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Industry
July 19, 2024
Casino Sector Underperforms Despite Solid Fundamentals, Analyst Warns
Barry Jonas, an analyst at Truist Securities, is worried that the casino sector has been underperforming. He cited strong gaming fundamentals but said investors are growing increasingly concerned about a potential consumer pullback. Las Vegas Strip Shows Surprising Strength Amid Investor Worries In a note to investors, Jonas dismissed concerns about record heat in Las […]
Industry
July 19, 2024
Massachusetts Communities Benefit from $18M in Gaming Commission Grants
The Massachusetts Gaming Commission (MGC) has just awarded over $18 million worth of grants from the Community Mitigation Fund (CMF) all throughout several municipalities and eligible entities in the state. This funding, which is for fiscal year 2025, aims to offset any negative effects that may come with running a casino as well as improve […]
Industry
July 18, 2024
CreditSights Predicts Fast Recovery for Macau GGR as Tourism Grows
Macau’s post-COVID recovery continues as the special administrative region continues to attract an increasing number of visitors. According to credit research specialist CreditSights, the money wagered per visitor has been experiencing a steady recovery, returning to approximately 93% of the pre-pandemic levels. According to CreditSights analyst David Bussey, the GGR spend per visitor for the […]
Industry
July 18, 2024
Washington D.C.’s Online Sports Betting Market Launches after a Minor Hiccup
Wednesday was a significant milestone for Washington D.C. as Fan Duel, which previously enjoyed a monopoly in the city, is now joined by BetMGM and Caesars Sportsbook. The District had to wait for the ratification of the fiscal year 2025 budget to continue sports operations, causing unintended disruptions for operators. D.C. Online Sports Betting Had […]
Industry
July 18, 2024
Saxony-Anhalt Court Gives the Thumbs Up to GGL’s Streaming Ban
Germany’s Saxony-Anhalt Higher Administrative Court supported banning streamers that promote unlicensed gambling to people in the country. The decision by the court affirms Gemeinsamen Glücksspielbehörde der Länder’s (GGL) earlier ban on an influential German streamer. The decision was welcomed by GGL board member Ronald Benter who said that this marks a huge milestone in the […]
Industry
July 18, 2024
ACMA Bans Two More Offshore Operators
The Australian Communications and Media Authority (ACMA) has issued blocking orders against more illegal gambling operators, asking internet service providers (ISPs) to cut access to their domains. After thorough investigations, the Australian regulatory body learned that Richard Casino and Wanted Win offered services that violated the country’s Interactive Gambling Act 2001. The ACMA issued a […]
Industry
July 18, 2024
NCPG Introduces Tribal Advisory Council to Tackle Gambling Issues
In order to tackle gambling-related issues among Native American communities, the National Council on Problem Gambling (NCPG) has formed its Tribal Advisory Council. NCPG is the only national nonprofit organization that focuses on reducing the economic and social impact of gambling addiction, and its new program seeks to foster closer cooperation with tribal gaming organizations. […]
Industry
July 18, 2024
Experts Call for Compassionate Approach in Self-Exclusion Programs
The panel on responsible gaming at the National Council of Legislators from Gaming States (NCLGS) Summer Meeting in Pittsburgh looked into voluntary self-exclusion (VSE) programs. This was part of a four-day event at Rivers Casino which featured several sessions. One session discussed different approaches to VSE across various jurisdictions while stressing the need for empathy […]
Industry
July 17, 2024
New Jersey Announces June 2024 Gaming Industry Results
The New Jersey Division of Gaming Enforcement (DGI) released its newest gambling industry financial report for June 2024. The total gaming revenue for New Jersey’s nine casino hotel properties settled at $244.1 million, a modest increase of 1.0% compared to $241.6 million reported in June 2023. Year-to-date win stood at $1.36 billion, consistent with last […]
Industry
July 17, 2024
New KSA Chair Vows to Continue Fighting off the Black Market
Michel Groothuizen, the Kansspelautoriteit’s new chairman, teased that he plans to ramp up the Dutch regulator’s efforts in the war on illegal gambling. Speaking at iGB Live in Amsterdam, he promised to shield the people of the Netherlands from the harmful influence of unlicensed operators. This was notably Groothuizen’s first public appearance as chair of […]
