Brazil regulated betting market raises $687.5m tax in first six months Article Date: Mon, 28 Jul 2025 10:22:58 +0000 Author: Kyle Goldsmith Summary Brazil’s newly regulated online betting market generated BRL 3.8 billion (about $687.5m) in tax revenue during the first six months after regulation, according to the Federal Revenue Service (RFB). June collections were […]
Australia’s Lottery Corporation names Allwyn NA head as new CEO 28 July 2025 | By Robert Fletcher Summary Australia-based Lottery Corporation has appointed Wayne Pickup, currently chief executive of Allwyn North America, as its new managing director and CEO. Pickup will join the omnichannel lottery operator on 24 November 2025, subject to regulatory approvals. Pickup […]
No presentation given at first CAC hearing for MGM Empire City Summary At the first community advisory committee (CAC) hearing for MGM Empire City on Thursday, James Cavanaugh was elected chair and committee members were briefed on the process and expectations. That was largely the extent of the meeting: MGM representatives did not give a […]
Macau casino stocks rally as gaming revenue grows Author note By Marjorie Preston. Punchy take: Macau’s rebound is not just seasonal noise — gaming revenue and tourist flows are materially beating forecasts and investors have taken notice. If you follow gaming equities or Asia travel recovery stories, this matters. Summary Macau’s casinos have seen a […]
Philippine President Marcos mum about online gambling ban Summary Philippine President Ferdinand “Bong Bong” Marcos Jr made no mention of a ban on online gambling in his 2025 State of the Nation Address, despite growing calls from lawmakers and public figures to either tighten regulation or prohibit iGaming entirely. Two bills were recently filed: House […]
Weekend Report: PTSB gambling blocker, Stake-Team Vitality deal Summary This Weekend Report rounds up recent industry moves: Irish retail bank PTSB has introduced an optional in-app gambling transaction blocker; Stake has agreed a multi-year partnership with esports organisation Team Vitality; SIS has reshuffled its competitive gaming leadership; EveryMatrix has deployed CasinoEngine in Ontario with Pinnacle; […]
BetMGM FY EBITDA guidance raised to $150 million after positive Q2 Article Date: Tue, 29 Jul 2025 09:14:57 +0000Source URL: https://igamingbusiness.com/finance/quarterly-results/betmgm-full-year-guidance-positive-q2/Image: BetMGM Q2 image Summary BetMGM has upgraded its full-year 2025 EBITDA guidance to at least $150 million after a strong Q2 performance, marking the second consecutive guidance raise this year. The operator also lifted […]
Former Mashpee Wampanoag leader pleads guilty to tax charges as tribe’s controversial casino grows Summary Cedric Cromwell, the former chairman of the Mashpee Wampanoag tribe and ex-president of its gaming operations, has pleaded guilty to four counts of filing false tax returns. Federal prosecutors say Cromwell failed to report more than $177,000 of income from […]
MLB is investigating Guardians reliever Clase as team’s second pitcher facing probe of sports betting Summary Major League Baseball has placed Cleveland Guardians closer Emmanuel Clase on non-disciplinary paid leave through 31 August while it investigates suspicious sports-betting activity linked to his pitching. Clase is the second Guardians pitcher probed this summer after starter Luis […]
Hanzbet merges with BigBet following clash with licence owner Summary After a dispute with its Brazil licence holder EA Entretenimento e Esportes Ltda (EA) that briefly halted operations, Hanzbet has entered a strategic partnership with BigBet to operate jointly in Brazil. The move formalises Hanzbet operating alongside one of the three brands under Big Brazil’s […]
