TLDR Entertainment City casinos in Metro Manila generated PHP37.47 billion ($574.6 million) in Q1 2026 gross gaming revenue, down 11.1% year-on-year The broader Philippine gaming market fell 15.9% to PHP87.60 billion, driven largely by a 22.4% drop in electronic gaming revenue Bloomberry Resorts reported a 12.6% GGR decline while Okada Manila saw a 17.2% drop in the same period City of Dreams Manila showed mixed results with improved EBITDA but weaker mass-market revenue Clark-area casinos also declined, though smaller Greenfield Zone licensees posted a slight increase The large-scale casinos in Entertainment City, Metro Manila, reported a weaker first quarter in…
Author: Maisie Morrison
TLDR A new report estimates 17 million Americans will use prediction markets in 2026, with 43% less likely than average to identify as gamblers There is roughly a 40-50% overlap between sports bettors and prediction market users, far less than many assumed Prediction market users engage with cryptocurrency three times more than the national average and lean heavily toward DeFi The user base is 90% male, the most gender-skewed audience the research firm has ever studied Top user concentrations are in tech hubs like Nashville, Austin, and Fort Collins rather than traditional financial centers New Data Challenges Assumptions About Prediction…
TLDR Ontario launched BetGuard, a centralized self-exclusion portal letting residents aged 19+ block all regulated online gambling platforms at once Users can choose exclusion periods from six months to five years and stop all marketing messages from operators The system covers all regulated platforms including OLG and requires no visits to individual operator sites Bill 107 has been introduced separately to ban all online gambling advertising in Ontario Ontario’s regulated iGaming sector generated C$262 million in revenue during 2024-25 Ontario has rolled out a new centralized self-exclusion tool called BetGuard, giving residents a single portal to step away from all…
TLDR Nearly 1 in 11 UK adults (around 1.6 million people) experienced harm from someone else’s gambling in 2024 73.7% of those affected reported at least one health consequence, with stress and anxiety being the most common Young women were disproportionately affected, making up 55% of the “affected others” group Only 14.5% of affected individuals sought help in the past year despite widespread harm The UK government has allocated £25.4 million to gambling-harm prevention services The Gambling Commission has published new data showing that nearly one in 11 adults in Great Britain were harmed by someone else’s gambling during 2024.…
TLDR Costa Rica’s Comptroller (CGR) audited the Junta de Protección Social (JPS) and found irregularities in how unsold lottery tickets were managed and destroyed Prizes were linked to lottery fractions previously reported as unsold and destroyed, raising fraud concerns The audit flagged weak physical security at regional offices, missing signatures on destruction reports, and poor electronic scanning of returned tickets The CGR warned these issues posed risks to operational integrity, financial management, and fraud prevention JPS acknowledged the findings and is now developing new risk assessments, IT upgrades, and formal procedures to improve traceability and accountability Costa Rica’s national lottery…
TLDR Indonesia says nearly 200,000 children have been exposed to online gambling, with 80,000 under the age of ten Officials warn the trend poses a serious risk to future generations as gambling systems are designed for players to lose The government says website blocking and raids alone are not enough to fight the problem Authorities are calling on social media platforms like Instagram, TikTok, and YouTube to remove gambling ads Officials linked online gambling to family financial collapse and domestic abuse cases across the country Indonesia Sounds Alarm Over Children and Online Gambling Indonesia’s government has revealed that nearly 200,000…
TLDR S&P upgraded NagaCorp’s long-term credit rating from B to B+, following a similar upgrade from Moody’s NagaCorp’s net income nearly tripled in 2025, reaching $309.9 million compared to $110.6 million in 2024 A full recovery to 2019 profit levels remains unlikely due to the collapse of the VIP junket segment The company holds about $372 million in cash with minimal debt, giving it a strong balance sheet S&P expects 5%–6% profit growth in 2026 and 2027, with spending on the Naga 3 expansion project ahead S&P Global Ratings has upgraded the long-term credit rating of NagaCorp Ltd from B…
TLDR Philippines gross gaming revenue fell 15.9% year-on-year to PHP87.60 billion (US$1.42 billion) in Q1 2026 Electronic gaming revenue dropped 22.4% to PHP39.90 billion, driving the overall decline Licensed casinos remained the top revenue source at PHP44.52 billion, down 9.7% from last year PAGCOR chairman cited softer consumer spending, Middle East tensions, and inflation as key factors The full year 2025 saw PHP396.14 billion in GGR, up 6.4%, suggesting Q1 2026 marks a reversal from recent growth The Philippine gaming industry reported a 15.9% drop in gross gaming revenue during the first quarter of 2026, according to data from the…
TLDR Police in Visakhapatnam arrested 24 people connected to an online betting scam that processed over ₹500 crore (US$52 million) in transactions The operation spanned seven Indian states and had links to Sri Lanka, using at least seven betting websites Alleged kingpin Karan Pakhrani, known as “Gabbar,” was arrested in Kolkata along with six associates Around 224 mule bank accounts were used to route betting proceeds through layers of UPI and bank transfers Total money linked to illegal gains and public losses from the case reached approximately ₹1,500 crore (US$156 million) Police in Visakhapatnam, Andhra Pradesh, have arrested 24 individuals…
TLDR Brazil collected BRL 3.4 billion in betting taxes in Q1 2026, up 123.7% from last year Congress is debating how to distribute growing betting revenue across sports, education, and public safety A Senate bill proposes directing betting funds toward military sports development programs The government will gradually allocate up to 3% of betting tax revenue to fund Federal Police operations Illegal betting operators still control 41% to 51% of Brazil’s market despite regulation efforts Betting Tax Revenue Surges in Brazil Brazil’s regulated betting market is generating massive tax revenue, and now the country’s Congress is debating where all that…