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Business
August 22, 2019
PayPal Enforces Tougher Gambling-Related Regulation
PayPal introduces stricter polices for online payments related to casino/betting activities Only the state of Schleswig-Holstein supports online betting and casinos legally The Third Treaty on Gambling to be enforced on January 1, 2020 pending ratification PayPal announces plans to enforce stricter policies regarding any transaction associated with online gaming and betting in Germany. PayPal […]
Business
August 19, 2019
First Stock Tumble Writes Off Billions from Gaming Companies
Wednesday, August 16 marks solid downturn in stock value American casino & gaming brands lose billions Next recession probably coming, but no concerns expressed by the sector’s leaders Casino brands lose billions of market value on first recession signs in the U.S. Yet, brands remain cautiously determined in terms of investment portfolios. A Recession Hits […]
Business
August 18, 2019
Star Group Australia Loses on VIP, Posts Growth Nevertheless
The Star Group grows market in Australian market VIP vertical losses a bit of momentum Star remains committed to capital-efficient expansion The Star Group posted strong results for its Australian subsidiary, citing a growth in regular market, but weaker VIP results. Star Group’s Australia Results Remain Strong The Star Entertainment Group’s Australian subsidiary achieved an […]
Business
August 17, 2019
theScore to Settle in New Jersey
Canadian media business theScore prepares for launching its sportsbook in the state of New Jersey The New Jersey Division of Gaming Enforcement has cleared the Canadian brand to launch for a select few If results are satisfactory, the New Jersey DGE is agreed to give approval for a full-scale launch “We can’t wait to debut […]
Business
August 17, 2019
JP Morgan Says HK Protests Won’t Affect Macau GGR
JP Morgan says HK protests won’t affect Macau’s GGR Macau notches up record 25% increase in overall visitors HK protests could affect some future tourist performance in Macau With protests beating on in Hong Kong, Macau seems to retain its GGR prospects, analyst firm JP Morgan has said. Macau in the Clear Despite Brewing Hong […]
Business
August 16, 2019
Pennsylvania Releases July’s Sports Betting Results
Pennsylvania’s sports betting handle grows Mobile accounts for 2/3 of all betting activities Daily fantasy sports notch up a 50% growth Pennsylvania posted strong results in July generated by the retail and online sports betting verticals in the Keystone State. Pennsylvania’s Mobile Betting Drives Better Results Sportsbooks in Pennsylvania have posted strong results for July, […]
Business
August 15, 2019
Sports Betting Revenue Up for New Jersey and Delaware in July
New Jersey saw a rejuvenating spike in revenue during July, figures standing at $17.9 million Total handle was generated primarily from the online market, amounting to $213 million from the entire $251.4 m Despite decreased player spending, Delaware also reports a significant improvement of sports betting revenue during July Despite the notable decline New Jersey […]
Business
August 15, 2019
Dallas Cowboys Boss Eyes Arkansas Casino Project
Photo credit: Legends Arkansas Jerry Jones’ Legends Hospitality most likely winner for casino site in Pope County Cherokee Nation Businesses could contribute $39 million in economic development fees Legends still needs to obtain a license first Dallas Cowboys’ owner, Jerry Jones, is teaming up with the Cherokee Nation Businesses to launch a casino in Pope […]
Business
August 13, 2019
Casinos in Maryland Donate $542 Million to Education Fund
Three casino operators have generated and donated more than $542 million meant to facilitate education reform efforts in the state of Maryland State Governor praised the gaming businesses’ strong performance and show of good will Educational reforms in the state, recommended by the Kirwan Commission, require a total of $725 million About 30 percent of […]
Business
August 13, 2019
NFL and Sportradar to Provide Faster and More Accurate Data
Photo credit: Sportradar NFL to release official data to sportsbooks around the world Sportradar will determine which betting firms qualify Integrity to be ensured by both the League and the company NFL and Sportradar sign an extension of their existing partnership to provide more accurate and quicker data, including to sportsbooks around the world. NFL’s […]