Economy/Finance

Amended Maryland Online Casino Bill Heads to Senate After House Passage

Online casino bill, HB 1319, authored by Maryland Rep. Vanessa Atterbeary, has officially passed the House of Representatives and is on its way to the Senate for approval. Non-unanimous vote: On March 16,...

Bay State Casinos Made $156M in February 2024; Sportsbooks Handled $5.98B Since 2023 Launch

The Massachusetts Gaming Commission (MGC) has reported that the state gaming industry generated $156.12 million in gross gaming revenues (GGR) in February 2024. According to the MGC data, three land-based casin...

OLG “significant influx of new players” Causing Payout Delays to Proline Sports Betting Customers

Ontario Lottery and Gaming Corporation (OLG) is going through an affair related to its sports betting platform, Proline. As per Carl Zhou, one of the bettors, he hasn’t been able to claim any of his winnings fo...

Legislative Push to Ban Use of Credit Cards for Online Gambling in Pennsylvania

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...

Entain Considers Sale of Overseas Operations to Mitigate 40M-Pound Regulatory Blow

Financial Times reports that the leading British gaming corporation Entain has commenced a process to sell some of its overseas operations. The company has reportedly engaged a team of advisors to oversee the p...

Groundbreaking Ceremony For $300M Convention Resort and Casino At Subic Bay, Philippines

A foundation stone laying ceremony was held on March 14 for the newest casino, resort and convention center, called Subic Sun Convention Resort and Casino, Inc., in Subic Bay. However, the said complex will be ...

TABCORP CEO Steps Down After Alleged Use Of “Offensive And Inappropriate Language” In The Workplace

Adam Rytenskild, chief executive of TABCORP, has resigned from the firm, following the initiation of an inquiry by the board into whether he utilized offensive and inappropriate language in the workplace, accor...

Nagasaki Authorities Dismiss Financial Partner to Re-Apply for $2.3 Billion Casino Development

After the plan of the Nagasaki Prefecture to launch an integrated resort development project was rejected by the Japanese Ministry of Land, Infrastructure, Transport and Tourism in December 2023, the Nagasaki P...

Groupe Partouche Experiences GGR Growth of 0.7% for 1Q24 Thanks to Slot Performance

France’s Groupe Partouche, a flagship company that is already a leader in the European iGaming industry, officially revealed that during the first quarter of the ongoing year it managed to collect €173.2m in gr...

Hard Rock Casino Northern Indiana Hit $37.9Million Gaming Win In February 2024

An iconic gaming and entertainment venue, Hard Rock Casino Northern Indiana, generated almost one fifth of the total gaming revenues in the state in February 2024. According to the Indiana Gaming Commission (IG...

Ainsworth’s Shareholders Accuse the Company of Decreasing the Shares Price Prior to Alleged Novomatic’s Acquisition

Ainsworth Game Technology, one of the leading pokies suppliers in the market, allegedly decreased the value of its stock, as the company’s American shareholder claims. According to the shareholder, the company ...

Standard General’s Acquisition Bid Increases Bally’s Share Price by 30 Percent

Following the 2022 rejection of Standard General’s bid to acquire leading gaming brand, Bally’s Corporation, the hedge fund appears to have increased the pressure by offering $15 per share to acquire the corpor...