On the eve of land-based casinos officially becoming history in Sweden on New Year's Day 2026, the state-owned gambling company Svenska Spel delivered an impressive financial report for the fiscal year 2025. Despite the closure of its last Casino Cosmopol land-based casino in the second quarter of l
The Philippine gaming industry is undergoing a significant structural transformation, with a clear trend of players moving towards online platforms. The latest data from the Philippine Amusement and Gaming Corporation (Pagcor) shows that the total gaming revenue for 2025 has decreased by 5.1% year-
In 2025, New Jersey's total gambling revenue in the United States reached a historic high of $6.98 billion, a 10.8% increase from $6.3 billion in 2024. The core driving force behind this achievement came from the double-digit growth of the online gambling market, with online casino revenues surpassi
Recently, the long-established British betting operator Betfred released its 78-week financial report ending March 2025, with a net profit of 112.6 million pounds, successfully turning a loss into a profit. What kind of report card has this unusual financial report, spanning different cycles, handed
South Korean leisure travel company Grand Korea Leisure (GKL) and Naver Cloud announced a major collaboration on December 30, 2025, to jointly develop artificial intelligence technology aimed at fully promoting the digital transformation of the Korean tourism industry. According to the agreement, GK
Norwegian state-owned gambling operator Norsk Tipping announces a significant personnel change, appointing Trond Bentestuen as the new CEO, succeeding Vegar Strand who has been acting temporarily since summer. This appointment comes at a time when the company is deeply embroiled in operational turmo
Philippines' Bloomberry Resorts Corp. announced its third-quarter financial report, with net losses widening to 1.7 billion pesos, mainly due to restrictions on e-wallet payment channels and regulatory uncertainties, slowing down the promotion of online gambling brands, but the local market, especia
The Philippine gaming regulatory authority PAGCOR announced financial data for the first nine months, with net profits increasing by 49% to 14.32 billion pesos (approximately $244 million), setting a new high in recent years. However, net profits in the third quarter dropped to 3.5 billion pesos (ap
European gambling operator Allwyn International announced the acquisition of a 62.3% majority stake in the American daily fantasy sports platform PrizePicks for $1.6 billion, valuing the company at $2.5 billion. The transaction was financed through a $1.64 billion term loan and is expected to be com
The Brazilian federal state-owned bank Caixa Econômica Federal announced that it will officially enter the regulated gambling market in November 2025, operating fixed-odds betting through its subsidiary Caixa Loterias Ltda with three brands, directly competing with private operators. Caixa President
The Philippine online gambling market reached a total revenue of $2 billion in the first half of 2025, surpassing the physical casinos' $1.62 billion for the first time, marking an acceleration in digital transformation. The Philippines has become the largest jurisdiction globally that legally hosts
Famous gaming equipment supplier AGS has successfully achieved digital transformation, with its purely digital game studio established in 2022 becoming the core driving force for the growth of the company's interactive division. Originating in 2005, AGS is known in North America for developing Class
The Hong Kong Jockey Club (HKJC) has officially announced the appointment of Casper Stylsvig as the Executive Director of Sports Business, effective from January 15, 2026. Stylsvig will join the Jockey Club's Management Committee and report directly to CEO Winfried Engelbrecht-Bresges. He has served
Ukraine's newly established gambling regulatory body PlayCity is undertaking a reshaping of the national lottery market and has proposed a licensing resolution draft. It is expected to raise over 10 million Ukrainian hryvnias (approximately $242 million) through lottery licenses to support military
According to Rwanda's "New Times", the country's gambling industry is about to undergo a significant tax reform. Starting from September 1, the government will increase the tax rate on the total revenue (GGR) of the gambling industry from the current 13% to 40%, while completely abolishing the corpo
Tanzania's gambling industry is undergoing a profound transformation driven by technology, with digital platforms rapidly emerging and now accounting for over 70% of the national gambling market share. According to the Citizen Report, online betting has become the mainstream method in 2023, with mor
