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Industry
October 17, 2023
Stifel Expert: M&A Activity May Rekindle Slot Machine Stock
Jeffrey Stantial, an expert from the American multinational independent investment bank and financial services company Stifel commented on the state of slot manufacturers stock. As reported by casino.org, he noted that the sector’s stock isn’t in great shape but M&A activity could potentially change that. Most slot managers Stantial contacted cited stable NTM purchasing intentions, […]
Industry
October 17, 2023
New York Betting Revenue Grows Along with Problem Gambling
New York officially went live with mobile sports betting in January last year. Despite some conservative predictions, the market in the state grew exponentially, surpassing all projected revenues, positioning New York among the states with the highest revenues. While legal sports betting across the state helped deliver fresh tax revenue, the increase in problem gambling […]
Industry
October 17, 2023
ACMA Publishes Gambling Advertising in Australia Report
The Australian Communications and Media Authority (ACMA) published its Gambling Advertising in Australia: Placement and Spending report, outlining the persistence of gambling ads in the country during the twelve-month period between May 2022 and April 2023. The report notably shows that over a million gambling ads have been aired on free-to-air TV and metro radio […]
Industry
October 17, 2023
UK’s Mandatory Levy Seeks to Minimize the Industry’s Impact on Treatment Services
The United Kingdom is set to consult the implementation of the mandatory levy which will replace the current voluntary system. The measure seeks to prevent the gambling industry’s influence on how gambling harm treatment services are operated. Under the rules outlined in the Gambling Act white paper, online gambling companies will have to pay 1% […]
Industry
October 17, 2023
Greentube Supplies Content to Betway in Ontario
NOVOMATIC’s iGaming division, Greentube, has made further strides into North America, launching its games with Betway in Ontario. The deal expands the long-term partnership between the two companies while reinforcing the provider’s presence in the Canadian province. Under the new agreement, Betway’s customers in Ontario will be able to enjoy some of the supplier’s best […]
Industry
October 17, 2023
Memphis PD Seizes Illegal Gambling Machines and $1M Cash
An ongoing police operation against illegal gambling across Memphis, Tennessee, saw more than $1 million in cash seized, along with nearly 270 illegal gambling machines. The Memphis Police Department (MPD), announced Monday details regarding an ongoing operation that sought to investigate and discontinue criminal activities related to illegal gambling, as well as acts of violence […]
Industry
October 16, 2023
Kentucky Council on Problem Gambling Concerned Over Lack of Therapists
Kentucky officially embraced in-person sports bets on September 7, followed by the much-anticipated launch of an interactive platform for mobile and online wagers three weeks later, on September 28, a date that coincided with FanDuel’s launch of its mobile sports betting app. Ever since, sports betting in the Bluegrass State Sports has generated millions in […]
Industry
October 16, 2023
Reduced Credit Card Fees for Merchants May Hurt Gambling Tourism
A new federal legislation proposal, the Credit Card Competition Act of 2023, aims to reduce credit card fees charged to merchants. However, these interchange fees also fund rewards programs based on points, providing consumers with benefits like airline miles, hotel credits, and cash-back incentives. The potential change has raised concerns about the measure’s broader impact […]
Industry
October 16, 2023
Slots-Like Skill Games Once Again Banned in Virginia
In an unexpected ruling on Friday, the Supreme Court of Virginia reversed a lower court decision and reinstated the state’s prohibition on slots-like skill machines. The Supreme Court issued this ruling during a review of the legality of a longstanding injunction issued by a lower court that had prevented the state from enforcing the ban […]
Industry
October 16, 2023
Responsible Wagering Australia Supports NSW GambleAware Week 2023
Responsible Wagering Australia (RWA) has proudly unveiled its support of NSW GambleAware Week 2023. The move highlights RWA’s commitment to safer gambling and its desire to raise awareness of the dangers gambling poses. This year’s GambleAware Week is set to run from October 16 to 22 and will promote responsible wagering under the “What’s gambling […]
