Las Vegas Sands Corp has reached a deal with its lenders about its dividend program. The company will suspend its program until the end of 2022 unless it reaches liquidity of a billion dollars. LVS will sell off its Las Vegas properties for $6.25 billion. It suffered a $757 million loss in 2020 due to the COVID-19 pandemic and another $139 million in the second quarter of 2021.
Yggdrasil has received a new supplier license for its online casino games suite in Greece. The Hellenic Gaming Commission has been very generous and given licenses to both local and international companies. Ygg drasils games have Game Engagement Mechanics (GEM) which should be attractive to local online gaming operators.
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46,575 people were prosecuted this year for crimes related to gambling. The vast majority of prosecutions were in relation to the establishment of casinos. Online gambling is becoming a crime hotspot in China. Cross-border gambling crimes are a major problem. In May, authorities investigated over 18,000 cross- border gambling cases. In Chengdu, 74 suspects were held for running more than 20 illegal gambling apps. State-run lotteries are prohibited in mainland China, except in Macau. online casino gambling outlawed in the Macao.
The lucky player parlayed his €7.25 bet into €3,252,353.70 on November 8 at Genesis Casino. Microgaming’s progressive slot Mega Moolah has made yet another player a millionaire. The winner will receive the jackpot as a lump sum.
NetEnt's online casino game “Starbust XXXtreme” has been released. It is a sequel to the first version released in 2012. It has innovative new features, top-notch graphics, enhanced functionality and fresh properties. The game is still popular among players because of its exciting features and high payout potential.
Slotegrator and Rhino Gaming will partner up to target the Indian gaming market. The main objective of this new partnership is to develop exciting gaming content for the India market and develop new content specifically for that market, which is growing at a fast pace. The focus for Rhino is building new customer relationships and increasing their gaming portfolio. They do not want to rush into anything.
Booongo is giving its portfolio a makeover with a new Promo UI software. The upgrade will be spread across three phases. It will allow online casino operators to have better control over the various Booongo bonus features. The third phase will make the menus clearer and introduce a more visible promotional campaign section. All of the updates are optimized for tablets and mobile devices. They are aimed at improving the gameplay experience. For more information, visit Booongosportfolio.com.
Stakelogic has received a supplier license from The Commission for the Regulation of Gambling and Lotteries in Ukraine. The company will be able to offer its gaming services once the tax legislation has been agreed upon. Gambling in the country was illegal for over a decade before it was legalized in 2020.
In-app purchases for online casino and casual games in India increased by 51 percent for the fiscal ending March 2021. PUBG recorded a lifetime in- app purchase revenue of $40-$50 million before it was banned in the country. In-App Purchases for casual gaming are expected to enjoy a steady growth of 50 percent in FY22. In the last six months, in app purchases have increased 3 times over the past six.
Stakelogic has launched its live dealer studio in Birkirkara, Malta. StakeLogic offers live games such as blackjack, roulette and auto roulettes. The studio has 22 live tables and the background looks glamorous enough to be an actual casino setting. Stakeslogica is working with software developers in Belgrade and Kiev to push the development of streaming technology. It plans to add more live casino games in the coming months.
Asian players are turning to electronic table games instead of live-dealer tables in casinos. The change is due to the COVID-19 pandemic and the social distancing rules enforced by governments. The players also have an enhanced sense of hygiene. They don't touch physical chips and handle cash.
Microgaming is entering the online gaming market in Portugal via a new partnership with the Solverde Group. The two companies formed a partnership through Prima Networks Limited. Solversde.pt is owned by the group and is licensed by SRIJ. There are five land-based gaming establishments under Solerde's control in the country. The first additions will be 28 games from Microgaming’s Indie studio partners.
Cloudbet has started supporting Litecoin and Dogecoin on its platform. The count of cryptos supported by Cloudbet is now 12. New signups will get Dogg coins as a bonus for their first deposit. The casino is focusing on Indian casino gamers.
China took stringent action in 2020 to curb the outflow of capital through cross border gambling transactions. The crackdown has been successful and resulted in the closure of illegal online gambling sites, underground banks and 2800 illegal payment gateways. The authorities have called on Chinese residents who have engaged in cross-border gambling to turn themselves into the police. It is a punishable offense for anyone engaged. in gambling activities. China is keen on bringing a complete halt to all forms of crossborder. gambling tourism and transactions in 2019.
Junket operators in Macau are struggling to recover after COVID-19. China has adopted some stringent laws in 2021. The law was designed to prevent junkets ferrying Chinese VIP gamblers to overseas casinos. Macaese casinos used to rely heavily on junket operations. There is a significant decrease in junkett operations in the last 18 months. MAGEP president predicts that there will be only one or two major junketa operators left in Macao. He believes that the VIP sector will not be the same anymore.
China made changes to its criminal laws making it illegal for anyone to assist Chinese residents in cross-border gambling. China sent out a warning to all Chinese citizens who had engaged in such cross border gambling activities and asked them to surrender before April 30, 2021. Over 35,000 people are currently being investigated for assisting in gambling in 2020.
Google has changed its policy store procedures and will allow 15 new countries to start offering real money gambling apps in the Play Store. The countries that will be permitted to do this include the United States, Australia, Germany, Colombia, Belgium, Canada, Finland, Denmark, Mexico, Japan, Norway, New Zealand, Spain, Romania and Sweden. Developers will have to submit a form for approval and prove that their app meets the International Age Rating Coalition (IARC) and is compliant with Google’s Developer Policy Center's terms and conditions.
Hawaii and Utah are the only states that do not allow gambling. The state budget is $1.4 billion deficit for the next four years. Legislators want to legalize casino gambling and create a mega styled casino resort. They also want a state lottery. COVID-19 will affect the United States most in 2020. Hawaii suffered a lot of financial losses during the lockdown.