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Revenue Crisis Hits GKL: Casino Income Plummets 48.1% in July 2024

August 6, 2024

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

Grand Korea Leisure (GKL), a prominent player in the foreigner-only casino market in South Korea, has encountered an unexpected sharp decline in its casino revenues, with a 48.1% decrease compared to the previo...

Macau’s July 2024 GGR Up 11.6% Year-Over-Year, Shows Strong Recovery

Johnny K.

August 1, 2024

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

Macau has witnessed a notable increase in gross gaming revenue (GGR) in July 2024, signaling a robust recovery and a promising outlook for the remainder of the year. According to the Gaming Inspection and Coord...

BetMGM Anticipates $250M Core Loss in 2024 Amid Aggressive Marketing Push

Vanja Mitic

July 29, 2024

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Canada, Gaming Industry News, Mobile gaming, Economy/Finance, Ontario, Sports betting, Online Gambling News, Financial Press Releases

BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to surpass earlier projections. This news comes as the company aggressively ram...

iGaming Ontario Reports $18.4B Total Gambling Handle in Q2’24

Johnny K.

July 25, 2024

Latest Casino and Gambling News, North America Casino News, Canada, World Casino News, Gaming Industry News, Ontario, Online Gambling News, Financial Press Releases

In its market performance report for the second quarter of the 2024-25 fiscal year, iGaming Ontario revealed significant growth across its regulated online gambling platforms. Between April and June 2024, the t...

HLIB Research: Tourist Influx Spurs Growth in Malaysia’s Gaming Sector

Vanja Mitic

July 23, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Malaysia, Financial Press Releases, Singapore

The second half of 2024 is expected to mark a significant recovery for the gaming sectors in Malaysia and Singapore. Hong Leong Investment Bank Research (HLIB Research) has advised investors to maintain an "ove...

Virginia Casinos Revenues Total $59.5 Million in June

Johnny K.

July 19, 2024

Virginia, Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

In June 2024, Virginia's trio of casinos reported a combined total of $59.5 million in gaming revenues, according to the latest data from the Virginia Lottery, cited by Virginia Business. This figure represents...

CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

Vanja Mitic

July 17, 2024

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

CLSA has revised its financial projections for Macau's gaming sector for 2024 and 2025. This adjustment reflects ongoing changes in the global and regional economic landscape, competitive pressures among Macau'...

Philippine Gaming Industry Revenue Soars 19% to $3.3 Billion in First Half of 2024

Vanja Mitic

July 15, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines

The Philippine gaming industry witnessed a significant surge in revenue during the first half of 2024, reporting a year-on-year growth of 19.2%. According to the latest figures released by the Philippine Amusem...

Oklahoma Tribal Casinos Fuel Record $6.8 Billion Indigenous Gaming Revenue in 2023

Johnny K.

July 12, 2024

Tribal Gaming, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Kansas, Oklahoma, Texas

The Oklahoma City and Tulsa regions have been instrumental in setting a new record for Indigenous gaming revenue, totaling $6.8 billion last year. This remarkable achievement has significantly bolstered the fin...

Detroit Casinos Report Best Revenue Year Since 2019

Vanja Mitic

July 10, 2024

Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Michigan

The three major casinos in Detroit, Michigan, are experiencing their most successful year since 2019, with a combined slot and table game revenue of $644.7 million in the first half of 2024, according to an ana...

Kambi Group Revises Financial Goals, Reveals Capital Allocation Strategy

Vanja Mitic

July 5, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Employment & Careers, Sports betting, Online Gambling News, Financial Press Releases

Kambi Group plc’s Board of Directors has made a pivotal decision to retract its financial targets set for 2027. Reevaluation of financial targets: Back in February, Kambi initiated a review of the assumpt...

Nevada Casinos Achieve Record $1.32 Billion in May Amid Strong Event-Driven Growth

Vanja Mitic

June 28, 2024

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Financial Press Releases, Nevada

Nevada's casino industry continues to chart a course towards another record-breaking year, buoyed by strong performance in May despite facing challenges in regional markets. Continued growth in Nevada casino...

NIGC Reports Record $41.9 Billion in Tribal Gaming Revenue for Fiscal Year 2023

Johnny K.

June 28, 2024

Tribal Gaming, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

The National Indian Gaming Commission (NIGC) unveiled its fiscal-year 2023 gross gaming revenue numbers on Thursday, revealing $41.9 billion. This represents an increase of $1 billion, or 2.4%, from the previou...

Star Entertainment Group Revises Full-Year Outlook Amid Economic Challenges

Vanja Mitic

June 24, 2024

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

Star Entertainment Group has revised its full-year earnings and revenue expectations downward, citing challenging trading conditions and increased remediation costs. Revised financial projections: The com...

Arizona Overtakes Nevada in Monthly Sports Betting Handle, Reaching $656.3 Million with Mobile Dominance

Vanja Mitic

June 17, 2024

Latest Casino and Gambling News, Arizona, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, Nevada

In a significant turn of events, Arizona has outpaced Nevada in sports betting handle for the first time since legalization. The Arizona Department of Gaming's recent report for April revealed a staggering $656...

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Revenue Crisis Hits GKL: Casino Income Plummets 48.1% in July 2024

Macau’s July 2024 GGR Up 11.6% Year-Over-Year, Shows Strong Recovery

BetMGM Anticipates $250M Core Loss in 2024 Amid Aggressive Marketing Push

iGaming Ontario Reports $18.4B Total Gambling Handle in Q2’24

HLIB Research: Tourist Influx Spurs Growth in Malaysia’s Gaming Sector

Virginia Casinos Revenues Total $59.5 Million in June

CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

Philippine Gaming Industry Revenue Soars 19% to $3.3 Billion in First Half of 2024

Oklahoma Tribal Casinos Fuel Record $6.8 Billion Indigenous Gaming Revenue in 2023

Detroit Casinos Report Best Revenue Year Since 2019

Kambi Group Revises Financial Goals, Reveals Capital Allocation Strategy

Nevada Casinos Achieve Record $1.32 Billion in May Amid Strong Event-Driven Growth

NIGC Reports Record $41.9 Billion in Tribal Gaming Revenue for Fiscal Year 2023

Star Entertainment Group Revises Full-Year Outlook Amid Economic Challenges

Arizona Overtakes Nevada in Monthly Sports Betting Handle, Reaching $656.3 Million with Mobile Dominance

AGA: Record-Breaking Revenue for U.S. Commercial Gaming in Q3 2024

Wynn Resorts on Track for 2027 Launch of UAE’s First Integrated Resort, Wynn Al Marjan Island

Denmark Ushers in a New Regulatory Era with the Launch of Land-Based Bingo Licensing

Tribal Casino Applications Spur Tensions in Oregon Gaming Landscape

eCOGRA Expands into Arizona, Indiana, and Panama with New Regulatory Approvals