Vietnam’s The Grand Ho Tram resort casino in Ba Ria–Vung Tau Province officially broke ground on a significant US$1 billion expansion project, marking a major milestone in the development of the southern coastal area as a luxury tourism and hospitality hub. The new addition, spread across 35 hectares in Xuyen Moc District, will feature more than 6,000 rooms and is expected...
The long-anticipated revival of the Grand Lucayan Resort has taken a significant leap forward, as Concord Wilshire Capital (CWC) signed a Heads of Agreement with the Government of The Bahamas to invest $827 million in the iconic Freeport property. The agreement, finalized on May 14 at the resort, marks a pivotal moment for Grand Bahama’s tourism sector and economic future. Comprehensive resort village to drive economic growth:...
Japan is stepping up efforts to combat illegal online gambling as reports reveal millions of residents wager billions of yen on overseas sports betting sites and online casinos, activities currently prohibited under Japanese law. Recent data from a Tokyo-based sports organization and the National Police Agency highlight a rapidly expanding cross-border gambling market, prompting a coordinated political response to tighten regulations. Explosive growth of illegal...
Macau’s public finances experienced a modest contraction during the initial four months of 2025, as overall revenue declined by 4.95% compared to the same stretch in 2024. Data released by the Financial Services Bureau (DSF) and cited by Macau Business reveal that the government collected approximately MOP34 billion (US$4.25 billion) in current revenue during this period. The primary cause of...
Evolution has unveiled Super Color Game, a lively and fast-paced live casino dice game that combines cultural tradition with cutting-edge design to create a uniquely engaging player experience. Developed with the Philippine market in mind, the game is inspired by a classic Filipino carnival game, capturing its visual vibrancy and simplicity while adding modern live dealer dynamics and exciting multiplier features. A live casino...
HG Vora Capital Management has intensified its confrontation with Penn Entertainment, seeking to secure greater influence on the board amid mounting dissatisfaction with the company’s strategic direction and financial performance. The activist investor, which holds a 4.8% equity stake in the gaming operator, is pushing to install three independent directors at Penn’s upcoming annual meeting scheduled for June 17. The...
Gambling operator Spreadex Limited has been fined £2,022,000 following a Britain’s Gambling Commission investigation that uncovered significant shortcomings in its anti-money laundering (AML) and social responsibility practices. The penalties stem from compliance failures identified during an assessment in July 2023, related to Spreadex’s licence for casino and fixed odds betting operations via Spreadex.com. Serious AML failures uncovered: The regulator found that Spreadex’s Money Laundering and Terrorist Financing (ML/TF)...
Flutter Entertainment, the global leader in online sports betting and iGaming, announced on May 14, 2025, the completion of its acquisition of a majority 56% stake in NSX Group, the operator behind the prominent Brazilian sportsbook brand Betnacional. The cash deal, valued at approximately $350 million, marks a significant step in Flutter’s strategy to consolidate its position in emerging international markets, particularly...
Major League Baseball has enacted a significant shift in policy by ending the practice of keeping deceased individuals on its permanently ineligible list. This move paves the way for long-excluded figures like Pete Rose and “Shoeless” Joe Jackson to be considered for enshrinement in the Baseball Hall of Fame. The decision, announced Tuesday by Commissioner Rob Manfred, concluded that permanent...
Brazil’s Ministry of Sports has entered into a formal Technical Cooperation Agreement (ACT) with Sportradar Group AG, a global leader in sports data and integrity services, to strengthen efforts against match-fixing within the country’s growing sports betting market. This collaboration focuses on sharing critical information and developing joint measures designed to ensure the integrity of sports competitions. Advanced monitoring and training support: Under the agreement, Sportradar...