Economy/Finance

Nevada Reps. Get Support From IRS Advisory Council In Effort To Lift Tax Threshold On Slot Machine Jackpots

Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have rec...

WA Authorities Busted Underground Gaming Houses in Perth to Seize Almost $190,000 in Cash

In 2023, Perth authorities carried out two major raids on underground gambling operations in suburban areas to seize almost $190,000 in cash, casino-style gaming chips, and playing cards. The organi...

PAGCOR Releases Statement Denying Misinformation About Plans For Privatization

The Philippine Amusement and Gaming Corp. (PAGCOR) has officially published a statement combating misinformation regarding its plans for privatization. The impact of misinformation: In the aforementioned ...

Detroit Casinos Generate $94.4 Million in Revenue In January 2024

In January 2024, the three Detroit casino operators experienced a decline in table games and slot revenue across their land-based facilities in comparison to the same month last year. Michigan Gaming Control Bo...

Penn Entertainment Acquires Sports Betting License for ESPN Bet Launch in New York

Casino corporation Penn Entertainment has bought a betting license to launch its vertical ESPN Bet to the largest legal sports betting market in the United States. The state of New York originally made only nin...

MGM China’s Adjusted Property EBITDAR Reaches All-Time High For 4Q23 And FY23

For one of Macau’s 6 concessionaires, MGM China, last year was its best year of all time in terms of income collected, as it officially revealed all-time highs for 4Q23 and entire year Adjusted Property EBITDAR...

Nevada Bookmakers Took In $185.6m In Bets On Super Bowl LVIII, Setting a New Record

The Super Bowl, officially hosted by Las Vegas this year, brought in record betting total and small income, regardless of the forecasts that bookmakers across the state would experience a financial hit from the...

Sky City Facing Up to AU$8Million Fine on Non-Compliance Allegations

Following the recent problem gambling and money laundering allegations that costed SkyCity Entertainment Group millions of dollars, a leading casino corporation in Oceania is facing legal consequences again. Th...

Mahomes’ Super Bowl Performance Sets Off the Sports Books’ Overtime Prop Bet Loss

Kansas City Chiefs won the Super Bowl title for the second time in a row to seemingly turn the San Francisco 49ers' title dreams into the sleepless nights of regrets. However, the outstanding performance of Pat...

Sioux Valley Dakota Nation And Its Allies Sign a Memorandum of Understanding To Build a New Casino

Three First Nations in Westman, Manitoba, including the Dakota Plains First Nation, the Canupawakpa Dakota First Nation and the Sioux Valley Dakota Nation, have officially signed a memorandum of understanding (...

Alabama Could See First Votes on Gambling Legislation for State Lottery, In-Person & Online Sports Betting and Up to 10 Casinos

Sports betting, a state lottery, and casinos might become legal in Alabama after the voters decide upon the approval of the gambling legislation in the state, which is expected to be done this week.  Possibl...

BetMGM Reached $1.96Billion in Revenues in 2023; Looking to Hit $500 Million EBITDA by 2026

BetMGM, a leading sports betting and iGaming corporation, has released its 2023 financial result. The joint venture of casino and entertainment giants MGM Resorts and Entain reportedly generated almost $2.00 bi...

Mets Owner’s $8 Billion Casino Proposal in Queens to Include Community Investments

Eleven casino companies are in the race for the three available casino licenses in the downtown New York City. One of the patient runners is Mets owner Steve Cohen, who has recently partnered with the casino an...

Macau To Host Minimum 960,000 Visitors for Lunar New Year, MGTO Says

A minimum of 960.000 individuals are projected to pay a visit to Macau throughout the duration of Lunar New Year, which will last 8 days, with an average number of visitors of 120.000 daily, according to Maria ...

Bally’s Temporary Casino in Chicago Surpasses $10 Million in Gross Gaming Revenue in January

Bally’s began the new year with fantastic results, especially when it came to the company’s temporary casino in Chicago.  Fantastic results in the new year: The casino, which is located at the Medinah Tem...