Economy/Finance

Vietnam Police Bust $1.2 Billion Money Laundering Operation

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Vietnam
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

Vanja Mitic
Hawaii, Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, 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

Vanja Mitic
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Financial Press Releases, Michigan
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

Vanja Mitic
Gaming Law & Legislation, Casino Destinations, Australia, Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Oceania Casino News, Financial Press Releases
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

Vanja Mitic
Virginia, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Financial Press Releases
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

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Taxation, Licensing, Taxes, Philippines
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...

Mechoopda Casino Faces Closure, Tribe Eyes Future Economic Growth

Vanja Mitic
Tribal Gaming, Tribal Gaming, U.S.A., Casino Destinations, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Casino closures, California, Economy/Finance
The Mechoopda Indian Tribe has announced the suspension of operations at its casino in Oroville, California, less than a year after it first opened its doors. The decision was made by the Mechoopda Economic Gam...

Gulfstream Park’s Future Uncertain Amid Legislation to Decouple Racing and Casino Operations

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Florida
Gulfstream Park, a prominent horse racing venue in Hallandale Beach, Florida, faces an uncertain future. The Stronach Group, which owns the facility, has warned that live thoroughbred racing at the track may en...

New Jersey’s Gaming Revenue Soars in 2024, but Atlantic City Faces Decline in Land-Based Casino Earnings

Vanja Mitic
Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New Jersey
New Jersey’s gaming sector reached unprecedented heights in 2024, achieving a record total revenue of nearly $6.3 billion. This figure marks a significant 9% increase over the previous year, primarily fueled by...

Bally’s Requests Property Tax Discount for $1.7B Chicago Casino Project Amid Ongoing Struggles

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Illinois
Bally’s, a Rhode Island-based gambling company, is seeking a significant property tax break to support its $1.7 billion integrated casino and hotel project along the Chicago River, Illinois. The venue, planned ...