News

Key Moments: Brazil’s online gambling market generated R$35.5 billion in revenue in the first half of the year, with illegal operators capturing 51% of the market. Yield Sec found illegal betting’s market share rose by 10% between the first and second quarters of this year. All Serie A football clubs in Brazil currently have betting operator sponsorships, with 90% featuring betting brands on their front jerseys. Market Dynamics in Brazilian Gambling Illegal gambling operators are increasingly influencing the trajectory of Brazil’s sports sponsorship market, according to Ismail Vali, CEO of…

Key Moments: PAGCOR has donated PHP141 million ($2.4 million) worth of Patient Transport Vehicles (PTVs) to PCSO for distribution across the Philippines. The initiative includes 70 fully equipped vehicles to be given to qualified local government units, supporting emergency medical response especially in remote regions. PAGCOR’s broader vehicle program has already delivered 60 units since February to assist communities, including those affected by Super Typhoon Nando. Strengthening Healthcare Access Nationwide PAGCOR has reaffirmed its commitment to public health with a PHP141 million ($2.4 million) donation of Patient Transport Vehicles. The…

MGM Resorts International (NYSE: MGM) has withdrawn from the New York City casino licensing process, raising questions about Resorts World New York’s outlook Genting’s expansion plan for its Queens property includes a proposed investment of $5.5 billion plus $2 billion in community benefits Genting’s bid features a $600 million license fee and tax rates among the highest in the U.S. casino sector Key Moments The competition for New York City’s highly sought-after casino licenses took a dramatic turn when MGM Resorts International (NYSE: MGM) decided to exit the race. This…

Key Moments: The Bills’ Super Bowl odds shifted after back-to-back losses Josh Allen dropped to third in MVP odds, behind Mahomes and Mayfield Several key players, including wide receivers, have been impacted by injuries Recent Struggles Impact Odds and Team Morale The Buffalo Bills enter their bye week amid growing concerns about the team’s direction, following two consecutive defeats that have left fans and analysts questioning their Super Bowl credentials. Their latest setback came in a 24-14 loss to the Atlanta Falcons, where the team’s performance was outmatched throughout the…

Key Moments: Gross gaming revenue for the quarter reached PHP6.97 billion (US$120 million), down from PHP8.23 billion (US$141.72 million) in the prior year period VIP table revenue dropped to PHP1.46 billion (US$25.14 million), with rolling chip volume halving to PHP40.69 billion (US$699.26 million) Hotel occupancy rose slightly to 87 percent, and total property visitors increased to 1.41 million in the quarter VIP Segment Continues to Lag Okada Manila, operated by Universal Entertainment, has reported a significant downturn in its third-quarter financial performance, driven chiefly by a sharp slowdown in VIP…

Key Moments: The UK and US have imposed coordinated sanctions, freezing assets tied to the Prince Group and its chairman, Chen Zhi. Authorities have seized multiple high-value London properties and casino assets in Cambodia linked to the network. Investigations revealed that the group laundered funds and ran large-scale online scams through casino operations and cryptocurrency schemes. Sanctions Target Casino-Linked Scam Operations UK and US authorities have taken unified action against a major scam network connected to gambling venues in Southeast Asia. By freezing assets associated with the Prince Group and…

Key Moments: Nese Group was fined €6,000 after a surprise inspection by Lithuania’s Gambling Supervisory Authority. The regulator identified two violations, including running a roulette-based draw without prior approval. Nese Group must resolve one breach by 30 October or face a potential suspension of its table games and Category A slot license. Unapproved Casino Draw Sparks Fine Nese Group, a leading gambling operator in Lithuania, has received a €6,000 penalty from the nation’s Gambling Supervisory Authority. The enforcement followed an unannounced inspection at a Vilnius casino where Nese Group’s Sekmes…

Key Moments: Bangladesh’s National Cyber Security Agency has issued a legal notice to ESPN for displaying betting-related ads on ESPNcricinfo. The agency alleges the company generated advertising revenue from Bangladeshi users without licenses or paying required taxes. Non-compliance may result in ESPNcricinfo being blocked under the country’s new Cyber Security Ordinance 2025. Legal Action Against ESPNcricinfo Bangladesh’s National Cyber Security Agency (NCSA) formally addressed ESPN over online gambling ads and tax discrepancies on its ESPNcricinfo platform. The NCSA’s notice, sent to ESPN’s UK legal team, cites violations of Bangladeshi advertising…

Key Moments: French prosecutors placed two individuals in pre-trial detention, alleging operation of a €1 billion illegal online casino network since 2021. The accused reportedly ran Crésus Casino and other associated sites without a French license, primarily targeting French residents. Investigators identified player losses of €201,755 and traced €92.6 million to Czech bank accounts between February 2022 and May 2025. Crackdown on Unauthorized Online Gambling Platform French prosecutors have moved two men into pre-trial detention, charging them with managing a network of unlicensed online casinos. According to the Paris prosecutor’s…

Key Moments: Major real-money gaming firms exited India following PROGA 2025, but some lesser-known apps remain operational on Apple’s App Store. Player deposits exceeding ₹7,440 crore ($845.66 million) and estimated lost government tax revenues of ₹2,082 crore ($236.49 million) have been reported within 60 days. The government has yet to issue a final enforcement notification, while several legal challenges are pending in the Supreme Court of India. Regulatory Action Triggers Major Market Exit Sweeping changes introduced by the Promotion and Regulation of Online Gaming Act, 2025 (PROGA) have caused leading…