Financial
ATG’S Consultation Response Regarding the Proposal for Increased Gambling Tax
Sweden plans to increase the tax rate for operators from 18% to 22% of their GGR SWEDEN (January 2024) — The government’s proposed tax increase on gambling will have negative consequenc...
Government Gaming Corp. to Reduce Its Share in Online Casino Revenues
MANILA, Philippines (January 22, 2024) — According to local media reports gaming regulator Philippine Amusement and Gaming Corp. (Pagcor) is slashing its share in the revenues of online casin...
Mass Casino Revenue to Reach 120% of 2019 Level by Year-End: Morgan Stanley
MACAU, SAR (January 19, 2024) — Macau’s casino revenue from the mass market has the potential to reach 120 percent of the 2019 level by the end of 2024, a recent forecast by Morgan Stanley ...
PA Gaming Control Board Reports A Nearly 12.5% Revenue Increase in December 2023 Compared to December 2022
HARRISBURG, PA: The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gaming, along with fantasy contests, during December 2023 w...
Betting And Gaming Council Urges Government to Honour Commitments on Financial Risk Checks
LONDON, U.K. (January 16, 2024) — Standards body, the Betting and Gaming Council, today urged Government to honour its commitments on frictionless financial risk checks, following the announc...
Input is Wanted for the Money Laundering Secretariat’s Indicators for Money Laundering and Terrorist Financing
Odense C, Denmark, (January 8, 2024) — The Danish Gambling Authority calls on the gambling industry to provide input to the Money Laundering Secretariat’s indicators for money launderin...
Kerala Governor Gives His Assent to an Ordinance Amending the State Goods and Services Tax (GST) Law with Regard to Gambling
KERALA, India (January 6, 2024) — According to local media reports Kerala Governor Arif Mohammed Khan on Friday gave his assent to an ordinance amending the state Goods and Services Tax (GST...
Spending on Betting at Physical Retailers Decreased in November 2023
Odense C. Denmark (January 4, 2024) — From 1 October 2023, it became mandatory for players to identify themselves using a so-called Player ID when placing bets with physical retailers in Den...
Macau GGR Expected to Reach MOP 17.5 Billion in January
MACAU, SAR (January 4, 2024) — Macau’s gross gaming revenue (GGR) for January 2024 is expected to reach MOP 17.5 billion (US$2.2 billion), representing a recovery to 70 per cent of the 2019...
De Kansspelautoriteitt Publishes Third Version of Wwft Guidelines
THE HAGUE, NL (December 20, 2023) — De Kansspelautoriteitt (Ksa) (The Dutch Gaming Authority) has adjusted its Wwft guidelines. The last changes to the guidelines dated from the entry int...
The Massachusetts Gaming Commission Releases November 2023 Casino and Sports Wagering Revenue
BOSTON, Massachusetts (December 15, 2023) — The Massachusetts Gaming Commission reported today that the month of November 2023 at Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encor...
Analysts Forecast Suggests a Positive Trajectory in Macau’s Gaming Industry for December
MACAU, SAR (December 18, 2023) — Analysts at J.P. Morgan Securities (Asia Pacific) forecast Gross gaming revenue (GGR) for the first 17 days of December could have reached MOP9 billion (US$1....
Macau December Casino Revenue to Hit MOP17 bln – JP Morgan
MACAU, SAR (December 11, 2023) — Gross gaming revenue for the first 10 days of December is estimated at MOP5.2 billion (US$650 million), according to J.P. Morgan Securities (Asia Pacific). Th...
AUSTRAC Announces Its 2024 Regulatory Priorities
BARTON, ACT (December 13, 2023) — AUSTRAC has announced its regulatory priorities for the year ahead, detailing how we plan to bolster the financial system’s resilience to money laundering...
Allwyn International Q3 2023 Condensed Consolidated Interim Financial Statements and MD&A
Report for the period ended 30 September 2023 Management’s discussion and analysis of financial condition and results of operations for the three months ended 30 September 2023 (December 13, 2...
Macau 2024 Casino Revenue to Make Up Nearly 80 Percent of 2019 Level – Rating Agency
MACAU, SAR (December 8, 2023) — Macau’s 2024 casino revenue has the potential to reach 79 per cent of the 2019 level in spite of lingering concerns over the economic headwinds the country i...
Fitch Ratings’: Neutral Outlook for Global Gaming in 2024
Global Gaming Outlook 2024 New York (December 6, 2023) — Fitch Ratings’ neutral outlook for global gaming in 2024 reflects a slight pullback from the pent-up demand seen in the U.S., especi...
Assembly Passes Amendment Bill to Bring Online Gaming, Betting in the Highest GST Bracket of 28 Percent
Online gaming is not a ‘game of skills’ but a ‘game of chance’ Maharashtra, India (December 8, 2023) — An amendment bill to bring online gaming, betting, casinos, hors...
Online Gaming Industry Association Rejects the Government’s Proposal to Raise the Gambling Tax
SWEDEN (December 8, 2023) — The Branschföreningen för Onlinespel (BOS) (online gambling industry association) today submits its advisory statement to the Ministry of Finance on the memorand...
Allwyn International Q3 2023 Preliminary Unaudited Results and Update on Current Trading
Lucerne, Switzerland (December 5, 2023) — Allwyn International a.s. (“Allwyn” or the “Company”, and, together with its subsidiaries, joint ventures and associates, the “Group” or ...
Uttar Pradesh Passes Bill Implementing 28% GST for Online Gaming, Casinos and Horse Racing
Lucknow, Uttar Pradesh (December 1, 2023) — Uttar Pradesh (UP) state assembly on Wednesday, November 29 passed the bill imposing 28% GST on full face value for online gaming (real money),...
Macau Likely to Achieve MOP182 Bln in Gross Gaming Revenue in 2023 – Citi
MACAU, SAR (December 4, 2023) — Macau is on course to end the year of 2023 with a gross gaming revenue of MOP182 billion (US$22.57 billion), a level that is about 62 per cent compared to 2019...