Tag: Economy/Finance
MGM Grand Detroit Workers Approve New Contract; End of the 47-Day Strike
Employees at the MGM Grand Detroit officially voted to approve the latest contract with their employer, an act that ended a strike that lasted 47 days. Approval: [more…]
Kindred Group Leaves North America and Norway; Reduces Number of Employees
Kindred Group, an online gaming operator of casino, poker, bingo, and sports betting, announces that the group will continue to exit the North American market expecting to [more…]
Betting And Gaming Council Calls On UK Chancellor To Reconsider “Stealth Casino Tax”
The Betting and Gaming Council (BGC), the UK’s only wagering and gaming industry body, has called on the Chancellor to reconsider indirect tax on land-based casinos, the [more…]
Louisiana Gaming Revenue Records The Ninth Consecutive Month of Decline
Louisiana Gaming Control Board released on 16 November 2023 the gross gaming revenue figures achieved by the state gambling industry in October. According to the Board, the [more…]
Macau Government Collected $6.4 Billion In Gaming Tax Revenues in Ten Months of 2023
Financial Services Bureau of the city of Macau released on 16 November 2023 the data on the financial impact of the Macau gaming industry on the governmental [more…]
Arizona Sports Betting Handle Reaches $610 Million in September 2023
Sports betting handle in Arizona amounted to more than $610 million in September 2023, according to a November 15 news release (pdf) from the Arizona Department of Gaming [more…]
Combined Income From Virginia’s 3 Casinos Reaches Almost $50M; HR Bristol Exceeds $215 Million Since Official Opening
It was recently reported that Bristol Casino: The Future Home Of Hard Rock, exceeded over $215 million in adjusted gaming income last month, aka October, approximately 16 [more…]
Queen’s Wharf Casino To Open Despite Incomplete Community Impact Study
The long-awaited Queen’s Wharf Brisbane complex is due to open in 2024, although the Palaszczuk government hasn’t commissioned or finished an independent and full study about the [more…]
Dutch Court Rules That Two Online Casinos Refund EUR 217,000 to Gamblers
A Dutch court has ordered two online casino operators to reimburse a total of EUR 217,000 to players having lost money with these gambling websites while online [more…]
Crown Melbourne Casino Workers Announce Strike During the Busy Racing Season
After four months of negotiations for a better terms and conditions of labor agreement, around 3600 workers of the Crown Melbourne casino might reportedly resort to a [more…]
Macau Experiences New Post-Covid Revenue High In October; GGR To Reach US$26.8bln Next Year
During October, the gaming industry in Macau continued to grow in terms of accumulated profits, with gross gaming profit (GGR) reaching a 30.9% increase compared to September’s [more…]
Nevada’s Gaming Income For September Improved Thanks To Strong Performances Of The Strip And Clark County
During September, the Las Vegas Strip was able to generate impressive revenue as it increased the state’s overall monthly gambling revenue, according to the Nevada Gaming Control [more…]
MGM Springfield Reaches $6.8 Million Settlement Agreement With The State
MGM Springfield reached a $6.8 million settlement with the Attorney General’s Office over the allegations that the company committed wage and hour violations to impact 2,036 workers. [more…]
La Française des Jeux Generates 1.875 Billion In Revenues From January to September 2023, Acquires ZEturf and PLI
France’s leading gaming operator and one of the industry leaders worldwide, La Française des Jeux (FDJ), announces its revenue figures for the period January – September 2023 [more…]
Arizona’s Sports Wagering Handle Increases 11% in August 2023
Arizona Department of Gaming (ADG) released the report on the Arizona market performance in August. The report shows that the legal sports betting increased the handle during [more…]
Police Arrests Almost 2,000 People in Malaysia Because of Illegal Betting and Lottery
A huge enforcement operation was conducted in Malaysia recently, and the results were significant. Almost 2,000 people were arrested during one of the raids related to illegal [more…]
Kenyan Sports Development Fund Achieves $320 Million In Sports Betting Revenues
The Kenyan governmental initiative Sports, Arts and Social Development Fund has reportedly generated Ksh48.2 billion (US$320 million) from sports betting operations over the past five years. The [more…]
Romania Issues Draft Emergency Ordinance To Introduce Changes In Gambling Industry
New measures offiicially adopted on October 5 via the Emergency Ordinance (GEO) that external advertising will be restricted to 35 square meters and that casinos can no [more…]
Super Typhoon Causes Macau’s GGR To Drop 13.2% In September
Last month, September, Macau’s gross gaming income (GGR) fell 13.2% month-after-month to MOP14.94 billion, which is approximately US$1.85 billion, the Gaming Inspection and Coordination Bureau, the Macau’s [more…]
New Jersey Supreme Court To Judge On Insurance Exclusions Related To COVID-19
The New Jersey Supreme Court is contemplating if Atlantic City Casino could receive business interruption insurance payments for losses that it suffered throughout the pandemic period, possibly [more…]
Macau’s GGR For First 24 Days Of September At MOP12 Billion
During the first 24 days of September this year, Macau’s gross gaming income (GGR) was calculated to be roughly MOP12 billion, which is approximately $1.49 billion, with [more…]
