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Industry
March 7, 2024
IMF: Macau Economy to Return to Pre-Pandemic Levels in 2025
The International Monetary Fund (IMF) has published its outlook for Macau, projecting further recovery of its casino sector and overall economy. Gambling in the special administrative region was affected negatively by the COVID-19 pandemic and China’s Zero-COVID policy but is now on a firm path to recovery. According to the IMF, the recovering GGR will […]
Business
March 7, 2024
Genius Sports Publishes FY 2023 Financials, Exceeds Expectations Once Again
Genius Sports, a leading data, technology and broadcast partner to the global ecosystem connecting sports, betting and media, has published its results for 2023. The year ended December 31, 2023, was very positive to the company, leading to growth across the board. Genius Sports’ financial metrics increases substantially, with the 2023 group revenue reaching $413 […]
Industry
March 6, 2024
Ohio’s Sports Betting Handle Drops, Revenue Soars in January
The Ohio Casino Control Commission (OCCC) has published a report revealing that sports betting operators generated $113.1 million in January 2024, marking a 45.8% decrease compared to January 2023 and a 30% rise from December 2023’s figure. The Buckeye State’s sports betting market officially opened its gates to the public in January 2023, which is […]
Casino
March 6, 2024
Maryland Lottery and Gaming Posts Casino Financials for February
Maryland Lottery and Gaming published information about the financial performance of the state’s six casinos in February 2024. According to the regulator, revenue remained more or less stable. The authority said that the six casinos have reported a total gaming revenue of $159.22 million for February. This figure represents a modest 1.4% year-on-year increase from […]
Industry
March 6, 2024
Full House Resorts Posts FY 2023 Results, Enters Inflection Point
American casino & hospitality company Full House Resorts unveiled a “new phase” for its business as it published its unaudited Q4 and FY 2023 results. Overall, Full House reported Q4 revenues of $60 million, representing a 66.4% year-on-year increase, primarily driven by its American Place property. Adjusted EBITDA for the period skyrocketed, reaching $7.3 million, […]
Industry
March 5, 2024
Macau’s Casino Industry Was the Main Driver of Tax Income in 2024
Macau’s Financial Services Bureau has published information about the tax contribution of the region’s six casino concessionaires. According to the report, the special administrative region’s gambling industry continues to be the main driver of tax income. The total tax revenue reported by the government was $10.5 billion. The bureau said that the six casino companies […]
Business
March 4, 2024
Solaire Resort’s FY23 GGR Hits 97% of Pre-Pandemic Levels
Bloomberry Resorts Corporation, which owns and operates Solaire Resort Entertainment City, has reported consolidated net revenue of Php11.9 billion ($212 million) in Q42023 for the Manila-based integrated destination resort that spreads across an 8.3-hectare site. The figure, which marks a 3% year-on-year rise compared to 2022’s fourth quarter, was partially generated with the help of […]
Industry
March 4, 2024
Sweden’s Operators Report $2.6B in Turnover for 2023
The Spelinspektionen, Sweden’s gambling regulator, has posted data about the regulated Swedish gambling market’s performance in 2023. According to the preliminary results, metrics remained mostly stable, with licensed gambling companies reporting a total turnover of SEK 27.1 billion ($2.6 billion). The turnover figure is more or less in line with the total turnover reported in […]
Industry
March 4, 2024
Ukraine’s Gambling Industry Pays $47.2M in Taxes in February
Ukraine’s Ministry of Finance has published its tax report for February, highlighting a significant increase in the gambling industry’s contributions. Despite the ongoing war with Russia, the tax revenues suggest that the gaming sector is still going strong. According to the ministry, businesses and organizations in the country paid a total of UAH 184.8 billion […]
Business
March 1, 2024
Codere Online Enjoys Exceptional Q4 and 2023 Results
The leading online gambling operator with a presence in Latin America and Spain, Codere Online, released its latest unaudited financial results, uncovering details regarding its performance for the fourth quarter and full year 2023. On Thursday, the company confirmed that for the quarter ended December 31, 2023, its reported revenues of €50.1 million ($54.2 million). […]
