Economy/Finance | World Casino News

Macau’s Gaming Tax Revenue Climbs, Signaling Strong Fiscal Health

September 25, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Macau, Taxes, Financial Press Releases

Macau's Financial Services Bureau reported a significant rise in gaming tax revenues for August, with a collection of MOP$7.16 billion (US$891 million). This figure represents a 4.8% increase from the previous ...

Spending of Macau High Rollers Accelerates in 2024: Citigroup Report

Johnny K.

September 23, 2024

Casino News, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News

According to a recent report from Citigroup, Macau’s premium mass gaming segment, particularly the spending behavior of high rollers, also known as "whales," is showing notable acceleration in 2024. The investm...

Signing Day Sports Announces Strategic Acquisition of Swifty Global

Vanja Mitic

September 20, 2024

Online gaming software, Latest Casino and Gambling News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

Signing Day Sports, Inc., known for its innovative app assisting high school athletes in recruitment, has announced a pivotal acquisition of 95-99% of Swifty Global, a key player in the sports and casino techno...

Laurence Escalante’s VGW Expands into Lotteries Amid Profit Surge

Vanja Mitic

September 20, 2024

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Online Gambling News

Virtual Gaming Worlds (VGW), the online casino powerhouse founded by billionaire Laurence Escalante, is branching out into the lottery sector after reporting a robust 30% increase in profits, fueled by its succ...

Michigan’s Online Gambling Revenue Jumps in August, iGaming Leads Growth

Johnny K.

September 20, 2024

U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Sports betting, Online Gambling News, Taxes, Financial Press Releases, Michigan

Michigan's online gambling market continues to thrive, with the state's iGaming sector leading a significant revenue increase in August. The Michigan Gaming Control Board (MGCB) revealed that the total gross re...

Citigroup Trims Macau’s September GGR Amid Decline in VIP Betting Volumes

Vanja Mitic

September 19, 2024

Casino Destinations, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

Citigroup has adjusted its estimate for Macau’s gross gaming revenue (GGR) for September, reducing its forecast from MOP$18.25 billion to MOP$17.75 billion (US$2.21 billion). This change follows a significant 1...

Crown Resorts Weighs Possible Offload of Capital Golf Club to Ease Financial Struggles

Vanja Mitic

September 19, 2024

Casino Sales, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance

Crown Resorts is exploring the potential sale of its renowned Capital Golf Club, part of its broader strategy to stabilize finances amid a challenging economic period. The prestigious 18-hole course, located in...

FDJ Accelerates Acquisition of Kindred Group with Early Closure of Acceptance Period

Vanja Mitic

September 18, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

La Française des Jeux (FDJ), France's leading gaming operator, has announced an important update regarding its acquisition of Kindred Group. The acceptance period for the public offer, initially set to expire o...

EveryMatrix Announces Strategic Intent to Acquire Fantasma Games in a Significant Industry Move

Vanja Mitic

September 18, 2024

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships

EveryMatrix, a renowned B2B iGaming software provider, has made a public offer to acquire all shares of Fantasma Games AB, a prominent developer of online casino games based in Sweden. The offer, priced at SEK ...

ROGA Announces New Initiative to Promote Responsible Gaming Among College Students

Johnny K.

September 18, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News

In a significant step towards promoting responsible gaming, the Responsible Online Gaming Association (ROGA) has announced a new initiative focused on the college demographic. Recognizing the unique challenges ...

Flutter Entertainment to Acquire Italy’s Snaitech in a Strategic €2.3 Billion Deal

Vanja Mitic

September 17, 2024

Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships, Italy

Flutter Entertainment, a global leader in online sports betting and iGaming, has announced its agreement to acquire Snaitech S.p.A., one of Italy's foremost omni-channel operators. The transaction, valued at an...

New Jersey’s Online Gambling Sets New Revenue Record in August

Vanja Mitic

September 17, 2024

U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New Jersey

In an impressive display of digital prowess, New Jersey's online gambling sector reached new heights in August 2024, amassing an extraordinary $198.4 million in revenue. This figure represents the highest month...

Macau Sees Rise in Gaming-Related Crimes Amidst Industry Recovery

Vanja Mitic

September 17, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Money Laundering, Economy/Finance, Macau, Asian Casino News, Crime

In the first half of 2024, Macau experienced a notable increase in gaming-related criminal activities, with a 61.8% surge compared to the first six months of 2023. According to Asia Gaming Brief, the Office of ...

Loto-Québec Navigates Early Fiscal Challenges with Optimistic Outlook

Vanja Mitic

September 16, 2024

Latest Casino and Gambling News, Canada, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Quebec, Sports betting, Online Gambling News, Financial Press Releases

Loto-Québec, the crown corporation overseeing gambling activities in Quebec, Canada, reported a decrease in both revenue and profit for the first quarter of the 2024 fiscal year. Despite the downturn, which saw...

Nittany Mall Casino Project Remains On Track Despite Bally’s Withdrawal

Vanja Mitic

September 15, 2024

Casino News, Latest Casino and Gambling News, Casino Destinations, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Pennsylvania

Bally’s Corporation has decided to step away from the ongoing casino project at the Nittany Mall, Pennsylvania, though the initiative is set to progress as originally planned, a recent news release confirmed. ...

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Macau’s Gaming Tax Revenue Climbs, Signaling Strong Fiscal Health

Spending of Macau High Rollers Accelerates in 2024: Citigroup Report

Signing Day Sports Announces Strategic Acquisition of Swifty Global

Laurence Escalante’s VGW Expands into Lotteries Amid Profit Surge

Michigan’s Online Gambling Revenue Jumps in August, iGaming Leads Growth

Citigroup Trims Macau’s September GGR Amid Decline in VIP Betting Volumes

Crown Resorts Weighs Possible Offload of Capital Golf Club to Ease Financial Struggles

FDJ Accelerates Acquisition of Kindred Group with Early Closure of Acceptance Period

EveryMatrix Announces Strategic Intent to Acquire Fantasma Games in a Significant Industry Move

ROGA Announces New Initiative to Promote Responsible Gaming Among College Students

Flutter Entertainment to Acquire Italy’s Snaitech in a Strategic €2.3 Billion Deal

New Jersey’s Online Gambling Sets New Revenue Record in August

Macau Sees Rise in Gaming-Related Crimes Amidst Industry Recovery

Loto-Québec Navigates Early Fiscal Challenges with Optimistic Outlook

Nittany Mall Casino Project Remains On Track Despite Bally’s Withdrawal

Finnish Regulator Fines Veikkaus for Gambling Ads Targeted at Minors

IGT Reports Resilient Q3 2024 Results Amid Cybersecurity Challenges

Pennsylvania Gaming Revenues Rise 2.81% in October 2024

J Resort Plans Expansive Enhancements with $130 Million Investment

DigiPlus Prepares for Brazil iGaming Launch in 2025