Tourism analysts: South Korea casino industry overdue for an overhaul Summary South Korea’s casino sector grew strongly in 2024 — gross gaming revenue reached almost KRW3.23 trillion (US$2.30bn), up 18.3% year-on-year, while foreigner-only casino visitation rose 42.4%. Industry and tourism leaders warn that momentum could be threatened by rising regional competition, notably Japan’s MGM Osaka […]
PointsBet reduces net loss in FY25, MIXI edges closer to takeover Summary PointsBet reported a stronger FY25: group revenue hit a record AU$261.4m (up 6% year‑on‑year), normalised EBITDA turned positive for the first time at AU$11.2m, and net loss narrowed to AU$18.2m. Australia remained the largest market with AU$218.5m in revenue despite a 14% fall […]
Episode 16: Cambodian casinos, Nagacorp and illegal gambling Summary This Right to the Source podcast episode (29 Aug 2025) examines the strained state of Cambodia’s casino sector. After the 2019 ban on online gambling, land-based casinos became the country’s primary gambling economy, but Covid-19 and a government crackdown on junkets have badly dented VIP-driven revenue. […]
Intralot dips to net loss in H1 despite revenue growth Summary Intralot reported group revenue of €168m for H1 2025, a 1.7% rise year-on-year, but still slipped to a small net loss for the period. Lottery remained the core income stream (53%), with sports betting (22%), video lottery terminals (12.8%) and IT products/services (12.2%) making […]
Analyst warns ‘overblown’ Brazil illegal market is driving new restrictions Summary H2 Gambling Capital managing director Ed Birkin says claims the illegal betting market in Brazil accounts for 60%-80% are exaggerated. H2 estimates the illegal share is closer to 30%, and Birkin warns that inflating the figure risks convincing policymakers the sector is out of […]
Could legal Georgia sports betting drive tax revenue spike? Summary Testimony at the Georgia House Study Committee on Gaming’s second hearing outlined projections that legal sports betting could deliver more than $100m a year in tax revenue for the state, with proponents pointing to North Carolina’s early results as a template. Industry witnesses and policy […]
Why bookie for Ohtani interpreter received a lighter sentence than feds recommended Summary Matt Bowyer, a prominent illegal bookmaker linked to Ippei Mizuhara (Shohei Ohtani’s former interpreter), was sentenced to 12 months and one day in federal prison and ordered to pay $1.6m in restitution. The sentence is shorter than the 15 months prosecutors recommended, […]
Freedom Plaza dreams big, Manhattan residents want all it offers – except a casino Summary Freedom Plaza is an ambitious $11bn mixed-use proposal from Soloviev Group and Mohegan Gaming to redevelop a 6.7-acre site on Manhattan’s East Side into hotels, residences, nearly five acres of park, a “Museum of Democracy” and a casino. The project […]
Mobile Premier League to cut 60% of workforce after India iGaming ban Summary Mobile Premier League (MPL) is set to reduce around 60% of its workforce after the Indian government pushed through a national ban on paid online gaming (iGaming). The bill, introduced in August and given presidential assent on 22 August, outlaws games where […]
Norsk Tipping handed NOK46 million penalty over Eurojackpot and Lotto errors Summary The Norwegian Lottery and Foundation Authority (Lottstift) has approved a NOK46 million fine for state-owned operator Norsk Tipping after finding a long-running technical error affected Eurojackpot “extra” and Lotto “super” draws. The fault, present since 2015, gave cooperative players a higher chance of […]
