambling laws. The breac...

Prime Sportsbook Goes Live in Kentucky, Extending U.S. Presence

Johnny K.
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Licensing, Kentucky
Prime Sportsbook has officially launched in Kentucky, marking its third online market in the United States and continuing its expansion amid fierce competition in the sports betting landscape. The New Jersey-ba...

PointsBet Board Dismisses Betr Bid, Supports MIXI’s Cash Offer Amid VIP Revenue Worries

Johnny K.
Latest Casino and Gambling News, Australia, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Oceania Casino News, Mergers, Acquisitions & Partnerships
Australian sportsbook operator PointsBet has once again declined a takeover proposal from rival Betr, pointing to concerns around the stability and risk profile of Betr’s revenue model. The company instead endo...

Industry Warns of Major Job Losses If Online Gaming Ban Proceeds in Philippines

Vanja Mitic
Latest Casino and Gambling News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Employment & Careers, Online Gambling News
Online gaming stakeholders in the Philippines have issued warnings over the far-reaching consequences of proposed legislation that would impose a blanket ban on the legal sector. According to licensed operators...