International Entertainment Corp (IEC), the Hong Kong-listed operator behind New Coast Hotel and Casino in Manila, Philippines, reported strong revenue growth in its first year under a provisional gaming license, though rising expenses and redevelopment costs drove its losses deeper for fiscal year 2025. Gaming Growth Offsets Hotel Decline For the 12 months ending 30 June 2025, IEC recorded revenues of HK$566.2 million (US$72.8 million),...
Bally’s Corporation has revealed updated plans for a large-scale mixed-use resort development on the Las Vegas Strip, to be built alongside the future home of the Athletics Major League Baseball team. The project, which will rise on the 26-acre portion of the former Tropicana site, is designed as a multi-phase development that will include luxury hotels, casino space, retail, dining, and live...
Macau is gearing up for one of its busiest periods of the year as the city anticipates an influx of travelers during the upcoming National Day Golden Week. The holiday, which runs from October 1 to October 8, combines the National Day celebrations with the Mid-Autumn Festival, creating an extended travel window for mainland Chinese residents. As TDM reports, Maria Helena de Senna Fernandes,...
DraftKings has reached a milestone in its expansion strategy by finalizing a multi-year advertising agreement with NBCUniversal. The partnership, unveiled this week, will provide DraftKings with exclusive rights to integrate its brand and services across NBC’s extensive sports portfolio, positioning the Boston-based operator at the center of some of the world’s most high-profile sporting events. Exclusive Integration Across Sports and Platforms Under...
Ernest L. “Ernie” Stevens Jr., a pivotal figure in tribal gaming and sovereignty advocacy, died unexpectedly on Friday, September 26, at the age of 66. A citizen of the Oneida Nation of Wisconsin, Stevens served more than two decades as chairman of the Indian Gaming Association (IGA), shaping the industry into a powerful economic and political force. Ernie Stevens Jr.’s Passing Marks the...
The Cheyenne and Arapaho Tribes are set to break ground on a large-scale project in Elk City that has been decades in the making. Plans call for a new casino, hotel, and several other facilities that tribal leaders say will generate jobs, strengthen the economy, and provide a family-oriented destination for western Oklahoma. The announcement was shared by Governor Reggie...
Evolution has officially launched Sneaky Slots, the latest online slot studio to join its growing roster of world-renowned brands, which already features NetEnt, Red Tiger, Nolimit City, and Big Time Gaming. The announcement marks a significant expansion of Evolution’s RNG (random number generator) portfolio and reflects the company’s commitment to pushing creative boundaries in online slots. Unlike many studios that...
Rachel Reeves, United Kingdom’s Chancellor of the Exchequer, is facing mounting pressure from her own backbenches as more than 100 Labour MPs demand that gambling companies pay higher taxes to help finance the abolition of the two-child benefit cap. The push, which aligns with proposals advanced by Gordon Brown and the Institute for Public Policy Research (IPPR), has gained considerable...
The wave of closures reshaping Macau’s casino market has now reached another milestone, as Melco Resorts & Entertainment Ltd. confirmed the permanent shutdown of its Mocha Kuong Fat slot club. The venue, situated in the NAPE district of the Macau peninsula, ended operations at 11:59 p.m. on September 24, under the close supervision of the city’s gaming regulator. The development...
Two casino projects in New York City’s metropolitan area advanced significantly after receiving unanimous support from their respective Community Advisory Committees (CACs). Resorts World New York City in Queens and MGM Empire City in Yonkers became the first downstate contenders to move forward in the competition for three state-issued casino licenses. Resorts World Expansion Moves Ahead in Queens The Queens CAC voted in favor of a $5.5...