DraftKings Reports Growth in Q3 Revenue, Faces NFL Struggles Leading to FY24 Downgrade
DraftKings has revised its revenue guidance for the calendar year, adjusting its forecast to a range of $4.85 billion to $4.95 billion. This marks a reduction of approximately 5% at…
Philippine President Rodrigo Duterte bans POGOs and IGLs over gambling issues
Philippine President Ferdinand R. Marcos Jr. has enacted Executive Order 74 on November 5, prohibiting all offshore gambling activities within the country, targeting Philippine Offshore Gaming Operators (POGOs) and Internet…
Pennsylvania Attorney allegedly embezzles $31K for gambling from inmate
Authorities in Westmoreland County, Pennsylvania, are currently investigating a 69-year-old attorney who stands accused of financial exploitation and theft. The allegations suggest that the attorney misappropriated funds, possibly to fuel…
Bar owners sentenced for attempting to cheat lottery winner out of $16M jackpot
A shocking lottery fraud case has emerged in Spain, capturing widespread attention. This unusual scheme revolves around a local bar, where a regular customer is implicated in an audacious operation…
Three arrested in Weslaco, Texas for illegal gambling operations
Law enforcement in Texas is intensifying its efforts to shut down illegal gambling operations statewide. Recent raids have not only targeted these illicit establishments but also unveiled a trove of…
Golden Entertainment sees significant revenue drop in Q3 2024 amid casino game challenges
Golden Entertainment has announced a significant 37.4% drop in revenue, totaling $161.2 million for the third quarter of 2024. This decrease is primarily attributed to the recent divestiture of key…
Evoplay launches casino games in Czech Republic through partnership with Fortuna
In a significant move set to enhance its European footprint, Evoplay has officially entered the Czech online gaming market. The innovative game development studio is partnering with Fortuna Entertainment Group,…
DraftKings Q3 results: revenue surges 39% in casino games sector, net loss grows by $12m
DraftKings revealed impressive financial results for the third quarter of 2024, achieving revenue that exceeded $1 billion. However, the company recorded a net loss of $298.6 million due to increased…
ComeOn Group expands casino games offerings with sportsbook launch in Ontario
ComeOn Group, a prominent name in the casino and gaming industry, is set to enhance its presence in Ontario by broadening its sportsbook offerings. This strategic expansion comes after the…
Light & Wonder and SkyCity Entertainment Group partner on new strategic seven-year agreement
Light & Wonder, a leading name in gaming solutions, has entered into a strategic seven-year Platform as a Service (PaaS) agreement with SkyCity Entertainment Group, a prominent player in the…
