Industry
June 18, 2024
Ixia Capital Launches with Impressive Ambitions
Ixia Capital, a new venture capital fund and studio, has officially launched with a $20 million investment aimed at high-growth companies in gaming, esports, digital assets, and related technologies. Founded by partners with extensive firsthand experience in the iGaming industry, Ixia’s primary mission is transforming innovative ideas and technologies into profitable business ventures. The Company […]
Industry
June 18, 2024
NJ Casino Revenue Soared in May, Betting GGR Declined
The New Jersey Division of Gaming Enforcement published its report about the gaming industry’s performance in May, highlighting increases across the casino and iGaming sector amid a monthly decline in sports betting. The total gaming revenue reported by casinos, racetracks and their partners stood at $510 million for May 2024, up 8.3% year-on-year. The state’s […]
Industry
June 18, 2024
Macau Diversifies Away from Gambling with New Gourmet Twist
In order to expand its economy, Macau has made a strategic decision that involves its well-known culinary status as a way of attracting tourists other than the usual casino visitors. Macau to Exploit UNESCO Gastronomy Status Macau was named a “City of Gastronomy” by UNESCO in 2017 and it intends to leverage this recognition by […]
Industry
June 18, 2024
JMP: DraftKings Cannibalized Fanatics’ Market Share in May
Equity research specialist JMP Securities has published its US sports betting report for May, outlining slight market changes. According to the firm, DraftKings’ market share soared that month, although the company was still unable to surpass FanDuel. As data from Indiana, Iowa, Maine, Maryland, New Jersey, New York and Kansas shows, operators recorded a 72% […]
Industry
June 18, 2024
Auckland Problem Gambler Loses High Court Appeal Over Theft
Across the globe, gambling addiction often falls in treatment categories with other serious addictions such as ones to alcohol or drugs. Excessive gambling and chasing losses often push people into unlawful activities with the list including tax fraud, scams or in serious cases even violent crimes or robberies. In one case, a gambling addict from […]
Industry
June 18, 2024
PAGCOM Could Replace PAGCOR as Philippines Consider Revived Bill
A new bill could replace the Philippine Amusement and Gaming Corporation (PAGCOR) with a new regulatory body as lawmakers seek to reform the Asian country’s gambling sector. The PAGCOR, for context, is a 100% government-owned entity that is currently in charge of regulating gambling. House Bill 3559, which was introduced in August 2022, seeks to […]
Industry
June 18, 2024
NSW Government Commits Additional AU$10M to Minimize Gambling Harm
Although it is identified as a public health issue, gambling is widely spread across Australia. Seeing this problem on a local and national level, lawmakers in the country engaged in an overhaul of the market. Efforts from state to state differ but their primary objective is unified, namely, reducing gambling harm and problem gambling. On […]
Industry
June 17, 2024
New Zealand: Bank Teller Steals from Customers to Fuel Gambling Addiction
Gambling addiction can often lead to dire consequences, especially for people who have easy access to money. This is precisely the case of a former bank teller who faces nearly ten charges after allegedly stealing money from elderly and people with health issues to fuel her gambling addiction. The criminal case involves a woman from […]
Industry
June 17, 2024
Mavericks Owners with Las Vegas Sands Ties Plan New Arena in Dallas
Efforts toward casino gambling and sports betting in Texas have been ongoing for years. Despite debates and support from some lawmakers, the opposition remains strong in the state that is controlled by Republicans. Yet, earlier this year, a survey uncovered that a majority of Texans favor destination resort casino legislation. Conducted by the Texas Hispanic […]
Industry
June 14, 2024
Genting Is Still Considering NYSE or Nasdaq NY Listing
Genting Malaysia, a casino & hospitality giant, is still considering going public in New York. As a result, the company’s shares could potentially appear on the Nasdaq or New York Stock Exchange (NYSE). The matter was once again discussed at the recent annual meeting where Tan Kong Han, the casino giant’s president and chief operating […]
