Gambling News by and for Gamblers

Codere Finalized Its Global Recapitalization, Reduced Debt by $1 Billion

Codere finalized its global recapitalization procedure and announced that it had reduced its debt from $1.52 to $207 million. In addition, the Spain-based operator aimed to change its capital structure. The company started in 1980 and pioneered retail sports betting...

Jennifer Tilly Exits High Stakes Poker After Losing Huge Pot

It is the tenth episode of High Stakes Poker Season 13 on PokerGO, and it started with Justin Gavri winning two straight six-figure pots. However, the excitement doesn’t stop there. The other players at the table matched Gavri’s winnings with huge pots of their own....

Restrictions Imposed on Brazilian Gambling Industry Payments

The government announced plans to restrict Brazilian gambling industry payments as part of a broader effort to regulate the sector. However, lawmakers are still deciding on specific regulations. The Ministry of Finance scheduled discussions with legal sportsbook...

Experts Urged Korean Government to Set Up a Gambling Regulator to Oversee Integrated Resorts

Tourism experts are asking the South Korean government to create a gambling regulator to supervise the country’s integrated resorts. They say this would ensure the industry’s sustainable growth. Panelists at a recent Korea Times Global Business Club event...

SI Sportsbook Exits the Colorado Sports Betting Market

Colorado has become the testing ground for alternative and small sportsbook operators. However, it faces a significant shift as another betting platform exits the Colorado sports betting market. According to bookie software experts, SI Sportsbook is the seventh...

New York Breaches $50 Billion in Mobile Sports Betting Handle

New York’s mobile sports betting handle reached $50 billion, as the state’s gaming regulator announced a historic week for the industry that ended last Sunday. According to the New York State Gaming Commission, players wagered $478 million for the week, the 12th out...

Iowa Sports Betting Market Sees Increase in Wagers this August

For the first time since March, the Iowa sports betting market reports seeing an increase in month-over-month betting activity. This is quite remarkable, considering August is still considered as one of the slower months in sports betting. If you read reports from...

POGO Ban in the Philippines, Not the End for Online Gaming Operators

President Ferdinand Marcos Jr. of the Philippines will soon issue an executive order banning Philippine Offshore Gaming Operators (POGOs). Although the decree has not yet been implemented, the gaming industry is uncertain how the POGO ban in the Philippines will...

Sports Betting and iGaming Save Pennsylvania Gambling Industry

Revenue from the Pennsylvania gambling industry in July reached $500.8 million. According to the Gaming Control Board, it was 7.2 percent higher than last year. Also, it was 6.1 percent higher than the revenue in June. Despite a 4.8% year-on-year decline to $204.3m,...

Proposed Osaka Integrated Resort Faces Another Setback

According to local media outlets, the Bureau International des Exposition is asking to postpone the construction of the proposed Osaka integrated resort for at least six months. The organization oversees the upcoming World Fair or Expo 2025. Still, this might have...

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