Financial
OKTO.CASH Expands in Spain, Germany, Croatia and Greece
VIENNA, Austria (November 9, 2023) — OKTO is expanding its real-time cash-to-digital payment service into Spain, Germany, Greece, and Croatia, marking a significant milestone in its mission...
Bihar State Government Tables Bill in Assembly to Replace Ordinance on 28% GST on e-Gaming
INDIA (November 8, 2023) — The Government of Bihar, on Monday tabled an amendment bill in the assembly to replace an ordinance to facilitate the imposition of 28 per cent GST on online gaming...
NeoGames Announces Third Quarter 2023 Results
Third Quarter Revenues and Share of NPI Revenues Interest total $63.3 million Third Quarter Net Loss of $3.6 million and Adjusted Net Income, after taking effect of the amortization of Aspire intan...
Georgia PM Announced Some Significant Changes to the Taxation and Regulation of the Gambling Industry
GEORGIA (November 7, 2023) — According to local media outlets the Prime Minister of Georgia, Irakli Garibashvili, has announced some significant changes to the taxation and regulation of the ...
Macau’s 2023 Casino Revenue Likely to Hit MOP183 bln: Deutsche Bank
MACAU, SAR (November 3, 2023) — Macau’s gross gaming revenue for 2023 is likely to hit US$22.81 billion (MOP182.86 billion), according to Deutsche Bank’s latest estimate. The Macau News ...
Singapore Pools Report the Total Amount Spent on Betting was up 12% Compared to the Same Period last Year
SINGAPORE (November 3, 2023)– The Singapore Pools (Pte) Ltd Tote Board’s annual report for the financial year ended March 2023 reveals some interesting trends in betting and gambling activi...
PAGCOR Hikes Nation-Building to PHP56-B in 2024
MANILA, Philippines (November 2, 2023) — State gaming regulator Philippine Amusement and Gaming Corporation (PAGCOR) has allotted Php56.2 billion for nation-building initiatives in 2024, high...
Videoslots Ltd Receives a Warning and Penalty fee of SEK 9 million for Breaching Money Laundering Act
Strängnäs, Sweden (November 1, 2023) — During the fall of 2021, the Swedish Gaming Authority began supervising Videoslots Ltd’s work regarding money laundering and how they ensure suf...
Macau Government Estimates 2024 to End with MOP216 bln in GGR
MACAU, SAR (November 1, 2023) — According to a local media report the Macau Government predicts that the local casino sector will be able to generate a total of MOP216 billion (US$26.8 billio...
Macau: October Sets New Post-Covid Casino Revenue Record at MOP19.5 Bln
MACAU, SAR (November 1, 2023) — Gross gaming revenue (GGR) for October reached MOP19.5 billion (US$2.42 billion), delivering a new post-Covid record that accounts for over 73 per cent of the ...
International Game Technology Reports Third Quarter 2023 Results
Generated revenue of $1.06 billion, consistent with the prior year; up 6% net of Italy commercial services sale, driven by strong key performance indicators across business segments Operating incom...
The Massachusetts Gaming Commission Releases September 2023 Casino and Sports Wagering Revenue
BOSTON, MA (October 2023) — The Massachusetts Gaming Commission reported today that the month of September 2023 at Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Harbor...
Macau: October GGR Set to Achieve New Post-Pandemic Record: JP Morgan
MACAU, SAR (October 25, 2023) — Gross gaming revenue for the first 23 days of October is projected to reach MOP14.6 billion (US$1.8 billion), as estimated by J.P. Morgan Securities (Asia Paci...
Macau GGR Dragged Down by Typhoon and Seasonality: Citigroup
MACAU, SAR (October 18, 2023) — Macau’s daily gross gaming revenue (GGR) experienced a significant downturn last week, indicating the impact of Typhoon Koinu and the seasonal slowdown after...
Tabcorp Announce 1Q24 Trading Update
SYDNEY, Australia (October 12, 2023) — Tabcorp Holdings Limited (Tabcorp) (ASX:TAH) today provided a trading update for the period 1 July 2023 to 30 September 2023 (1Q24)1: Group Reven...
Macau Q3 Casino Revenue at Nearly 70 Percent of Pre-COVID Levels – J.P. Morgan
MACAU, SAR (October 11, 2023) — Gross gaming revenue in Macau has grown 7 per cent quarter on quarter to reach nearly 70 per cent of pre-COVID levels in the third quarter of 2023, with the ma...
Romanian Government Reveals Its Agenda for Betting and Gambling Industry
Stricter admission requirements, more taxes, less advertising space Bucharest, Romania (October 6, 2023) – According to local media outlets hard times are approaching for betting offices, cas...
Macau’s Golden Week’s Gross Gaming Revenue (GGR) is Estimated at MOP830 Million: J.P. Morgan
MACAU, SAR (October 9, 2023) — Macau’s daily average gross gaming revenue (GGR) for the first eight days of October is estimated at MOP830 million (US$103 million), surpassing all previous ...
Gaming Industry Delivers $329 Billion Annual Economic Impact to U.S. Economy, New AGA Study Finds
Impact Driven by All-Time Consumer Demand, Tax Contributions WASHINGTON, DC (October 9, 2023) – The American Gaming Association (AGA) today released a new study quantifying the expansive annual i...
GST Council Affirms 28% Tax on Online Betting from October 1
Delhi, Goa worried about impact on gaming, casino industries respectively; Council to work out “perspective plan” for surcharges on top of GST, and their use after compensation cess is phased o...
Macau’s Mass Gaming Market Likely to Improve Steadily – Deutsche Bank
MACAU, SAR (October 6, 2023) — Macau’s mass-market gross gaming revenue (GGR) has now recovered to a level slightly below that of 2019, while VIP segment GGR has surged to 35 per cent of pr...
AGEM Index Decreased by 51.38 Points to 1,055.70 in September
(October 6, 2023) — The Association of Gaming Equipment Manufacturers (AGEM) works to advance the interests of gaming equipment manufacturers around the world. Every month it publishes an u...
Colorado Lottery Conservation Month Celebrates 40 Years and $4 Billion Back to the State in Proceeds Benefiting Colorado’s Outdoors
Pueblo, CO (October 4, 2023) — Gov. Jared Polis has proclaimed October 2023 Colorado Lottery Conservation Month to celebrate the Lottery’s impact on conservation, stewardship, protection, a...
Loto-Québec Presents Very Good Results 1Q Fiscal Year 2023-2024
Montreal, September 20, 2023 – For the period from April 1 to June 26, 2023, Loto-Québec’s activities generated total revenues of $711.2 million and consolidated net income of $380.9 ...