Financial
Greece’s “Forolotaria” Receipt Lottery Turns Black Money Into Tax Revenue
DÜSSELDORF, Germany (June 20, 2023) — Athens It’s almost that time again. In a few days , the virtual lottery wheel will be spinning in Greece . Then it is clear who will recei...
Kansas Gamblers Bet Nearly $200M on Sports in February
The State Made $1,100 in Tax Revenue Sportsbooks were able to write off $80 million in promotional credits KANSAS (June 20, 2023) — Gamblers in Kansas wagered more than $194 million in Februa...
NSW Treasurer Defers Tax Hikes for Casinos Citing….
Lack of Engagement by Previous Government – ABC SYDNEY, NSW (June 20, 2023) — Earlier on Tuesday, it was revealed a tax hike for Sydney’s casinos due to come into effect on July 1...
Gaming Control Board Reports Revenue increase of 7.05% in May Compared to Revenue Generated in May 2022
HARRISBURG, PA (June 20, 2023) — The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming along with fantasy contests du...
Allwyn International a.s. Report for the Period 3Q FY2023
Management’s discussion and analysis of financial condition and results of operations for the three months ended 31 March 2023 Lucerne, Switzerland (June 14, 2023) — The financial and oper...
The Economic Implications of Lotteries: A Micro and Macro Perspective
USA (June 8, 2023) — You’ve probably seen it before: the lure of a massive lottery jackpot promising a life of luxury and financial freedom. While the odds of winning are astronomically low...
Calls for Government to Scrap £50million Limit on Charity Lotteries
People’s Postcode Lottery warns good causes in Britain could miss out on £200million in just the next five year. People’s Postcode Lottery supports more than 70 major charities. Red ta...
19 Consumers Win NT$10 Million in Taiwan’s March-April Receipt Lottery
7-Eleven, FamilyMart, Hi-Life, and PX Mart announce 6 Special Prize winners, 5 Grand Prize recipients TAIPEI, Taiwan (June 6, 2023) — According to local media reports a total of 19 receipts conta...
MGA | Publication of Annual Report and Financial Statements for Year 2022
MALTA (June 2, 2023) — The Malta Gaming Authority (MGA/Authority) is publishing its Annual Report and audited Financial Statements for the financial year ending 31 December 2022. In additio...
The Gambling Review White Paper: Financial Risk Checks (AKA Affordability Checks) for Online Operators
United Kingdom (May 30, 2023) — One of the issues which prompted the most debate in the lead up to the White Paper has been the notion of ‘affordability checks’ for online operators i.e. ...
Arizona Lottery Surpasses $5 Billion in Transfers to Beneficiaries, with $57.6 Million in 3Q FY2023
PHOENIX, Arizona (May 31, 2023) — The Arizona Lottery announced today $57,578,402* in transfers to state-mandated beneficiaries for the third quarter of Fiscal Year (FY) 2023, surpassing $5 ...
AUSTRAC and Crown Agree to Proposed $450 Million Penalty
AUSTRALIA (May 30, 2023) — Crown Melbourne and Crown Perth (together Crown) and AUSTRAC have filed joint submissions with the Federal Court of Australia, proposing a $450 million penalty over...
Government Mulls Bringing Online Gaming Under GST- India
INDIA (May 29, 2023) Introduction According to the India Brand Equity Foundation[1], the Indian online gaming market is currently valued at USD 2.6 billion and is projected to reach USD 8.6 billion...
Real Luck Group Reports Jump in 1Q Revenue on Expanding Player Registrations and Betting Handle
Proactive Investors Australia (May 29, 2023) — Real Luck Group Ltd, along with its subsidiaries operating under the name Luckbox, has reported first-quarter 2023 revenue that is almost four ...
ANJ 2022 Report: A Record Year with Significant Disparities Depending on the Gaming Segments
A record year for operators under monopolies (FDJ and PMU) and casinos and gaming clubs PARIS, France (May 25, 2023) — With gross gaming revenue (GGR) reaching 8.2 billion euros, the gambling...
Gambling Companies with a Swedish License Had a Turnover of SEK 6.6 Billion During the First Quarter
Strängnäs, Sweden (May 29, 2023) — Gaming companies with a Swedish license had a total turnover of SEK 6.6 billion (players’ stakes minus paid winnings) during the first quarter of 2...
Watertown Father and Son Sentenced to Prison for Decade-Long Lottery and Tax Fraud Scheme
More than 40 Massachusetts lottery agent licenses are to be revoked or suspended BOSTON, MA (May 25, 2023) – A father and son were sentenced today in federal court in Boston for orchestrating an ...
Cirsa Obtains 151 Million euros of Operating Profit in the First Quarter of 2023
The recovery of the complete activity level in all markets where the company operates and the efficient execution of its strategy allowed improving operating profit by 27.9% compared to the first q...
Kindred Accelerating Sales Plans After Executive Departure – Finwire
FINLAND (May 25, 2023) — Betting company Kindred has accelerated its plans for a potential sale after several executive departures in recent weeks, sources told Bloomberg News. The company is...
Use of MitID in Connection with Customer Due Diligence
DENMARK (May 25, 2023) — The Danish Financial Supervisory Authority (FSA) has published guidance on the application of MitID (every resident’s personal key to digital services in Denmar...
Cryptoassets Should be Regulated as Gambling, Say MPs
(May 23, 2023) — Ether and other “unbacked” cryptoassets should be subject to gambling, not financial services, regulation, a prominent committee of UK MPs has said. In a new report on...
Lottery.com, Inc. Demonstrates Substantial Progress Towards Reporting Compliance
Filing of Financial Statements for FY2021 and First Quarter 2022 Completed AUSTIN, TX, USA, May 16, 2023/EINPresswire.com/ — Lottery.com, Inc. (NASDAQ: LTRY, LTRYW) (“Lottery.com”...
