Casino News

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

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

The Coney, a proposed casino in Brooklyn’s Coney Island neighborhood in New York, has stirred significant attention, with developers announcing plans to establish a $200 million community trust fund if their gaming license is approved. The promise of this trust fund comes amid growing debate over the impact of the casino on the historic area, with

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

Rivers Casino Philadelphia faces legal challenges after disclosing a data breach that exposed sensitive customer information. Hackers reportedly accessed personal data, prompting multiple lawsuits and investigations. In a statement released to Action News, Jack Horner, a spokesperson for the casino, confirmed the incident, explaining that an unauthorized actor infiltrated the casino’s IT network and accessed

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

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

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:

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,

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%

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

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

Allwyn, a prominent multinational lottery operator, has taken a significant step in expanding its presence in the iGaming sector by acquiring a 51% stake in Novibet. This strategic investment, valued at €327 million, will enable Allwyn to enhance its technological and operational resources while broadening its footprint across Europe and South America. Novibet, a growing online sports

The upcoming New Year’s Eve celebration in Las Vegas promises to be a spectacle like no other as the city prepares to host “America’s Party 2025.” Featuring a dynamic mix of fireworks, music, and hourly global countdowns, the event is set to attract over 340,000 visitors. This year, the Sphere has joined the festivities as an official countdown

Lawmakers in New Hampshire are exploring ways to restructure charitable gaming, including placing limits on the annual revenue that a single nonprofit can receive from casino donations. This potential cap is part of a bill introduced by State Representative Dick Ames, D-Jaffrey, who aims to create a more equitable system for distributing funds among charities.

Las Vegas Sands Corp. and its subsidiary, Sands China, have once again been recognized on the prestigious Dow Jones Sustainability Indices (DJSI), marking a significant achievement in their ongoing commitment to environmental, social, and governance (ESG) excellence. For the fifth consecutive year, Las Vegas Sands has earned placements on both the DJSI World and DJSI North America, while Sands

The potential closure of casinos in Corfu and Alexandroupoli appears imminent after Greek authorities seized the assets of their owner, Konstantinos Piladakis. The Anti-Money Laundering Authority issued the order, alleging that Piladakis concealed the beneficial ownership of entities Invictus and Glafka Capital, according to eKathimerini.com. This alleged misrepresentation reportedly misled credit institutions and nonperforming loan

Ireland’s Gambling Regulatory Authority (GRAI) is working closely with major banks to implement voluntary blocks on gambling-related transactions made with credit and debit cards. This initiative is part of a broader effort to strengthen consumer protections as the country moves toward establishing a fully regulated gambling market. Collaboration with banks to enhance gambling safeguards: According to Irish Examiner,

Betfred, a leading British sportsbook, is scaling back its operations in the United States, further reducing its footprint as the challenges for smaller betting operators intensify. Recent closures include the termination of its land-based sportsbook at Silver Reef Casino Resort in Washington. The operation ceased on December 16, with the final bets placed the day before, according