Economy/Finance

Gaming Innovation Group Acquires Casinomeister for €3M, Unveils Revolutionary SweepX Platform for US Market

Vanja Mitic
U.S.A., Online gaming software, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Technology, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships
Gaming Innovation Group Inc. (GiG), a pioneer in digital marketing and media within the online gaming sector, announces the strategic acquisition of Casinomeister, an esteemed online casino advocacy and review ...

Flutter Entertainment Shifts Primary Listing to New York Stock Exchange, CFO Paul Edgecliffe-Johnson to Step Down

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, New York
Flutter Entertainment plc has announced the transition of its primary listing to the New York Stock Exchange. This shift follows the transfer of the Company's listing category on the Official List of the Financ...

Arizona Sports Betting Soars: March Sees Record $759.8 Million in Wagers

Vanja Mitic
Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Arizona, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases
According to a recent report by the Arizona Department of Gaming (ADG), bettors in Arizona set a new milestone in March 2024 by wagering approximately $759.8 million on sports, marking a notable increase of aro...

April Boosts Nevada’s Gaming Market: Strip Revenues Up 7% to $666 Million, Strong Gains in Southern Nevada

Johnny K.
Casino News, Latest Casino and Gambling News, Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Nevada
The investment community had been anticipating a potential downturn in Nevada’s gaming market. However, April’s gaming and tourism results, released on Wednesday, have sparked optimism. Following a 1.2 percent ...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Johnny K.
Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Sports betting, Illinois, Taxes
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Horse Racing, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...

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, Economy/Finance, Mobile gaming, 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, Mobile gaming, Economy/Finance, 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, Online Gambling News, Asian Casino News, Macau
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, Online Gambling News, Sports betting, 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...