The online gaming industry in the Philippines is experiencing significant growth, with more companies entering the regulated market Evan Spytma, CEO of CasinoPlus, highlighted the increasing competition, stating, “New companies are coming on board at a faster rate, and what you’re going to see this year is a lot of those local ‘grey’ sites..

Due to the benevolent regulatory climate created by former President Donald Trump, cryptocurrency companies in the US are rapidly applying for bank charters Fintech and digital asset companies are investigating this option to lower borrowing costs and bolster their credibility, according to Reuters Regulators were frequently hesitant to approve..

The action against Ripple Labs by the US Securities and Exchange Commission (SEC) has been formally abandoned Brad Garlinghouse, the CEO of Ripple, shared a video update on social media site X to herald the development The lawsuit, initiated in December 2020, accused Ripple of conducting unregistered securities sales through XRP Reflecting on the..

Pennsylvania’s sports betting market saw a notable decline in February, with the Pennsylvania Gaming Control Board reporting a total handle of $7569 million This figure marked a drop from January’s $8731 million Similarly, revenue took a hit, falling from $843 million to $339 million The decrease extended to online sportsbooks, which..

Stablecoin popularity has significantly increased, according to a joint report from onchain analytical platforms Artemis and Dune According to the paper, "The State of Stablecoins 2025: Supply, Adoption & Market Trends," active stablecoin addresses increased by 53%, from 196 million to 30 million, between February 2024 and February..

A resident of Michigan made history by winning $928 million with a simple 20-cent wager, the greatest online casino jackpot in the United States On February 26, while playing the well-liked online slot game Irish Pot Luck at DraftKings Casino, the enormous jackpot occurred This record-breaking win is the largest payout ever in the regulated US..

High 5 Games has addressed the recent suspension of its license in Connecticut, emphasizing its commitment to maintaining the highest regulatory standards The company assured stakeholders that it remains focused on delivering quality gaming experiences while adhering to state and local regulations In a statement, High 5 Games declared, “High 5..

The Maryland Lottery and Gaming Control Agency has taken a firm stand against unregulated sweepstakes casinos On March 12, the regulator sent a cease-and-desist letter to Virtual Gaming Worlds (VGW), accusing the company of operating without a valid license in the state VGW runs popular sweepstakes-based gaming platforms such as Chumba Casino,..

After being removed off the Financial Action Task Force's (FATF) grey list, the Philippines has seen a sharp rise in inquiries about online gambling licenses Alejandro Tengco, the chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), highlighted the rise in interest in his remarks at the ASEAN Gaming Summit in Manila Tengco..

Philippine authorities are intensifying efforts to combat human trafficking as reports emerge of nationals being illegally smuggled to work in offshore online gambling operations This rise in illicit activity follows the government’s decision to phase out the country’s Philippine Offshore Gaming Operator (POGO) industry The Bureau of..

Revenue from sports betting in Connecticut increased by 457% in February over the previous year Despite a decline in overall handling from January, operators saw considerable growth, driven by a robust Super Bowl month The Connecticut Lottery reports that the combined income of the state's two retail operators and three authorized online..

A new responsible gaming campaign has been introduced by DraftKings, which draws inspiration from Kenny Rogers' classic song "The Gambler" Through an appealing message, the program promotes safer wagering behaviors by utilizing humor and familiarity A fun 60-second TV commercial featuring bettors singing along to "The Gambler" in a variety of..

Bernstein believes that Coinbase (COIN), a well-known cryptocurrency exchange in the US, may see a sharp increase in the value of its stock The asset management company thinks the exchange can profit from the expected crypto-friendly policies of the Trump administration Gautam Chhugani, managing director of global digital assets at Bernstein,..

The state's gaming revenue for February 2025 was $4844 million, according to the New Jersey Division of Gaming Enforcement (DGE) This is a 51% increase from the previous year, mostly due to robust growth in sports betting and iGaming The casino win fell 38% to $2035 million, while iGaming income increased 14% to $2078 million With $499 million,..

According to Inspired Entertainment's financial figures, the company made $83 million in Q4 and $2971 million in FY 2024 Both numbers represent a 2% increase from the previous year, with the interactive section showing particularly strong growth The supplier's quarterly revenue increase was mostly attributed to its outstanding interactive..

Manuel "Manny" Villar Jr, a Filipino tycoon, is proceeding with his ambitious $1 billion casino project in southern Metro Manila After talking with the South Korean junket operator Dowinn Group at first, Villar ultimately made the decision to move forward without a foreign partner “No more partner It’s just us,” Villar confirmed in a..

The Poarch Band of Creek Indians is advocating for a significant expansion of gambling in Alabama, aiming to introduce table games and sports betting to their casinos Currently, the tribe operates gaming resorts in Atmore, Wetumpka, and Montgomery, but their offerings remain limited to electronic bingo machines, which resemble slot..

The Russian cryptocurrency exchange Garantex is connected to a money laundering network that the US Secret Service is working harder to break up According to authorities, the platform enabled illegal transactions totaling hundreds of millions of dollars, thereby enabling terrorist financing, hacking, and drug trafficking Officials claim that..

A recent survey conducted by The Harris Poll for Grayscale Investments highlights that high-net-worth investors (HNWIs) in the US are leading the charge in cryptocurrency adoption The study, spanning from November 2023 to September 2024, surveyed 5,368 US voters with insights into their financial preferences The findings reveal that 26% of..

Because of its volatility, the Bank of Korea has decided not to include Bitcoin in its foreign exchange reserves Officials acknowledged that they do not currently have any intentions to evaluate Bitcoin as a reserve asset in an answer to Representative Cha Gyu-geun of the National Assembly's Planning and Finance Committee The central bank..