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Markets Insider

GammaStack Announces Recent Enhancement of Its Casino Games Offerings

For revolutionising its comprehensive set of iGaming offerings, GammaStack has enhanced its casino gaming offerings including but not limited to sweepstakes casino, casino game development, online casino platform, slot game development and provably fair casino games. RIGA, LATVIA / ACCESSWIRE / March 21, 2024 / GammaStack has recently updated and…

Industry ・ 9 hr

West Island

Pennsylvania Gaming Industry Booms with Record High Revenues in March

In the highly competitive gaming sphere, Pennsylvania emerges as the shining star, painting a vibrant picture of booming revenues, spectacular performances, and an ever-expanding landscape free of stagnation. Perhaps, most notably, Parx Casino stamped its authority as the undisputed king of brick-and-mortar casinos in the coveted Keystone State, as…

Industry ・ 5 days

focusgn.com

Dutch gambling operators respond to “irresponsible” proposal to ban online slots

The trade association NOGA has responded after MPs voted for a ban. The Netherlands.- The Netherlands Online Gambling Association (NOGA) has described Dutch MPs' vote in favour of a ban on online slots as "thoughtless and irresponsible". MPs also narrowly voted in favour of motions to ban all online gambling advertising and to require mandatory…

Industry ・ 6 days

focusgn.com

Dutch MPs vote to ban high-risk online slots

Members of the House of Representatives also voted for a ban on online gambling advertising. The Netherlands.- A narrow majority of MPs in the Dutch House of Representatives have voted in favour of motions to ban online slots and to prohibit online gambling advertising. Other motions call for mandatory financial risk checks and identification for…

Law ・ 7 days

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Gambling Insider

GiG expands into Swiss market with Grand Casino Basel partnership

Gaming Innovation Group (GiG) has announced its foray into the Swiss online market through a partnership with Grand Casino Basel, an established name among Switzerland's land-based casinos. This collaboration marks GiG's debut in the Swiss regulatory environment, with Grand Casino Basel's existing online operation - Golden Grand Casino - set to…

Industry ・ 8 days

iGaming Business

Pennsylvania records 5% increase in online gambling for 2023

The update report was entitled "Pennsylvania Interactive Gaming Assessment: Online Gambling Report 2023". It summarised three years of data from over 1800 adults from across the state. It sought to better understand the impacts of online gambling on the state's populace since it was legalised in 2017. The survey was developed by Penn State's…

Industry ・ 8 days

AGB - Asia Gaming Brief

Lower licensing fee enhances competitiveness of POGOs

Speaking to AGB, Andy Jeon, COO of the remote slot solution provider Winn Tech, considers that the licensing fee set by the Philippines gaming regulator will enhance the competitiveness of POGOs. He notes that these operators "not only need to compete with land-based casinos but also with the grey market." Jeon indicates that online-based gaming…

Industry ・ 9 days

focusgn.com

KSA works with Cloudflare to identify unlicensed gambling sites

The Dutch gambling regulator has used the global server network to block access to certain sites. The Netherlands.- The Dutch gambling regulator Kansspelautoriteit (KSA) has said that it has worked with the global server network Cloudflare to identify unlicensed gambling websites. It said that it used the network to block affiliate sites after…

Law ・ 16 days

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World Casino News

KSA Monitoring Report for Dutch Online Gambling Market

Kansspelautoriteit (KSA), the Gaming Authority in the regulated market of Netherlands, has released on 4 April 2024 an official monitoring report of the Dutch gaming industry performance in 2023. The regulator's report, the sixth published since the launch of legalized gaming operations in the country, reveals that online gambling operations…

Industry ・ 20 days

SBC Americas

New Jersey to overhaul online gaming revenue reporting

New Jersey is revamping the way it reports gaming revenue in the state and will begin breaking down the numbers by individual operator, the Division of Gaming Enforcement (DGE) says. Starting with the state's March revenue report which will be published in mid-April, the Garden State will provide more transparent insight into how specific operators…

Industry ・ 21 days

sfexaminer.com

GammaStack has Announced Upgrades to its Slot Game Development Offerings

GammaStack, a leading iGaming software and game development company, has the comprehensive range of development services iGaming businesses, casino operators, and casino businesses seek. Its numerous offerings include sports betting, online casinos, game development, live dealer casinos, and fantasy sports. Recently, GammaStack made headlines with…

Industry ・ 21 days

ESPN

Online gambling operators launch responsible betting organization

Seven of the United States' largest online betting operators have joined together to create the Responsible Online Gaming Association (ROGA), an organization committed to promoting "responsible online gaming by supporting independent research, promoting best practices, and driving consumer and industry education and awareness efforts." The…

Industry ・ 27 days

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World Casino News

PA Senator Pushes For Online Gambling Credit Card Ban

Wayne Fontana, a Pennsylvania State Senator, intends to present a bill that would forbid the utilization of credit cards for online casino play, fantasy sports, iLottery and for online sports gambling. The main goal of this legislative push is to change the current rules that permit Pennsylvania residents to utilize credit cards to finance the…

Payment Methods ・ 16 March 2024

focusgn.com

1spin4win launches Hold and Win network promotion for online casinos

The igaming provider's promotion is scheduled from March 25 to April 2. 1spin4win has announced the launch of its "Hold and Win: Spring Blooming Fortunes" network drop promotion, scheduled from March 25 to April 2. Open to all online casinos featuring the studio's games, the event boasts a €20000 prize pool distributed across 515 cash drops and…

Crypto ・ 14 March 2024

news.cision.com

Slot Dominance: Online Casino Games Snapshot 2024

Examining the 2023 online casino landscape and early 2024 trends reveals that slots still hold over 80% market dominance. However, there are notable shifts in the popularity of specific games. Leveraging data from its Game Aggregator, a leading hub for iGaming projects, SOFTSWISS shares insights gathered by analysing more than 300 clients and 16500…

Live Gambling ・ 04 March 2024

focusgn.com

Slot dominance: Online casino games snapshot

SOFTSWISS shares insights gathered by analysing more than 300 clients and 16500 games. 2023 online casino landscape and early 2024 trends reveals that slots still hold over 80 per cent market dominance. However, there are notable shifts in the popularity of specific games. Leveraging data from its Game Aggregator, a leading hub for igaming…

Games ・ 03 March 2024

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West Island

Black Hawk Casinos Outshine Las Vegas Titans

With consistency reminiscent of the desert's eternal sun, Las Vegas once again dazzled at the pinnacle of the United States' commercial casino market in 2023. Yet within the echelons of this high-revenue society-a tableau marked by little fluctuation-there was a notable exception. Black Hawk and Central City in Colorado exemplified vigor, emerging…

Industry ・ 22 February 2024

EGR

New York casino workers oppose legalization of igaming

Casino workers in New York have written an open letter to oppose the legalization of online gambling legislation in the state after fresh bills were put forward to bring the vertical live. Empire State Senator Joseph Addabbo put forward a fresh bill last month in an attempt to legalize the vertical. SB8185 would see a 30.5% tax rate on GGR and a…

Law ・ 21 February 2024

Gambling

Michigan Online Casinos Boost Land-Based Casinos' Revenues

The longstanding perception that online casinos are undermining brick-and-mortar casinos is thrown into doubt after Eilers & Krejcik Gaming (EKG), a research and analytics company, published its comprehensive report titled Comparing Online and Land-based Casino Gaming. The study assessed the impact of casino sites on land-based operators'…

Land-based ・ 21 February 2024

lapatilla.com

Online Gambling Landscape in Latin America and New Zealand Compared

The Latin American online gambling market is developing at an incredible speed. It is estimated at $12.18 billion in 2023 and is expected to grow at a CAGR of 3.2%. The user penetration rate in South America is 2.1%. New Zealand is a much smaller country by area and population, but online gambling is even more popular in this country. The casinos…

Industry ・ 19 February 2024

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iGaming Business

Chile casinos revenue climb 9.1% to CLP513.7m in 2023

The sharp rise in gross gaming revenue (GGR) across the country's 25 venues was helped by 7.1 million people visiting casinos in Chile in 2023, a 12% increase compared to the previous year. The average expense per visit was CLP$76042, although this was a 12% decrease in the average expense per visit seen in 2022. The overall rise in GGR was despite…

Finance ・ 16 February 2024

iGaming Business

EKG study: Online casinos improve revenue at land-based venues

The report was authored by gaming consultancy Eilers and Krejcik Gaming (EKG). It analysed data from casinos, regulators and state governments over a period of 16 years, with the aim of discovering whether online gaming cannibalises revenue from land-based casino. To determine what, if any, effect the introduction of online casino has on land-based…

Sports ・ 15 February 2024

Pokerfuse

Online Casino & Poker Bill Moves Forward in Illinois

Illinois is considering a bill (HB 2239) to legalize online gaming, potentially making it the eighth state for online casinos and ninth for online poker. The bill allows qualified licensees to offer three individually branded internet gaming platforms. Operators would be taxed at 15% of adjusted GGR, with a $250000 fee for an internet gaming…

Poker ・ 07 February 2024

jcnnewswire.com

GammaStack is Exhibiting Its iGaming Offerings at ICE 2024

RIGA, LATVIA, Jan 12, 2024 - (ACN Newswire) - GammaStack is prepared to demonstrate its presence as an exhibitor at ICE London 2024. They are all set to showcase their detailed iGaming offerings at stand S1-222. Having a remarkable presence in the industry for more than 13 years, GammaStack has gained significant recognition for offering…

Industry ・ 07 February 2024

iNtergame

Groupe Partouche growth fuelled by slot revenue

The company's annual accounts up to October 31 also showed turnover of €423.8m, up nine per cent, and an EBITDA increase of 0.7 per cent to €76.1m. The group said the performance was fuelled by growth in slot machine revenue of 7.6 per cent, the GGR of electronic forms of traditional games in France - up 20.3 per cent - and online games in…

Finance ・ 31 January 2024

World Casino News

Svenska Spel Decides To Close 2 Casino Cosmopol Venues

Svenska Spel plans to officially close the Casino Cosmopol facilities in Malmö and Gothenburg. The main reason for this decision is the limited profitability of the facilities, the firm revealed on January 24. The rise of online gambling as a cause of closure: The increase in online casinos during recent years has led to a decrease in the number of…

Law ・ 25 January 2024

iGaming Business

Svenska Spel to close Casino Cosmopol in Gothenburg and Malmö

With the rise of online casino causing Casino Cosmopol's visitor numbers to fall in recent years, the Swedish land-based casino brand of Svenska Spel has decided to permanently close the doors on two of its three venues to "limit losses". Union negotiations will now be held before a final decision is made. The Gothenburg and Malmö closures mean the…

Finance ・ 25 January 2024

GGRAsia

Yield per Macau slot machine in 2023 above 2019 levels

Slot-machine gross gaming revenue (GGR) in Macau reached MOP10.92 billion (US$1.36 billion) in full-year 2023, accounting for nearly 6.0 percent of the aggregate MOP183.06 billion recorded last year, according to official data. Revenue from slot machines last year recovered to 72.1 percent of 2019, the last trading year before the onset of the…

Industry ・ 23 January 2024

EGR

Online casino legalization not included in New York Governor’s 2025 state budget

Online gaming legalization has been dealt a potential setback following the publication of New York State Governor Kathy Hochul's executive budget for 2025. Igaming was not included as part of Governor Kochul's budget, which totals $233bn for the year, representing a 4.5% year-on-year (YOY) increase. The budget included no mention of the projected…

Finance ・ 18 January 2024

EGR

Senator Addabbo files fresh online casino bill in New York

New York State Senator Joseph Addabbo has formally delivered a fresh online casino bill in an effort to rectify last year's failed attempt to legislate the vertical in the Empire State. The senator introduced SB 8185 yesterday, January 11, as he once again makes a push to bring igaming to one of the US' most populus states. Among the proposed terms…

Law ・ 12 January 2024

iGaming Business

Yield Sec data shows rise in black market targeting at-risk players

The research revealed a rise in players who had self-excluded on GAMSTOP being targeted by the black market. The number of illegal operators was also found to have increased "fourfold" between 2021 and 2022. That number doubled again to 231 during 2023. In total, more than 1000 affiliates helped to publicise illegal operators. According to Yield…

Incidents ・ 11 January 2024

Global Village Space

Leading Software Giants: Best Online Casino Providers

The global casino gaming market is estimated to reach US$138.10 billion by 2028, driven by a 7.76% CAGR and the rapid growth of leading online casino software providers like Aristocrat, NetEnt, Bally, Pragmatic Play, and Novomatic. It is fueled by a rapidly expanding user base expected to reach US$243.2 million by 2028, with a 3.0% user penetration…

Industry ・ 10 January 2024

Seeking Alpha

Las Vegas casinos look to ride hot streak into 2024

Las Vegas Strip casinos begin the new year on a hot streak after the F1 Formula race on the Las Vegas Strip in November provided a significant boost to the region and new openings in December created strong buzz. Las Vegas Strip gross gaming revenue jumped 22.6% year-over-year to $821M, which was the highest ever for the typically slow month and…

Land-based ・ 05 January 2024

iGaming Business

Brazil green lights online gambling regulation

Brazil's chamber of deputies has now voted to approve online gambling, giving the final green light for the market to be regulated in 2024. Yesterday evening's vote on 21 December follows the senate plenary approving Bill 3626/2023 on Tuesday 12 December last week. Now that the Bill has been approved by the chamber of deputies, it will be passed…

Law ・ 22 December 2023

Card Player

Pennsylvania Gaming Revenue Hits New Highs With Yet Another Record Month of Growth

Gaming revenue in the state of Pennsylvania continues to rise, with some online casino providers gaining increasing traction in the market, such as Caesars, which has seen a marked increase in action in terms of downloads in recent months. September 2023 saw online casinos in Pennsylvania reach revenue of $187.3 million, which was a record-breaking…

Finance ・ 18 December 2023

iGaming Business

German gambling: Can the market be saved?

As anyone who has followed the history of the German gambling market will know, legalisation of online casino and sports betting was a long time coming. When the government first moved to regulate the gambling market back in 2008, it was less a road towards liberalisation and more an attempt at prohibition. This took the form of an outright ban on…

Law ・ 16 December 2023

iGaming Business

Chile's Chamber of Deputies passes online gaming bill

The bill was approved by a large majority of the chamber. It aims to carve out a competitive online gaming market in the country, while protecting the health and safety of players. If passed into law, the bill would give new powers to several Chilean regulatory bodies. These include the Superintendence of Casino Games (SCJ), the Commission for the…

Industry ・ 15 December 2023

iGaming Business

Slot Trumps Greece: Engaging casino players with EveryMatrix

As we reach our third global igaming market as part of our Slot Trumps research, we are rapidly building up a detailed picture of player preferences. Our reports have spanned some of the world's fastest growing regulated and newly regulating territories. If Romania was split between a mix of classic slot fans and Bonus Buyers, and Brazil was made…

Law ・ 07 December 2023

AGB - Asia Gaming Brief

Macau mass table gaming almost fully recuperated to pre-pandemic results, slots still lagging

Under the new gaming concessions granted since January 1st, 2024, the number of tables and slots in Macau was reduced to 6000 and 12000, a 13 and 6 percent reduction from the last count before the changes, respectively. MGM was the only one of the six concessionaires to receive an increase in table allocation, with the other five concessionaires,…

Industry ・ 04 December 2023

iGaming Business

French illegal gambling worth up to €1.5bn per year

Research published by the French gambling regulator l'Autorité Nationale des Jeux (ANJ) identified 510 illegal websites generating traffic. Of these, 21 alone were estimated to generate 60% of illegal gambling traffic. The study, carried out by PwC, estimates that the gross gaming revenue (GGR) generated by illegal gambling is between €748m and…

Law ・ 04 December 2023

GGRAsia

Mohegan Inspire still eyes 1Q24 casino debut: president

The new Mohegan Inspire Entertainment Resort in South Korea, which had a soft opening on Thursday for non-gaming facilities including its 1275-room hotel and 15000-seat Inspire Arena, is still hopeful it can launch its foreigner-only casino in the first quarter of next year, affirmed Chen Si, property president, in an interview with…

Travel ・ 01 December 2023

forexcrunch.com

October Records: From Zero to Hero at Bitcoin Casino

In the world of online gambling, it's often said that luck favors the brave, and at Fairspin, see stories of awesome jackpots all the time. Our players transformed their lives with incredible wins, and October was no exception. Let's take a closer look at these records, showcasing how impressive multipliers were this month. October Success Stories…

Crypto ・ 30 November 2023

talk-business.co.uk

Unveil the Gravity Sic Bo: Changing the Face of Asian Online Gambling

Enthralling the gambling arena of Asia, Beter Live is introducing its fascinating Gravity Sic Bo. Their team specifically aligns this new addition to their Gravity collection with the existing goliaths, Gravity Roulette and Gravity Blackjack. What helps them stand apart from others is the extensive usage of localized tables. They offer an…

Sic-Bo Games ・ 27 November 2023

Hindustan Times

Casinos: Goa's trump card or bad bet?

Goa's largest casino operator the Deltin Group and its two subsidiaries, HighStreet Cruises Pvt Ltd and Delta Pleasure Cruise Pvt Ltd, which runs three offshore and one 5-star casino in Goa, possibly the state's single largest tax contributor, are battling multiple notices from the tax authorities that, if penalties are included, amounts to ₹23000…

Law ・ 27 November 2023

GGRAsia

Philippines 3Q industry GGR US$1.03bln, up 15pct y-o-y

The Philippine casino sector produced gross gaming revenue (GGR) of PHP56.85 billion (US$1.03 billion) in the third quarter, a slight increase from PHP56.61 billion in the preceding quarter. The tally rose 15.1 percent from the prior-year period. That is according to data released on Thursday by the country's casino regulator, the Philippine…

Industry ・ 24 November 2023

Asgam

The MGM Resorts casino hack … where was the regulator?

The hacking of MGM Resorts' computer and data storage systems in September last reportedly cost the group around US$100 million in EBITDAR, according to its SEC filing dated October 5, 2023. Having personally experienced the impact of the cyberattack, I believe it would have suffered even greater losses, but for the apparent slow response of its…

Law ・ 13 November 2023

iGaming Business

Studio City Casino records first post-Covid operating profit in Q3

Studio City International Holdings, the Melco-operated integrated resort's owner, saw a year-on-year lift in takings in part thanks to the opening of Studio City Phase 2 in April. New features include the Studio City Indoor Water Park and a new hotel construction called Epic Tower. Furthermore, entertainment and tourism revenues have surged across…

Finance ・ 07 November 2023

iGaming Business

EveryMatrix winning streak continues as casino record falls in Q3

EveryMatrix saw revenue up 79% year-on-year to €60m ($64.2m/£52.1m) during the three months to 30 September. Net revenue reached a record €27.2m, which was up 62%, and with a three-year CAGR of 47%. The technology supplier's success was driven by strong growth across business segments. It was yet another record quarter for casino, with operator…

Sports ・ 07 November 2023

World Casino News

Pagcor Upgrades Casino Filipino To Generate $321 Million

Following the recent move to transform the state-run Philippine Amusement and Gaming Corp (Pagcor) into an exclusively regulatory entity, this governmental agency's chairman and chief executive Alejandro Tengco suggests the stakeholders to reconsider the financial capabilities of the Pagcor - operated chain of retail gambling venues Casino…

Industry ・ 07 November 2023

iGaming Business

Pagcor CEO: Philippines gambling industry at pre-pandemic levels

Speaking over the weekend Tengco said the lifting of travel and movement restrictions has increased leisure, travel and entertainment activities. This, the Pagcor chief said, will help sustain the growth trajectory of the Philippines gaming industry for years to come. Like many other regions, the Philippines had to endure strict measures during the…

Industry ・ 06 November 2023

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greekreporter.com

Greeks Spent Billions Gambling in Last Eight Months

The Greek gaming industry saw a turnover surge of 28% between January and August, which puts the country on track for a new record by the end of the year. Greeks have parted with a total of 22.7 billion euros in those eight months, which have gone towards online gambling, chance games organized by the Greek Organization of Football Prognostics…

Industry ・ 23 October 2023

Analytics Insight

Casino Revenue Statistics: Trends and Analysis Report

The gambling industry is a major contributor to the global economy, generating billions of dollars annually through many forms, such as sports betting, lotteries, online gambling, and more. With the increasing popularity of online gambling and the legalization of gambling in more countries, more and more people have been hooked on it. As a result,…

Industry ・ 20 October 2023

West Island

Parx Casino Thrives as Pennsylvania's Only Smoke-Free Establishment, Outshines Conventional Competition

Nestled in the heartland of Bensalem, a stone's throw north of Philadelphia, lies Pa.r.x Casino, a trailblazer in the state's gambling landscape. This property, together with its satellite counterpart, Parx Casino Shippensburg, boasts the unique distinction of being the only fully smoke-free casinos in Pennsylvania. Unfazed by the mandate requiring…

Industry ・ 20 October 2023

iGaming Business

Netherlands' NGR up 85% in 2022

The report is based on 2022 only, as it was the first full calendar year for the Netherlands' online gambling market. The country's market officially opened in October 2021, following the passage and ratification of the much-delayed Remote Gambling Act (KOA). This month marks two years since the market became live. NGR comprises of deposits minus…

Industry ・ 20 October 2023

4Flush

Players Might Not Gamble at Three Detroit Casinos Once Their Staff Strikes

Three casinos in Detroit might cease their operations if thousands of their unionized employees strike on Tuesday at noon as they had threatened. The Detroit Casino Council (DCC) issued the threat shortly before the worker's contracts expired on Monday. The Detroit Free Press stated that the employees' unions represent them and didn't succeed in…

Industry ・ 18 October 2023

iGaming Business

Live dealer on the rise

Online casinos have already made headway in key US markets, including New Jersey, Michigan, Pennsylvania and West Virginia. But beneath the online casino umbrella, there's a distinctly unique sector that continues to garner traction as players warm up to online play: live dealer. It has long been a staple among players in mature overseas markets…

Live Gambling ・ 17 October 2023

Asgam

Macau’s SJM revises upwards maximum payable to Angela Leong for use of L’Arc casino space, Jai Alai building

SJM Holdings said Thursday that it has revised upwards a series of agreements with its own Co-Chairman and Executive Director, Angela Leong, in regard to the maximum amount it must pay to lease casino and retail space from her in the Jai Alai and L'Arc Hotel buildings. As per a Hong Kong Stock Exchange filing, a revised lease agreement for use of…

Industry ・ 13 October 2023

iGaming Business

Germany’s illegal gambling problem

Law ・ 09 October 2023

West Island

Las Vegas Casino Stocks Poised for Comeback Despite Recent Struggles

Despite the harsh downturns seen since early August, a handful of Las Vegas casino equities are locked in bearish trading cycles. Whilst many may interpret this as a cause for concern, there exist analysts who affirm that this dip in performance may merely be a temporary setback, and that the future for Strip operators appears promising in the…

Land-based ・ 04 October 2023

Grandprix 247

Online Casino Innovations: Transforming Leisure and Entertainment in Asia

Asia, with its vast population and unwavering dedication to digital innovation, shine­s as a pivotal region within the expanding re­alm of online casinos. From captivating gameplay and cutting-edge­ graphics to personalized gaming experiences, let us e­xplore how gaming technology is revolutionizing le­isure and entertainme­nt for Asian…

Travel ・ 26 September 2023

iGaming Business

Slotegrator: Launching a successful online casino from the ground up

Industry ・ 26 September 2023

European Gaming

SOFTSWISS Shares 54 Vital KPIs for Online Casinos and Sportsbooks

SOFTSWISS experts have compiled a comprehensive guide containing 54 essential metrics, a curated list of valuable analytical tools, and insights into global trends in the casino and sports betting industry. The guide is readily available for free download. The document helps increase understanding of the most important iGaming key performance…

Industry ・ 25 September 2023

Casino News Daily

Spain Market Quarter 2 Gambling Revenue Surges 55.1%!

With the daily development of the iGaming industry, the numbers showing the increase or decrease in profits of a market are constantly changing. Spain is one of the markets that can boast improvement! Spain's gross gambling revenue (GGR) experienced substantial growth in the second quarter of the year, rushing by 55.1% year-on-year to reach €312.6…

Finance ・ 23 September 2023

Great Andhra

India's Gambling Regulation Pros

Online gambling is a controversial topic that has divided opinions among different stakeholders. Some argue that online gambling is a harmful activity that can lead to addiction, fraud, and crime. Others claim that online gambling is a legitimate form of entertainment that can provide economic benefits and social opportunities. In this article, we…

Law ・ 21 September 2023

GGRAsia

LT Game readies new LMG product as Macau recovers: Chun

A new'live multi-game' (LMG) product for electronic versions of casino games featuring a live dealer, is being planned for launch before year-end by Macau-based specialist in the field, LT Game Ltd, said boss Jay Chun (pictured), in an interview with GGRAsia. The newcomer, branded "Nera", should make an appearance "by the end of this year", stated…

Industry ・ 21 September 2023

NJ Biz

Gaming revenue crosses $500M mark in August

Finance ・ 19 September 2023

West Island

Atlantic City Casinos Bounce Back, Report $280M Gaming Revenue in August 2023

In a dramatic turnaround following July's disappointing decline of over 13% in gross gaming revenue (GGR), Atlantic City casinos shifted gear in August. The nine prominent resorts on the Atlantic City Boardwalk witnessed a resurgence in their retail gaming revenue, achieving an impressive $280.2 million in winnings from slots and table games. The…

Land-based ・ 19 September 2023

Casino City Times

Massachusetts casinos generate $98 million in August 2023

Gaming News 18 September 2023 (PRESS RELEASE) -- The Massachusetts Gaming Commission reported that the month of August 2023 at Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor (EBH) generated approximately $98 million in Gross Gaming Revenue (GGR).Additionally, approximately $22.71 million in Taxable Sports Wagering…

Law ・ 18 September 2023

ROI-NJ

Atlantic City’s total gaming revenue in August on track to be best gross in a decade

The New Jersey Division of Gaming Enforcement on Friday announced August's total gaming revenue results are on track to be the industry's best year for gross gaming revenue in more than a decade. Total gaming revenue reported by casinos, racetracks and their partners was $531.6 million for August, reflecting a 12.9% increase from $470.7 million…

Finance ・ 18 September 2023

Asgam

Macau government tax take from casino industry climbs 9.5% to US$799 million in August

The Macau government collected a total of MOP$6.44 billion (US$799 million) in gaming tax revenue in August, up 9.5% over July and representing the highest monthly tally since the start of the COVID-19 pandemic. The improvement reflects rapidly rising gaming revenues across Macau's casino industry, with GGR having climbed each and every month for…

Industry ・ 15 September 2023

topnews.in

Construction of Nebraska’s Grand Island Casino Resort to kick off in October 2023

The much-anticipated construction of the $100 million Grand Island Casino Resort at Fonner Park in the U.S. state of Nebraska is approaching rapidly, as project officials have set their sights on starting construction next month. Fonner Park's transformation into a Las Vegas-style casino destination was made possible after state voters' decisive…

Land-based ・ 10 September 2023

World Casino News

Casino Victoria de Grasse To Shut Down Its Doors Permanently

Following one-day strike employee strike that was reported on July 10, 2023, Casino Victoria de Grasse located in the Alpes-Maritimes jurisdiction of France, has decided to cease operations for good. The decision was made after the Directorate of Public Liberties and Legal Affairs (DLPAJ) of the Ministry of the Interior canceled its gaming license,…

Jobs ・ 05 September 2023

European Gaming

Hands-on tips on elevating your online casino business through custom iGaming content

In today's world, where everything is personalized, the iGaming industry is no different. There are so many games out there, and every casino wants to attract and keep players for as long as possible. A noticeable shift has occurred since 2020 when casinos could effortlessly attract new players due to surging demand. In 2023, operators must adopt…

Industry ・ 04 September 2023

iGaming Business

North Carolina casino legislation: Winners and losers

Much of the news emanating from North Carolina this last year revolved around online sports betting. But a recent draft casino bill circulating among legislators in the Tar Heel state has gained some support. The bill has the potential to disrupt fledgling casino developments in Virginia, especially Caesars Virginia in Danville. It also potentially…

Law ・ 31 August 2023

Seeking Alpha

Las Vegas casinos post big numbers in July as conventions, leisure travel play in

Nevada gaming win for July rose 6.7% from a year ago to $1.40B. The tally makes it the 29th month in a row that gaming win in the state has been over $1B. The solid demand in the Las Vegas region this year has taken some of the sting out of the argument that legalized online sports betting and brick-and-mortar gambling in new states would cut…

Land-based ・ 31 August 2023

Asgam

Mass gaming leads SJM Holdings to 241% year-on-year increase in GGR to US$722 million

Macau concessionaire SJM Holdings reported gross gaming revenues of HK$5.66 billion (US$722 million) in the three months to 30 June 2023, up 241% year-on-year and 35% higher than the March quarter. However, gaming revenues were still at just 56% of pre-COVID levels, largely due to the collapse of the junket industry. Group-wide VIP GGR was just 15%…

Industry ・ 22 August 2023

European Gaming

1SPIN4WIN RELEASES FOUR NEW SLOTS FOR ONLINE CASINOS THIS AUGUST

1spin4win, a growing iGaming content provider and pioneer in crafting retro-style games, enriches online casino catalogs with four classic titles set for August. Specializing exclusively in slot development, the studio's products are captivating an ever-expanding player base, with an impressive+718% year-on-year increase in GGR. Clients of…

Software ・ 17 August 2023

Sports Gambling Podcast

Online Casinos Continuing to Grow in the USA

The May figures for commercial gaming revenue have produced mixed results. While total gross gaming revenue (GGR) is again on the increase, growth is slowing down according to the American Gaming Association (AGA)., reported by aGamble.com, an online gambling guide. Total GGR for the US was $5.49 bn and that was 6.4% higher than the figure reported…

Finance ・ 09 August 2023

The Daily Gazette

- Report: New York casinos failing to meet revenue projections

SCHENECTADY - Despite recent gains, New York's four commercial casinos, including Rivers Casino & Resort in Schenectady, have failed to meet revenue projections established four years ago, according to a new report released Thursday by the state's comptroller's office. The 24-page report found that local governments have collected $176 million in…

Finance ・ 04 August 2023

Yogonet

Slotegrator analysis: Is Anjouan the new Curaçao?

This year brings new changes to the world of iGaming licensing: Curaçao licensees will operate under more stringent regulations from September 2023. Sad news for newcomers - market entry just got harder. Does the island of Anjouan offer a quicker alternative? Slotegrator's experts highlight why many new operators think so. Curaçao, long known as…

Law ・ 02 August 2023

Yogonet

Pennsylvania's gaming industry sees new record fiscal year with $5.5B in revenue for FY22/23

The Pennsylvania Gaming Control Board (PGCB) has announced a landmark achievement for the state's gambling industry, as gross gaming revenue (GGR) from all regulated verticals soared to an unprecedented $5513729520 during the 2022/2023 fiscal year. The record-high revenue is also the second time the state eclipses the $5 billion mark and helps…

Finance ・ 19 July 2023

iGaming Business

Czech gambling reform calls for harsher blocks on illegal operators

The proposed amendments follow a review of Czech Republic's Gambling Act, in force since 1 January 2017. The Impact Assessment of the Regulation of the Act on Gambling and Related Legislation (RIA) aims to increase player safety and keep crime out of the market, while expanding legal gambling options. To better protect players land-based and online…

Law ・ 19 July 2023

Analytics Insight

Top iGaming Opportunities: What’s in for a Player?

The online gambling industry is an inescapable part of the future, with more and more people turning to online platforms to gamble. In 2022, the global online gambling market reached a value of $63.5 billion, with projections indicating a compound annual growth rate of 11.7% from 2023 to 2030. This surge is driven by scaling investments in online…

Industry ・ 18 July 2023

iGaming Business

India sets online gambling tax rate at 28%

The GST Council declared the decision during its 50th GST Council meeting. The GST has not confirmed when the rate will be begin, although amendments to existing legislation will be necessary to facilitate the tax. The new tax will be applied to the full-face value of a bet, rather than gross gaming revenue (GGR), making it a turnover-based tax. In…

Finance ・ 18 July 2023

NJ Biz

AC casinos continue adapting to 'new' normal, June figures show

In his remarks following the release of the Division of Gaming Enforcement's (DGE) June 2023 numbers late last week, New Jersey Casino Control Commission Chairman James Plousis commented that, "Atlantic City's casino hotels are building synergy between online and traditional gaming by providing customers the opportunity to enjoy the diverse…

Industry ・ 18 July 2023

Business Today

Delta Corp investors lose Rs 1,321 crore as gaming and casino stock slips another 10%

The crash in Delta Corp Ltd shares in early deals today led to a decline in the market capitalisation of the gaming and casino firm by Rs 1321.45 crore. Market cap of Delta Corp fell to Rs 5287.14 crore today against Rs 6608.59 crore in the last session. The correction in the stock came after the GST Council decided to levy a 28 per cent GST on…

Finance ・ 12 July 2023

Dazeinfo

Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous

The latest announcement of a tax increase by the GST council on the online real money gaming industry has sent shockwaves through businesses like Dream11, MPL, Crickpe, Games24x7, and players in the industry. In fact, the move has apparently jeopardised their future growth plans and their existence. The GST council, led by the formidable Union…

Industry ・ 12 July 2023

World Casino News

Keys to growing online casino revenue in the U.S.

In 2022 in the United States, online casino revenue in the six states where iGaming is legal, New Jersey, West Virginia, Michigan, Delaware, Pennsylvania, and Connecticut, grew 35.2 percent year-over-year (YoY) to $5.0 billion. That is, since the highest court in the nation overturned the Professional and Amateur Sports Protection Act (PASPA) in…

Finance ・ 07 June 2023

Review Journal

Clark County’s $1B gaming win streak ends; state sees record April

Casino gaming win in Clark County in April ended its 11-month streak of winning $1 billion or more, but the state still managed to have its best April on record winning $1.16 billion from gamblers for the month, the Nevada Gaming Control Board reported Wednesday. Nevada has recorded $1 billion in gaming win only five times in April, three of which…

Industry ・ 01 June 2023

European Gaming

Light & Wonder Partners with Grand Casino Luzern

Light & Wonder Inc. is set to bring new worlds of play to online players in Switzerland for the first time, after signing a deal to launch its licensed OpenGaming aggregation platform with top operator Grand Casino Luzern. As market leader, Grand Casino Luzern dominates the Swiss online casino market with mycasino since its launch in August…

Industry ・ 26 May 2023

Casino City Times

Light & Wonder hits the Swiss market with Grand Casino Luzern

Gaming News 25 May 2023 (PRESS RELEASE) -- Light & Wonder, Inc. is set to bring new worlds of play to online players in Switzerland for the first time, after signing a deal to launch its licensed OpenGaming aggregation platform with top operator Grand Casino Luzern. As market leader, Grand Casino Luzern dominates the Swiss online casino market with…

Industry ・ 26 May 2023

Yogonet

Massachusetts gambling revenue totals $160M in April, up almost 5% from March

Massachusetts' casinos and sports betting operators combined to generate just over $160 million in gross gaming revenue (GGR) during the month of April, according to the latest monthly report from the Massachusetts Gaming Commission. Revenue was up by almost 5% on a monthly basis when compared to $152.6 million during March. Of the $160 million in…

Finance ・ 21 May 2023

Indian Gaming

Mohegan $41.3M in April Slot Revenue

Home In the News Mohegan Sun Reports $41.3M in April Slot Revenue, Contributes $10.3M to State UNCASVILLE, CT - Mohegan Sun has reported a slot revenue of $41390731.16 for April 2023. This revenue results in a direct payment to the State of Connecticut in the amount of $10347682.79. Mohegan's iGaming Division, Mohegan Digital, also had a strong…

Finance ・ 20 May 2023

AGB - Asia Gaming Brief

Slots aren’t going away, PH market is perfect to test for success

Please find a summary of some of the key points below: 03:10 - Philippine market is a jackpot market, need to tweak the available jackpots, because punters are seeking large, life-changing jackpots. 04:16 - Some 50 to 60 percent of Philippine GGR is slots. Large jackpots are difficult for operators. 05:18 - Focus on link-progressive in PH…

Covid ・ 09 May 2023

Asgam

Mass baccarat contributed 59% of Macau-wide GGR in 1Q23

Mass market baccarat continues to dominate the Macau gaming landscape, with figures published by the Gaming Inspection and Coordination Bureau showing it contributed MOP$20.51 billion (US$2.54 billion) in gross gaming revenues in the first three months of the year - comprising 58.9% of market-wide GGR. While this was slightly down on the 62.9%…

Baccarat ・ 05 May 2023

iGaming Brazil

Virginia records $37 million in betting revenue in March

The Virginia Lottery has released its report on casino gaming activity for the Hard Rock Hotel & Casino Temporary Bristol and Rivers Casino Portsmouth for the month of March 2023. The two state casinos reported total betting revenue of $37, 4 million, down 2% from February's $38.4 million. Slots accounted for $27.8 million of the total, while table…

Finance ・ 20 April 2023

US Bets

Operators Starting To Grow Their In-House Casino Games

Right now, only six states allow legal online casino gambling: New Jersey, Pennsylvania, Michigan, West Virginia, Connecticut, and Delaware. Clearly, there is plenty of room for the industry to grow, and it's not exactly a trade secret to note America's sportsbooks and casino operators are looking to a future where more and more states legalize…

Games ・ 18 April 2023

World Casino News

Will New IR in Osaka Affect the Macau Gambling Industry

Macau, also known as "Asian Gambling Mecca," was a haven for Asian tourists who enjoyed gambling and various casino games. However, the situation might be changing since Japan decided to legalize casino gaming. New integrated resort in Osaka: Legalizing the Japanese market will possibly have a negative impact on Macau, as well as the other regional…

Industry ・ 17 April 2023

GGRAsia

Macau mass baccarat nearly 60pct of 1Q GGR: regulator

Mass-market baccarat generated nearly MOP20.51 billion (US$2.54 billion) in Macau in the first three months of 2023, or 59.2 percent of all casino gross gaming revenue (GGR) in the period. The figure represented an increase of 89.5 percent year-on-year, and was up 207.8 percent quarter-on-quarter, according to data released on Monday by the city's…

Industry ・ 17 April 2023

Yogonet

Brazil's unregulated online gambling industry is estimated to generate $29.7B+ per year

Online sports betting companies have multiplied in Brazil: they are increasingly popular, and only one soccer team (the most popular sport in the country) does not have a sponsorship from this segment. Estimates presented by O Globo assure that this sector moves u p to 150 billion reais a year in the country ($29751.65 million) but operates…

Law ・ 16 April 2023