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Business
October 17, 2023
NJ Gaming Revenue Soars in September Driven by Betting, iGaming
The gambling regulator in New Jersey, the Division of Gaming Enforcement (DGE), released its latest report, revealing insights regarding the performance of licensed gambling operators for the month of September. The new report, released Monday, reveals that the total gaming revenue reported by casinos, racetracks and their partners soared to $521.5 million last month. This […]
Industry
October 13, 2023
Kansas Sports Betting’s September Results Broke the March Record
Kansas is one of the latest states to launch legal sports betting, expanding the industry’s presence across the United States. A year later, the Sunflower State’s wagering industry continues to grow, as shown by the increased interest in the vertical. The continued growth of sports betting resulted in a monthly handle of $219.3 million in […]
Business
October 13, 2023
Sports Betting Handle in Indiana Grows in September
The gambling regulator in Indiana, the Indiana Gaming Commission, released its latest report, revealing details regarding the performance of sports betting operators for the month of September. The recent report reveals that the betting handle posted by regulated betting operators last month hit $404.1 million, marking a year-over-year increase. A comparison to the $382.5 million […]
Industry
October 11, 2023
Irish Betting Shops Can Rest Easy as Government Postpones Levy Increases
Ireland’s Minister of Finance, Michael McGrath, presented the country’s budget for the upcoming year, omitting any mention of the planned increase in the betting levy. The proposed change, an initiative first championed by the Labour Party, would see the tax rate rise from 2% to 3%, with the additional funds earmarked to support domestic sports […]
Business
October 11, 2023
Caesars Entertainment Shares Dip, but Maintains Its Potential
Caesars Entertainment, a leading player in the gaming industry, has seen a 14.37% decline in its shares over the past month, primarily due to recent cybersecurity challenges and concerns about economic headwinds. However, following meetings with Caesars executives at the Global Gaming Expo (G2E) in Las Vegas, Stifel analyst Steven Wieczynski published a report reiterating […]
Industry
October 10, 2023
NJ Online Casinos Remain the Biggest Gambling Tax Contributor
The rise of online gambling in New Jersey continues, as demonstrated by the recent revenue results. The vertical continues to be a major tax contributor and, according to a PlayNJ report, has surpassed the taxes produced by the nine Atlantic City casinos for the last three years. For example, data from the NJ Division of […]
Business
October 6, 2023
MGM Resorts Cybersecurity Issue to Impact Q3 2023 Earnings
MGM Resorts International has revealed that the recent cybersecurity incident, which caused widespread disruptions across its North American operations, will have significant repercussions beyond damage to its reputation. The attack caused chaos and confusion among clients, with an upcoming lawsuit already in the works. Data breaches further exacerbated the issue, giving the hackers access to […]
Business
October 6, 2023
News Corp Divests Stake in Betr, Says Report
The up-and-coming betting start-up, Betr, launched its services last October with a groundbreaking promotional campaign. At the time, the company sought to establish a strong presence in the regulated gambling sector in Australia, while at the same time engaging and retaining a large customer base rapidly. Several months after its launch, Betr was hit with […]
Business
October 5, 2023
NagaCorp’s Financial Confidence Rises with Improved VIP Gaming
Prominent Hong Kong-listed casino operator NagaCorp remained confident it would fulfill its financial commitments, particularly as it approaches the maturity date of its outstanding senior notes in July 2024. This optimism is underpinned by the company’s bolstered cash reserves, significantly enhanced due to the stellar performance of its flagship property, the Cambodian integrated resort NagaWorld. […]
Industry
October 3, 2023
Kansas Bettors Wagered $1.85B in the First Year of Sports Betting
Last year, Kansas launched its sports betting market, allowing operators to partner with local entities to set up shop in the state. A year later, the state reported that its betting industry had earned $7 million in state revenue. According to Matt Schwartz, Kansas Lottery’s finance director, Bettors have wagered a total of $1.85 billion […]
