Economy/Finance

U.S. gambling hit record $54.9 billion in revenue in 2022

Radosav Milutinovic
Washington, U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, Mississippi, Nevada, New York, South Dakota
The American Gaming Association (AGA) reports that the US gambling revenue for the first 11 months of 2022 exceeded the record set in 2021. As for sports betting, the end of the year 2022 saw New York as th...

DoubleDown Interactive acquires SuprNation for $35 million cash to grow real money gaming foothold

Radosav Milutinovic
Sweden, Casino News, Online gaming software, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Malta, United Kingdom
A leading digital games developer and publisher, DoubleDown Interactive, announced that it has entered a Share Purchase Agreement for the acquisition of SuprNation, a Swedish iGaming provider of exclusive gamin...
mobile gambling

How the Increased Use of Mobile Phones Changed the Gambling Market

Vanja Mitic
Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, Mobile gaming, Online Gambling News, Asian Casino News
Smartphones and other gadgets have reshaped the community during the last few years, and different industries needed to change to fulfill new technological requirements. The gambling industry is not an exceptio...
vici

VICI Properties Acquires Famous Casinos in Alberta

Vanja Mitic
Casino Destinations, Casino News, Alberta, Latest Casino and Gambling News, Canada, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships
An experiential real estate investment trust, VICI Properties Inc, announced some major news - the company acquired the real estate assets of the biggest casinos in Alberta: two casinos in Edmonton, PURE Casino...

Alabama charges 11 persons for illegal sports betting operations

Radosav Milutinovic
Greyhound Racing, Latest Casino and Gambling News, Horse Racing, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Alabama, Gaming Industry News, Mobile gaming, Economy/Finance, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Taxation, Sports betting, Tax Evasion, Conspiracy, Financial Fraud, Fines, Lawsuits & Litigation
Federal prosecutors said Friday that 11 people across Alabama have been charged with tax evasion, illegal operation, and money laundering activities in connection to an online sports betting organization. Ille...

Aquis Entertainment finalizes US$42 million sale of Casino Canberra to Iris Capital

Marija Malenovic
Casino Sales, Gaming Law & Legislation, Casino proposals, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Online gambling regulation, New Hotels, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Oceania Casino News, Licensing
Australia-based Aquis Entertainment has officially announced that it has finalized the sale of its entire subsidiary, Canberra-based Aquis Canberra Pty Ltd, better known as the Casino Canberra site, to Iris CC ...

New York state imposes $500 million fee for city casino license

Marija Malenovic
U.S.A., Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Casino openings, World Casino News, North America Casino News, New Hotels, Gaming Industry News, Economy/Finance, Game manufacturers, Licenses, Online Gambling News, Licensing, New York
Once licensed to operate any of New York state's three casinos, the operators are required to pay the state at least a $500 million fee for the gambling license, under new rules authorized by the state's site c...

Emperor Entertainment Hotel signs deal to take over management of Macau’s satellite casino Grand Emperor

Marija Malenovic
Gaming Law & Legislation, Latest Casino and Gambling News, Casino Destinations, Casino News, Online gambling regulation, New Hotels, Casino reviews from Macau, World Casino News, Hong Kong, Gaming Industry News, Game manufacturers, Economy/Finance, Licenses, Online Gambling News, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Licensing, Financial Press Releases
After a six-month period of direct administration by Macau gaming licensee, SJM Resorts Ltd., a subsidiary of Hong Kong-based SJM Holdings Ltd., Emperor Entertainment Hotel's subsidiary, Tin Hou Ltd. based in H...

Macau concessionaries report year-to-year casinos fee as 10-year gaming concessions start

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, New Hotels, World Casino News, Gaming Industry News, Economy/Finance, Game manufacturers, Conferences / Trade Shows, Asian Casino News, Macau, Online Gambling News, Financial Press Releases
On January 2nd, 2023, six Macau concessionaires reported that they would individually pay the Macau government a base sum of MOP750 dollars per square meter of gaming space for the first 3 years of their latest...

Another Triumphant Year For Nevada’s Gaming Industry

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, Online gambling regulation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licenses, Sports betting, Online Gambling News, Licensing, Financial Press Releases, Nevada
As December draws to a close, Nevada casinos have already gained in gaming profit what was lost in record performance from 2021. However, December's gaming profit has yet to be analyzed and reported. Increas...

Fontainebleau Developers Acquire $2.2B Financing to complete Strip resort

Marija Malenovic
Casino News, U.S.A., Las Vegas, Casino proposals, Latest Casino and Gambling News, World Casino News, North America Casino News, Casino openings, New Hotels, Casino project updates, Gaming Industry News, Economy/Finance, Online Gambling News, Florida, Mergers, Acquisitions & Partnerships, Nevada, Texas
On Friday, December 23, the founders of the long-postponed Fontainebleau Las Vegas project publicly announced that they have acquired a $2.2 billion construction loan to complete construction of the Fontaineble...