Financial
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”...
Revenue Authority Targets Record Sh16bn in Betting Taxes from Betting, Gaming and Lottery Businesses
KENYA (May 23, 2023) — According to local media reports the Revenue Authority is looking to collect a record Sh16 billion in excise taxes from betting, gaming and lottery businesses in the ne...
Betting Giant Tabcorp Emerges as Key Player in Melbourne Cup Broadcast Rights Negotiations
AUSTRALIA (May 19, 2023) — Tabcorp is vying to secure the broadcast rights to the renowned Melbourne Cup Carnival, in a deal that could be valued at around $100 million over a span of five ye...
Oregon Lottery Earns Top Bond Ratings
OREGON (May 18, 2023) — Three nationally accredited agencies awarded Oregon Lottery its top bond ratings, making Lottery-backed bonds among the best in the country. Moody’s affirmed an ...
Government-Owned Corporation PAGCOR Remits P1.95 Billion to Treasury
MANILA, Philippines (May 16, 2023) — According to local media reports the Philippine Amusement and Gaming Corp. (PAGCOR) said it has remitted a P1.95 billion cash dividend to the National Tre...
2023 Casino Revenue to Beat MOP130 Billion Forecast – Macau Economic Association
MACAU, SAR (May 17, 2023) — Macau’s gross gaming revenue for the year 2023 is expected to surpass the government’s estimated figure of MOP130 billion, according to the Macau Economic Asso...
Q1 2023 Commercial Gaming Revenue Sets New Quarterly High, Topping $16B
AGA State of the States Report Shows Record $13.48 Billion in 2022 Commercial Industry Tax Contributions Washington, D.C. (May 16, 2023) – U.S. commercial gaming revenue reached a quarterly recor...
The Ontario Gaming Commission Has Proposed a Ban on High-Profile Influencers
ONTARIO (May 14, 2023) — As Ontario’s gambling regulator ponders a ban on celebrities like Leaf’s star Auston Matthews in internet gaming ads, the Canadian Mental Health Association ...
NeoGames Enters into Definitive Agreement to be Acquired by Aristocrat for $29.50 per Share in Cash
Transaction Values the Company at $1.2 billion The purchase price is approximately a 104% premium to the Company’s 3-month volume-weighted average stock price LUXEMBOURG, May 14, 2023 (GLOBE NEWS...
Karnataka High Court Rules Online Games of Skill Are Not Taxable as ‘Betting and Gambling’ Under GST Act
Karnataka, India (May 14, 2023) — According to local media reports the High Court of Karnataka has ruled that online/electronic/digital games of rummy and other online/electronic/digital gam...
Sports Minister Calls for 1 Percent Betting Tax Rise to Fund Large-Scale Investment in Sports
The link between the betting tax and state support for the horse racing and greyhound industries is under scrutiny DUBLIN, Ireland (May 14, 2023) — Sports Minister Catherine Martin last year ...
