Legal
February 10, 2023
Hawaii Bill Proposes Taxation for Vacation Gambling Trips
Many residents from the state like to take trips to locations that offer gambling entertainment primarily because the activity is illegal in Hawaii. One of the most popular locations is the gambling capital of the world, Las Vegas. Yet, while many enjoy the activity and it brings profits for operators involved in the organization process, […]
Legal
February 10, 2023
KSA Fines Two Illegal Gambling Operators Nearly $2M
On Thursday, the gambling watchdog confirmed it imposed a regulatory action against Domiseda and Partners sro from Slovakia, as well as Equinox Dynamic NV from Curaçao. The €1.8 million ($1.9 million) total fine breaks down to €900,000 ($965,800) against each of the two operators. The KSA said that it launched a probe into the operations […]
Casino
February 10, 2023
Mohegan Plans to Introduce Non-Gaming Inspire Korea IR Offer in 2023
The Inspire Korea IR developed by Mohegan Gaming & Entertainment should be able to open ahead of its original schedule, and a non-gaming offering should already be available before the end of 2023, the company confirmed during its latest earnings call, summing up the results for the fourth quarter. Tourism Big Focus of Upcoming Project […]
Industry
February 10, 2023
A Surge in Macau Casino Stocks Shows Industry on Path to Recovery
South China Morning Post reported that this is evident in the recent stock market performance of casino operators such as Galaxy Entertainment, Sands China, and MGM China, which have seen significant growth in the past few weeks. In fact, a Bloomberg index that tracks the performance of six of the largest casino operators in Macau […]
Industry
February 10, 2023
BGC Hails Lucy Frazer as Secretary of State for Culture, Media, and Sport
In a statement, the British and Betting Gaming Council (BGC) explained that Frazer’s appointment has come at a crucial time after numerous delays have stalled the publication of the white paper that will overhaul the gambling industry’s laws in the United Kingdom and amongst growing tensions as to how far consumer protection measures should go. […]
Casino
February 9, 2023
Niagara Resorts behind Mohegan’s Strong Fiscal Q1 2023
Mohegan Tribal Gaming Authority published its financial results for the first fiscal quarter of 2023 posting strong growth in income from operations on the back of a marginal increase in revenue. Overview of the Performance Over the three months ended December 31, 2022, Mohegan generated net revenue of $406.62 million mainly due to the strong […]
Casino
February 9, 2023
Wind Creek Hospitality Expands in Florida by Acquiring Magic City Casino
The announcement has come after the Florida Gaming Control Commission has given the green light for the transfer of all assets and gaming licenses held by the casino’s current owners to the authority of the Poarch Band of Creek Indians. The latter is the only Indian Tribe in Alabama recognized by the federal authorities. More Expansion […]
Business
February 9, 2023
Tekkorp Capital Adds Mark McMillan as Advisory Team Partner
Before joining Tekkorp, McMillan accumulated more than two decades of experience within the finance vertical. Moreover, he is a seasoned veteran and a proven leader after helping with the development of different corporate strategies that delivered growth for globally recognized companies. Before joining Tekkorp, McMillan was a part of William Hill US where he served […]
Industry
February 9, 2023
Danish Gambling Regulator Reports Increased GGR in Q4 2022
The latest financial results report from the Danish gambling regulator Spillemyndigheden highlighted that the overall gross gaming revenue (GGR) for the betting, online casino, slot machine, and physical casino sectors amounted to DKK 1.8 billion ($254.9 million) in Q4 2022, which represents a 4.5% increase compared to Q4 2021. The report also noted that all […]
Legal
February 9, 2023
Former Clerks in Missouri Town Embezzled $663,604
The news was confirmed by law enforcement officials who have investigated the case and have collected enough evidence against the now-former city clerk and assistant clerk of Flordell Hills. The pair lived together in neighboring Florissant and are said to have embezzled as much as $663,604. The theft happened over 614 checks that the culprits […]
