Economy/Finance

Imperial Pacific Seeks Court Approval to Sell Saipan Hotel Casino and Assets for $10M

Vanja Mitic
Casino Sales, Latest Casino and Gambling News, Casino News, Unsavory reports, World Casino News, Gaming Industry News, Economy/Finance, Bankruptcy, Northern Mariana Islands
Imperial Pacific International (IPI), a Chinese investment holding company based in Hong Kong, is making headlines as it seeks federal bankruptcy court permission to sell its hotel casino in Saipan, Northern Ma...

Michigan’s iGaming and Sports Betting Revenues Surge in July

Johnny K.
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, Michigan
Michigan's iGaming and sports betting operators reported a robust performance for July 2024, with combined gross receipts hitting $220.86 million. This marked a 3.2% increase from the previous month, demonstrat...

Borgata Fined $75,000 by DGE for Overstating iGaming Promo Credits on BetMGM Platform

Vanja Mitic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Fines, Lawsuits & Litigation, New Jersey
The New Jersey Division of Gaming Enforcement (DGE) has fined Borgata Casino $75,000 following an audit that revealed significant overstatements of iGaming promotional gaming credits (PGCs) on the BetMGM platfo...

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Online Gambling News, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud
Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordina...

Norfolk’s Proposed Resort Casino Undergoes Changes: A Name Rebrand and Design Adjustments

Vanja Mitic
Tribal Gaming, Virginia, U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, Tribal Gaming, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance
In a recent Architectural Review Board (ARB) meeting on Monday, August 19th, the development team behind Virginia’s long-awaited casino project hinted that the name “Headwaters Resort & Casino” might no lon...

Proposed Casino Cosmopol Closure Could Escalate Illegal Gambling in Sweden

Vanja Mitic
Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, World Casino News, Casino closures, Gaming Industry News, Economy/Finance, European Casino News
Spelinspektionen, the Swedish gambling regulator, has expressed significant concerns regarding the proposed discontinuation of Casino Cosmopol, Sweden's state-owned land-based casino. The government's decision ...

Bally Bet Debuts in Massachusetts with Promising July 2024 Revenue Figures

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, Massachusetts
The Massachusetts Gaming Commission has unveiled the gaming revenue figures for July 2024, revealing a robust performance across the state's casino and sports wagering sectors. The report indicates that the thr...

US Commercial Gaming Revenue Hits Record $17.63 Billion in Q2

Vanja Mitic
U.S.A., Online gaming software, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases
The U.S. commercial gaming sector has hit a new milestone with its revenues reaching $17.63 billion in the second quarter of 2024, as reported by the American Gaming Association’s (AGA) Commercial Gaming Revenu...

Nevada Regulators Pursue Resorts World on Laundering Charges

Vanja Mitic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Money Laundering, Illegal Bookmaking, Crime, Fines, Lawsuits & Litigation, Nevada
Nevada's gaming watchdog has lodged a formal complaint against Resorts World, accusing the establishment of fostering an environment conducive to money laundering linked to illicit bookmaking activities. This 3...

Sportradar Boosts 2024 Outlook After Strong Q2 Performance

Vanja Mitic
Latest Casino and Gambling News, Online gaming software, World Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
Sportradar has announced a notable increase in its financial performance for the second quarter of 2024. The company experienced a 29% year-over-year growth in revenue, reaching €411.6 million, and a 22% increa...

Flutter Raises Earnings Forecast After Strong Q2, Rejects U.S. State Surcharge

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases
Flutter Entertainment has significantly raised its full-year earnings forecast following a surprisingly strong second quarter, choosing not to impose a surcharge on customers in high-tax U.S. states. This strat...

EveryMatrix Debuts in Ontario with DraftKings Amid Record Growth

Johnny K.
Online gaming software, Latest Casino and Gambling News, Canada, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Ontario, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Financial Press Releases
EveryMatrix, a leading iGaming technology supplier, has successfully launched its casino content in Ontario, Canada, with DraftKings, one of North America's premier operators. This marks another significant ste...