Economy/Finance

Star Entertainment Seals Deal to Exit Brisbane Casino Operations

Vanja Mitic
Casino Sales, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships
Star Entertainment Group has reached a binding agreement to sell its 50% interest in Brisbane’s $3.6 billion Queen’s Wharf development, paving the way for the company’s withdrawal from both ownership and manage...

Chinese Underground Banking Networks Fuel Global Criminal Finance

Vanja Mitic
Cryptocurrency, Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, China, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Online Gambling News, Crime, Financial Fraud
Chinese underground banking systems, known informally as “fei qian” or “flying money,” have become central to the operations of organized crime groups around the world. Functioning beyond the reach of regulated...

New York Sportsbooks Maintain Strong July With Third Month Above 11% Hold

Vanja Mitic
Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New York
New York’s regulated sports betting market delivered $155.9 million in gross revenue for July 2025, with both mobile and commercial operators combining for an 11.08% hold. According to Friday’s report from the ...

Japan’s Universal Entertainment Reports $69M Loss Amid Okada Manila Weakness

Johnny K.
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Japan, Asian Casino News, Financial Press Releases, Philippines
Japan’s Universal Entertainment Corp recorded a significant downturn in the first half of 2025, posting a net loss of JPY9.87 billion ($69 million). The setback was primarily linked to underwhelming performance...

Tourism Slump Pressures The Strat on the Las Vegas Strip While Operator Golden Entertainment Targets Rebound

Vanja Mitic
Latest Casino and Gambling News, Las Vegas, Casino Destinations, Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases
The slowdown in Southern Nevada tourism is rippling across the Las Vegas Strip, and even The Strat — one of its most iconic properties — has not been spared. Golden Entertainment, which operates the resort, rep...

Flutter Surpasses Q2 Earnings Targets, Lifts 2025 Outlook

Johnny K.
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
Flutter Entertainment, the global leader in online sports betting and iGaming, posted second-quarter 2025 results that comfortably outpaced analyst projections, propelled by strong performances in both the U.S....

DraftKings Sets New Records in Q2 2025, Boosted by Strong Customer Engagement and Sportsbook Performance

Vanja Mitic
U.S.A., Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases
DraftKings Inc. has achieved remarkable financial results for the second quarter of 2025, setting new company records for revenue, net income, and adjusted EBITDA. The U.S.-based digital sports entertainment an...

Philippines’ Wealthiest Entrepreneurs Maintain Top Spots, With Casino Tycoons Holding Strong Rankings

Vanja Mitic
Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino moguls, Economy/Finance, Employment & Careers, Asian Casino News, Philippines
The latest rankings of the Philippines' wealthiest entrepreneurs, as compiled by Forbes for 2025, reveal that the Sy siblings, Enrique Razon Jr., and Manuel Villar continue to lead the pack. Despite the ongoing...