Economy/Finance

Pennsylvania Gaming Control Board Releases the Revenue Results from 2023, Records Shattered

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, Pennsylvania
The previous year was the best in history when it came to gambling in Pennsylvania. The revenue reports were released, and the state’s casinos earned $5.7 billion in revenue, which is the record amount since ga...

Sale of Shares of G1 Entertainment LLC Fueled By Russia-Ukraine Conflict

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Mergers, Acquisitions & Partnerships, Licensing, Russia, Ukraine
LET Group Holdings, a Hong Kong-listed investment holding company, has announced that its agreement to formally sell the licensee of its Tigre De Cristal Resort, located in Vladivostok, for $116 million, has be...

New York Governor Introduces $233 Billion Budget to Exclude Online Casino Proposals

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Horse Racing, Online Gambling News, Sports betting, Taxation, New York
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After a bill proposal to legalize online casinos was filed in the New York Senate with an aim to boost the US-largest online market, Gov. Kathy Hochul reportedly released the 2024 Executive Budget to exclude on...

Casino And Sports Wagering Income Hit New Record Levels In New Jersey In 2023, But Most Casinos Lag Behind Pre-Pandemic Levels

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Horse Racing, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Financial Press Releases, New Jersey
Casinos and sports wagering operators in New Jersey, involving their online allies, earned almost $5.8 billion in the previous year, which represents the newest record, according to numbers revealed on January ...

Macau’s Mass Table Segment Hit 75% Market Share in Q4 2023

Radosav Milutinovic
Deal Me In, Gaming Law & Legislation, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Brick-n-Mortar Poker Rooms, Economy/Finance, Online Poker, Poker, Online Gambling News, Macau, Asian Casino News
Since the Macau casino facilities relaunched operations in January 2023, the mass table market has been constantly growing to account for  75.2% of total table revenue in Q4 2023. The figure reportedly soared f...

PAGCOR Boosts Its Share of Income To National Government, But Lags Behind Pre-Pandemic Levels

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Taxation, Taxes, Philippines
It was recently reported that the Philippine Amusement and Gaming Corp. (PAGCOR) increased its handout to the country in the first 11 months of 2023, but it still fell short of pre-pandemic numbers. Boost: ...

Six Major Sports Teams Campaign to Make a Ballot on Sports Betting Legalization in Missouri

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Sports betting, Online Gambling News, Taxation, Licensing, Taxes, Kansas, Missouri
After two sports betting bills passed the Missouri House and died in the Senate in 2022 and, respectively, 2023 to mark repeated attempts to legalize sports betting in the state, a coalition of six major sports...

Tabcorp Has to Make Most of the Electronic Betting Terminals Cashless to Comply with VGCCC Regulations

Vanja Mitic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Technology, Economy/Finance, Crime, Fines, Lawsuits & Litigation
The Victorian Gambling and Casino Control Commission (VGCCC) ordered Tabcorp to make almost all of its Electronic Betting Terminals (EBTs) cashless. The statewide direction is issued because of various incident...

2024 Philippine Gaming Industry GGR To Reach PHP336.38bln, Says Tengco

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines
CEO and President of the Philippine Amusement and Gaming Corporation (PAGCOR), aka the gaming regulator of the Philippines, Alejandro Tengco, estimates that the gross gaming income (GGR) of the Philippines this...

Macau Government Terminates the Macau Jockey Club’s Concession on 1 April 2024

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Horse Racing, World Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Horse Racing, Online Gambling News
After an extended period of betting operation decline, the 24-year concession granted by the Macau government to Macau Jockey Club (MJC) in 2018 will now be terminated. As reported, the Government will terminat...

Number of Suspicious Transaction Records in Macau Breaks the Records

Vanja Mitic
Latest Casino and Gambling News, Online gambling regulation, Casino reviews from Macau, Gaming Industry News, Mobile gaming, Money Laundering, Economy/Finance, Online Gambling News, Macau, Financial Press Releases
The illegal transactions in the Macau casino industry are thriving, and the data that the Macau’s Financial Intelligence Office is concerning. The body released the data from 2023, and the suspicious transactio...

Sen. Addabbo Files Bill To Further Boost Internet Gaming Operations in New York

Radosav Milutinovic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Licensed online casinos in USA, Licenses, Taxation, Online Gambling News, Sports betting, New York
Since the January 2022 launch of the legal internet sports betting, the state of New York has grown into the largest online gambling market in the United States. The regulations prescribing the online casino se...