Month: July 2024

The New Zealand government has announced its plan to regulate online casinos through a comprehensive licensing framework designed to minimize harm, support tax collection, and ensure robust consumer protections. This significant move marks the first time New Zealand will regulate online casino activities, with the new system expected to be in place by 2026. Comprehensive
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Brooke van Velden, Minister of Internal Affairs, announced that the New Zealand government has adopted a comprehensive approach to regulating online casinos. The new system, set to launch in early 2026, focuses on minimizing harm, ensuring robust tax collection, and providing substantial consumer protections. “There will be a licensing system for online casinos, where operators
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Las Vegas Sands is actively seeking support from business and city leaders in North Texas for the legalization of gambling and the development of destination resorts, including casinos. This initiative comes ahead of the 2025 legislative session, as the company, whose leadership owns the Dallas Mavericks, aims to bolster its lobbying efforts in the region.
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When will the Tropicana implosion happen? We have a pretty good idea now that the permits have been filed! But could a buyout of Bally Corp. put the new Vegas baseball stadium deal in jeopardy? [embedded content] The Tropicana Resort in Las Vegas has been picked bare and now an implosion permit application has been
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The General Commercial Gaming Regulatory Authority (GCGRA), the federal body overseeing commercial gaming activities in the United Arab Emirates, announced today the award of the first authorized lottery license to The Game LLC. This milestone marks a significant step in establishing a well-regulated commercial gaming sector in the UAE, built on principles of transparency, accountability,
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BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to surpass earlier projections. This news comes as the company aggressively ramps up its marketing strategies to compete in a fiercely competitive sports betting market. Financial performance and market challenges: In a detailed financial update,
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Prime Minister Hun Manet has announced a ban on new casino developments in Cambodia’s Kep and Kampot provinces, with exceptions only for existing operations on Bokor Mountain. This decision aims to promote investment diversification in sectors such as tourism, manufacturing, and agriculture, and to enhance cultural and religious preservation, as well as maintain order in
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Bally Corporation, who purchased the Tropicana and agreed to provide land for the new Las Vegas baseball stadium, has agreed to a $4.6 billion buyout offer from their largest shareholder, Standard General. This massive move has some people asking if the change in leadership will have an impact on the deal already in place. A
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President Ferdinand R. Marcos Jr., addressing the nation during his third State of the Nation Address (SONA), announced a resolute ban on Philippine Offshore Gaming Operators (POGOs). This move comes after escalating controversies linked to the sector, ranging from financial scams to violent crimes, have sparked widespread demands for action. Presidential Directive: Immediate POGO Ban
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International Game Technology PLC and Everi Holdings Inc., two prominent players in the gaming industry, have been acquired by a new holding company under Apollo Global Management, Inc. This all-cash transaction, valued at about $6.3 billion, brings both businesses under the umbrella of Apollo’s managed funds in a move that significantly reshapes the gaming landscape. Details of
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Reno-based casino company Monarch Casino & Resort, which operates Reno’s Atlantis Casino Resort and the Monarch Casino Resort in Black Hawk, Colorado, has reported record financial results for the second quarter of 2024, driven by strong performance at its Black Hawk property. The company achieved net revenue of $128.1 million, marking a 3.6% increase year-over-year.
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