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Business
April 25, 2024
Churchill Downs Enjoys Exceptional 2024 Start with Strong Q1 Results
The parent company of Churchill Downs, Churchill Downs Incorporated (CDI), released its latest financial update. On Wednesday, the company disclosed insights regarding its performance for the first quarter of 2024 or the quarter that ended March 31, 2024. In its latest trading update, CDI highlighted strong growth in terms of adjusted EBITDA and net revenue. […]
Casino
April 25, 2024
Quebec Considers Ontario-inspired Model as Budget Solution
Alberta may seem like the frontrunner, but Quebec is also emerging as a contender in the debate over which Canadian province will follow Ontario’s lead in implementing a regulatory model for online gaming. Report Reveals Ontario Gaming Model as Solution to Quebec’s Budget Woes With Quebec facing budget challenges, the government has tasked crown corporations, […]
Industry
April 25, 2024
Lawmakers in Alabama Continue Gambling Proposal Debate
A proposal calling for the expansion of gambling activities across Alabama has been gaining traction recently. House Bill 151 (HB 151) calls for the legalization of sports betting, expansion of gambling and the establishment of a lottery. While both Democrat and Republican lawmakers showed support for the proposal, there are still points on which they […]
Business
April 25, 2024
Expert Analyst Shares Insights about the US Gambling Sector
Ahead of the traditionally busier summer season, gambling operators are still facing some uncertainties across the United States. Major recent sports events such as the Super Bowl and the NFL helped bring mixed results, varying from one operator to the other. Yet, an important factor throughout the year would be potential changes to the interest […]
Industry
April 24, 2024
Melco CEO Wants Multi-Trip Visa Between Hengqin and Macau
In 2023, the operator of prominent Macau-based properties like Altira, City of Dreams, Studio City, and Morpheus, Melco Resorts & Entertainment, launched the Studio City phase, thus expanding one of its most lucrative venues counting 900 luxury rooms. Following the ongoing development of the company as well as the industry as a whole in the […]
Industry
April 24, 2024
iGB and Sportingtech to Release Their First LatAm Gaming Report
The Clarion Gaming-owned gambling news outlet, iGaming Business (iGB), announced a strategic collaboration with the award-winning iGaming platform that provides innovative gaming solutions for operators across the globe, Sportingtech. The new partnership, announced Wednesday, sees the duo join forces for the release of the first iGB LatAm gambling report. The comprehensive report is expected to […]
Industry
April 24, 2024
Gambling Addict Imprisoned for Theft That Left Coworkers Jobless
A gambling addict who was found guilty of fraud by abuse of position and the theft of £186,000 ($231,000) in cash from his employers was sent to six years in prison. The sentence was formulated by the Liverpool Crown Court following the suspect’s trial. He was jailed on April 22 for several thefts that he […]
Industry
April 24, 2024
Former Star CEO Cooke Addresses Sydney Casino License Inquiry
The second inquiry into license suitability for The Star Sydney, one of the properties of the leading Australian casino entertainment company, Star Entertainment Group, is currently ongoing. The inquiry into The Star Sydney followed a massive probe into the company’s operations that uncovered a range of deficiencies. As the discussions about The Star Sydney’s license […]
Business
April 24, 2024
Tribal Casino Payments to Michigan Mark Decrease in 2023
Currently, tribal operators represent an important part of the gambling market in Michigan. The state has established gaming compacts with 12 federally recognized Native American tribes, which operate a total of 23 land-based class III tribal casinos. The 23 casinos represent the majority of the sector in Michigan, considering that the only three commercial venues […]
Industry
April 24, 2024
WalletHub Publishes Most Gambling-Addicted States Report
WalletHub has released its new Most Gambling-Addicted States report, highlighting the jurisdictions that struggle the most with gambling harm. While some states fared fairly well, others exhibited concerning addiction rates. It is perhaps hardly surprising that Nevada, the gambling capital of the world, scored the highest on WalletHub’s report. With a total score of 72.52, […]
