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Macau’s Gaming Tax Revenue Surpasses 2023 Total in First Nine Months of 2024

October 14, 2024

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

Macau’s gaming industry has continued its rapid recovery in 2024, with the region’s tax revenue from gaming reaching nearly MOP66.40 billion (US$8.31 billion) within the first nine months of the year, surpassin...

South Africa’s Gambling Revenue Soars to Record Highs in 2023-24

Vanja Mitic

October 10, 2024

South Africa, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases

The 2023-24 financial year marked a period of unprecedented growth for South Africa's gambling industry, with gross gambling revenue (GGR) reaching a new peak of ZAR59.3 billion. This figure represents a substa...

Macau’s Golden Week Revenues Surge Past MOP$1 Billion Daily

Vanja Mitic

October 8, 2024

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

Macau's casinos experienced a significant rebound during the National Day Golden Week, recording daily gross gaming revenues (GGR) surpassing MOP$1 billion. This performance was close to the figures of 2019 and...

Playtech Faces Investor Outrage Over Proposed €100M Executive Bonus Scheme

Johnny K.

October 8, 2024

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Labor Relations, Financial Press Releases

Playtech, the global gambling technology company, is encountering criticism from shareholders over a proposed bonus scheme that would reward senior executives with up to €100 million. The controversy follows th...

Macau Experiences Record Betting Volumes During October Golden Week

Vanja Mitic

October 7, 2024

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

As Macau's prestigious October Golden Week festivities unfold, Citigroup analysts have reported unprecedented activity in the premium mass betting sector. This period, spanning from October 1 to October 7, has ...

Macau’s Casino Revenue Falls 12.7% in September, Despite 15.5% Yearly Growth

Vanja Mitic

October 1, 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

In September 2024, Macau's casino landscape presented a complex picture, marked by a significant monthly decrease and an annual increase in gross gaming revenue (GGR). The figures, sourced from the local Gaming...

Playtech’s North American Revenues Triple with Key Expansions

Vanja Mitic

October 1, 2024

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases

On September 30, Playtech announced a remarkable surge in its North American operations, with revenues tripling compared to the previous year, attributed to expansions in key partnerships and new market entries...

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

Johnny K.

September 28, 2024

Las Vegas, Casino News, Latest Casino and Gambling 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

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

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, Economy/Finance, Mobile gaming, 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

Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Australia, World Casino News, Unsavory reports, 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, Asian Casino News, Macau, Taxation, 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

U.S.A., Casino News, 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, 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

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, 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...

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Macau’s Gaming Tax Revenue Surpasses 2023 Total in First Nine Months of 2024

South Africa’s Gambling Revenue Soars to Record Highs in 2023-24

Macau’s Golden Week Revenues Surge Past MOP$1 Billion Daily

Playtech Faces Investor Outrage Over Proposed €100M Executive Bonus Scheme

Macau Experiences Record Betting Volumes During October Golden Week

Macau’s Casino Revenue Falls 12.7% in September, Despite 15.5% Yearly Growth

Playtech’s North American Revenues Triple with Key Expansions

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

Kalshi Under Increasing Legal Scrutiny for Sports Prediction Markets

Trump Stands to Gain $115M If Bally’s Secures Bronx Casino License

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Escalating Challenges for Tribal Gaming Highlighted by California Leaders at San Diego Convention

Miriam Adelson Holds Strong in Forbes’ 2025 Billionaires List Amid Global Shifts