Economy/Finance

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, Casino project updates, Gaming Industry News, 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...

PH Resorts Ends Agreement with TRLEI for Emerald Bay Resort Project

Vanja Mitic
Gaming Law & Legislation, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines
PH Resorts Group Holdings Inc, which is overseeing the stalled Emerald Bay Resort casino project in Mactan, Cebu, has officially terminated its term sheet with Tiger Resort Leisure & Entertainment Inc (TRLE...

Nevada Casinos Achieve Record $1.32 Billion in May Amid Strong Event-Driven Growth

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, Nevada
Nevada's casino industry continues to chart a course towards another record-breaking year, buoyed by strong performance in May despite facing challenges in regional markets. Continued growth in Nevada casino...

LinQ Secures $2.3M Funding to Accelerate Mobile Game Developers’ Entry into RMG Market

Vanja Mitic
Latest Casino and Gambling News, Online gaming software, World Casino News, Online gambling regulation, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Online Gambling News
LinQ, a pioneering platform in the Real Money Gaming (RMG) sector, has announced a significant funding milestone of $2.3 million from strategic investors including Drive by DraftKings, Sharp Alpha Advisors, Mid...

Jade SportsBet Resumes Operations in the Philippines After Regulatory Suspension Lifted

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Asian Casino News, Sports betting, Online Gambling News, Philippines
Jade SportsBet, an online wagering platform operated by Jade Entertainment and Gaming Technologies Inc., has successfully lifted the suspension on its operations in the Philippines. This development comes after...

Arizona Overtakes Nevada in Monthly Sports Betting Handle, Reaching $656.3 Million with Mobile Dominance

Vanja Mitic
Latest Casino and Gambling News, Arizona, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, Nevada
In a significant turn of events, Arizona has outpaced Nevada in sports betting handle for the first time since legalization. The Arizona Department of Gaming's recent report for April revealed a staggering $656...

NSW Government Contemplates Raising Betting Tax to 20% Prompted by Tabcorp Proposal, Impacting Major Bookmakers

Vanja Mitic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Oceania Casino News, Taxes
The New South Wales (NSW) government is deliberating on the possibility of raising the tax on all bets made within the state from 15 to 20 percent, prompted by a proposal from industry leader Tabcorp. If implem...

Illinois Sportsbooks Generate $92M in April, Poised to Overtake New Jersey in National Rankings

Johnny K.
NBA, MLS, U.S.A., Casino News, Latest Casino and Gambling News, North America Casino News, MLB, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Illinois, Taxes, Financial Press Releases
Illinois sportsbooks amassed nearly $92 million in adjusted gross sports betting revenue for April 2024, according to data released by the Illinois Gaming Board on Thursday. This month saw the state's betting h...