Economy/Finance

Arizona Overtakes Nevada in Monthly Sports Betting Handle, Reaching $656.3 Million with Mobile Dominance

Vanja Mitic
Latest Casino and Gambling News, Arizona, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, Nevada
In a significant turn of events, Arizona has outpaced Nevada in sports betting handle for the first time since legalization. The Arizona Department of Gaming's recent report for April revealed a staggering $656...

NSW Government Contemplates Raising Betting Tax to 20% Prompted by Tabcorp Proposal, Impacting Major Bookmakers

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Oceania Casino News, Taxes
The New South Wales (NSW) government is deliberating on the possibility of raising the tax on all bets made within the state from 15 to 20 percent, prompted by a proposal from industry leader Tabcorp. If implem...

Illinois Sportsbooks Generate $92M in April, Poised to Overtake New Jersey in National Rankings

Johnny K.
NBA, MLS, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, MLB, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Illinois, Taxes, Financial Press Releases
Illinois sportsbooks amassed nearly $92 million in adjusted gross sports betting revenue for April 2024, according to data released by the Illinois Gaming Board on Thursday. This month saw the state's betting h...

FanDuel Shatters Records in Washington D.C. Sports Betting with $29.7M in Wagers and $4.9M Revenue in May

Vanja Mitic
Washington D.C., Online gaming software, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases
In a groundbreaking turn of events, FanDuel has emerged as a dominant force in Washington D.C.'s sports betting arena, shattering records and reshaping the district's gambling landscape. Figures released by the...

Groupe Partouche Surges Ahead: Revenue Growth and Strategic Partnerships

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases
Leading French casino operator, Groupe Partouche, has revealed its recent financial success, including consolidated turnover achieved in Q2 of 2024 and cumulative revenue earned during the first half-year, betw...

MGCB: Detroit Casino Revenue for May $111.3 Million; Up 6.3% YOY

Johnny K.
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxes, Financial Press Releases, Michigan
The Michigan Gaming Control Board has announced that Detroit's three casinos collectively generated $111.3 million in adjusted gross revenue (AGR) for May, reflecting a significant rise from the previous year's...

SkyCity Entertainment Group Halts Dividends, Lowers Earnings Forecast Amid Economic Struggles and Regulatory Challenges

Johnny K.
Australia, Casino News, Latest Casino and Gambling News, World Casino News, New Zealand, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Crime, Financial Press Releases
SkyCity Entertainment Group, the prominent New Zealand-based operator of casinos in Adelaide, Auckland, and Queenstown, has announced the suspension of its dividends and revised its earnings forecasts downward ...

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Economy/Finance, Taxation, Online Gambling News, Asian Casino News, Taxes, Philippines
In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

Charting the Course: CBRE Forecasts UAE as Prime Destination for Gaming Ventures and Investments

Vanja Mitic
United Arab Emirates, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Financial Press Releases
The United Arab Emirates (UAE) emerges as an enticing domain for gaming enthusiasts and discerning investors alike, as per findings from CBRE Institutional Research. Recently, the equity and credit teams from C...