Month: January 2025

South Korea’s Paradise Co, a leader in the foreigner-only casino market, closed 2024 with an impressive 10.2% growth in casino revenue, reaching KRW818.8 billion (US$556 million). This marks a significant improvement over the KRW742.9 billion (US$507 million) recorded in 2023, reaffirming its stronghold in the gaming industry. Annual performance highlights: The year’s growth was primarily fueled by table games,
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DraftKings and Fanatics Sportsbook have settled their high-profile legal battle over former DraftKings executive Michael Hermalyn’s move to the rival sportsbook. The confidential settlement, as reported by Reuters, finalized on December 22, brings an end to the litigation. The U.S. District Court for the District of Massachusetts dismissed the case with prejudice, meaning the issue
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CSCEC Bahamas Ltd. (CSCECB), CCA Bahamas Ltd. (CCAB), and CCA Construction, Inc. (CCA) have initiated an appeal against the $1.6 billion judgment awarded to Sarkis Izmirlian, the original developer of the Baha Mar resort. The defendants argue the trial court made significant legal mistakes and overlooked key evidence, asserting the verdict should be overturned. The
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The Netherlands Gaming Authority (Kansspelautoriteit, KSA) has rolled out a new general fine policy, effective January 1, 2025, aimed at improving the enforcement of gambling regulations. This updated policy sets a standardized structure for penalties across the industry, ensuring greater clarity and consistency for license holders and other regulated entities. The fine structure divides violations
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Hacksaw Gaming has introduced a uniquely chilling gaming experience with its latest release, Klowns, blending dark humor and exciting slot mechanics. This 6×5 scatter-paying slot immerses players in a circus of nightmares, led by two eerie characters, Lester and Jester. With a maximum win of 10,000x your bet, Klowns invites daring players to embrace its thrilling gameplay. Gameplay mechanics and features: Klowns
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For the second time since the legalization of sports betting in Ohio, the state achieved a remarkable milestone, with total wagers surpassing $1 billion in a single month. November 2024 saw Ohio sportsbooks collectively handle $1.03 billion in bets, making it the second-highest monthly total since the market launched in January 2023. A flourishing market dominated by online betting: Online
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The Philippine government is ramping up its efforts to enforce a nationwide ban on Philippine Offshore Gaming Operators (POGOs), focusing on the deportation of over 11,000 foreign nationals involved in these operations. This crackdown follows President Ferdinand Marcos Jr.’s directive to eliminate the disruptive influence of POGOs on the nation. Thousands of workers face deportation: According to the Bureau of
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On January 1, 2025, Brazil officially launched its fully regulated fixed-odds betting market, marking a new chapter for online gambling in the country. The move follows years of legislative and regulatory hurdles that began with the approval of betting legislation in 2018 under then-President Michel Temer. After substantial delays and revisions, the law was finalized
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Affiliate business Gambling.com Group has completed the previously announced acquisition of Odds Holdings, Inc., the parent company of sports betting odds comparison site OddsJam. The purchase closed on January 1, 2025, “as planned and on schedule.” Upon announcing the deal in late 2024, Gambling.com Group billed the acquisition as a “strategic and substantial step” towards
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MGM Resorts International is expected to rely heavily on its online gambling platform BetMGM to drive growth in 2025, according to a recent note from Deutsche Bank. Analyst Carlo Santarelli highlighted a shift in investment focus toward digital operations as MGM’s brick-and-mortar casino business faces challenges in sustaining revenue growth. Santarelli’s analysis forecasts MGM’s strategy
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A bill that would set up entertainment complexes across Thailand focuses more on having casinos rather than providing clarity about how the country will benefit from the revenue, the Stop Gambling Foundation says. The anti-gambling group has slammed the Entertainment Complex Bill, which the Finance Ministry plans to present to cabinet this month. Bangkok Post
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Westgate Las Vegas has extended performing legend Barry Manilow an unprecedented Lifetime Residency. Manilow has accepted this extraordinary honor, further cementing his enduring legacy at the iconic International Theater. Manilow reached a new milestone earlier this year when he surpassed Elvis Presley’s record of 636 performances at the venue. The announcement of a Barry Manilow
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