Economy/Finance

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

Vanja Mitic
Gaming Law & Legislation, Australia, Latest Casino and Gambling News, 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 Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines, Financial Press Releases
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
Latest Casino and Gambling News, Horse Racing, Casino News, 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, Macau, Online Gambling News, 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, Online Gambling News, Sports betting, Taxation, 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...

Tigre de Cristal Casino Resort’s Operator Considered for a $116 Million Sale

Radosav Milutinovic
Casino Sales, Taiwan, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Russia
Oriental Regent Ltd, a vertical of the Hong Kong-listed Summit Ascent Holdings Ltd, is to sell its gaming and hotel operations in Russia. As reported, Oriental sells its wholly-owned subsidiary G1 Entertainment...

Macau Gaming Industry Estimated to Reach US$29.2 Billion in 2024

Radosav Milutinovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
Jeffrey Kiang, an analyst at capital markets and investments group CLSA Ltd, estimates that the Macau gaming industry could generate US$29.2 billion in gross gaming revenues in 2024. As GGRAsia reports, such a ...

Genting Singapore To Potentially Bid for Thai IR and Casino License, Maybank Says

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Taxation, Licensing, Taxes, Singapore, Thailand
Genting Singapore, owner of the famous Resorts World Sentosa, would likely bid for an integrated resort and casino license in the Kingdom of Thailand. However, for that to happen, the government of Thailand mus...

City Council Votes For Tribal Casino Proposal in Kenosha, Wisconsin

Radosav Milutinovic
Tribal Gaming, U.S.A., Casino proposals, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Mergers, Acquisitions & Partnerships, Wisconsin
The Kenosha City Council voted in favor of the intergovernmental agreement between the state of Wisconsin and the Menominee Tribe’s gaming authority on casino development in the Kenosha county. The Council's ap...

Italian Government Validates “Reorganisation Decree” for Online Gambling

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, Taxation, Licensing, Taxes, Italy
It was recently reported that Italy will implement a comprehensive reform of the country's online gambling laws during this year, as the government officially validated the "Reorganisation Decree" mandate requi...

Skill Games In Pennsylvania Declared Legal By Commonwealth Court

Marija Malenovic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Taxation, Taxes, Pennsylvania
On November 30, the Commonwealth Court of Pennsylvania officially confirmed the decision of the lower court that found "skill games" played for cash prizes to be lawful, marking a significant victory for the op...

Sports Betting Handle in Colorado Increases for Fifth Month in a Row, Surpassed $600 Million

Vanja Mitic
Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Colorado, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases
The monthly sports betting handle in Colorado keeps increasing. The results for November were released, and according to them, the handle increased for the fifth month in a row.  A huge decrease: In Novem...

Jeju Dream Tower Reports 249% Increase in Casino Profits In 2023; Paradise Co Reports 113% Increase In Casino Profits In 2023

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea
The casino income of Jeju Dream Tower IR, an integrated resort owned by Lotte Tour Development, increased 249% over the previous year to KRW152.3 billion, which is approximately $116 million. The primary reason...