Financial

Poole Researchers Reveal Tax Implications of Sports Betting in North Carolina

May 2, 2024 | Tax

Poole College’s Nathan Goldman and Christina Lewellen examine the implications of North Carolinians being unable to itemize their gambling losses and what that means for them as they bet on s...

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Betting Company Betsson Reports a Turnover Higher Than Expected in the First Quarter of 20224

April 29, 2024 | Financial

SWEDEN (April 26, 2024) — The betting company Betsson reports a turnover that was higher than expected in the first quarter of 20224. The stock surges 13%. The Ebitda result was clearly bette...

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May Golden Week GGR Likely to be Lower Than CNY Level: Morgan Stanley

April 29, 2024 | Reveue

MACAU, SAR (April 26, 2024) — Brokerage Morgan Stanley forecasts that gross gaming revenue (GGR) for the upcoming Labour Day Golden Week (GW) will reach MOP800-850 million per day, translatin...

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Svenska Spel’s Interim Report January – March 2024: A Quarter Marked by Change

April 24, 2024 | Financial

VISBY, Sweden (April 23, 2024) — The first quarter of the year is marked by a time of adjustment for Svenska Spel in order to lay the foundations for continued successful operations. Partly t...

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Kindred’s Journey Towards Zero: Q1 Revenue from High-Risk Player

April 22, 2024 | Reveue

STOCKHOLM (April 22, 2024) — The first quarter of 2024 saw a slight increase in revenue from high-risk players compared to the final quarter of 2023, with 3.2 per cent of Gross winnings reven...

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Norsk Tipping’s Annual Result Approved

April 19, 2024 | Reveue

NORWAY (April 18, 2024) — Norsk Tipping’s profit for 2023 ended at NOK 7,087 million. It is clear, after the general meeting approved the company’s accounts and annual report on ...

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Good First Quarter of 2024 for FDJ, in Line with the Group’s Projections

April 19, 2024 | Reveue

1st quarter turnover of 710 million euros, up +7% Revenue from gaming activities [1] in France of 645 million euros, up +3%, with a high basis of comparison in the 1st quarter of 2023 Good mo...

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Macao Generated 57.33 Billion Patacas in Gross Gaming Revenue for the 1Q of the year

April 17, 2024 | Reveue

MACAO, SAR (April 16, 2024) — Macao generated 57.33 billion patacas (US$7.1 billion) in gross gaming revenue (GGR) for the first quarter of the year, the Gaming Inspection and Coordination B...

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Dutch Government Makes Changes to Online VAT/OSS Filing Portal for Non-Dutch Entities

April 16, 2024 | Tax

Old portal is closing: switch to My Tax Authorities for Business Netherlands (April 12, 20024) — Non-Dutch entities may need to register for VAT or OSS purposes in the Netherlands without hav...

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Citigroup Expects the Macau Gaming Sector to See 1Q 2024 Reaching MOP 16.3 Billion

April 15, 2024 | Reveue

MACAU, SAR (April 12, 2024) — Citigroup expects the Macau gaming sector to see a mere 2 percent quarter-on-quarter growth in industry EBITDA (Earnings Before Interest, Taxes, Depreciation, an...

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PAGCOR Turns Over PHP4.59-B Cash Dividends to State Treasury

April 15, 2024 | Reveue

MANILA, Philippines (April 15, 2024) — The Philippine Amusement and Gaming Corporation (PAGCOR) today remitted a total of Php4.59 billion in cash dividends to the National Treasury to help fu...

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Supreme Court Stays Trial in Money Laundering Case Against Lottery Operator

April 15, 2024 | money-laundering

NEW DELHI, India (April 12, 2024) — The Supreme Court’s decision to stay the trial in the money laundering case against lottery operator Santiago Martin carries significant implications...

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Three Orders and One Reprimand Issued to Mr. Green Limited for Breach of the Anti-Money Laundering Act

April 14, 2024 | money-laundering

DENMARK, Odense C. (April 12, 2024) — On April 10th, 2024, the Danish Gambling Authority has issued three orders to Mr. Green Limited for breaching the Anti-Money Laundering Act, on risk ass...

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Bill To Increase Gambling Tax Rates In New Jersey Introduced

April 12, 2024 | Tax

A bill to increase gambling tax Rates in New Jersey has opened in Senate, as the state looks to implement a 30% tax rate for online betting. MALTA (April 11, 2024) — Specified as bill s3064, ...

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Bet365 to Pay £582,120 for Anti-Money Laundering and Social Responsibility Failures

April 7, 2024 | money-laundering

BIRMINGHAM, U.K. (April 4, 2024) — Bet365 is to pay £582,120 for anti-money laundering and social responsibility failures at its online business. Hillside (UK Gaming) ENC, which holds a lic...

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Veikkaus’ Digital Gaming Market Share Increased by 3 Percentage Points

April 3, 2024 | Financial

Helsinki, Finland (April 2, 2024) — Veikkaus had a successful year, especially in terms of digital gaming, and the result for 2023 was in line with the target. 180,000 new people registered ...

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Kambi Group plc Publishes 2023 Annual Report and Accounts

April 3, 2024 | Financial

MALTA (March 30, 2024) — Kambi Group plc, the world’s trusted sports betting partner, has today published its 2023 Annual Report and Accounts This can be downloaded from the company website...

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Bulgarian Betting Working with Tax and Security Authorities on Anti-Money Laundering Improvement

April 2, 2024 | money-laundering

BULGARIA (April 2, 2024) — Bulgarian authorities will engage in an anti-money laundering (AML) and counter-terrorist financing (CTF) initiative alongside the country’s betting industry, ded...

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Hoosier Lottery Promotes Positive Play for Financial Literacy Month

April 2, 2024 | Financial

The Hoosier Lottery is again participating in National Financial Literacy Month awareness efforts to emphasize the importance of planning and budgeting as key to keeping play positive. National Fin...

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Allwyn International FY 2023 Preliminary Unaudited Financial Results and Update on Current Trading

March 28, 2024 | Financial

Lucerne, Switzerland March 27, 2024 — Allwyn International a.s. (“Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or “w...

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P81 Billion in Revenues Expected from Government Casinos This Year

March 25, 2024 | Reveue

MANILA (March 25, 2024) — The Philippine Amusement and Gaming Corp. (Pagcor) expects an increase in revenue from government-run casinos this year despite ongoing privatization initiatives. Lo...

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Government Mandate: Actions to Counter the Use of Gambling Accounts for Criminal Activity

March 24, 2024 | money-laundering

Strängnäs, Sweden (March 22, 2024) — In government task Fi2023/03186, the Swedish Gambling Inspectorate must analyze and describe the risks of gambling accounts being used for money launder...

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Casinos Austria and Austrian Lotteries Group Secures 4.5 Per Cent Revenue Increase Compared to 2022

March 24, 2024 | Reveue

AUSTRIA – March 22, 2024 — Casinos Austria and the Austrian Lotteries Group generated consolidated gross gaming revenue of €1.48bn in 2023, marking an increase of 4.5 per cent compare...

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ZEAL Achieves Double-Digit Growth in 2023 and Raises Earnings to a Five-Year High

March 21, 2024 | Reveue

Core business and customer base expanded, market share increased Billings and revenue increase by 11% and 10% respectively in 2023 compared to the previous year New online games business successful...

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