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MaximBet Closed Due to Financial Issues
MaximBet joined the range of casinos and sportsbooks that shut their doors due to rising costs.
Closing up because of the macroeconomy:
The company stated that it decided to shut down its sports bett...
Economy/Finance
Encore signs preliminary sports betting licenses transfer agreement with Caesars for Bay State’s market
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, Massachusetts, Nevada
Encore Boston Harbor signed a "preliminary agreement" to transfer one of its mobile sports betting licenses to Caesars Interactive Entertainment.
Benefits of the deal:
This deal is one of the first signif...
Cambodia-China solidify partnership to stop online gambling scams
Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Online gambling regulation, Casino Cheating, China, Gaming Industry News, Economy/Finance, The Players Lounge, Unlicensed Operation, Licenses, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Licensing, Financial Fraud
Cambodia and China solidify their partnership with an agreement to improve their joint efforts to stop online gambling and telecommunications scams. This very productive deal was announced to the public last we...
Times Square Casino proposition strongly opposed by influental Broadway group
The Shubert Organization, one of the most influential member of the Broadway League, is strongly against the plan of opening a casino in Times Square. The plan was initially proposed by Manhattan-based develope...
Hacksaw Gaming gets first-ever licence to enter U.S. market
iGaming provider, Hacksaw Gaming, has been granted a provisional license in West Virginia to enter the United States market for the first time. The company is excited about the event that marks "the start of a ...
Genius Sports’ U.S. sales tripled in Q3; Go beyond expectations
British digital sports content, technology, and integrity services provider, Genius Sports, announced that its U.S. operations increased three times in Q3 2022 when compared to the same period l...
All-time high commercial gaming revenue reported by AGA in Q3 2022
The American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker has reported that commercial gaming revenue in the U.S. reached a record level of $15.17 billion in Q3 2022. This quarterly revenue is 2...
COVID-zero policy led Wynn Macau to $163 million revenue loss in 3Q22
During the past 3 months until September 30th, 2022, Wynn Resorts, a leading developer of high quality hotels and casinos, saw revenue decreased by 162,7,0 million dollars, across Wynn Macau and Wynn Palace, Ma...
IGT gaming and betting segments boost 3Q22 growth
The income from continuing operations of global gaming machines, lottery, sports betting, and iGaming giant International Game Technology (IGT) grew 191% year-on-year to reach US $294 million at the end of 3Q22...
Local Demand led Bloomberry to 89% yearly GGR growth in 3Q22
During the past 3 months until September 30th, 2022, Bloomberry Resorts Corporation's, a leading developer of tourist facilities, casino entertainment, hotel and amusement-themed projects, gross gaming revenue ...
Crown Melbourne Punished for Violating Responsible Gaming Obligations
Victorian Gambling and Casino Control Commission (VGCCC) announced the verdict: Crown Melbourne must pay a record fine of AU $120 million, or US $77 million.
The reason for this punishment lies in a serie...
DraftKings Stocks continue to drop as Monthly User Growth decreases
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On Friday, November 4th, 2022, DraftKings, a daily fantasy sports (subset of fantasy sport games) contest provider and sports betting company, announced slower monthly user growth in the third quarter of the ye...
AUSTRAC audits Sportsbet and Bet365’s crime laws compliance
Two corporate bookmakers, Sportsbet and Bet365, will be subjected to the audit authorized by the Australian Transaction Reports and Analysis Centre (AUSTRAC). External auditors will assess Sportsbet and Bet36...
Macau to benefit from China’s reintroduction of eVisa travel scheme
The Chinese government’s announcement earlier today that it will be fully reinstating its eVisa scheme for mainlanders wishing to travel into Macau reportedly marks a ‘significant’ step in the post-coronavirus ...
Impressive third-quarter revival in PAGCor gaming income
The gaming regulator for the Philippines has reportedly announced that its aggregated third-quarter gaming income exceeded an earlier estimate and more than doubled year-on-year to top approximately $248.9 mill...