Financial
Bookmaker 888’s Shares Tumble as CEO Quits
U.K. (January 30, 2023) — The chief executive of 888 Holdings, Itai Pazner, will step down immediately, the British bookmaker said today, adding that it will suspend VIP activities in the Mid...
Lottery Agents Exempted from Paying TCS Tax Dues by Income Tax Department
Kerala, India (January 30, 2023) — The income tax department has decided to exempt lottery agents from the payment of Tax Collection at Source (TCS) dues for the period October 2020 to Marc...
Idaho Lottery Issues RFI for Package Delivery Services
BOISE, Idaho (January 26, 2023) – The Idaho Lottery has formally issued a Request for Information (RFI) seeking feedback from responsible, responsive, and experienced package delivery companies i...
Gambling Commission Gives Go-Ahead for Allwyn to Acquire Camelot
Lucerne, Switzerland (January 23, 2023) — “Allwyn welcomes the news that the Gambling Commission has cleared the company’s acquisition of Camelot UK Lotteries Limited from Ontario Teache...
Genius Sports Announces Completion of Exercise and Consent Solicitation Relating to Warrants
LONDON, U.K. (January 20, 2023) — Genius Sports Limited (NYSE: GENI) (“Genius” or the “Company”) announced today the successful completion of its previously announced offer to exercis...
Southern District of New York Dismisses Putative Class Action Against Online Sports Gaming Company for Failure to Allege Actionable Misrepresentations or Scienter
USA (January 18, 2023) — On January 10, 2023, Judge Paul Engelmayer of the United States District Court for the Southern District of New York dismissed with prejudice a putative class action ...
Macau 2023 Mass GGR to Recover to 60-70 Percent of 2019 Levels – S&P Global
MACAU, SAR (January 13, 2022) — S&P Global Ratings has updated its forecast for Macau’s mass gross gaming revenue, saying that the figure will return to 60 to 70 percent of the 2019 lev...
Ministry of Economy and Finance Changes Tax Rules for Commercial Gambling Business
Cambodia (January 9, 2023) — The Ministry of Economy and Finance (MEF) has started implementing the revenue-based taxation rules and procedures on commercial gambling businesses on the self-d...
Nederlandse Loterij Appoints Two New Supervisory Directors
Rijswijk (December 29, 2022) — As of January 1, 2023, Ada van der Veer and Steven Martina will join the Supervisory Board (RvC) of Nederlandse Loterij. The General Meeting of Shareholders o...
Junket Sector Contracts to 36, Down 85 Percent Compared to Heydays
MACAU, SAR (January 4, 2023) — Local media outlets report only 36 companies have registered with the city’s gaming regulator to run junket operations this year, a number down roughly 35 per...
The Swedish Gaming Authority’s Regulation Letter for the Budget Year 2023 Has Been Decided by the Government
Strängnäs, Sweden (January 3, 2023) — Every year the government decides on regulation letters for the authorities. The regulation letter states how the authority must work and how much mo...
Maryland Lottery Begins 50th Anniversary Celebration
Lottery players have won more than $31.5 billion in prizes since 1973 Baltimore, Maryland (January 3, 2023) — When the Maryland Lottery first opened its doors in 1973, leisure suits and bell bott...
Macau Casinos Seek Upturn after Worst Year Since 2004
COVID-19 HAVOC: China’s reopening and Macau’s decision to scrap quarantine for overseas arrivals are expected to accelerate a rebound in the gaming sector MACAU, SAR (January 2, 2023) — M...
Macao’s 2022 Gross Gaming Revenue Down By 51.4% Year-on-Year
December GGR down by 56.3 per cent year-on-year from MOP 7.8 billion to MOP 3.48 billion; city’s six gaming operators began new 10-year concessions yesterday. MACAO, SAR (January 2, 2023) —...
Transfer of OPAP’s Minority Stake in the Betano Business
Lucerne Switzerland (December 27, 2022) — Allwyn AG (“Allwyn”), further to its announcement dated 20 April 2022, announces that OPAP Investment Limited (“OPAP Investment”, a wholly ow...
International Game Technology PLC Announces Redemption of A Subsidiary’s 5.35% Notes Due 2023 In Full
LONDON, Dec. 22, 2022 /PRNewswire/ — International Game Technology PLC (NYSE: IGT) (“IGT”) today announced that International Game Technology (a Nevada corporation and direct whol...
