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Laurence Escalante’s VGW Expands into Lotteries Amid Profit Surge

September 20, 2024

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Online Gambling News

Virtual Gaming Worlds (VGW), the online casino powerhouse founded by billionaire Laurence Escalante, is branching out into the lottery sector after reporting a robust 30% increase in profits, fueled by its succ...

Michigan’s Online Gambling Revenue Jumps in August, iGaming Leads Growth

Johnny K.

September 20, 2024

Casino News, 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, Sports betting, Online Gambling News, Taxation, Taxes, Financial Press Releases, Michigan

Michigan's online gambling market continues to thrive, with the state's iGaming sector leading a significant revenue increase in August. The Michigan Gaming Control Board (MGCB) revealed that the total gross re...

Citigroup Trims Macau’s September GGR Amid Decline in VIP Betting Volumes

Vanja Mitic

September 19, 2024

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

Citigroup has adjusted its estimate for Macau’s gross gaming revenue (GGR) for September, reducing its forecast from MOP$18.25 billion to MOP$17.75 billion (US$2.21 billion). This change follows a significant 1...

Crown Resorts Weighs Possible Offload of Capital Golf Club to Ease Financial Struggles

Vanja Mitic

September 19, 2024

Casino Sales, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance

Crown Resorts is exploring the potential sale of its renowned Capital Golf Club, part of its broader strategy to stabilize finances amid a challenging economic period. The prestigious 18-hole course, located in...

FDJ Accelerates Acquisition of Kindred Group with Early Closure of Acceptance Period

Vanja Mitic

September 18, 2024

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

La Française des Jeux (FDJ), France's leading gaming operator, has announced an important update regarding its acquisition of Kindred Group. The acceptance period for the public offer, initially set to expire o...

EveryMatrix Announces Strategic Intent to Acquire Fantasma Games in a Significant Industry Move

Vanja Mitic

September 18, 2024

Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships

EveryMatrix, a renowned B2B iGaming software provider, has made a public offer to acquire all shares of Fantasma Games AB, a prominent developer of online casino games based in Sweden. The offer, priced at SEK ...

ROGA Announces New Initiative to Promote Responsible Gaming Among College Students

Johnny K.

September 18, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News

In a significant step towards promoting responsible gaming, the Responsible Online Gaming Association (ROGA) has announced a new initiative focused on the college demographic. Recognizing the unique challenges ...

Flutter Entertainment to Acquire Italy’s Snaitech in a Strategic €2.3 Billion Deal

Vanja Mitic

September 17, 2024

Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships, Italy

Flutter Entertainment, a global leader in online sports betting and iGaming, has announced its agreement to acquire Snaitech S.p.A., one of Italy's foremost omni-channel operators. The transaction, valued at an...

New Jersey’s Online Gambling Sets New Revenue Record in August

Vanja Mitic

September 17, 2024

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

In an impressive display of digital prowess, New Jersey's online gambling sector reached new heights in August 2024, amassing an extraordinary $198.4 million in revenue. This figure represents the highest month...

Macau Sees Rise in Gaming-Related Crimes Amidst Industry Recovery

Vanja Mitic

September 17, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Crime

In the first half of 2024, Macau experienced a notable increase in gaming-related criminal activities, with a 61.8% surge compared to the first six months of 2023. According to Asia Gaming Brief, the Office of ...

Loto-Québec Navigates Early Fiscal Challenges with Optimistic Outlook

Vanja Mitic

September 16, 2024

Latest Casino and Gambling News, Canada, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Quebec, Sports betting, Online Gambling News, Financial Press Releases

Loto-Québec, the crown corporation overseeing gambling activities in Quebec, Canada, reported a decrease in both revenue and profit for the first quarter of the 2024 fiscal year. Despite the downturn, which saw...

Nittany Mall Casino Project Remains On Track Despite Bally’s Withdrawal

Vanja Mitic

September 15, 2024

Casino News, Latest Casino and Gambling News, Casino Destinations, Casino project updates, Gaming Industry News, Economy/Finance, Employment & Careers, Pennsylvania

Bally’s Corporation has decided to step away from the ongoing casino project at the Nittany Mall, Pennsylvania, though the initiative is set to progress as originally planned, a recent news release confirmed. ...

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Vanja Mitic

September 13, 2024

Gaming Law & Legislation, Australia, Latest Casino and Gambling News, Unsavory reports, Gaming Industry News, Economy/Finance, Unlicensed Operation, Fines, Lawsuits & Litigation, Financial Fraud

The Star Entertainment Group has received a stern "show cause" notice from the New South Wales (NSW) Independent CasiSno Commission (NICC), compelling the casino operator to justify its fitness to maintain its ...

Pagcor to Postpone Casino Privatization Until 2026 Amid Charter Amendments

Johnny K.

September 13, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines

The planned privatization of the Philippine Amusement and Gaming Corporation (Pagcor) casinos under the Casino Filipino brand has been delayed until 2026. According to Pagcor chairman Alejandro Tengco, the dela...

Sweden’s Gaming Industry: Robust Growth and Transformative Shifts in Q2 2024

Vanja Mitic

September 10, 2024

Sweden, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Financial Press Releases

Sweden's gaming industry has shown a remarkable increase in economic performance in the second quarter of 2024. The licensed gaming companies reported a total turnover of SEK 6.9 billion, representing a growth ...

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Laurence Escalante’s VGW Expands into Lotteries Amid Profit Surge

Michigan’s Online Gambling Revenue Jumps in August, iGaming Leads Growth

Citigroup Trims Macau’s September GGR Amid Decline in VIP Betting Volumes

Crown Resorts Weighs Possible Offload of Capital Golf Club to Ease Financial Struggles

FDJ Accelerates Acquisition of Kindred Group with Early Closure of Acceptance Period

EveryMatrix Announces Strategic Intent to Acquire Fantasma Games in a Significant Industry Move

ROGA Announces New Initiative to Promote Responsible Gaming Among College Students

Flutter Entertainment to Acquire Italy’s Snaitech in a Strategic €2.3 Billion Deal

New Jersey’s Online Gambling Sets New Revenue Record in August

Macau Sees Rise in Gaming-Related Crimes Amidst Industry Recovery

Loto-Québec Navigates Early Fiscal Challenges with Optimistic Outlook

Nittany Mall Casino Project Remains On Track Despite Bally’s Withdrawal

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Pagcor to Postpone Casino Privatization Until 2026 Amid Charter Amendments

Sweden’s Gaming Industry: Robust Growth and Transformative Shifts in Q2 2024

Kambi Group Enhances US Presence Through Partnership with Hard Rock Digital

Pennsylvania’s Path to Multi-State Online Poker Alliance Advances

Alabama Bill Proposes Harsher Penalties for Illegal Gambling Operations

Arkansas Supreme Court Clears Path for Controversial Casino Ballot Measure

Crown Melbourne Fined $2 Million for Failing to Enforce Self-Exclusion Measures