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Online Gaming Becomes Top Revenue Driver as Philippine GGR Climbs to $6.61 Billion in 2025
The Philippine gaming sector posted total gross gaming revenues (GGR) of PHP396.14 billion ($6.61 billion) in 2025, reflecting a 6.39 percent increase from PHP372.33 billion ($6.21 billion) recorded in 2024, according to a press release issued by the Philippine Amusement and Gaming Corporation (PAGCOR). This overall growth was largely fueled by strong performance in the online and electronic gaming segment, which more than compensated for declining revenues from traditional
Apr 202 min read


Macau Gaming Revenue Surpasses Expectations as Casino Taxes Remain Central to SAR Budget
Macau’s gaming revenue share reached MOP94.9 billion (US$11.8 billion) in 2025, exceeding pre-year expectations and underscoring the continuing dominance of the casino sector in the Special Administrative Region’s economy. The $11.8 billion that flowed to the Macau SAR Government surpassed earlier forecasts of $11.6 billion in tax revenue. Officials had revised their projections downward midway through last year amid a deteriorating economic outlook, but a strong performance
Mar 232 min read


Bally’s Restructures Operations as Q4 Revenue Reaches $746.2m Following Intralot Deal
Bally’s has reported group revenue of $746.2 million for the fourth quarter of 2025, reflecting a significant shift in its reporting structure after the completion of Intralot’s €2.7 billion acquisition of Bally’s International Interactive. As part of this transition, the company now consolidates the combined entity into its financial results while maintaining a 58% controlling stake. The restructuring, finalized in October, replaces the former International Interactive s
Mar 202 min read


OPAP Posts Record €2.41bn Gaming Revenue in 2025 as Digital Growth Offsets Rising Costs
OPAP reported gross gaming revenue (GGR) of €2,407.9 million for the full year 2025, marking a 4.9% increase compared with the previous year and setting a new record for the Greek gaming operator. The milestone was largely supported by continued expansion in online gaming alongside solid performance from the company’s retail operations. However, a significant increase in operating expenses during the year placed pressure on profitability, reducing EBITDA margins and slightly
Mar 105 min read


Macao Casino Revenues Climb 4.5% in February as Lunar New Year Boosts Visitor Numbers
Casino operators in Macao recorded a solid increase in gaming income during February, with revenue rising 4.5% year-on-year as the Lunar New Year travel period attracted large numbers of visitors to the Pearl River Delta special administrative region. According to the city’s gambling regulator, the Gaming Inspection and Coordination Bureau, Macao’s gross gaming revenue reached 20.62 billion patacas in February, equivalent to roughly $2.56 billion. The results, reported by B
Mar 63 min read


Evoke Warns of Lower-Than-Expected 2025 Revenue as Strategic Review Clouds Outlook
British gambling group Evoke said on Tuesday that its full-year 2025 revenue is expected to fall short of market expectations and declined to issue any guidance for 2026, pointing to an ongoing strategic review that could ultimately lead to a sale of the business. The update rattled investors, sending the company’s shares down by as much as 12% during the trading session. The owner of William Hill and 888 said it now expects revenue for 2025 to be about £1.79 billion ($2.47 b
Jan 293 min read


Uganda Sees Surge in Gambling Revenue Amid Regulatory Overhaul
Uganda is reporting significant gains from its revamped approach to gambling regulation, with revenue from the sector showing substantial growth. According to the country’s National Lotteries and Gaming Regulatory Board, non-tax revenue from the gaming industry has increased nearly eight-fold, rising from Sh 1.14 billion (£232,945) in the 2019/20 financial year to Sh 8.79 billion (£1.8 million) in FY 2024/25. Annual revenue collection has also seen a dramatic rise, climbing f
Jan 282 min read


Record €12.4bn Revenues Highlight Commercial Shift Among Top Football Clubs
The world’s richest football clubs generated record revenues of €12.4 billion in the 2024-25 season, underscoring a decisive shift away from reliance on domestic broadcast deals and toward commercial growth, stadium monetisation, and global brand expansion, according to the latest Deloitte Football Money League. The 29th edition of the annual report shows revenues among the top 20 clubs rising 11% year on year, with Real Madrid once again leading the way after becoming the fi
Jan 263 min read


Colombia Shifts Online Gambling Tax From Player Deposits to Operator Revenue
The Colombian government has revised its taxation strategy for the online gambling sector, replacing the 19% value-added tax previously applied to player deposits with a levy based on gross gaming revenue. The updated framework came into force on January 1, redirecting the tax burden toward the actual income earned by operators rather than the total amount of money deposited by customers. The deposit-based 19% VAT was first introduced in February 2025 as a temporary response
Jan 212 min read


Paraguay Gambling Revenue Reaches Record $32.6m Following Market Liberalisation in 2025
Paraguay’s gambling sector recorded its strongest year on record in 2025, generating PYG215.9 billion ($32.6 million), according to figures released this week by the country’s regulator, the National Gaming Commission (Conajzar). The milestone year followed the liberalisation of the market under Law No 7348/2025, which fundamentally reshaped the country’s regulatory framework. The revenue total represents the highest annual figure ever reported in Paraguay’s gambling indust
Jan 202 min read


Colombia Shifts Online Gambling Tax from Player Deposits to Gross Gaming Revenue
The Colombian government has revamped its approach to taxing online gambling, moving the 19% value-added tax from player deposits to gross gaming revenue (GGR). The new policy, which came into effect on January 1, focuses on the actual revenue generated by operators rather than taxing all funds deposited by players. The deposit-based 19% VAT was initially introduced in February 2025 as a temporary measure amid internal unrest. Throughout 2025, this tax structure faced widespr
Jan 82 min read
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