Financial Press Releases | World Casino News

Nevada Gaming Revenue Declines in August Due to Timing and Luck Factors

September 28, 2024

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

Nevada’s gaming industry experienced a second consecutive month of revenue decline in August, with analysts attributing the dip to bad timing and a run of luck favoring the players. According to the Nevada Gami...

Flutter Predicts U.S. Gambling Market Will Surpass $60 Billion by 2030

Johnny K.

September 26, 2024

Latest Casino and Gambling News, U.S.A., 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

Flutter Entertainment, the parent company of FanDuel, has projected that the U.S. gambling market will grow significantly, expecting it to exceed $60 billion by 2030. The latest forecast marks a notable increas...

Brazil Projects R$3.4 Billion Revenue from Online Gambling Regulation in 2024

Vanja Mitic

September 26, 2024

Latest Casino and Gambling News, Brazil, Central & South America Gaming, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases

Brazil's Finance Ministry is positioned to potentially generate up to R$3.4 billion (approximately US$ 620 million) this year through the regulation of online gambling. This revenue projection hinges on the app...

Star Entertainment Reports Massive Loss Amid Regulatory Changes

Vanja Mitic

September 26, 2024

Casino Destinations, Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Financial Press Releases

Australia's Star Entertainment Group has disclosed a significant statutory loss for the fiscal year ending June 30, 2024. The reported loss amounts to AU$1.69 billion (US$1.16 billion). This substantial financi...

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

Vanja Mitic

September 25, 2024

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

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

Johnny K.

September 20, 2024

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

Latest Casino and Gambling News, Casino Destinations, 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...

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...

Loto-Québec Navigates Early Fiscal Challenges with Optimistic Outlook

Vanja Mitic

September 16, 2024

Latest Casino and Gambling News, North America Casino News, Canada, 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...

Fox Corporation to Capitalize on Lucrative FanDuel Stake with Strategic Acquisition

Vanja Mitic

September 12, 2024

Casino Sales, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases

Fox Corporation's CEO, Lachlan Murdoch, at the Goldman Sachs Communacopia and Technology Conference, confirmed the company’s strategic move to activate its option to acquire an 18.6% stake in the sports betting...

Sweden’s Gaming Industry: Robust Growth and Transformative Shifts in Q2 2024

Vanja Mitic

September 10, 2024

Sweden, Casino News, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases

Sweden's gaming industry has shown a remarkable increase in economic performance in the second quarter of 2024. The licensed gaming companies reported a total turnover of SEK 6.9 billion, representing a growth ...

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Vanja Mitic

September 6, 2024

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Financial Press Releases

The Hong Kong Jockey Club (HKJC) has reported a notable drop in income for the fiscal year ending 30 June 2024, totaling HK$14.8 billion (US$1.90 billion), a 10.5% decrease from the previous year. This decline ...

Macau’s Casino Revenue Surges in August, Edging Closer to Pre-Pandemic Figures

Vanja Mitic

September 2, 2024

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

In a significant rebound for the gaming industry, Macau's casinos have reported an impressive increase in gross gaming revenues (GGR) for August. The Gaming Inspection and Coordination Bureau (DICJ) provided fi...

Grand Korea Leisure Reports Stellar Casino Revenue Growth in August; Up 114.7% From July

Vanja Mitic

September 2, 2024

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

Grand Korea Leisure Co Ltd (GKL), a prominent operator of casinos designated for foreigners in South Korea, has experienced a significant uptick in its casino revenue figures for August. In a September 2 filing...

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Vanja Mitic

August 30, 2024

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

SJM Holdings, a casino operator from Macau, has witnessed a substantial enhancement in its operational outcomes, primarily due to cost reductions in its satellite casinos and significant upgrades across its maj...

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Nevada Gaming Revenue Declines in August Due to Timing and Luck Factors

Flutter Predicts U.S. Gambling Market Will Surpass $60 Billion by 2030

Star Entertainment Reports Massive Loss Amid Regulatory Changes

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

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

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

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

Loto-Québec Navigates Early Fiscal Challenges with Optimistic Outlook

Fox Corporation to Capitalize on Lucrative FanDuel Stake with Strategic Acquisition

Sweden’s Gaming Industry: Robust Growth and Transformative Shifts in Q2 2024

Increase in Football Betting Duty Sees Decline in Income for Hong Kong Jockey Club

Macau’s Casino Revenue Surges in August, Edging Closer to Pre-Pandemic Figures

Grand Korea Leisure Reports Stellar Casino Revenue Growth in August; Up 114.7% From July

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Sweeping Reforms Announced by Texas Lottery Amid Courier Controversy

Louisiana’s Gaming Sector Shows Mixed Results in January Analysis

Billionaire Tilman Fertitta Becomes Largest Shareholder of Wynn Resorts, Surpassing Elaine Wynn

USA-Canada 4 Nations Final Breaks Hockey Betting Records

Missouri Sports Betting Delayed to Fall 2025 Following Rule Rejection