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Casino
February 2, 2020
Macau’s Gross Gaming Revenue Dropped 11.3% in January, 2020
Amid rapidly falling visits to Macau, the casino sector stands to lose up to $2 billion in cash flow. Meanwhile, GGR in January has already dropped by 11.3%. Coronavirus Continues to Slow Down Casino’s Results in Macau The coronavirus outbreak in China will continue to take a toll on Macau’s gross gaming revenue (GGR), which […]
Casino
January 29, 2020
PAGCOR Tells POGOs to Put Employees Under Quarantine Because of Coronavirus
The Philippines gaming regulator, PAGCOR, has told POGOs to put employees, flying back from a list of countries where the coronavirus has been confirmed, under a 10-day quarantine. POGOs to Put Employees Under Quarantine as Fears of Coronavirus Mount Fearing coronavirus infection, PAGCOR, the Philippines gaming regulator, has issued a memorandum to all Philippine Offshore […]
Casino
January 28, 2020
Casinos’ Stock Continues to Fall as China Battles Coronavirus
The deadly new strain of pneumonia known as coronavirus has already claimed the lives of 106 people and counting. Amid the spread of the disease, casino companies have also suffered from a historic drop in visitations to Macau and share price decline. Coronavirus’ Spreading Causes Casino Shares to Fall Again Amid China’s efforts to contain […]
Casino
January 27, 2020
Hard Rock Becomes Equity Partner for Bristol Project
Local business leaders have explained that Hard Rock will be joining as an equity partner in a bid to boost the local economy. Hard Rock Still Focused on Bristol Casino Project Hard Rock International has announced its decision to become an equity partner in the upcoming $400 million Hard Rock Bristol Resort and Casino project, […]
Casino
January 25, 2020
NY Gambling Commission Delayed Collecting Tax Due to Legal Process
An audit has revealed that the NY State Gambling Commission may have failed to collect tax that helps pay to maintain the regulatory network as well as the school fund. New York State Commission May Have Burdened Tax Payers Involuntarily New York may not have reaped the full rewards of sports betting, after an audit […]
Casino
January 24, 2020
Coronavirus Prompts Macau to Issue Warnings to Casino Operators
As Macau continues to monitor the coronavirus outbreak, U.S. operators who own properties in the gaming hub have said they will be willing to shut down their operations temporarily to help fight the spread of the pathogen. Operators Ready to Shut Down in Macau to Curb Threat of Coronavirus Several U.S. casino operators have confirmed […]
Casino
January 22, 2020
AI Facial Recognition And Its Application In The Casino Industry
The rapid development in technologies present real opportunities for many businesses to reshape operations and, even some of the most controversial ones such as AI facial recognition and machine learning, the subject for discussion among executives, analysts and lawyers from the casino industry during the recent day-long primer in the UNLV Boyd School of Law, […]
Casino
January 22, 2020
German Casinos Reach 2007 Gross Gaming Revenue Rates in 2019
After 12 rocky years, the German brick-and-mortar casino industry is finally in an upswing, posting solid 25.6% year-over-year increase in their gross gaming revenue (GGR) and catching up to 2007 levels. German Casinos Begin to Improve, Reach 2007 Levels German casinos revenue has reached a record number unseen in over a decade, with operators posting […]
Casino
January 18, 2020
Problem Gamblers and Addicts in Minnesota Research Underway
The state of Minnesota is still trying to pinpoint the exact number of problem gamblers and introduce treatment and well-being options to help clamp down on problem gambling. Yet, this measure contrasts with the fact that problem gamblers drive up to 33% of all gambling revenue in the state. Minnesota Tries to Put Its Finger […]
Casino
January 16, 2020
China Ministry of Public Security Targets Illegal Gambling
The Chinese government continues to actively hunt down illegal gambling operators and black-market rings. A new set of measures coordinated by the Minister of Public Security is coming into effect, bringing multiple departments together. China Reveals New Measures to Stop Illegal Gambling China is going to step its efforts on fighting illegal gambling activities both […]