News
MGM Resorts and Grupo Globo Partner to Enter Brazil’s Thriving Sports Betting Market
MGM Resorts International, a global leader in gaming and entertainment, has partnered with Grupo Globo, Latin America’s largest media conglomerate, to establish a new venture aimed at securing a sports betting and iGaming license in Brazil. This strategic alliance, if approved, is poised to launch operations under the BetMGM brand in early 2025, marking a […]
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Galaxy Entertainment Reports Record Post-COVID Growth in Q2 2024
Galaxy Entertainment Group (GEG) has announced a substantial increase in gross gaming revenues, achieving HK$10.3 billion (US$1.32 billion) for the second quarter of 2024. This marks a significant 35.0% rise from the previous year and a 7.4% increase from the preceding quarter, heralding it as the largest quarter post-COVID. Key performance highlights: The strong performance in the second quarter […]
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Missouri Sports Betting and Minimum Wage Initiatives Head to Ballot
In Missouri, two major initiatives have successfully made their way onto the November 5 ballot, reflecting a significant bypass of the state legislature. The Secretary of State, Jay Ashcroft, confirmed that a proposed constitutional amendment for legalizing sports wagering and a statutory change to raise the minimum wage gathered the required signatures across six congressional districts. Sports betting […]
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NagaCorp Sees Financial Shift from Vladivostok Casino Revaluation
NagaCorp Ltd, a prominent casino operator listed in Hong Kong and operator of the NagaWorld casino resort in Phnom Penh, is grappling with financial uncertainties due to a significant revaluation of its stalled casino resort project in Primorye, near Vladivostok, Russia. The company has projected its first-half financial results will reflect these changes, showing either a […]
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D.C. Attorney General Investigates Intralot Over Sports Betting Mismanagement
D.C. Attorney General Brian Schwalb is intensifying scrutiny on Intralot, the Greek company behind Washington, D.C.’s sports betting operations, by demanding key documents as part of a broader investigation into the management of the city’s sports betting contract. This inquiry emerges as the contract approaches its expiration, amidst allegations that the company has not fulfilled […]
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Philippines Casino Revenue Drops in Q2 2024 Amidst E-Games Boom
Combined gross gaming revenues (GGR) for licensed casinos in the Philippines saw a 4.3% year-over-year decrease to Php49.48 billion (US$864 million). This slight decline was followed closely by first quarter GGR of Php49.68 billion (US$867 million). Despite the downward trend in traditional casino revenues, the overall gaming industry in the Philippines experienced robust growth, thanks to […]
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Bragg Gaming Achieves Record Revenue in Q2; Partners with Kero Sports
Bragg Gaming Group Inc. has announced an impressive record revenue of EUR 24.9 million for the second quarter of 2024, underscoring its robust performance across multiple iGaming markets and product verticals. This milestone represents a marginal increase from the previous year, indicative of the company’s sustained growth and strategic expansions. The quarter saw Bragg not […]
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Macau Tightens Casino Regulations with New Criminal Penalties
In a significant move to combat gambling crimes, the Macau government is set to criminalize unlicensed money exchange activities within casino premises, escalating the crackdown on informal financial practices that have long been a gray area in the region’s bustling casino industry. As announced by veteran legislator Chan Chak Mo, who heads the committee scrutinizing […]
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Nassau Coliseum to Become $6 Billion Casino Resort
The ambitious plan to transform the Nassau Coliseum in New York State into a $6 billion Las Vegas Sands casino and resort complex has taken a significant step forward. After a crucial vote on Monday, tensions that had been building within the Nassau County legislative chambers were momentarily resolved. Lawmakers voted to transfer the 72-acre property […]
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U.S. Democrats Advocate for 2024 Election Betting Ban
A group of Democratic lawmakers is advocating for a ban on betting in relation to the 2024 Presidential election, emphasizing the potential for such activities to undermine the democratic process. This concern is highlighted in a recent communication to Rostin Benham, the Chairman of the US Commodity Futures Trading Commission (CFTC), where they expressed fears […]
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