Enhancing Accountability in Online Gambling A significant legislative development has emerged from New Jersey as bipartisan lawmakers introduce a bill targeting dormant online gambling accounts. The proposed legislation, led by Assemblymen Joe Danielsen and Robert Auth, alongside co-sponsors Sean Kean and John DiMaio, seeks to direct unclaimed money from inactive gambling accounts to the state’s […]
Online Casino News
Brazil’s Bold Move: Over 5,000 Gambling Sites Blocked Ahead of 2025 Market Launch
Sweeping Crackdown Targets Illegal Operators In a decisive move to prepare for the launch of its regulated gambling market in January 2025, Brazil has blocked an additional 1,812 illegal gambling websites, pushing the total number to over 5,200. The Ministry of Finance, spearheaded by its Secretariat of Prizes and Bets (SPA), is leading the charge […]
U.S. Commercial Gaming Hits Record Highs in Third Quarter of 2024
Historic Revenue Milestones The American Gaming Association (AGA) has unveiled that the U.S. commercial gaming sector achieved a record-setting performance with revenues soaring to $17.71 billion in the third quarter of 2024. This milestone surpasses the previous quarterly record and marks an impressive continuation of a 15-quarter streak of year-over-year growth. September 2024 notably stands […]
Flutter Entertainment Announces Leadership Overhaul to Boost Global Expansion
Flutter Entertainment, a major player in the global gambling industry, has unveiled a comprehensive reorganization of its management and divisional structure, set to be implemented in January 2025. This strategic move will streamline operations and position the company for sustained international growth. Strategic Reorganization Across Key Regions The reorganization introduces a new divisional framework under […]
Greentube Expands North American Presence with Connecticut Launch
Greentube’s Strategic Growth in the U.S. Market Greentube, NOVOMATIC’s digital gaming and entertainment division, has broadened its reach in North America by launching its services in Connecticut. This development follows their licensing approval in February 2023, marking a significant advancement in their U.S. expansion efforts. The company, which is already established in New Jersey, Michigan, […]
Remembering a Visionary: The Life and Legacy of Dr. Lui Che Woo
The Rise of a Tycoon: Dr. Lui’s Early Years and Business Ventures On November 7, 2024, the world bid farewell to Dr. Lui Che Woo, the esteemed founder and Chairman of Galaxy Entertainment Group (GEG), who passed away peacefully at the age of 95. His death signifies the conclusion of a remarkable chapter in the […]
Aristocrat Refocuses Strategy on Regulated Gaming Following Plarium Sale
Overview of the Transaction Aristocrat, through its subsidiary Pixel United Holdings Limited, has successfully sold Plarium Global Limited to Modern Times Group for a substantial sum of €820 million. This sale includes a guaranteed payment of $620 million and an additional potential payout of up to $200 million based on future financial performance. Strategic Shifts […]
Light & Wonder Maintains Growth Momentum with Strong Q3 Performance
Revenue Growth Across All Segments Light & Wonder has delivered another stellar quarter, marking its ninth consecutive period of double-digit revenue growth. The gaming technology giant reported a 12% year-over-year increase in consolidated revenue, reaching $817 million in Q3 2024. Gaming Division Leads Performance The company’s gaming segment emerged as the primary growth driver, with […]
ComeOn Group’s Strategic Leap into Ontario’s Sportsbook Market
ComeOn Group, a notable force in the iGaming industry, has significantly bolstered its position within Ontario’s regulated gaming landscape. Following the recent acquisition of the necessary sportsbook permits, the company is set to double its sportsbook operations in the upcoming years, marking a pivotal expansion of its already thriving online casino platform. Expansion and Regulatory […]
Aristocrat Sells Plarium to MTG for Up to $820 Million in Strategic Shift
A Major Transaction Announced On 12 November 2024, Aristocrat Leisure confirmed a binding agreement to divest its Plarium Global mobile gaming division to the Stockholm-based gaming conglomerate Modern Times Group (MTG) for a consideration of up to $820 million. This deal includes an upfront payment of $620 million, with an additional earn-out of up to […]
