Economy/Finance

Philippine Gaming Industry Revenue Soars 19% to $3.3 Billion in First Half of 2024

Vanja Mitic
Latest Casino and Gambling News, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
The Philippine gaming industry witnessed a significant surge in revenue during the first half of 2024, reporting a year-on-year growth of 19.2%. According to the latest figures released by the Philippine Amusem...

U.S. Projected to Lead Global Regulated iGaming Market by 2024, Vixio Report Reveals

Johnny K.
U.S.A., Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News
The United States is poised to become the world’s largest regulated iGaming market by 2024, according to a new report by Vixio, a premier provider of regulatory intelligence solutions. The semi-annual U.S. iGam...

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
The Philippines’ Anti-Money Laundering Council (AMLC) has secured a freeze order from the Court of Appeals (CA) on the assets of suspended Mayor Alice Guo and other individuals allegedly linked to the illegal a...

Oklahoma Tribal Casinos Fuel Record $6.8 Billion Indigenous Gaming Revenue in 2023

Johnny K.
Tribal Gaming, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Kansas, Oklahoma, Texas
The Oklahoma City and Tulsa regions have been instrumental in setting a new record for Indigenous gaming revenue, totaling $6.8 billion last year. This remarkable achievement has significantly bolstered the fin...

Petersburg, VA Poised for Casino Development Pending November Referendum Approval

Vanja Mitic
Virginia, Gaming Law & Legislation, U.S.A., Casino Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance
Petersburg is on the brink of potentially becoming home to a new casino. The Virginia Lottery Department has given its nod to the city’s plans, marking a significant step forward. All that remains now is for a ...

DraftKings Penalized $100,000 for Reporting Inaccurate Betting Data

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gaming software, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, New Jersey
In a strongly worded reprimand, New Jersey's gambling regulators have fined DraftKings $100,000 for providing incorrect sports betting data to the state. This was deemed “unacceptable conduct, " highlighting si...

Philadelphia Casino Fined $100,000 for Accepting Proxy Sports Bets

Vanja Mitic
Gaming Law & Legislation, U.S.A., Online gaming software, Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, Mobile gaming, Illegal Bookmaking, Licensed online casinos in USA, Sports betting, Online Gambling News, Crime, Pennsylvania
The Pennsylvania Gaming Control Board has imposed a significant fine on a Philadelphia casino for accepting sportsbook wagers from a patron who was not physically present at the property. Stadium Casino RE, ...

NYRA and FanDuel Racing Hit Contractual Impasse, Halting Content Access

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Horse Racing, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, New York
The New York Racing Association (NYRA) announced on July 4 that a contractual dispute between NYRA and FanDuel Racing has led to the removal of all NYRA content from FanDuel's wagering platforms. This impasse m...

US Tax Authority Announces Northern Marianas Gaming Regulator Owes $5.8M in Taxes

Johnny K.
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Taxation, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands
The US Internal Revenue Service (IRS) has filed a federal tax lien against the Commonwealth Casino Commission (CCC) of the Northern Mariana Islands, claiming over $5.8 million in unpaid taxes dating back to 202...

Rivers Casino Portsmouth Penalized $545,000 for Violations Spanning Multiple Occurrences

Vanja Mitic
Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Unsavory reports, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation
Rivers Casino Portsmouth has been hit with substantial fines following a series of regulatory violations identified by the Virginia Lottery over the past year. The casino has agreed to pay a total of $545,000 i...

Paradise Group in South Korea Unveils Major Expansion Plans for Travel and Casino Sectors

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, South Korea
Paradise Group is set to revolutionize customer experiences by introducing innovative travel products and enhancing its casino offerings, with a strong emphasis on attracting international visitors. The hotel o...