Economy/Finance

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, Mergers, Acquisitions & Partnerships, Oceania Casino News, 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
Casino News, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, 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
Latest Casino and Gambling News, U.S.A., Casino News, 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
Latest Casino and Gambling News, Gaming Law & Legislation, Casino 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...
sweden

Gambling Laws Change and Fees Increase in Sweden: Operators Approve It

Vanja Mitic
Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Taxation, Online Gambling News, Licensing, Taxes
The Gambling Authority’s new proposal for changes in the Swedish gambling law has been approved by the Swedish Trade Association for Online Gambling (BOS). Some changes included in the proposal are related t...
funding

Sports Betting Operators in the District Against Stripping the Funds from Problem Gambling

Vanja Mitic
D.C., Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases
Problem gambling is currently among the biggest problems in the whole industry. These days, it’s a point of argument between private sports betting operators and the District. The DC wants to use part of the...

Atlantic City Casinos Recorded 4.6% Lower Operating Profit in 2022

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Financial Press Releases, New Jersey
Atlantic City’s nine casino resorts collectively had a 4.6% lower operating profit in 2022 than the previous year to testify to the long-lasting impact of the 2020 COVID-19 outbreak on the profitability of the ...
kewadin

Kewadin Casinos Gaming Authority to Pay a Settlement Because of Unbuilt Casinos

Vanja Mitic
Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Fines, Lawsuits & Litigation, Michigan
Casino projects in Lansing and Romulus are the point of disagreement between the Sault Ste. Marie Tribe of Chippewa Indians and their former development partners, JLLJ Development and Lansing Future Development...

Could Ontario’s success lead to more Canadian provinces opening up their iGaming markets?

Kim M
Latest Casino and Gambling News, Canada, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Ontario, Online Gambling News, Indepth / Featured Articles
Ontario's legal iGaming market just celebrated its one-year anniversary after opening on April 4, 2022, and in that time has delivered roughly C$35.6bn ($26.41bn) in total wagers and approximately C$1.4bn ($1.0...

Hard Rock Casino Rockford Adds Live Table Games to the Gaming Floor

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, U.S.A., Casino expansion projects, World Casino News, North America Casino News, Casino openings, Gaming Industry News, Brick-n-Mortar Poker Rooms, Economy/Finance, Poker, Taxation, Illinois
A source reports that Hard Rock Casino Rockford has added blackjack and other live table games today. This addition represents a significant milestone in the casino's operations strengthening Hard Rock's portfo...