The South Korean casino and hotel Kangwon Land posted KRW 361.5bn in gaming revenue for the recent second quarter. Key Points Kangwon Land increased its GGR by 9.2% reaching KRW 361.5bn in Q2. Earnings grew in every segment of gaming but fell in the non-gaming business. The site produced a profit for the quarter, climbing […]
Caesars Entertainment’s revenue increase moved slowly but was helped by controlling costs and higher digital segment performance. Key Points The company reduced net loss from $122m to $82m, showing a 34.9% drop on the year. Digital adjusted EBITDA reached $80m, a 100% improvement, with revenue going up 24.3%. Las Vegas operations showed adjusted EBITDA of […]
Sri Lanka prepares to unveil its biggest tourism and entertainment project to date, as the City of Dreams resort in Colombo launches officially on August 2nd. The integrated casino resort was developed through a partnership between Nuwa Hotel and Melco Resorts & Entertainment. Its high-profile launch ceremony will feature over 400 gamblers from across Asia. […]
Galaxsys has signed a new partnership with First Look Games to promote its slot and fast games portfolio across regulated markets. This enables the company to distribute branded content and game demos to over 1,000 publishers using First Look’s B2B platform. These affiliates collectively reach an estimated 20 million players worldwide, offering Galaxsys a targeted […]
BetMGM Upgrades 2025 Forecast After 35% H1 Revenue Surge
July 30, 2025BetMGM has announced a significant upgrade to its full-year 2025 financial guidance after reporting a major turnaround in profitability in the first half of the year. The joint venture between Entain and MGM Resorts posted a 35% increase in net revenue to $1.35 billion for H1 2025, up from the $1 billion reported during the […]
The national lottery company in Norway sent apology texts to 47,000 people after a mistake about large monetary wins. Norsk Tipping said many players were told wrong information about winning because of a euros to Norwegian kroner error. People received the incorrect messages on Friday, but the apology was only sent out on Monday to […]
xAI released a statement confirming the agreement, saying: “From now on, Kalshi and xAI will work together to connect Grok with prediction markets. They stated that both companies are listed among the fastest growing in the US, and from now on, they will start working as a single team. Kalshi’s CEO, Tarek Mansour, described his […]
Apple iSports has signed an agreement to acquire LBC Enterprises, a gaming company based in Queensland. The deal signals AiS’s move into regulated global markets and supports its strategy to grow B2C and B2B offerings. The transaction has received approval from both companies’ boards of directors. It is expected to close in the third quarter […]
In a move confirming esports’ elite status globally, Team Vitality has announced a major multi-year international partnership with Stake. The seven-figure agreement was unveiled at IEM Cologne 2025, one of the most prestigious tournaments in the Counter-Strike 2 (CS2) calendar. The collaboration sees Stake become the official international betting partner of Team Vitality’s CS2 roster. […]
The country’s gambling regulator supported this action. Key Points: Irish financial group PTSB launches card-blocking for gambling purchases. Many other banks in Ireland have already set up similar options. GRAI has shared news that work on a national self-exclusion list has started. Permanent TSB (PTSB), an Irish bank, talked about its new voluntary card-blocking feature […]