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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 […]
Industry
January 15, 2024
VGCCC Directs Tabcorp to Implement Cashless Betting Terminals
The gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), directed Tabcorp, one of the leading gambling operators in the province, to implement changes to most of its Electronic Betting Terminals (EBTs). Per the request of the regulator, a majority of the operator’s machines would have to become cashless. The change […]
Industry
January 15, 2024
Missouri Sports Teams Launch Petition to Legalize Betting
Professional sports clubs in Missouri have launched a petition to get sports betting legalized. Seeking to avoid the Senate, the teams are trying to get the measure to appear on the November ballot. This is not the first attempt to launch legal sports betting in the state, although previous measures have failed to gain significant […]
Industry
January 15, 2024
Freedom Plaza Project Faces Opposition from Manhattan Community Board
Amid the ongoing race for three new downstate casino licenses in New York, proposed projects are facing challenges related to the Uniform Land Use Review Procedure (ULURP). The city previously tabled a proposal that called to avoid procedures under ULURP that would require casinos to go through a review process related to the land use. […]
