Economy/Finance | World Casino News

Philippine Gambling Industry on Track for Record $6.03 Billion Revenue

December 11, 2024

Latest Casino and Gambling News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Mobile gaming, Online Gambling News, Financial Press Releases, Philippines

The Philippine gambling industry is poised to reach unprecedented heights in 2024, with revenues projected to exceed PHP 350 billion (USD 6.03 billion). This figure, announced by Philippine Amusement and Gaming...

New York Sports Betting Hits Record Revenue Despite Handle Dip

Vanja Mitic

December 10, 2024

Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases, New York

New York’s sports betting industry has achieved another milestone. The New York State Gaming Commission reported that gross gaming revenue (GGR) for November reached an unprecedented $231.7 million, surpassing ...

Churchill Downs and NYRA File Lawsuit Against HISA Over Disputed Fee Assessments

Vanja Mitic

December 10, 2024

U.S.A., Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Horse Racing, Fines, Lawsuits & Litigation

Churchill Downs Inc. and the New York Racing Association (NYRA) have initiated legal action against the Horseracing Integrity and Safety Authority (HISA), questioning the legality of its fee assessment practice...

Resort and Parking Fees Increase at MGM Resorts: Impact on Las Vegas Visitors

Vanja Mitic

December 4, 2024

Casino Destinations, Las Vegas, U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance

In a move set to affect thousands of visitors, MGM Resorts International has announced significant increases to both resort and parking fees at its Las Vegas properties, effective from 10 a.m. on December 4. Th...

Genting Reports Decline in Q3 2024 Revenue and Profit Amid Global Challenges

Johnny K.

November 29, 2024

Latest Casino and Gambling News, Las Vegas, U.S.A., North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Malaysia, Financial Press Releases, Singapore, Nevada

Genting Berhad, the Malaysian multinational corporation known for its diverse ventures in the gaming and entertainment industry, reported a significant decline in revenue and profit for the third quarter of 202...

Arizona Sports Betting Surges in September with Record Revenues

Vanja Mitic

November 27, 2024

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

In a remarkable surge in sports betting, Arizona witnessed a substantial increase in wagering activities in September 2024, with bettors staking approximately $732 million across various platforms. This represe...

UAE Launches Its First Regulated National Lottery: A New Era in Gaming

Vanja Mitic

November 27, 2024

United Arab Emirates, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Online Gambling News

The United Arab Emirates has introduced its first-ever regulated national lottery, a significant development in the country's entertainment and gaming sector. Managed by The Game LLC, this initiative represents...

New Jersey Proposes Seizing Funds from Dormant Online Gambling Accounts

Johnny K.

November 27, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Financial Press Releases, New Jersey

New Jersey lawmakers have introduced a bipartisan bill aiming to address unclaimed funds in inactive online gambling accounts. The proposed legislation seeks to transfer unused account balances to the state’s u...

Genting Malaysia Faces Lawsuit Over Resorts World Bimini Operations

Vanja Mitic

November 26, 2024

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

Genting Malaysia, through its US subsidiary Genting Americas Inc, is currently engaged in legal proceedings to dismiss a contentious lawsuit regarding its operation of Resorts World Bimini (RWB) in the Bahamas....

Macau’s Surging Gaming Tax Revenue Marks Economic Upswing in 2024

Vanja Mitic

November 26, 2024

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

The Macau Financial Services Bureau (DSF) recently reported that the region has collected a substantial MOP73.04 billion (approximately $9.11 billion) in gaming taxes throughout the first 10 months of 2024. Thi...

Labour Set to Announce Mandatory Gambling Levy to Fund Harm Reduction

Johnny K.

November 26, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, United Kingdom

The UK government is poised to introduce a mandatory levy requiring gambling operators to contribute £100 million annually towards research, education, and treatment (RET) for gambling-related harm. The levy ai...

France Implements Sweeping Tax Hikes on Gambling Amid Broader Fiscal Reforms

Vanja Mitic

November 25, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, France, Online Gambling News, Taxes

In a significant policy shift, French senators have approved substantial tax increases across various sectors, including gambling, as part of a broader effort to bolster the national social security budget. Thi...

Macau Legend to Contest Termination of Casino Concession by Cape Verde Government

Vanja Mitic

November 25, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, African Casino News

Macau Legend Development Ltd, a prominent player in the global casino and hospitality sector, is gearing up to dispute the termination of its concession for a major casino resort project in Praia, announced by ...

AGA: Record-Breaking Revenue for U.S. Commercial Gaming in Q3 2024

Vanja Mitic

November 22, 2024

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, Online Gambling News, Sports betting, Financial Press Releases

The American Gaming Association (AGA) has reported an impressive milestone for the U.S. commercial gaming sector, with revenues hitting $17.71 billion in the third quarter of 2024. This achievement marks the hi...

Real Money Casinos Explode in Popularity in Connecticut as Revenue Soars

admin2

November 21, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Connecticut, Online Gambling News

Real-money casinos have had a major rise in popularity in recent years. A mix of new technology and relaxed regulations has meant that many Connecticut residents are now experiencing the thrill of casinos. With...

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Philippine Gambling Industry on Track for Record $6.03 Billion Revenue

New York Sports Betting Hits Record Revenue Despite Handle Dip

Churchill Downs and NYRA File Lawsuit Against HISA Over Disputed Fee Assessments

Resort and Parking Fees Increase at MGM Resorts: Impact on Las Vegas Visitors

Genting Reports Decline in Q3 2024 Revenue and Profit Amid Global Challenges

Arizona Sports Betting Surges in September with Record Revenues

UAE Launches Its First Regulated National Lottery: A New Era in Gaming

New Jersey Proposes Seizing Funds from Dormant Online Gambling Accounts

Genting Malaysia Faces Lawsuit Over Resorts World Bimini Operations

Macau’s Surging Gaming Tax Revenue Marks Economic Upswing in 2024

Labour Set to Announce Mandatory Gambling Levy to Fund Harm Reduction

France Implements Sweeping Tax Hikes on Gambling Amid Broader Fiscal Reforms

Macau Legend to Contest Termination of Casino Concession by Cape Verde Government

AGA: Record-Breaking Revenue for U.S. Commercial Gaming in Q3 2024

Real Money Casinos Explode in Popularity in Connecticut as Revenue Soars

Estonia Aims for Gambling Growth with Lower Taxes

Crypto.com and Robinhood Expand Prediction Markets to Pop Culture

NCAA Presses Kalshi Over Integrity, Branding, and Prop Bets

Genting Bhd’s Takeover of Genting Malaysia Set to Proceed

U.S. Casino Industry Faces Heavy Losses as Shutdown Continues