News
Penn Entertainment Shows Strong Q2 Performance Despite Ongoing Market Pressures
Penn Entertainment, Inc. (PENN) reported a mixed financial performance for the second quarter of 2025, with solid results from its retail properties but challenges in its Interactive division. The company achieved $1.4 billion in retail revenue for the quarter, which matched expectations and was a notable increase of 6% over the same period in 2024. This performance, however, was […]
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DraftKings Sets New Records in Q2 2025, Boosted by Strong Customer Engagement and Sportsbook Performance
DraftKings Inc. has achieved remarkable financial results for the second quarter of 2025, setting new company records for revenue, net income, and adjusted EBITDA. The U.S.-based digital sports entertainment and gaming giant posted a revenue of $1.51 billion, marking a 37% year-on-year increase and a $408 million gain from the same period in 2024. This stellar performance […]
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Vietnam Seeks Higher Casino Entry Fees for Locals to Simplify Gambling Access
Vietnam’s Ministry of Finance has introduced a proposal to increase casino entry fees for residents in an effort to simplify the process of verifying financial eligibility to gamble. The new policy would remove the need for locals to provide documentation of their income, a challenge that has proven difficult to manage in past gambling trials. Under the new […]
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NSW Extends $5,000 Cash Cap at Star Sydney Casino to 2027
The New South Wales Government has extended the existing AU$5,000 ($3,100) daily cash transaction cap for gamblers at The Star Sydney until August 19, 2027, shelving plans to enforce a lower AU$1,000 limit that was initially scheduled to take effect in 2025. The move marks the second time the implementation of stricter cash controls has been delayed. Concerns Over Jobs, Cash Flow, and […]
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Jeju Dream Tower Sets New Casino Revenue and Visitation Records in July
Jeju Dream Tower, the premier foreigner-only integrated resort on South Korea’s Jeju Island, reported unprecedented growth in July 2025, setting new benchmarks in casino revenue, gaming volume, and guest visitation. The property, operated by Lotte Tour Development, experienced a dramatic rise in casino sales, which reached KRW43.4 billion (approximately US$32.5 million), up 90.1% compared to […]
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Playtech Forecasts €90M H1 2025 EBITDA Amid Strategic Refocus
Playtech has announced that it anticipates adjusted EBITDA of no less than €90 million for the first half of its 2025 financial year, according to a recent trading update. While this forecast reflects a sharp decline from the €243 million reported in the same period last year, the gaming technology supplier emphasized that the business […]
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Macau Casinos Achieve Record Post-Pandemic Gaming Revenues in July 2024
Macau’s casino industry is thriving, as the Gaming Inspection and Coordination Bureau (DICJ) reports that gross gaming revenue (GGR) reached a remarkable MOP 22.13 billion (USD 2.73 billion) in July 2024. This marks a 19% increase compared to the same month in the previous year, setting a new record for post-pandemic performance. Casino Performance Surpasses Pre-Pandemic Levels July’s results […]
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New Jersey Lawmakers Push for Ban on Micro-Betting to Curb Gambling Risks
A newly introduced bill in New Jersey aims to curb the risks associated with micro-betting, a fast-paced form of in-game sports wagering. Assemblyman Dan Hutchison, a key proponent of the bill, introduced Assembly Bill A5971 with the intent to ban sports betting operators from offering “micro-bets.” This form of betting allows gamblers to place wagers on immediate, game-specific outcomes, such as the result of […]
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Betfair Fined for Violating Australia’s Spam Laws and Failing VIP Customer Consent
Betfair Pty Limited, an Australian online betting exchange, has been ordered to pay a penalty of AU$871,660 after being found guilty of breaching Australia’s Spam Act. An investigation by the Australian Communications and Media Authority (ACMA) uncovered that Betfair had sent 148 emails and text messages to its VIP customers between March and December 2024. These communications were sent to […]
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MGC Fines DraftKings $450K for Credit Card Betting Breaches
The Massachusetts Gaming Commission (MGC) has fined DraftKings $450,000 for failing to prevent the use of credit card funds in online sports betting—an explicit violation of the state’s gambling laws. The breach, which spanned from March 10, 2023, to February 13, 2024, involved more than 1,100 bets placed by 218 customers using 242 credit card deposits totaling $83,667.92. Regulators Cite Persistent […]
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