News
Thai Government Advances Casino Bill Amid Economic Focus
Thailand’s government has taken a significant step towards legalizing gambling with the approval of a controversial bill that would permit casinos to operate within entertainment complexes. The proposal, which aims to enhance tourism and address illicit gambling, marks a shift in the country’s longstanding approach to gaming laws. The draft law, approved by the Thai […]
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Chicago’s Casino Gamble Faces Challenging Start; Hopes Rest on Permanent Facility
Chicago’s ambitious attempt to ease its financial struggles through a casino has not yielded the expected results, according to a recent City Council report. The temporary casino at River North’s Medinah Temple, which opened in September 2023, has significantly underperformed, with only $63.2 million in new tax revenue generated in the past 16 months. Chief Financial Officer Jill Jaworski presented these figures during […]
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Melco Eyes Thai Casino Market with Bangkok Expansion
Macau-based casino operator Melco Resorts & Entertainment has taken significant steps toward entering Thailand’s entertainment and gaming sector. The company has established a new office in Bangkok as it explores potential opportunities in the country. This development coincides with Melco’s collaboration with the Thailand Creative Culture Agency (THACCA) to amplify Thailand’s position as a global […]
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Greentube Alderney Hit with £1 Million Fine by UKGC for AML and Social Responsibility Failures
The UK Gambling Commission (UKGC) has imposed a £1 million fine on Greentube Alderney, which operates the Admiral Casino brand, after the company was found to have failed repeatedly in its obligations to adhere to both anti-money laundering (AML) and social responsibility regulations. The fine was levied after an in-depth investigation revealed multiple violations spanning from September 2022 to June […]
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Trends That Showcase a Change in Online Gambling Habits
The revenue of online gambling in the US alone amounts to roughly $25 billion for the year of 2024. This clearly showcases that this industry is in high demand. Many changes have occurred over the past decade, that have contributed to this rise in popularity. This article aims to shed light on these. Online gambling […]
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US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue
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 […]
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Las Vegas Tourism Shows Mixed November Trends as Formula One Impact Wanes
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: […]
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Fortunepanda’s Versus Odds Banned by Swedish Regulator for Illegal Gambling
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 […]
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Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth
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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Macau’s 2024 Gaming Revenue Rebounds, Exceeding Government Projections
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% […]
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