PAGCOR Revenue Plunges 26.6% in First Half 2026
The Philippine Amusement and Gaming Corp PAGCOR, experienced a sharp financial downturn in the first half of 2026, with total revenue declining 26.6 percent year-on-year to PHP43.32 billion (US$705.5 million) from PHP59.05 billion. The regulatory body’s net income plunged 85.3 percent to PHP1.58 billion during the same period. Gaming operations More...
China Football Betting Hits $11.6 Billion in World Cup Single-Match Sales
China football betting sales reached RMB83.3 billion ($11.6 billion) during the FIFA World Cup, specifically through single-match games offered by the state-run Sports Lottery. The six-week tournament period generated More...
Las Vegas Sands Stock Slides on Disappointing Q2 Results
Las Vegas Sands suffered a 3% decline in share value following the casino operator’s second-quarter earnings and revenue miss. The company’s Q2 financial performance fell short of market expectations, More...
Philippine Casinos Hit With Stricter Controls on VIP Junket Operations
Philippine casinos face a high money laundering risk rating, with the sector remaining materially exposed to proceeds from serious predicate crimes. According to Pagcor, this elevated risk rating stems from a combination More...
Indonesia Blocks 3.7 Million Illegal Gambling Sites in Massive Crackdown
Indonesia illegal gambling sites have faced an unprecedented enforcement campaign, with authorities blocking approximately 3.7 million websites and online content since late 2024. The crackdown extends beyond digital More...
PhilWeb Lands Exclusive Partnership with Pragmatic Play
PhilWeb Corporation has secured an exclusive partnership with Gibraltar-based iGaming software provider Pragmatic Play. The arrangement grants licensed local operators access to Pragmatic Play’s suite of online More...
South Korea Extradites Alleged Masterminds of $3.9 Billion Illegal Gambling Network
South Korea extradition efforts have successfully concluded a 12-year international manhunt, bringing home two alleged masterminds behind illegal gambling operations that processed approximately KRW5.3 trillion More...
Macau GGR to Fall 7-9% in July, Reinvestment Costs Persist
Macau Macau GGR is projected to decline between 7 and 9 percent year-on-year in July, extending the gaming hub’s recent struggles despite month-on-month improvements. The forecast follows a weaker-than-expected More...
Lance Gokongwei Bets on Online Gaming with PhilWeb Deal
Lance Gokongwei Lance Gokongwei, president and CEO of JG Summit, has made a strategic investment in the Philippine online gaming sector by acquiring shares in PhilWeb Corporation valued at 2 billion pesos ($33 million). More...
Myanmar Shuts Down 140,000 SIM Cards in Online Gambling Crackdown
Myanmar sim cards linked to online gambling have become the target of a comprehensive regulatory crackdown by authorities seeking to dismantle illegal gambling operations. Between March 2025 and May 2026, Myanmar More...
