Economy/Finance

PAGCOR Shuts Down Two Underperforming Casino Filipino Locations

The Philippine Amusement and Gaming Corporation (PAGCOR) has decided to close two of its Casino Filipino gaming sites due to persistent financial losses. The closures are part of the agency's ongoing rationaliz...

PAGCOR Reports Historic Financial Growth in 2024, Surpassing PHP 112 Billion in Revenue

The Philippine Amusement and Gaming Corporation (PAGCOR) has achieved an exceptional financial milestone, reporting an all-time high of PHP 112 billion in revenue for 2024. This figure marks a significant 41% i...

Vietnam Police Bust $1.2 Billion Money Laundering Operation

Vietnam's police have dismantled a massive international money laundering operation, arresting five individuals and seizing vast amounts of illicitly obtained funds. The operation, which ran from 2022 to 2024, ...

Hawaii Legislators Push for Legalized Sports Betting and Fantasy Sports

Hawaii has long been an outlier in the United States when it comes to gambling regulations, holding firm to its ban on all forms of betting. Despite repeated attempts in recent years to change this, lawmakers i...

Michigan’s Online Gambling Revenue Sets Record in 2024

Michigan’s online gambling industry hit unprecedented heights in 2024, as commercial and tribal operators collectively generated a remarkable $2.9 billion in gross receipts from iGaming and sports betting. This...

Queensland Premier Signals Tough Stance on Star Entertainment Amid Financial Crisis

Queensland Premier David Crisafulli has voiced deep concerns over Star Entertainment's failure to honor its commitments in the state, particularly regarding the Queen’s Wharf development in Brisbane. As the com...

Virginia Casinos See Big Revenue Gains in 2024, Led by Rivers Casino Portsmouth

In 2024, Virginia’s three casinos posted impressive gains, with a total of nearly $732 million in adjusted gaming revenues (AGR), marking an almost 32% increase from the previous year. The state's gambling sect...

PAGCOR Cuts E-Games Fees to Strengthen Legal Market

The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a further reduction in Electronic Games (E-Games) fee rates, bringing them down from 35% to 30% effective January 1, 2025. This decision is...