Economy/Finance

Pennsylvania’s Online Sports Betting Tax: Navigating Legislative Shifts and Industry Dynamics

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Taxation, Taxes, Pennsylvania
Pennsylvania stands at a critical juncture in its online sports wagering industry, grappling with the implications of potential tax hikes amid a rapidly evolving regulatory landscape. As neighboring states impl...

Paf Celebrates Record €177.1 Million Revenue, Warns of Impact from Rising Gaming Taxes

Johnny K.
Sweden, Latvia, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Estonia, Finland, Online Gambling News, Taxation, Taxes, Financial Press Releases
Paf has achieved a record revenue of €177.1m (£150.8m/$191.4m) in its 2023 financial year, marking a 6.9% increase from the previous year. The Nordic gaming operator also posted a notable 23% rise in net profit...

CFG Challenges Sports Betting Alliance’s Opposition to Illinois Sports Betting Tax Hike, Urges Evidence-Based Policy Decisions

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
As gambling initiatives unfold across the U.S., the Campaign for Fairer Gambling (CFG) closely scrutinizes developments, particularly in Illinois. Governor J.B. Pritzker's proposal to raise the tax on legal spo...

Atlantic City Casino Profits Dip 9.6% in Q1 2024 Amidst Industry Challenges

Vanja Mitic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Financial Press Releases, New Jersey
Atlantic City's casino sector faced a setback in the first quarter of 2024, with combined profits dropping by nearly 10%, according to public filings. Only two out of the nine casinos reported higher profits co...

Gambling Industry Wage Hikes in Macau Lead to Employment Drop

admin2
Cryptocurrency, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Bitcoin accepting properties, Macau, Online Gambling News, Asian Casino News
Macau is known as a thriving gambling hub located along China’s Southern coast. The region is home to over 50 physical casinos, with 33 in Macau, 13 in Cotai, and another 5 in Taipa. The casinos in the area bri...

New Coalition Agreement Increases Gaming Tax in the Netherlands to 37.8%

Johnny K.
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Taxation, Online Gambling News, Netherlands
A significant change in the gaming tax rate is set to take place in the Netherlands as outlined in the recently published coalition agreement between the PVV, VVD, NSC, and BBB factions. The budgetary annex, re...

New Jersey Casinos See $511 Million Win in April, Second-Best Month for Online Gambling

Vanja Mitic
Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New Jersey
New Jersey's casinos, horse tracks, and online partners experienced a significant upswing in April, reporting total winnings of over $511 million, marking a notable 10.4% increase from the previous year, accord...

Q1 2024 Sets Record for U.S. Commercial Gaming Revenue, iGaming and Sports Betting Hit All-Time Highs

Johnny K.
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases
The United States commercial gaming industry reached a new milestone in Q1 2024, with revenue hitting a record $17.67 billion. This achievement marks the 13th consecutive quarter of growth for the sector, accor...

Aristocrat Leisure Ltd Reports Strong H1 Performance with Revenue Growth and Increased Dividend

Vanja Mitic
Online gaming software, Australia, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Game manufacturers, Online Gambling News, Oceania Casino News, Financial Press Releases
Australia-listed gaming powerhouse Aristocrat Leisure Ltd unveils its stellar financial results for the first half, with revenue hitting just under AUD3.27 billion, marking a commendable 6.1 percent increase fr...

Philippine Gaming Industry Hits Record High: Q1 Revenues Surge to PHP81.70 Billion, E-Games Sector Leads Remarkable Growth

Vanja Mitic
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR) has unveiled impressive figures, revealing that the country's gross gaming revenues (GGR) for the first quarter of the year surged to PHP81.70 billion ($...

EveryMatrix Achieves Record-Breaking Q1 2024 Results, Hits 16-Year High at €39 Million

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
EveryMatrix has soared to new heights in the first quarter of 2024, surpassing previous records and solidifying its position as a powerhouse in the iGaming technology sector. The company's impressive financial ...

New York Falls Just Short of $2 Billion Sports Betting Handle in April

Johnny K.
NBA, NCAA, NHL, MLS, NFL, U.S.A., Latest Casino and Gambling News, North America Casino News, MLB, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, New York
The New York State Gaming Commission revealed on Friday that the state's sports betting handle for April came close to hitting $2 billion, landing at approximately $1.97 billion, marking the fourth time in hist...

Genting Singapore’s Q1 2024: Revenue Soars 62%, Expansion Plans on Track

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, Singapore
Genting Singapore, a prominent player in the integrated resort industry, has unveiled its stellar performance for the first quarter of 2024. Boasting revenue of SG$784.4 million ($580 million) and adjusted EBIT...