In a significant move to enhance its casino and hotel services, International Entertainment Corp has announced a comprehensive PHP1.47 billion (US$25.5 million) renovation plan for its New Coast Hotel Manila, Philippines. This initiative, led by its wholly-owned subsidiary New Coast Leisure Inc, aims to modernize the facility and expand its gaming capacity, promising a boost in visitor attraction and future revenue. Contract details and renovation scope: The contract,...
La Française des Jeux (FDJ), a leading name in the European betting and gaming landscape, has reported a robust performance for the year 2024. The company’s revenue soared to €3,065 million, marking a significant 17% increase compared to the previous year. This growth includes contributions from Kindred, integrated into the company from October 11. Excluding Kindred, FDJ’s growth was 10%, with its gaming...
The Philippine government, represented by the Presidential Anti-Organized Crime Commission (PAOCC), has set a formidable goal to completely eradicate illegal Philippine Offshore Gaming Operators (POGOs) by the close of this year. This initiative is part of a broader effort to cleanse the nation of unregulated gambling activities that pose significant social risks. During a media briefing at the Saturday News Forum in Quezon City, PAOCC Executive Director...
Play’n GO has launched Crystal Hall, its latest slot game, transporting players into a realm filled with gleaming gems and otherworldly symbols set in a magnificent hall. This addition to their portfolio merges the nostalgic feel of traditional slots like Big Win 777 with contemporary gaming mechanics, promising a richly rewarding and immersive experience. Immersive visuals and engaging gameplay: The design of Crystal Hall does not seek...
The State Lottery of Rio de Janeiro (Loterj) has issued an ordinance suspending all betting operations beyond the state’s borders. This decision follows a ruling by Supreme Court Justice André Mendonça, who ordered the agency to comply with federal regulations limiting its jurisdiction. The new directive, published in the State Official Gazette on February 13, reinstates mandatory geolocation tracking to...
DraftKings has released its financial results for the fourth quarter and full year 2024, showcasing significant revenue growth alongside increased operating losses. The company reported a total annual revenue of $4.8 billion, reflecting a 30.1% year-over-year increase. However, its net loss for the fourth quarter surged by over 200%, influenced by rising expenses and customer-friendly sportsbook outcomes during the NFL...
For the third consecutive year, legislative efforts to introduce a casino in Fairfax County have failed. The latest attempt, Senate Bill 982, aimed at expanding Virginia’s casino-eligible localities to include Fairfax County, was unanimously blocked by a House subcommittee. This decision effectively removes the proposal from the 2025 legislative session. Members of the Commerce, Agriculture & Natural Resources Subcommittee voted...
WinView Technology, Inc. has taken a bold step by filing patent infringement lawsuits against two major players in the sports betting industry, DraftKings and FanDuel. The legal actions, filed in the District of New Jersey, accuse both companies of unauthorized use of WinView’s patented technologies in their expansive online and mobile gaming platforms. These technologies encompass a wide range of functionalities including live, in-play wagering, micro-betting, online casino...
The Mohegan Tribal Gaming Authority has announced its financial outcomes for the first quarter of fiscal 2025, ending December 31, 2024. The results indicate substantial growth in revenue and successful advancements in both domestic and international markets. Detailed financial performance: This quarter, Mohegan enjoyed a rise in net revenues to $498.9 million, an increase of $73.7 million from the same period last year, showcasing a...
In a recent legislative session, the Hawaii State Legislature took a firm stance by indefinitely deferring a bill aimed at legalizing casino gambling within the state. This decision puts a pause on Senate Bill 893, which proposed the introduction of regulated casinos into Hawaii’s new Aloha Stadium Entertainment District and at the Hawaii Convention Center, a move that stirred public and political controversy. Details of the deferred legislation:...