Economy/Finance

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

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

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

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

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

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

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

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

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

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

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

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

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...