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#InTheSpotlightFGN - Bloomberry GGR up 131.2% in Q2 #BloomberryResorts reported that GGR at Solaire improved by 47 per cent compared to the first quarter.

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The Sanford Bernstein team said it expected August casino GGR to decline 89 percent versus the same month in 2019. READ MORE HERE:

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News: Fantasma Games reports 314% increase in GGR for Q2

Solaire casino the star for Bloomberry

Bloomberry Resorts Corporation's GGR rose 131% year-on-year to US$235m in the quarter ending December 31. EBITDA rose by 277% to $70m and net profit was $32m.
Covid
Solaire casino the star for Bloomberry
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E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling

Currently, 18% GST is levied on the commission collected by the online skill gaming platforms. The Indian gaming market is expected to grow from its current valuation of $2.2 billion to $7 billion by 2026. The government has set up an inter-ministerial task force (IMTF) and MeITY has held consultations on regulating the industry. It is the sunrise sector with significant potential for overall economic growth, employment opportunities and contribution to the government’s vision of a trillion-dollar digital economy by 2025.
Law
E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling

IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming

The Internet and Mobile Association of India (IAMAI) has issued an open letter urging the Central Government and the GST Council to preserve the status quo regarding Goods and Services Tax levy on online gaming. Currently, online game companies are charged 18 percent GST over their Gross Gaming Revenue (GGR). The Contest Entry Fees (CEF) are tax free. The Group of Ministers (GoM) which was formed in May last year by the Council recommended a uniform 28 percent levy for all gaming varieties. IAM AI calculates that the implementation of such a recommendation would increase effective taxation by 1,100 percent and destroy the Indian online games industry.
Industry
IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming

Breaking into the Baltics: APIgrator is certified in Lithuania

APIgrator has been certified in the Lithuanian market. Since its legalization in 2016, iGaming revenue in Lithuania has at least tripled. The main event in Lithuania's gambling market is the inclusion of online gambling regulation in Gambling Law. In 2020, the income of land-based gambling establishments in Lithuania dropped by 8.1% to €103.5 million. However, vertical revenue increased by 47. 1% and GGR doubled to $59.6 million, thanks to online slots. Slotegrater provides access to over 15,000 games from over 100 licensed industry developers.
Lottery
Breaking into the Baltics: APIgrator is certified in Lithuania
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Macau to extend shutdown of casinos amid COVID-19 outbreak

Macau's COVID-19 outbreak has surpassed 1,700 cases. The government extended the shutdown of casinos until Friday, July 22. Gross gaming revenue for last month amounted to MOP2.48 billion or $307 million. Macau is going to try and tie the SAR's casino concessionaires’ licensees with a clause that expects them to diversify away from gambling and focus on overseas travelers. JP Morgan Securities says the Q4 GGR for the Macaese SAR was at significant risk. S&P Global Ratings expects the impact of this outbreak to be felt throughout 2023.
Covid
Macau to extend shutdown of casinos amid COVID-19 outbreak
RELATED CATEGORIES

28 Pc GST On Online Gaming, Casinos And Horse Racing

The finance ministers of Goa, Uttar Pradesh, Gujarat, Tamil Nadu, Maharashtra, Telangana and Meghalaya will meet in Bengaluru on July 23 to finalize the imposition of 28% GST on online gaming, casinos and horse racing. The current rate of GST is 18%. The GoM will finalise its report on taxing casinos, online games and horses by August. It will be considered by the Federal GST Council headed by Finance Minister Nirmala Sitharaman. It is proposed to continue the current practice of levying 28 percent GST.
Industry
28 Pc GST On Online Gaming, Casinos And Horse Racing
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Aspers to launch GiG-powered online product

Aspers will launch GiG-powered online product. The agreement includes Gi's technical platform, portfolio of managed services, frontend development, CRM and marketing. Gi claims the deal will reduce the complexity of moving the retail business online and lessen the operator's cost of entry. The contract is set to last for three years, with options of renewal follow this term. Aspers CEO Richard Noble is delighted to join forces with Gi. They will create their own branded online site extending the Asper's casino experience to both online. and retail customers.
Industry
Aspers to launch GiG-powered online product

So You Want To Build An Online Casino?

There are only six states where online casinos are legal. Building an online casino is far more involved than buying a web domain and declaring "open for business". There are laws, regulations, marketing agreements, vendors, suppliers and compliance offers. No two states are alike when it comes to laws and regulations.
Industry
So You Want To Build An Online Casino?

GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug

The Group of Ministers will finalise its report on taxing casinos, online gaming and horse racing by 10 August. The current rate of GST on this sector is 18%. The report is expected to be taken up for discussion in the GST Council meeting scheduled to take place in Madurai in August and the rate will be increased to 28%. The GoM recommended that the tax should be levied on the full face value of chips/coins purchased from the casino by a player. In the case of racecourses, the report suggested that GST be imposed on bets pooled in totalisators and placed with the bookmakers.
Industry
GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug
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GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

The panel of ministers advising the government on GST for online gaming, casinos, and horse racing will meet again on July 12. The panel will finalise recommendations on the tax rates for these activities. Online gaming industry associations are concerned about the proposed tax on Full Contest Pool rather than on Gross Gaming Revenue (GGR). The Government has delayed the decision by 15 days. The final decision is expected to be in favour of the gaming industries. It is hoped that the panel's recommendations will be more favourable to them. They are worried about a higher GST rate of 28 percent as against 18 percent.
Industry
GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

BGaming partners with online casino Duelbits on launch of branded slot for crypto players

BGaming has announced a partnership with Duelbits crypto casino and sportsbook. The company created a branded slot for a new generation of crypto players. It offers players a total oftwenty-five paylines and thrilling features. The game combines high-quality mathematics and engaging features likein-game jackpots, free spin game, coin respin, and the Buy Bonus feature. According to the business, the popularity of this concept among crypto and fiat casinos is growing. BGaming currently produces up to 3-5 branded and exclusive games for partners per month.
Industry
BGaming partners with online casino Duelbits on launch of branded slot for crypto players

Record $1.3B collected by Nevada casinos for the month of May

Nevada casinos have brought in more than $1 billion for the fifteenth consecutive month. The Strip profited from special events that attracted large audiences. For the first five months of 2022, statewide gaming income increased by more. than 22.6 percent over 2021. Revenue from casinos on the strip has increased 40.2 percent since 2021 when it reached a record-high of USD 7 billion.
Land-based
Record $1.3B collected by Nevada casinos for the month of May

BGaming and Duelbits Collaborated to Create Game for Crypto Casino Enthusiasts

BGaming has created a new branded exclusive slot for Duelbits crypto casino and sportsbook. The game was designed in close collaboration with the Duelbit team to follow the preferences of the crypto-casino audience. BGaming is a fast-growing game provider converting gambling into gaming. It is the world's first to support cryptocurrencies and offer Provably Fair games. Its games are featured on reputable platforms and 700+ online casinos worldwide. They produce 3-5 branded and exclusive games for partners per month. This helps casino operators strengthen their ties with players and increase engagement.
Crypto
BGaming and Duelbits Collaborated to Create Game for Crypto Casino Enthusiasts

Thai Committee Discussed Five Casino Locations

The legal status of gambling in Thailand has been a hot topic for a while. Five casinos have been proposed by the National Assembly Committee. Official proposes to the House are scheduled for this November.
Law
Thai Committee Discussed Five Casino Locations

GST Council Defers 10 Hike On Online Gaming

GST Council Defers 10 Hike On Online Gaming. Karnataka Chief Minister BS Bommai announced that the decision has been deferred. The GoM on online gaming has another 15 days to discuss the issue. The GST rate on the online games falls within 2 slabs – 18% and 28%. Online games that involve financial betting attract 28% GST, while other online game are taxed at 18%. Online gaming platforms which earn commission are liable to pay GST at the rate of 18 percent on their commission. RSM India director Siddharth Surana believes a higher GST of 28%, as against 18%, would have an impact on profitability and pricing of the internet gamers.
Industry
GST Council Defers 10 Hike On Online Gaming

GST Council defers decision to hike tax rate on online gaming to 28%

The Goods and Service Tax Council deferred a decision on the proposal to raise the GST on online gaming from 18% to 28%. Karnataka chief minister BS Bommai said the GoM on Online Gaming has been given another 15 days to discuss the issue. Online gaming is a Rs 30,000 crore industry and growing rapidly in India.
Finance
GST Council defers decision to hike tax rate on online gaming to 28%

Highest tax slab on online gaming may stunt growth

The government's plan to levy highest goods and services tax (GST) slab on online gaming has the industry worried about future growth plans. The GST Council is set to meet on 28 June to decide which slab will be applied. Online gaming firms fear that the government will levy the highest GST slab (28%) on the gross gaming value (GGV) which is the total money deposited by users. The industry expert predicts that fantasy sports firms will have to reduce the prize pools they offer, which will shrink the investments players make on their platforms. They also fear the reduction in the prizes will drive players to offshore betting platforms that offer fantasy sport, online rummy, and poker.
Finance
Highest tax slab on online gaming may stunt growth

Macau's gambling laws finally formalized

Macau's Legislative Assembly passed new gambling laws for the industry this Tuesday. Lawmakers offered all concessionaires a six-month extension to run their operations through December 31, 2022. The concessionaire licenses for a tendering process will be put up next. The 5% reduction in GGR would be triggered at the behest of Macau. It would not be an exemption from the 35% gaming tax. China is reluctant to continue feeding Maca with mainlanders eager to gamble. To boost tourism, the government will focus on overseas outreach. and focus only on China.
Law
Macau's gambling laws finally formalized

Oryx iGaming content live with Fair Play Netherlands

Oryx Gaming has partnered with Dutch land-based operator Fair Play Casino for its online interest fairplaycasino.nl. The new alliance will allow Fairplay's customers to experience content from OryX's exclusive remote gaming server (RGS) partners such as Gamomat and Golden Hero.
Winnings
Oryx iGaming content live with Fair Play Netherlands

Bragg’s ORYX Gaming Expands Dutch Footprint with Fair Play Launch

ORYX Gaming has launched its content with Dutch operator Fair Play. Fair play has operated casinos and slot machine arcades in the Netherlands for more than 35 years. The Dutch iGaming sector is worth over US$200 million in 2021. Bragg's Dutch market is the company's top market. It is also the fastest growing gaming market in Europe. Brag's games are of high quality. They offer a great blend of entertainment and engagement. In a short space of time, Brags has established itself as a major platform and content supplier in this region.
Finance
Bragg’s ORYX Gaming Expands Dutch Footprint with Fair Play Launch

Slotegrator launches new, upgraded platform for online casino and sportsbook operators today

Slotegrator launches new platform for online casino and sportsbook operators today. New platform has a wide range of functions for operators. The project launch process for the new platforms has been significantly accelerated. The Casino Builder allows the client to make changes to their gambling site using simple tools. Business Intelligence gives operators access to the site’s analytics. It's easier to create bonuses. There's a set of ready-made casino front-end presets for deploying the project in 3 clicks. For the business intelligence, operators can choose the key markers like GGR, unique players, marginal profit, and number of active users.
Sports
Slotegrator launches new, upgraded platform for online casino and sportsbook operators today

Slotegrator: "Our new platform empowers operators to quickly and easily adjust their site using simple tools"

Slotegrator released a new platform for online casino operators last month. Key performance indicators have been optimized and functional modules have were enhanced. The new features include a Casino Builder, a business intelligence (BI) module, and a separate KYC module. Current customers will switch to the new system. The launch process has been accelerated and new opportunities for integration with various systems have also been added.
Mobile
Slotegrator: "Our new platform empowers operators to quickly and easily adjust their site using simple tools"

Latin America in 2022: opportunities for online casino operators

Slotegrator has released a new overview of the iGaming market in Latin America. The emerging markets of Latin American have great potential. Mobile gambling is especially popular here. The online gambling policy and income of online casino operators differ by country. iGambling software developer and aggregator SloteGrator keeps an eye on the development of this market.
Gaming Authorities
Latin America in 2022: opportunities for online casino operators

PA iLottery Sales Declining in Competitive Market, iLottery Tracker Shows

iLottery revenues declined 7% in the first quarter of 2022 compared to the same period last year. However, Q1 sales were up 6%. 13 states have legalized online lottery sales. Connecticut only recently legalized iLotteries. iLotto Tracker shows that Americans are spending more money on online Lottery in every state except Pennsylvania and Michigan.
Industry
PA iLottery Sales Declining in Competitive Market, iLottery Tracker Shows

Kazakhstan focuses on responsible gambling, Uzbekistan regulation slow

Kazakhstan introduced restrictive gambling regulations two years ago. The government is now focusing on amendments to prevent gambling harm. The key amendments brought in were to restrict betting to sports events and to mandate that physical betting shops and totalisators be located in one of two gambling zones. There were also new mechanisms for the blocking of offshore gambling operators. Kazakhstan is looking at updating the current regulatory framework. It is possible that players using loaned funds to gamble might be a problem.
Law
Kazakhstan focuses on responsible gambling, Uzbekistan regulation slow

Driving Jackpots Forward: The Latest Big Win Innovations

Jackpots are a reliable acquisition and retention tool. Without innovation, even the most effective products can stagnate with time. We speak to some of the biggest names in jackpot development to find out how they are keeping their jackpots offerings fresh and exciting.
Winnings
Driving Jackpots Forward: The Latest Big Win Innovations

Slotegrator Launches New Platform for Online Casino Operators

Slotegrator has launched a new platform for online casino and sportsbook operators. The product was released on May 16. New platform gives the operator more opportunities for integration with various systems. The adaptability of the back office for tablets and smartphones is provided for managing projects from anywhere in the world.
Mobile
Slotegrator Launches New Platform for Online Casino Operators

Philippine gaming revenue grows 30.3% in Q1

Philippine gaming revenue grows 30.3% in Q1. March saw the highest amount of GGR, at PHP13.94bn, while February G GR was PHP 13.1bn. Revenue from licensed casinos was up by 29.5% year-on-year. Clark casino generated PHP3.01bn and Fiesta casino saw PHP243.9m in revenue. Bingo operations saw PHP 3.48bn in revenues. Electronic sabong – online bets on cockfighting – generated  PHP1,66bn across the quarter. Rodrigo Duterte ordered an end to e-sanbong last week.
Finance
Philippine gaming revenue grows 30.3% in Q1

In review: licensing and taxation of gambling activities in Netherlands

Dutch gambling law permits a range of gambling products to be offered pursuant to the Act. It is prohibited to offer unlicensed games of chance in the Netherlands. The prohibition on promoting un licensed games has been expanded to include activities typically undertaken by affiliates. Several forms of betting are exempt from the requirement to have a licence. The case of Sporting Exchange has influenced discourse in Netherlands and is influential in shaping discourse. i.e. the case concerned FIFA Ultimate Team. In March 2022, the Council of State ruled that packs containing randomised content cannot be viewed in isolation from other content.
Finance
In review: licensing and taxation of gambling activities in Netherlands

Online Gaming Industry Urges Government To Retain 18% Gst

The online skill-based gaming industry wants to keep the service under the 18 percent GST slab instead of the 28 percent tax rate category. The industry has 400 companies employing about 45,000 people. Online games of skill include e-sports, fantasy games, rummy and poker or chess. Such games are either free to participate or involve real money in the form of platform fees. The current GST rate at 18 per cent is in line with best practices and reduces the incidence of illegitimate operators. At present, services of casino, horse racing and online gaming attract 18% GST.
Industry
Online Gaming Industry Urges Government To Retain 18% Gst

Philippines 1Q casino GGR up 15pct q-o-q to US$627mln

The Philippine casino sector produced gross gaming revenue of PHP32.75 billion in the three months to March 31. The tally rose by 14.8 percent from the previous quarter and 27.2 percent in year-on-year terms. Private-sector casino resorts in Manila’s Entertainment City produced about 82.1 percent of all industry GGR in first quarter. Cluster of commercial casinos in Clark Freeport Zone generated PHP3.01 billion G GR in same period. Table games Ggr at Pagcor-run casinos reached PHP808. 2 million in that quarter, up 20.3 percent on previous one.
Covid
Philippines 1Q casino GGR up 15pct q-o-q to US$627mln

Macau casino revenue plunges to 18-month low

Gross gaming revenue in Macau fell 68% year-over-year during April to 2.68B patacas ($331M). It was the lowest tally for the gambling region in 18 months. COVID restrictions in Shanghai, Beijing and Hong Kong cut into traffic to Macao during the month. JPMorgan warned meaningful easing to travel may only be seen late this year before ramping up toward a full recovery in 2023. Bank of America remains constructive on the Macua sector.
Finance
Macau casino revenue plunges to 18-month low

Bragg’s ORYX Gaming Selected as Platform Provider for Betnation.nl

ORYX Gaming has secured a deal to provide Player Account Management (PAM) iGaming platform and exclusive content to Betnation.nl in the Netherlands. The new brand will benefit from ORYx’s complete solution, including its acclaimed PAM and extensive games library. The anticipated site is set to go live later this year in Dutch market. Bragg is expanding its expansion strategy in regulated markets across Europe. GGR for the igaming sector was worth over US$200 million in fourth quarter of 2021.
Finance
Bragg’s ORYX Gaming Selected as Platform Provider for Betnation.nl

French Gambling Market Generates Gross Gambling Revenue of €10.7B in 2021

Gross gambling revenue for the French gambling sector hit €10.70bn in 2021. This is a rise of 7% compared to 2020. The two monopolies that hold exclusive rights in France, FDJ and PMU, plus the country's land-based casinos, accounted for €8.60bn of this. Scratchcard games, draw games and sports bets brought in €5.74bn and €18.9bn respectively. Online made up the remaining €2.2bn, rising 29.4%.
Finance
French Gambling Market Generates Gross Gambling Revenue of €10.7B in 2021

Lessons from AAMS to African gambling regulators

AASM is responsible for regulating the gambling industry and other sectors in Italy. It has the power to supply licences for the operators in both land-based and online sectors covering lotteries, sports betting, bingo, arcades, poker games, casino games and horse pools. AASm has continued to cooperate with other gambling boards like in Africa.
Law
Lessons from AAMS to African gambling regulators

Macau GGR targets hurt ops with low-yield assets: broker

Macau government's proposed minimum annual target of casino gross gaming revenue (GGR) per table and per gaming machine could hurt operators with low-yielding gaming assets. If local operators fail to meet such GGR targets, they would be required to pay the government the shortfall in the minimum amount of gaming tax. The prevailing gaming rate is 35 percent. The Macau Government imposes the other effective 4 percent relating to other social contributions from the casino operators. CICC Hong Kong estimates the target yield of the gaming tables could stand at US$6,584 win per day, and that of slot machines at $207 win a unit per Day in 2022.
Industry

Oryx's PAM to power new 711 online casino Netherlands

Oryx Gaming has partnered with 711.nl. Bragg Gaming Group's subsidiary will supply Player Account Management to the online games of chance operator. OryX will also deliver games created by its in-house studios and exclusive content from its tier-one partner studios.
Finance
Oryx's PAM to power new 711 online casino Netherlands

Why Are Macau Casinos Struggling in Pandemic Recovery?

Macau casinos generated MOP$3.67bn ($459m) last month, down 86% from March 2019. Nevada recorded $1.1bn in gaming revenue in February, the 12th consecutive month that Nevada casinos generate more than $1000m. Las Vegas Strip revenue is up 10% over pre-pandemic levels in 2019, up from $800m in 2013.
Covid
Why Are Macau Casinos Struggling in Pandemic Recovery?

Macau casino revenue slumps to 18-month low

Macau gross gaming revenue fell 56% in March to 3.67B patacas ($455M). Ongoing COVID restrictions and concerns held back traffic during the month. Macau GGR was down 24.8% for Q1 on a year-over-year basis. Citi pushed back the timeline for a lifting of travel restrictions on China and Hong Kong to Q4 from mid-2022.
Finance
Macau casino revenue slumps to 18-month low

7777 gaming to make its debut at ICE London 2022

7777 gaming will make its debut at ICE London 2022. 7777 gaming has been a technology provider of the leading B2C operators on several highly regulated markets for more than a decade. The company has a license as a B 2B gaming provider on the Romanian market and recently renewed its 10-year license on Bulgarian market. For Q2, 777Gaming plans obtaining an MGA license. Its products are GLI certified and cover all online games verticals. They are designed to appeal to the new player. Some of their popular games are Sea of Treasure, Golden Pyramids, Egyptian Treasure and Lucky Clovers.
Malta
7777 gaming to make its debut at ICE London 2022

Macau Casino Stock Prices Declined Again as China Intensifies Covid-19 Measures

Wynn Macau's shares fell 15%, Sands China's 13%, Galaxy Entertainment and SJM Holdings' by 12%. China imposed a week-long lockdown in Macao's two neighbouring provinces, Shenzhen and Dongguan, due to a rise in Covid-19 cases. Countermeasures have been reintroduced for inbound travellers entering Macua from Guangdong. Maca's gross gaming revenue for the second week of March was down 37%, with the average daily rate declining to MOP114m (US$14.1m).
Covid
Macau Casino Stock Prices Declined Again as China Intensifies Covid-19 Measures

Second New York igaming bill introduced in Assembly

The legislation – A09436 – describes interactive gaming as wagers on casino-style games made through virtual or electronic means. It is transmitted to and accepted by electronic equipment located at a licensed gaming facility. Operators will be required to pay a one-time fee of $2m, while independent contractors will pay $10m.
Gaming Authorities
Second New York igaming bill introduced in Assembly

Online Casino Supplier of the year

Online Casino Supplier of the Year award is presented by Gambling Insider. The shortlist includes Australian slot studio Lightning Box Games, Swintt, and reigning champions Evolution. The last 12 months have seen a lot of changes in the online casino industry. Some of them have been caused by the pandemic. Evolution's live casino offering has been popular with players and operators. It generated 53% year-on-year growth in Q3, 2021. Swinter's business has grown by 301% in past 12 years. They have signed new deals with key operators, including LeoVegas, Videoslots, Hero Gaming, with a further 20-30 planned for launch in 2022.
Gaming Authorities

Online Crypto Gambling Is Booming In Nigeria

Online gambling within Nigeria is a popular pastime. Nigeria has the highest rate of cryptocurrency ownership globally. Between July 2020 and July 2021, African countries received close to $105.6 billion worth of crypto.
Crypto
Online Crypto Gambling Is Booming In Nigeria