The Thai government is moving forward with discussions on the legalization and regulation of online gambling, according to Deputy Prime Minister Prasert Jantararuangtong. This initiative is part of a broader strategy that includes establishing the country’s first casino by 2029. Speaking to local media, Prasert emphasized the need for collaboration among various government ministries to draft and approve the
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For the third consecutive year, wagering on US horse racing has declined, with a total handle of $11.26 billion in 2024, representing a 3.35% drop from the previous year’s $11.65 billion. December marked the largest monthly decline, with wagering falling by 14.44% compared to the same period in 2023, according to Equibase. This downturn is a continuation of an
The Las Vegas Strip, which is also known as the cornerstone of America’s gaming industry, faced its fourth consecutive year-over-year (YoY) revenue decline in October 2024, according to a recent report by the Nevada Gaming Control Board (NGCB). Gross gaming revenue (GGR) for the state totaled $1.28 billion for the month, which is a 2%
Las Vegas tourism in November 2024 reflected mixed outcomes, with overall visitation slightly increasing but many other key metrics declining. According to the Las Vegas Convention and Visitors Authority (LVCVA), visitor volume grew by 0.6% year-over-year to 3.3 million, thanks in part to the Formula One Las Vegas Grand Prix and the Specialty Equipment Market Association trade show. November tourism overview:
Codere Online Luxembourg, S.A. is grappling with a securities fraud investigation and the potential delisting of its shares from Nasdaq. The developments follow the resignation of its auditor, Marcum LLP, and growing investor concerns regarding the company’s internal controls and financial transparency. On December 27, 2024, Codere disclosed to the U.S. Securities and Exchange Commission
Sweden’s gambling authority, Spelinspektionen, has taken decisive action against Versus Odds B.V., the operator of Fortunepanda.com, for violating Swedish gambling regulations. This immediate ban, announced (pdf) on January 2, 2025, underscores the regulator’s commitment to protecting Swedish consumers and maintaining gaming safety. The investigation into Versus Odds B.V. was triggered by suspicions of unlicensed gambling
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,
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
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
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
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
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
Macau’s casino industry demonstrated significant recovery in 2024, with gross gaming revenue (GGR) reaching MOP226.78 billion (US$28.34 billion), a 23.9% increase from the previous year. This growth reflects the city’s ongoing rebound from the COVID-19 pandemic, aided by the reopening of international borders in early 2023. Despite a strong year overall, December posted a 2%
Mohegan Gaming & Entertainment has released its financial outcomes for the fourth quarter and fiscal year ending September 30, 2024, highlighting strong revenue growth while grappling with substantial liquidity and debt challenges. The company has achieved record-breaking net revenues but also faces critical hurdles tied to its South Korean project and upcoming debt maturities. The
Brazil’s Ministry of Finance has released an official list of licensed operators for fixed-odds sports betting and online gaming, effective January 1, 2025. The Prizes and Betting Secretariat (SPA) outlined that the authorization process included 15 definitive licenses valid through 2029 and 66 provisional ones requiring compliance adjustments within a 30-day timeframe. The newly published
The MLB Players Inc. (MLBPI), a subsidiary of the MLB Players Association, has contested claims by DraftKings and bet365 that their use of baseball player likenesses falls under the protections of freedom of speech and the press. The lawsuit, filed in the Eastern District of Pennsylvania, accuses the operators of unauthorized usage of player images
Wazdan has received approval from Spillemyndigheden, Denmark’s gambling authority, allowing the company to offer its extensive portfolio of games to operators across the country. This milestone strengthens Wazdan’s position as a prominent player in regulated markets, expanding its reach in the European gaming industry. Entering Denmark’s regulated market: The acquisition of the Danish license marks
Phil Hellmuth, poker’s self-proclaimed “Poker Brat”, was eliminated in dramatic fashion on the stone bubble of the $50 million guaranteed World Series of Poker (WSOP) Paradise Super Main Event at Atlantis Paradise Island, Bahamas. The 17-time WSOP bracelet winner, with wins stretching from 1989 to 2023, fell just short of a $50,000 minimum payout as
Sands China has announced a new initiative to reward its employees with both a discretionary bonus and a salary increase, underscoring its commitment to team member recognition. As stated in a press release cited by Macau Business, eligible full-time employees will receive a bonus equivalent to one month’s salary on January 27, 2025. This initiative
Tom Horn Gaming, a renowned iGaming software provider, has introduced its latest creation, Pantera Rica. This visually stunning video slot takes players deep into the lush tropical rainforest, offering an immersive gaming experience filled with vibrant visuals, engaging features, and exciting opportunities to win. The game will be available across Tom Horn Gaming’s network of operators starting