Economy/Finance

BetMGM Reached $1.96Billion in Revenues in 2023; Looking to Hit $500 Million EBITDA by 2026

Radosav Milutinovic
U.S.A., NFL, Latest Casino and Gambling News, Canada, North America Casino News, Gaming Industry News, Technology, Ontario, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Financial Press Releases, Nevada, North Carolina, Puerto Rico
BetMGM, a leading sports betting and iGaming corporation, has released its 2023 financial result. The joint venture of casino and entertainment giants MGM Resorts and Entain reportedly generated almost $2.00 bi...

Mets Owner’s $8 Billion Casino Proposal in Queens to Include Community Investments

Radosav Milutinovic
U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino project updates, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, New York
Eleven casino companies are in the race for the three available casino licenses in the downtown New York City. One of the patient runners is Mets owner Steve Cohen, who has recently partnered with the casino an...

Macau To Host Minimum 960,000 Visitors for Lunar New Year, MGTO Says

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Casino reviews from Macau, World Casino News, China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau
A minimum of 960.000 individuals are projected to pay a visit to Macau throughout the duration of Lunar New Year, which will last 8 days, with an average number of visitors of 120.000 daily, according to Maria ...

Bally’s Temporary Casino in Chicago Surpasses $10 Million in Gross Gaming Revenue in January

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Gaming Industry News, Casino moguls, Economy/Finance, Illinois, Financial Press Releases
Bally’s began the new year with fantastic results, especially when it came to the company’s temporary casino in Chicago.  Fantastic results in the new year: The casino, which is located at the Medinah Tem...

Wynn Macau Ltd Hit Record EBITDAR and Generates $910 Million in Revenues in Q4 2023

Radosav Milutinovic
Latest Casino and Gambling News, Las Vegas, Casino News, Reviews from the Cotai Strip, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
Now that the first year of post-pandemic gambling operations has run, financial reports of Macau gambling operators indicate that the industry has fully recovered in the region. Total operating revenues of US$9...

Gov. Shapiro Plans To Regulate Skill Games In July In His 2024 Budget Plan

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Taxation, Taxes, Pennsylvania
Recently, Josh Shapiro, Governor of Pennsylvania, gave his budget speech for FY 2024/2025 at the decorated Capitol Rotunda in Harrisburg. During his speech, he revealed that he intends to regulate games of skil...

PAGCOR Wants To Lower Fees For iGaming Operators to 35% In March, Says Tengco

Marija Malenovic
Casino Destinations, 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, Online Gambling News, Taxation, Asian Casino News, Taxes, Philippines
The Philippine Amusement and Gaming Corporation (PAGCOR), the gaming regulatory agency of the Philippines, revealed that it will lessen the fees imposed on iGaming providers to 35% in the 3rd month of this ongo...

Record Number of Americans Expected to Bet $23 Billion on Super Bowl LVIII

Radosav Milutinovic
U.S.A., Las Vegas, Latest Casino and Gambling News, NFL, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News
A recent survey of the American Gaming Association (AGA) revealed that 67.8 million American adults will bet on Super Bowl LVIII. The figure representing 26% of the American population therefore sets a new reco...

Evolution Malta Holding Ltd. To Buy Entire Issued Share Capital In Livespins

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, World Casino News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Malta
Evolution Gaming Group is excited to reveal that its entirely owned subsidiary, Evolution Malta Holding Ltd., has officially entered into a purchase deal to buy Livespins for an aggregate cash payment of €5 mil...

EveryMatrix Strikes Record EUR114 Million Revenue in 2023

Radosav Milutinovic
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Economy/Finance, European Casino News, Lottery, Online Gambling News, Sports betting, Financial Press Releases
EveryMatrix, a leading software provider to the global iGaming industry, announces its combined Q4/full year 2023 financial results to reveal the company's record financial performance since the 2008 establishm...

Allwyn Partners With Instant Win Gaming; Will Hold 70% Stake In Its Business

Marija Malenovic
Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Lottery, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Switzerland, United Kingdom
Allwyn, the flagship multinational lottery firm based in Switzerland, is excited to reveal that it has officially entered into a new partnership with Instant Win Gaming Ltd. (IWG), the flagship supplier of iGam...

Macau’s GGR Reaches MOP19.3bln In First Month of 2024; Second Highest Since Pandemic

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Macau, Licensing, Financial Press Releases
During the first month of 2024, the gaming industry in Macau continued to grow in terms of accumulated profits, with gross gaming profit (GGR) reaching MOP19.3bln, which is approximately US$2.4bln. Additionally...

New York Surpasses Significant Milestone, Monthly Revenue Surpasses $3 Billion for Sports Betting Operators

Vanja Mitic
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, New York
A sports betting revenue report in New York was published, and the state was very successful since the revenue surpassed $3 billion during the last month. The Gaming Commission released the adjusted gross reven...