Economy/Finance

Pennsylvania’s iGaming Industry Surpasses $170 Million in May Revenue

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases, Pennsylvania
As reported by PlayPennsylvania, on June 20, the Pennsylvania Gaming Control Board (PGCB) officially uveiled the profit figures for Pennsylvania online casinos for May, which showed that online casino operators...

Star Wins NSW Tax Deferral and Loses Charter Hall From the Brisbane Deal

Radosav Milutinovic
Casino Sales, Poker Law, Casino Destinations, Australia, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, New Hotels, Gaming Industry News, Economy/Finance, Money Laundering, Poker, Taxation, Online Gambling News, Tax Evasion, Oceania Casino News, Fines, Lawsuits & Litigation
The New South Wales (NSW) Government has postponed the announced tax increase on gaming revenue for the Star Entertainment's Sydney casino less than a fortnight before the start of the new tax rate implementati...

Alliance Global Group To Consider Plans To Expand Casino Operations Outside Metro Manila

Marija Malenovic
Casino Sales, Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Licensing, Philippines
On June 15, Alliance Global Group Inc. (AGI), the Philippines-based conglomerate owned by billionaire Andrew Tan, has revealed that it will consider plans to extend its casino operations outside Metro Manila. T...

NFL’s Global Markets Program Teams Get Permission To Sell Sportsbook Sponsorships To Legal Gambling Operators In Their Countries

Marija Malenovic
U.S.A., NFL, Latest Casino and Gambling News, World Casino News, North America Casino News, Economy/Finance, Licenses, Sports betting, Licensing
Good news for all NFL teams with foreign marketing rights! As Sports Business Journal reported, from June 16, they can sell sportsbook sponsorships to any legal gambling operator in their respective countrie...

Crown Melbourne to Pay Additional AU$20 Million Fine For Wrong Tax Deduction Claims

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Tax Evasion, Oceania Casino News, Fines, Lawsuits & Litigation
Following the series of fines imposed to the Australian casino operator Crown Melbourne over the last two years, the Victorian Gambling and Casino Control Commission (VGCCC) now holds the operator responsible f...

Videoslots Limited To Pay £2 Million Regulatory Settlement for Non-Compliant Procedures

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, European Casino News, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
The UK Gambling Commission has issued a 2 million pound regulatory settlement for Videoslots Limited for the operator's failure to comply with the social responsibility and anti-money laundering (AML) procedure...

Arizona’s Sports Betting Handle in March 2023 Exceeds $600 Million Again

Radosav Milutinovic
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Arizona, Economy/Finance, Licensed online casinos in USA, Taxation, Sports betting, Online Gambling News
The Arizona Department of Gaming (ADG) reports that the sports wagering handle in the state of Arizona reached the level of more than $644 million in March of 2023, which is the second highest monthly level sin...

Macau Legend Sells Savan Legend Casino To Focus On Macau Business

Marija Malenovic
Laos, Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Taxation, Macau, Mergers, Acquisitions & Partnerships, Licensing, Taxes
Recently, Macau Legend Development Ltd., the investment holdings company that owns the Macau Fisherman’s Wharf zone and manages the Legend Palace satellite casino, announced that it has struck an initial agreem...

Entain to Acquire STS Holdings for $946 Million to Expand in Poland

Radosav Milutinovic
Croatia, Australia, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Poland, United Kingdom
Entain, the global sports-betting, gaming, and entertainment group announced the acquisition of the Poland-based sports betting operator STS Holdings. As Reuters news agency reports, Entain is launching a tende...

Richmond City Council Votes To Bring To Life Proposed Casino Project; Second Referendum Likely This Fall

Marija Malenovic
Virginia, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, North America Casino News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Taxation, Licensing, Taxes
During a meeting Monday night, June 12, the Richmond City Council voted 8 to 1 in favor of the bill that would put ONE Casino+Resort back on the November ballot, which will likely move to a second referendum vo...

Macau Tax Revenue Increases 15% in May, Contributes 79% to Total Region’s Income

Radosav Milutinovic
Casino Destinations, Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Financial Press Releases
Inside Asian Gaming reports that the Macau government collected MOP$5.7 billion (US$706 million) in gaming tax revenue in May 2023. The source also transfers the data from the Financial Services Bureau reportin...

Seneca Nation Unveils New 20-Year Gaming Compact With New York State

Marija Malenovic
Tribal Gaming, Casino News, Latest Casino and Gambling News, Tribal Gaming, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York
After several months of discussions, on June 7, the Seneca Nation of Indians revealed that it had struck an agreement in principle with New York State on the newest 20-year casino gaming compact to continue man...

North Carolina Online Sports Betting Bill To Be Signed into Law

Radosav Milutinovic
Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Taxation, North Carolina
The North Carolina legislature has given a final approval on June 7, 2023 to legalize online sports gambling in the state. The bill additionally allowing sports gambling in selected land-based gambling faciliti...