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Business
September 25, 2023
Entain Hit by Regulatory Headwinds, Prepares for Slower Online Growth
The global gaming, sports betting and interactive entertainment company, Entain, released a new report Monday, providing an update on its current trading as well as FY 2023 guidance. The recent report included details regarding strategic actions that seek to drive shareholder value and accelerate its operational performance. Focusing on current trading, Entain said that has […]
Business
September 25, 2023
The Star Entertainment Group to Raise $770,000 to Cover Existing Debts
The Star Entertainment Group, an Australian casino and hospitality company, continues to encounter financial trouble following its recent regulatory hurdles. Amid these difficulties, the company unveiled its plans to raise AUD 1.2 billion (around $770,000) to reinforce its business and deal with existing debts. As outlined in an ASX announcement, Star Entertainment will use a […]
Business
September 25, 2023
Loto-Quebec Posts Strong Revenue for Q1 of Fiscal 2023-2024
Loto-Quebec, the Canadian lottery and casino operator, released its latest financial results, outlining details regarding its performance for the first quarter of the fiscal year 2023-2024. In its latest report, the operator confirmed that it has seen total revenues of CA$711.2 million ($528.2 million), as well as a consolidated net income of CA$380.9 million ($282.9 […]
Industry
September 21, 2023
New South Wales Government Allocates $100M to Combat Gambling Harm
In a significant move to address gambling harm in New South Wales (NSW), the state government has pledged $100 million in funding for initiatives and services to reduce the industry’s harmful effects on communities. This commitment is a part of the first Minns Labor Government Budget, reflecting their long-term dedication to combating money laundering, implementing […]
Business
September 21, 2023
Second Quarter Gambling Revenue in Spain Soars by 55%
Spain represents an important gambling market on the Old Continent. Currently, the country offers online gambling, as well as sports betting, bingo and fantasy contests. Recently, the gambling regulator in Spain, the Directorate General for the Regulation of Gambling, released its most latest report, revealing details regarding the performance of licensed gambling operators for the […]
Business
September 20, 2023
Gambling Sector in Pennsylvania Posts Strong August Results
The gambling regulator in Pennsylvania, the Pennsylvania Gaming Control Board (PGCB), releases monthly reports revealing details regarding the performance of regulated gambling operators in the state. Such reports include insights regarding the total revenue generated from all forms of gambling, including slots, table games, online gambling, sports betting, video gaming terminals (VGTs) and fantasy contests. […]
Industry
September 19, 2023
New Jersey’s Operators Earned $531.6M in August
The New Jersey Division of Gaming Enforcement, the state’s gambling regulator, published information about the financial performance of licensed gambling operators in August. According to the report, the local gaming and betting industry has earned a total of $531.6 million for the month. In addition to exceeding August 2022’s results, the year-to-date total gaming revenue […]
Industry
September 15, 2023
US Commercial Gaming Revenue Soars in July
July proved another successful month for the US commercial gaming industry, reaching a record-breaking revenue of $5.39 billion, according to data compiled by the American Gaming Association (AGA). Despite the positive results, declining annual revenue growth rates in some verticals may signal a return to more normalized post-pandemic comparisons. Most States Recorded Sustained Growth AGA’s […]
Industry
September 14, 2023
Sweden Proposes Allocating More Money to Spelinspektionen Starting 2024
Sweden’s government has proposed an increase in the money allocated to the Spelinspektionen and Finansinspektionen for 2024. As the country seeks to strengthen the supervision of the gambling market, it proposed to allocate SEK 10.8 million (around $970,000) to the gambling authority’s 2024 budget. The government plans to further support the Spelinspektionen, providing it with […]
Business
September 11, 2023
ATO to Return $53M to Tabcorp Following Tax Dispute Resolution
Earlier today, Tabcorp, Australia’s largest gambling company, announced that it has reached a resolution to a tax dispute with the Australian Taxation Office (ATO). The resolution concerns income tax treatment of payments for various licenses and authorities. Tabcorp has already paid the disputed amount of tax liabilities and interest in full, the company announced. However, […]
