Economy/Finance

Stakes For Online Slot Machines To Be Limited at £5 In United Kingdom, UK Government Says

Marija Malenovic
Online gaming software, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, European Casino News, Online Gambling News, Sports betting, United Kingdom
The sum that may be wagered on an online slot machine spin will be rounded up to £5, but £2 for young clients, which is portion of the government's drive to toughen regulation of the UK's £11 billion per year g...

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Radosav Milutinovic
Casino Sales, Latest Casino and Gambling News, Taiwan, Casino Destinations, Casino News, World Casino News, Hong Kong, Gaming Industry News, Casino project updates, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia
The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

Related Companies Files Rezoning Application for the $12 Billion Hudson Yards Casino Development

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, North America Casino News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, New York
As the time to open up applications for three New York downstate casino licenses is getting closer, the bidders are employing ultimate efforts to convince the state authorities of the viability of their respect...

Michigan Reports Record Revenue in iGaming Sector, Sports Betting Figures Decrease

Vanja Mitic
Tribal Gaming, Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases, Michigan
Michigan released its January revenue report, and according to it, the total revenue generated from online casinos operated by commercial and tribal operators was $229.6 million. The figures are related to gros...

Caesars Ent. Releases Financial Report For Q423 & FY23; Purchases WynnBet’s Michigan Online Gaming Operations

Marija Malenovic
Casino Sales, Tribal Gaming, Latest Casino and Gambling News, Casino News, Tribal Gaming, U.S.A., Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Mobile gaming, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases, Michigan
Caesars Entertainment recently revealed details of its performance in terms of profit for the entire quarter and total year, both of which ended on December 31 of the previous year. Revenue data: The firm...

New Jersey Gambling Reaches New Highs In January, Despite In-Person Casino Winnings Failure

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Horse Racing, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Financial Press Releases, New Jersey
New Jersey managed to officially break 4 crucial gambling income records during the first month of 2024, indicating that 2024 is off to a great start for everything but for in-person gambling in the said state,...

Betsson Acquires Holland Gaming to Continue European Expansions

Radosav Milutinovic
Latest Casino and Gambling News, Belgium, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, France, Mergers, Acquisitions & Partnerships, Financial Press Releases, Netherlands, Switzerland
A pioneering gaming company, Betsson, has entered the acquisition deal with the online casino operator Holland Gaming Technology. The €27.5million deal will reportedly also see the casino’s game development ver...

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Marija Malenovic
Jackpot Winners, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Nevada
Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

WA Authorities Busted Underground Gaming Houses in Perth to Seize Almost $190,000 in Cash

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Licenses, Online Gambling News, Oceania Casino News, Labor Relations, Crime
In 2023, Perth authorities carried out two major raids on underground gambling operations in suburban areas to seize almost $190,000 in cash, casino-style gaming chips, and playing cards. The organi...

PAGCOR Releases Statement Denying Misinformation About Plans For Privatization

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casino project updates, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) has officially published a statement combating misinformation regarding its plans for privatization. The impact of misinformation: In the aforementioned ...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Taxation, Taxes, Michigan
In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

MGM China’s Adjusted Property EBITDAR Reaches All-Time High For 4Q23 And FY23

Marija Malenovic
Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, Casino reviews from Macau, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
For one of Macau’s 6 concessionaires, MGM China, last year was its best year of all time in terms of income collected, as it officially revealed all-time highs for 4Q23 and entire year Adjusted Property EBITDAR...

Nevada Bookmakers Took In $185.6m In Bets On Super Bowl LVIII, Setting a New Record

Marija Malenovic
Las Vegas, Latest Casino and Gambling News, NFL, U.S.A., World Casino News, North America Casino News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, Nevada
The Super Bowl, officially hosted by Las Vegas this year, brought in record betting total and small income, regardless of the forecasts that bookmakers across the state would experience a financial hit from the...