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Industry News and Headlines
Industry
May 3, 2022
Tax Increase for Aussie Sports Betting Companies May Bring Dire Consequences
Sports betting operators from the self-governing Northern Territory (NT) in Australia shared their concerns regarding a possible increase in taxes, a new report suggests. A New Report Claims Increase in Taxes May Impact the Sports Betting Industry in Australia On Monday this week, ABC released details obtained under the Freedom of Information law regarding submissions […]
Industry
May 3, 2022
KSA Calls out Stakeholders on AML and CTF Shortcomings
The Dutch gaming regulator is one of the strictest and it is not inclined to overlook shortcomings in compliance on the part of gambling companies. Over the past months, the Kansspelautoriteit has issued several warnings to unnamed operators and advised on general advertisement practices, but there is more. Dutch Authorities Unhappy with Gambling Companies Reporting […]
Industry
May 2, 2022
PAGCOR Q1 2022 Gaming Operations Income Down 66%
Philippines state-owned Amusement and Gaming Corporation (PAGCOR) registered a significant drop in its first quarter 2022 earnings from gaming operations to PHP11.29 billion ($225.8 million), reported Asian gaming specialist media Inside Asian Gaming. Q1 2022 Generated One Third of Q4 2021 The regulator’s income for the three months ended March 31, 2022, represented an increase […]
Industry
May 2, 2022
Gross Gaming Revenue in Macau Hits Rock Bottom in April
April was a tough month for operators in Macau, judging by recently released figures by the Gaming Inspection and Coordination Bureau. GGR in April Hits $335M, Lowest since September 2020 Last month, the gross gaming revenue (GGR) in Macau hit MOP$2.68 billion ($335 million), according to newly released data. This marked a record low value […]
Industry
April 29, 2022
PointsBet’s Q3 FY22 Report Revealed Solid Growth
Australian-based sports betting and gaming operator PointsBet released today its third quarter report for the fiscal year (FY) 2022 posting a 54% increase in turnover. Markets picked up the news and PointsBet shares rose by double digits in morning trading. Quarterly Financial Results PointsBet’s turnover reached nearly AU$1.4 billion ($1 billion) in the reported quarter […]
Industry
April 29, 2022
Caesars Teams with Emagine to Rebrand Royal Oak Sports Lounge
A movie complex in Michigan is set to become the first to host a sportsbook after an agreement between Emagine Entertainment and Caesars Entertainment will rebrand the sports lounge at Royal Oak as Caesars Sportsbook Lounge Powered by Emagine. Entertainment and Customer Engagement The sports lounge at Royal Oak Emagine cinema complex was opened by […]
Industry
April 29, 2022
Northern Ireland Enacts Gambling Bill to Change How Betting is Governed
Northern Ireland has enacted a bill that will bring major changes to the region’s gambling regulations. The so-called Betting, Gaming, Lotteries, and Amusements Bill received royal assent and will address some of the issues of the local market. The Bill Allows Operators to Remain Open on Sundays The Bill amends certain parts of Northern Ireland’s […]
Industry
April 29, 2022
TransUnion Alerts about a 50% Increase in the Gambling Fraud
TransUnion, a US-based consumer credit reporting agency, published a fraud analysis report, according to which the global digital fraud rate dropped by 22.6% in the first quarter of 2022 in comparison to the prior-year quarter. However, despite the fact that fraud decreased in most sectors, the gambling industry registered a 50.1% growth in fraud rate […]
Industry
April 28, 2022
Better Collective Hires Capital Market Expert Mikkel Munch-Jacorbsgaard
Sports media group dedicated to developing educational platforms for the online casino gaming industry Better Collective continued to build on its team of executives with the appointment of Mikkel Munch-Jacobsgaard as Director of Investor Relations. Experience in International Capital Markets The appointment of Mikkel Munch-Jacobsgaard as Better Collective’s new Director of Investor Relations effective from […]
Industry
April 28, 2022
Evolution Registered 50% Profit Growth in First Quarter 2022
Gambling technology supplier Evolution AB released its first quarter interim report today posting strong growth across all key metrics supported by its Live Casino segment. Strong Financial Metrics For the first three months ended March 31, 2022, Evolution accounted for operating revenues of €326.8 million ($342.3 million), an increase of 38.6% to €235.8 million ($247.6 […]