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Casino
August 23, 2022
Cambodia Renews 70 Gaming Licenses, Wants Industry Revitalization
The Cambodian gaming industry was hit extremely hard, with tax revenues painting a dire picture of a perfect storm – the pandemic hit and the new mandatory yearly applications for license renewals required working hands to approve those applications but those hands were missing. As the pandemic eases its grip, more and more industries should […]
Casino
August 23, 2022
New Jersey Gambling Sector Q22022 Net Revenue Increases 14.1% YOY
Atlantic City casinos are struggling to exceed their pre-pandemic revenues as is seen from the results on overall gaming revenue coming from gambling activities in the state of New Jersey in the second quarter of 2022 ending on June 30 as reported by the New Jersey Division of Gaming Enforcement. The New Jersey Gambling Sector […]
Legal
August 23, 2022
ABC Investigations Questions Queen’s Wharf Brisbane Probity Checks
The Queensland probe into Star Entertainment’s casino operations in the state started earlier today and it’s looking into, among other things, the state government’s backing of the Queen’s Wharf Brisbane project by Star, which carries a price tag of AU$3.6 billion ($2.50 billion) and was approved despite the group’s suspected links to various criminal organizations […]
Casino
August 23, 2022
Louisiana Reports Subdued Results for Casinos in July 2022
The State of Louisiana and the Louisiana Gaming Control Board reported a total of $204.2 million generated in gross gaming revenue from river boat casinos and Harrah’s New Orleans. As the state prepares to expand with commercial casinos on the mainland, Harrah’s New Orleans remains the only property that is not located offshore. Slow Month […]
Industry
August 23, 2022
Kambi to Power Oaklawn’s Retail and Mobile Sportsbook
Supplier of sports betting technology and services Kambi Group announced today that it has signed an agreement with Oaklawn Racing Casino Resort in Hot Springs, Arkansas, to power the retail and online sports betting offering of the Thoroughbred racetrack and casino. Replace CDI’s Sports Betting Arrangement The agreement between Kambi Group and Oaklawn Racing Casino […]
Industry
August 22, 2022
MGM Resorts Receives Government Clearance for LeoVegas Bid
Looking to further expand its global presence, the leading hospitality and entertainment company, MGM Resorts International, announced plans to acquire the Swedish gaming and sports betting company LeoVegas. MGM Resorts Receives Approval for LeoVegas Takeover The company unveiled its ambitious plan back in May, but it has now completed another major step forward. Late last […]
Industry
August 22, 2022
California’s GOP Supports the Democratic Party in Opposing Prop 27
The Republican Party in California has shown its support to the Democratic Party in what’s seen as a rare display of bipartisan support in opposing the initiative to legalize sports betting in the state. Prop 27 is supported by numerous big operators such as FanDuel, BetMGM, and DraftKings. Prop 27 Received Everything but a Warm […]
Industry
August 22, 2022
BGC Pleads for Help as Energy Costs Hurt Casinos
The Betting and Gaming Council (BGC), industry body for UK betting and gaming, is concerned about the rising cost of living. The Council contacted the British government, asking it to take action. BGC Is Concerned about the Soaring Energy Prices The BGC noted that the higher costs of energy have dramatically affected the hospitality sector. […]
Casino
August 22, 2022
The Star’s Shares Drop Despite the Reported Success in FY2022
The Star Entertainment has released its report which states that the company’s shares are in the red as they dropped by 0.86%. This development comes shortly after the company released its financial results for the 2022 fiscal year. Several Major Changes Took Place in FY2022 Several changes took place in FY2022, which may have caused […]
Industry
August 22, 2022
Study: 5.8% of Global Adult Population Has Gambling Problem
Dr Simone Rodda from the Auckland University of Technology has co-authored a new study which considered results from other studies that focus on understanding problem gambling and how accessible treatment services are. According to Dr Rodda’s conclusions, most people suffering from gambling problems are unlikely to access such options at all. Understanding Problem Gambling and […]
