Financial
American Gaming Association – 2023 Second Quarter Commercial Gaming Revenue Tracker
Quarterly Gaming Revenue Again Surpasses $16 Billion WASHINGTON, DC (August 16, 2023) — Following an exceptional Q1 which saw more than 16 percent annual growth in gaming revenues, U...
Commercial Gaming Revenue Surpasses $16B in Q2 2023 with 10th Consecutive Quarter of Growth
Industry Generates More Than $7B in Gaming Tax Revenue through H1 2023 Washington, D.C. – U.S. commercial gaming continued its long run of consecutive quarterly revenue growth in the second quart...
Chief Executive Says Macau Will Likely Keep Running a Deficit into 2024
MACAU, SAR (August 14, 2023) — Macau will likely keep running a deficit into 2024, Chief Executive Ho Iat Seng said during a Q&A session at the Legislative Assembly last Friday. The terri...
Record-Setting Mega Millions Jackpot Brings Millions in Benefits to New York
New York’s Lottery sales while jackpot grew generated millions of dollars in aid to education and commissions for New York retailers The record-setting $1.602 billion Mega Millions jackpot proved...
Developments in the Regulation of Crypto Assets – If Not The Financial Conduct Authority Then Who?
DAC Beachcroft LLP (August 11, 2023) — A recent report from the House of Commons Treasury Committee, ‘Regulating Crypto’, highlights ongoing concerns about the lack of regulatio...
NSW Government Overhauls Tax Regime for Star Casino
SYDNEY, NSW, Australia (August 11, 2023) — The Minns Labor Government will overhaul the former government’s changes to casino taxes to prevent The Star Sydney turning into an unviable opera...
ESPN Reaches $1.5 Billion Sports Betting Agreement with PENN
The agreement means PENN Entertainment has divested from Barstool Sports, giving the company back to founder David Portnoy. Helena, Montana (August 9, 2023) — According to media reports PENN ...
Cabinet Okays Bill to Bring Clarity on 28% GST Rate for Online Gaming, Casinos, Horse Racing
Path cleared for introduction of bill in current session of Parliament New Delhi, India (August 9, 2023) — According to a local media outlet the Union Cabinet on Wednesday cleared a bill to a...
Macau Casino Revenue at MOP533 Million Per Day at Beginning of August – JP Morgan
MACAU, SAR (August 8, 2023) — Investment bank JP Morgan has estimated gross gaming revenue for the first six days of August at MOP3.2 billion (US$400 million), or MOP533 million per day, with...
Gaming Companies Will Need to Put in Place Interim Measures Until the Courts Reach a Decision on the Tax Rates and Value
INDIA (July 25, 2023) — It appears that the online gaming sector will certainly go through a disruption and the gaming platforms will have to modify their business models and look at avenues ...
Victorians Lose $3.022 Billion on Poker Machines in FY2022-23
Victoria, Australia (July 28, 2023) — On 28 July 2023, the Victorian Gambling and Casino Control Commission released figures on poker machine expenditure for the 2022-23 financial year. In to...
Macau August GGR Expected to Hit New Post-Covid Record at MOP17 Billion
MACAU, SAR (August 3, 2023) — Brokerage Citigroup Inc. has estimated gross gaming revenue (GGR) for August at MOP17 billion (US$2.12 billion), with the expected figure to surpass the post-Cov...
Ohio Lottery Transfers Record $1.46 Billion Profit to Lottery Profits Education Fund
CLEVELAND, Ohio (August 3, 2023) – The Ohio Lottery finished the fiscal year breaking records in multiple categories including a record $1.46 billion transfer to the Lottery Profits Education Fun...
Sizeable Trade of Lottery Corp Stock Changed Hands Today
SYDNEY, Australia (August 2, 2023) — Street Talk reports it spotted a sizeable trade of Lottery Corp stock on Wednesday morning with around 0.6 per cent of the company changing hands. Multipl...
International Game Technology Plc Reports Second Quarter 2023 Results
Delivered strong Q2’23 financial performance with revenue and operating income margin meeting high end of outlook range Revenue of $1.06 billion increased 3% as reported, 11% net of Italy com...
GST Council may Propose Block on Gaming Services that Flout Tax Laws
New Delhi, India (July 31, 20023) — On Wednesday, the Council will consider necessary changes in laws to enforce its July 11 decisions, The HindustanTimes reported the second official said. T...
Government Gaming Corporation Net Income Jumps 37 Percent in H1, 2023
MANILA, Philippines (July 28, 2023) — Government entity Philippine Amusement and Gaming Corp (PAGCOR) announced a net income of PHP2.97 billion (US$54.4 million) in the first half of 2023, ac...
Star Workers Raise the Stakes in Fight Over Casino Tax
AUSTRALIA (July 28, 2023) — Star casino workers worried a proposed lift in taxes on the troubled Sydney gambling venue could cost jobs have taken their fight to the office of NSW Treasurer Da...
Georgia Lottery Annual Profits for HOPE, Pre-K Top $1.51B
ATLANTA (July 27, 2023) – The Georgia Lottery Corp. today announced it raised $1,516,383,000 for education in fiscal year 2023, bringing the total transferred to the State Treasury’s Lottery fo...
Broker Says Offshore Jackpots Pose Risk to Lottery Corporation
SYDNEY, Australia (July 24, 2023) — According to a local media report viewers watching a game of rugby or their favourite NRL team stand a good chance of seeing an advertisement promoting US ...
Tax Revenue from Philippine Offshore Gaming Operators Surges by 127% to Reach P8.9 Billion in 2022
MANILA, Philippines (July 24, 2023) — The government’s tax intake from Philippine offshore gaming corporations (Pogos) ballooned by 127 percent to P8.88 billion last year from P3.91 billion...
Zimpler is Appealing Against the Decision of the Swedish Gambling Authority
SWEDEN (July 21, 2023) — Zimpler, which offers tailor-made solutions for flexible and secure account-to-account payments, received a decision from the Gambling Authority on July 6 to stop pro...
Pagcor Revenues Surge, Share to Nation-Building Up by 48.50%
According to local media reports the Philippine Amusement and Gaming Corp. (Pagcor) continued to surpass its revenue achievements after it recorded P36.21 billion in total income in the first half ...
