Economy/Finance

Pagcor Doubled Net Income in Q1 on 50% Revenue Growth

Radosav Milutinovic
Casino Destinations, Casino News, World Casino News, Gaming Industry News, Casinos of the Philippines, Mobile gaming, Economy/Finance, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corporation, PAGCOR, the Philippine gaming regulator, reported that its net income for the first quarter of 2023 amounted to approximately PHP1.34 billion (US$24.0 million). ...

Tennessee Legislature Passes Bill for The First Handle Tax in the U.S.

Radosav Milutinovic
Tennessee, U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Taxes
The State of Tennessee announced changes in the sports wagering market as its legislators passed the SB 475 Bill on Friday to change the state's mobile sports betting tax system. The Bill will amend the existin...

US Commercial Gaming Revenue Hit Historical $5.12 Billion in February

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Delaware, Sports betting, Online Gambling News, Financial Press Releases, Louisiana, Maryland, Massachusetts, Montana, Ohio, South Dakota
The U.S. commercial gaming operations started the year with full steam to continue the growth in February. According to AGA’s Commercial Gaming Revenue Tracker, the U.S. gaming industry comprising traditional c...

Las Vegas Sands Reports First Quarter Revenues Soaring Over $3 Billion

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, U.S.A., Las Vegas, World Casino News, North America Casino News, China, Gaming Industry News, Mobile gaming, Economy/Finance, Macau, Online Gambling News, Asian Casino News, Financial Press Releases, Singapore, Nevada
The eminent developer and operator of world-class Integrated Resort, Las Vegas Sands Corp., reported its financial results for the first quarter of 2023 today. The report stated that the recovery of the company...

Arizona Tribal Gaming Generated 20% More in Tax Revenues Than Last Year

Radosav Milutinovic
Tribal Gaming, Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Arizona, Economy/Finance, Mobile gaming, Licenses, Taxation, Online Gambling News, Sports betting, Taxes
Tribal gaming in Arizona hit record levels in the first quarter of 2023 to generate the highest level of contributions from the Arizona Department of Gaming (ADG) aggregated since 2004. Following the Arizona Tr...

Star Entertainment Cuts 500 Jobs and Amends 2023 Earnings Forecast

Radosav Milutinovic
Casino Sales, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Employment & Careers, Online Gambling News, Taxation, Oceania Casino News, Labor Relations, Fines, Lawsuits & Litigation, Financial Press Releases
Star Entertainment Group, one of Australia's leading entertainment and gambling companies, reportedly announced that it will cut 500 jobs in an attempt to set off a series of regulatory restrictions and...
star casinos

Star Casino and United Workers Union Against the Tax Increase

Vanja Mitic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, Taxes, Financial Press Releases
The workers in Sydney’s Star casino are worried about their future - and with a reason. Since gaming taxes will be increased in July, many of them will lose their jobs. That’s why the Union decided to schedule ...

PointsBet Selling Its U.S. Operations to Focus on Australian Market

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Australia, Casino News, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Oceania Casino News, Mergers, Acquisitions & Partnerships, Massachusetts
After an extended period of struggle to win a larger US market share, the Australian-based sports betting giant PointsBet has decided to sell its U.S. operations. As Front Office Sports reports, the company has...

Novomatic Reports 55% Revenue and 230% Profit Increase in 2022

Radosav Milutinovic
Austria, Latest Casino and Gambling News, Casino News, Casino expansion projects, World Casino News, Casino project updates, Gaming Industry News, Technology, Economy/Finance, Mobile gaming, European Casino News, Online Gambling News, Sports betting, Financial Press Releases
Novomatic AG, the Austria-headquartered  gaming equipment developer, and operator reported that the group generated gross revenue of EUR2.86 billion (US$3.14 billion) in the financial year 2022 which represents...

New York Sports Betting Hit Record $163.6 Million Revenue in March

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Financial Press Releases, Nevada, New Jersey, New York, Ohio, Pennsylvania
New York sports betting operators had a record monthly performance in March. According to the source, the New York State Gaming Commission reported that the sports betting operators in the Empire State generate...

Illinois Casino Profits Fell By $200M Compared To 2012; Chicago Wagers On Casino

Marija Malenovic
Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Illinois, Financial Press Releases
For decades, the casino industry has been one of the major contributors to the Illinois economy. However, things have changed; as from 2012 to 2022, the same industry saw a $200 million decline, according to da...

Premier League Clubs Vote On Voluntary Front-of-Shirt Gambling Sponsors Ban

Radosav Milutinovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom
Premier League clubs will vote today on a proposed voluntary ban on gambling sponsors from the front of the clubs' shirts. As Daily Mail reports, these sponsorships currently amount to a combined £52 million bu...