Economy/Finance

The 13 Hotel in Macau Changes Hands After Discounted Sale

Vanja Mitic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Macau
The 13 Hotel, a luxury property in Macau long associated with financial troubles and unfulfilled ambitions, has reportedly been sold after several unsuccessful sale attempts. While the buyer's identity and fina...

AGI Announces PHP59 Billion Investment for 2025 Expansion

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Casinos of the Philippines, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Philippines
Alliance Global Group Inc. (AGI) has announced a significant capital expenditure (capex) of PHP59 billion ($1 billion) for the year 2025, signaling a robust plan for expansion across its diverse portfolio. The ...

Pennsylvania Gaming Revenue Hits Record $601.8 Million in May 2025

Vanja Mitic
Latest Casino and Gambling News, U.S.A., Online gaming software, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, Pennsylvania
In May 2025, Pennsylvania's gaming industry achieved a historic milestone, surpassing $600 million in total revenue for the first time ever. According to the Pennsylvania Gaming Control Board (PGCB), the state'...

Cirsa IPO Announcement: Blackstone’s Move to Raise €460M in Spain’s Gaming Market

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases, Spain
Blackstone’s Cirsa, a prominent player in the Spanish gaming industry, is preparing for its long-awaited initial public offering (IPO), aiming to raise approximately €460 million. This move signals Blackstone’s...

Wyoming Legislature Proposes Significant Tax Increases on Gambling Industries

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Horse Racing, Taxation, Online Gambling News, Sports betting, Taxes, Wyoming
A legislative committee in Wyoming has proposed sweeping tax hikes targeting the state's gambling sector, signaling a move to tighten regulations and capture a larger share of the growing revenue from gaming ac...

Virginia Casinos Break Revenue Records in May as Hard Rock Bristol Sets New Highs

Vanja Mitic
Virginia, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases
Virginia’s gaming industry set a new benchmark in May 2025, as casinos in the state collectively reported adjusted gaming revenues (AGR) totaling $85.39 million, a significant increase from April’s $78.76 milli...

Entain Increases BetMGM 2025 Revenue Forecast Following Strong US Performance

Vanja Mitic
Latest Casino and Gambling News, U.S.A., Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases
Entain plc, the renowned global sports betting and gaming company, has raised its full-year 2025 revenue forecast for its joint venture with MGM Resorts International, BetMGM. This update comes as a result of c...

DraftKings to Charge Per-Bet Fee in Illinois Starting September

Johnny K.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Illinois
DraftKings has announced that it will begin charging Illinois customers a 50-cent fee on every online and mobile sports wager starting September 1, 2025. This new charge comes in response to a recently passed t...

Swedish Government Plans Total Ban on Gambling with Credit

Vanja Mitic
Sweden, Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases
Sweden is preparing to introduce a far-reaching ban on gambling with credit in a move aimed at protecting consumers and promoting a more sustainable gaming environment. Under the newly proposed legislation, gam...