Economy/Finance

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Mobile gaming, Asian Casino News, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud
Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordina...

Norfolk’s Proposed Resort Casino Undergoes Changes: A Name Rebrand and Design Adjustments

Vanja Mitic
Virginia, Tribal Gaming, Latest Casino and Gambling News, Tribal Gaming, U.S.A., Casino Destinations, Casino News, World Casino News, North America Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance
In a recent Architectural Review Board (ARB) meeting on Monday, August 19th, the development team behind Virginia’s long-awaited casino project hinted that the name “Headwaters Resort & Casino” might no lon...

Proposed Casino Cosmopol Closure Could Escalate Illegal Gambling in Sweden

Vanja Mitic
Sweden, Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casino closures, Economy/Finance, European Casino News
Spelinspektionen, the Swedish gambling regulator, has expressed significant concerns regarding the proposed discontinuation of Casino Cosmopol, Sweden's state-owned land-based casino. The government's decision ...

Bally Bet Debuts in Massachusetts with Promising July 2024 Revenue Figures

Vanja Mitic
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases, Massachusetts
The Massachusetts Gaming Commission has unveiled the gaming revenue figures for July 2024, revealing a robust performance across the state's casino and sports wagering sectors. The report indicates that the thr...

US Commercial Gaming Revenue Hits Record $17.63 Billion in Q2

Vanja Mitic
U.S.A., Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases
The U.S. commercial gaming sector has hit a new milestone with its revenues reaching $17.63 billion in the second quarter of 2024, as reported by the American Gaming Association’s (AGA) Commercial Gaming Revenu...

Nevada Regulators Pursue Resorts World on Laundering Charges

Vanja Mitic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Illegal Bookmaking, Crime, Fines, Lawsuits & Litigation, Nevada
Nevada's gaming watchdog has lodged a formal complaint against Resorts World, accusing the establishment of fostering an environment conducive to money laundering linked to illicit bookmaking activities. This 3...

Sportradar Boosts 2024 Outlook After Strong Q2 Performance

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, World Casino News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
Sportradar has announced a notable increase in its financial performance for the second quarter of 2024. The company experienced a 29% year-over-year growth in revenue, reaching €411.6 million, and a 22% increa...

Flutter Raises Earnings Forecast After Strong Q2, Rejects U.S. State Surcharge

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases
Flutter Entertainment has significantly raised its full-year earnings forecast following a surprisingly strong second quarter, choosing not to impose a surcharge on customers in high-tax U.S. states. This strat...

EveryMatrix Debuts in Ontario with DraftKings Amid Record Growth

Johnny K.
Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Canada, Gaming Industry News, Economy/Finance, Ontario, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases
EveryMatrix, a leading iGaming technology supplier, has successfully launched its casino content in Ontario, Canada, with DraftKings, one of North America's premier operators. This marks another significant ste...

Bloomberry Q2 Revenue Falls 4% as VIP Declines at Solaire Entertainment City, Despite North’s Strong Start

Johnny K.
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
Bloomberry Resorts Corp reported a decline in its financial performance for the second quarter of 2024, with consolidated gross gaming revenues falling by 4% year-on-year to Php14.5 billion ($255 million). This...

Indonesia Steps Up Measures Against Payment Platforms Over Online Gambling

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Asian Casino News
Indonesia’s Ministry of Communications and Informatics, under the stewardship of Minister Budi Arie Setiadi, has launched a robust initiative targeting 21 payment service providers. This action comes as part of...

Caesars Virginia Casino Eyes Q4 Opening with Expanded Gaming

Vanja Mitic
Virginia, Casino Destinations, Casino News, Latest Casino and Gambling News, U.S.A., Casino expansion projects, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance
The eagerly anticipated Caesars Virginia casino remains on course for its grand opening in the fourth quarter of this year, a timeline confirmed by Ray Dunkle, the Virginia Lottery's director of gaming operatio...