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Industry
June 28, 2022
Roe vs Wade Prompts DraftKings to Issue $10,000 Benefits Package
DraftKings, a US-based sports betting giant with a global reach, has become the latest industry company to respond by condemning the decision of the US Supreme Court to overturn the Roe vs Wade decision which effectively prohibited individual states from banning abortions en masse. With the decision overturned, though, many conservative states across the United […]
Industry
June 28, 2022
Moody’s Downgraded SJM’s Future Outlook to ‘Negative’
One of the six concessionaires in Macau, SJM Holdings, has seen its future outlook changed to ‘negative” by Moody’s Investors Service following a review of its ratings this week. Maintain CFR and Bond Ratings The rating agency also confirmed SJM’s Ba3 corporate family rating (CFR) and the B1 rating on the senior unsecured bonds issued […]
Industry
June 27, 2022
Holland Casino Reaches Trade Union Agreements to Increase Wages
Dutch gaming operator Holland Casino reached an agreement with two trade unions, the Federation of Dutch Trade Unions (FNV) and De Unie, to increase wages for its personnel. One-Off Increase and Collective Labor Agreement After weeks of negotiations with the FNV and De Unie, Holland Casino agreed to increase workers’ pay by 2.5% effective June […]
Industry
June 27, 2022
NSW Seeks to Address Hospitality and Casino Staff Shortages
A strike is looming in Atlantic City, New Jersey. One of the beating hearts of the United States, this quirky anatomical simile aside, may come to a stop, as employees are preparing to strike on July 1 and July 3, and possibly extend their efforts to cut a better deal with the city’s casinos. What’s […]
Industry
June 27, 2022
NC to Have Third In-Person Sports Betting Outlet
Two casinos currently offer in-person sports wagering in North Carolina. Those are the Harrah’s-branded venues owned by the Eastern Band of Cherokee Indians. Located in the western part of the state, the venues introduced their in-person sportsbooks in March last year. Now, according to a new report, there will be a third in-person sportsbook opening […]
Industry
June 27, 2022
PAGCOR Settled $15M of the Fees POGOs Owed
The Philippine Amusement and Gaming Corporation (PAGCOR) announced that it has collected more than a third of the fees Philippine Offshore Gaming Operators (POGOs) owed. In total, the regulator recovered about $15 million. The rest is owed by operators that have remained closed since the beginning of the pandemic. The PAGCOR Recovered a Third of […]
Industry
June 27, 2022
Sri Lanka “Casino King” Becomes Minister Amid Crisis
“Casino King”, “Richest Man in Country” – Now Minister as Well Dhammika Perera, AKA Sri Lanka’s “casino king”, was appointed as minister of technology and investment promotion last Friday. The news comes as Sri Lanka is heavily affected by an economic crisis and nationwide protests are plaguing the country. This led to president Gotabaya Rajapaksa’s […]
Industry
June 27, 2022
ACMA to Set Up New Self-Exclusion National Gambling Program
The Australian Communications and Media Authority (ACMA) has been doubling down on regulating gambling over the past couple of years. The watchdog managed to ban hundreds of illegal operators who offered gambling products to Australians without a license and its determination motivated many others to simply give up on the idea of continuing to operate […]
Industry
June 27, 2022
Dutch Gambling Regulator Boss Tells Companies to Self-Regulate Better
Self-regulation could have been a panacea for many gambling markets across Europe, but alas, brands are always doubling down on player acquisition, and it’s an instinct that is difficult to overcome. This is why Dutch Gambling Authority (KSA) boss Rene Jansen is not entirely convinced whether operators are even able to uphold unspoken rules that […]
Industry
June 27, 2022
New Zealand to Spend $75M on New Gambling-Harm Prevention Program
The Labor government in New Zealand is realizing the urgency of acting quickly in addressing a societal ill that has been putting people at risk. Problem gambling is a growing issue in the country and the government now wants to focus more efforts on ensuring that it is able to successfully minimize gambling-related harm. New […]
