In the Philippines, the Government Service Insurance System (GSIS) has come under intense public and legislative scrutiny following revelations of its more than PHP1 billion investment in DigiPlus Interactive Corp., a company linked to online gambling. Amid mounting concerns from lawmakers and the public, the state-run pension fund has responded by asserting its financial stability and reaffirming its dedication to...
In a groundbreaking development set to transform how football fans consume the game, ESPN and the National Football League (NFL) have reached a transformative agreement that will see ESPN acquire NFL Network and other major NFL media properties. In exchange, the NFL will receive a 10% ownership stake in ESPN, which is currently 80% owned by Disney and 20% by...
Plans by the Osage Nation to establish a casino and hotel at the Lake of the Ozarks are advancing, as a newly issued federal environmental study provides the clearest picture yet of what the development could entail. The 83-page Draft Environmental Assessment (EA), released by the Bureau of Indian Affairs (BIA) under the U.S. Department of the Interior, evaluates multiple...
Light & Wonder, Inc. (L&W), a global leader in gaming and entertainment, has reported its second-quarter results for 2025, showcasing continued earnings growth and a strong strategic direction despite some revenue challenges. The company also made an important announcement regarding its market presence, with plans to delist from the Nasdaq and consolidate its primary listing on the Australian Securities Exchange (ASX) by the end of November 2025. Earnings Report...
The latest rankings of the Philippines’ wealthiest entrepreneurs, as compiled by Forbes for 2025, reveal that the Sy siblings, Enrique Razon Jr., and Manuel Villar continue to lead the pack. Despite the ongoing economic fluctuations and challenges in the market, these casino magnates remain at the forefront of the nation’s richest individuals. The Sy Family: Leading the List Despite a Drop The Sy siblings, heirs to the late retail...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the operator behind the renowned Okada Manila resort in the Philippines, has revealed a significant leadership change, with current President and Chief Operating Officer Byron Yip set to step down in mid-September 2025. This announcement marks the conclusion of Yip’s impactful seven-year tenure, during which he was instrumental in shaping the resort into a premier gaming and entertainment destination...
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 highlights the strength of DraftKings’...
In a surprising reversal, the Maryland State Lottery and Gaming Control Agency (MLGCA) has withdrawn its previous decision to award Intralot, Inc., the contract for the state’s Central Lottery Monitoring and Control System, following a deeper review of the company’s bid. The contract, initially valued at approximately $260 million over a 10-year term, was rescinded due to concerns over Intralot’s...
A coalition of 50 U.S. attorneys general has united to urge the U.S. Department of Justice (DOJ) to take decisive action against the growing presence of illegal offshore gambling platforms. These platforms operate outside the scope of U.S. laws, bypassing regulations meant to protect consumers, evade taxes, and undermine state-regulated gaming markets. In a letter directed to U.S. Attorney General Pam Bondi, the bipartisan group...
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 proposal, the entry fees would...