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Industry
January 17, 2024
Online Casinos Don’t Make New York Budget Cut in 2024
January 8, 2024, marked the second year of legalized online sports betting for the market in New York. The activity broke all records for that period, with billions of wagers and significant proceeds to the state and the operators who hold a license. While sports betting surpassed even the brightest predictions, online gambling may not […]
Industry
January 16, 2024
BGC Asks Government to Make Affordability Checks Frictionless
The Betting and Gaming Council has urged the British government to “honor its commitments” on frictionless financial risk checks. This follows a recent announcement that the Petitions Committee will discuss the issue. In 2023, Nevin Truesdale, CEO of the Jockey Club, launched a petition against the affordability checks, arguing that they are discriminatory and harmful. […]
Industry
January 16, 2024
Spelinspektionen Signs Memorandum of Understanding with IBIA
The Swedish Gambling Authority (Spelinspektionen, SGA) has joined forces with the International Betting Integrity Association (IBIA), signing a memorandum of understanding (MoU) on sports betting integrity. Under the MoU, the Swedish regulator will work with the largest international betting integrity monitor in the world, allowing it to better prevent fraud. The agreement will see the […]
Industry
January 16, 2024
Macau Can Expect Stable Q4 EBITDA Growth
Macau’s six concessionaires are expected to report a 6% increase in aggregate Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter of 2023, with SJM Holdings and Wynn Macau leading the way. The casino resorts must adapt to rapidly shifting industry trends, but 2024 should present more opportunities than challenges, helping the […]
Industry
January 16, 2024
Federal Handle Tax Bill Sparks Industry Controversy
In the 1950s, a federal excise tax on sports wagers was implemented as a method to fight against illegal gambling. The tax, which is 0.0025% of every sports wager has remained in place since, despite efforts of lawmakers against it. While at the time, only Nevada was affected by the tax, this is not the […]
Industry
January 15, 2024
France’s Regulator Slashes 179 Entries from Its “Liste Sport”
France’s gambling regulator, L’Autorité Nationale Des Jeux (ANJ), announced the removal of a significant number of offerings from its “Liste Sport.” The list, which contains all sports betting offerings authorized by the authority, has now been reduced to 772 entries. The ANJ said that it reviewed its list in December, following extensive market research. According […]
Industry
January 15, 2024
Macau Jockey Club Terminates Concession as Losses Exceed $2.5B
Macau Horse Racing Company Limited, the company behind the Macau Jockey Club, announced with regret that it has reached an agreement with the Macau government to terminate its concession contract. Under this agreement, the contract will expire on April 1, 2024. The Macau Jockey Club was founded through a contract between the Portuguese government and […]
Industry
January 15, 2024
Malta Gaming Authority Cancels Genesis Global Authorisation
The Malta-based authority whose goal is to regulate different sectors of the gaming industry by guaranteeing fair and transparent gaming, preventing crime, and protecting minor and vulnerable players, Malta Gaming Authority (MGA), has published its decision to cancel Genesis Global Limited’s authorization. The only regulatory body entitled to govern all gaming activities in Malta made […]
Industry
January 15, 2024
Fontainebleau Miami’s Owner Donates to Lawmakers for Casino Push
Back in 2017, Miami Beach banned casinos. This happened after a vote of the city commission that unanimously prohibited casinos and other gambling venues within the city limits. Yet, for years, gambling operators have continued to attempt to expand their presence to the lucrative seaside city and some lawmakers are also considering proposals that may […]
Industry
January 15, 2024
UK Petitions Committee to Discuss Truesdale’s Anti-Affordability Checks Petition
In December, Nevin Truesdale’s petition against the United Kingdom’s proposed affordability checks reached its target 100,000 signatures. As a result, the potential scrapping of the checks will be discussed by British MPs next month. For reference, the affordability checks are one the measures outlined in the Gambling Act white paper. It would, according to the […]
