Financial

Uttar Pradesh Passes Bill Implementing 28% GST for Online Gaming, Casinos and Horse Racing

December 5, 2023 | Tax

 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),...

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Macau Likely to Achieve MOP182 Bln in Gross Gaming Revenue in 2023 – Citi

December 5, 2023 | Reveue

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...

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Gambling Commission Money Laundering and Terrorist Financing Assessment 2023

December 5, 2023 | money-laundering

Gambling Commission risk assessment 2023 published BIRMINGHAM, U.K. (December 1, 2023) — The Gambling Commission (the Commission) has released its updated version of its risk assessment of mo...

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Gambling Industry Statistics Report on the Size and Shape of the Customer Facing Gambling Industry in Great Britain

December 3, 2023 | Financial

BIRMINGHAM, U.K. (November 30, 2023) — This report provides an overview of Gross Gambling Yield (GGY) made by licensed gambling operators from GB gambling customers for each customer-facing s...

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Dutch Gaming Authority Imposes Wwft Fine of 3 Million Euros on Betent

December 3, 2023 | money-laundering

THE HAGUE, Netherlands (November 30, 2023) — The Dutch Gaming Authority (Ksa) has imposed a fine of 3 million euros on Betent. Betent is being fined because it has violated the Money Launderi...

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Macau November Gross Gaming Revenue Hits MOP16.04 Billion

December 3, 2023 | Reveue

MACAU, SAR (December 1, 2023) — Macau’s gaming revenue for November receded to MOP16.04 billion (US$2 billion), a level similar to July and up 435 per cent compared to the same period of th...

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Pagcor Wins Appeal; P38M Notices of Charge Lifted by Commission on Audit

December 1, 2023 | Tax

MANILA, Philippines (November 30, 2023) — THE Philippine Amusement and Gaming Corporation (Pagcor) has won its appeal to the Commission on Audit for the lifting of notices of charge (NCs) for...

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Lottomatica Has Announced a €500m Bond Placement to Finance the Previously Announced Acquisition of SKS365

November 30, 2023 | Financial

ITALY (November 29, 2023) — November 2, 2023, the Italian gaming giant announced an agreement to acquire 100% of Malta-based SKS365 for an enterprise value of €639m. To raise funds for the ...

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CIRSA Achieves €158 Million in Operating Profit in the 3Q 2023

November 28, 2023 | Financial

SPAIN (November 22, 2023) — Cirsa, a leading multinational in Gaming and leisure and the first company in the sector in Spain, registered operating income of 493 million euros and an operatin...

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Brazil’s Economic Affairs Commission Has Approved a Reduced Tax Rate of 12% for Licensed Sports Betting Operators

November 27, 2023 | Tax

Bill 3,626/23 and the Developments Related to Sports Betting in Brazil BRAZIL (November 24, 2023) — The Economic Affairs Commission (CAE) has approved a reduced tax rate of 12% for licensed o...

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INTRALOT Announce Financial Results for the Nine-Month Period Ended September 30th, 2023

November 25, 2023 | Financial

“INTRALOT announces Earnings €9m with 15% EBITDA growth at €101m and operating cash flow growth 44% at €97.6m y-o-y in 9M23” ATHENS, Greece (November 24, 2023) — INTRALOT SA (RIC: I...

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Secretary Calls on Gaming Operators to Increase Staff Salaries

November 24, 2023 | Financial

MACAU, SAR (November 23, 2023) — The Secretary for Economy and Finance, Lei Wai Nong, stated that the government has encouraged gaming operators to raise the salary levels of their employees....

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Industry Urges Chancellor to Reconsider the Continued Casino Stealth Tax

November 24, 2023 | Tax

LONDON, U.K. (November 23, 2023) — The Betting and Gaming Council has urged the Chancellor to rethink a stealth tax on land-based casinos, confirmed in the Autumn Statement. Under measures an...

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Senate Committee Approves Proposal to Tax the Online Sports Betting Market

November 24, 2023 | Tax

The rapporteur proposes a 12% tax for companies, and 15% on prizes obtained by bettors. Brasília (November 22, 2023) — According to local media reports The Senate ‘s Economic Affairs ...

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Target of MOP216 bln in Gaming Revenue Achievable Industry-Wide in 2024: Secretary

November 24, 2023 | Economy

MACAU, SAR (November 22, 2023) — Secretary for Economy and Finance Lei Wai Nong has presented an optimistic outlook for the gaming sector in the near future, expressing confidence in achievin...

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4Q Mass GGR to Reach 2019 Level, 2024 Mass Volume to Rise 15 pct from Pre-Covid Figure: S&P

November 23, 2023 | Reveue

MACAU, SAR (November 21, 2023) — S&P Global Ratings has forecasted that Macau’s mass gross gaming revenue (GGR) will in the fourth quarter reach the same level recorded in 2019, while 2...

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The Massachusetts Gaming Commission Releases October 2023 Casino and Sports Wagering Revenue

November 21, 2023 | Reveue

BOSTON, MA (November 15, 2023) — The Massachusetts Gaming Commission reported today that the month of October 2023 at Plainridge Park Casino (PPC), MGM Springfield (MGM) and Encore Boston Har...

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House Bill Aims to Address Concerns Regarding the Impact of Rental Fees on Charitable Gaming Payouts

November 20, 2023 | Financial

Concord, New Hampshire (November 20, 2023) — A proposed House Bill aims to address concerns regarding the impact of rental fees on charitable gaming payouts. The current situation allows casi...

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Philippine Gaming Industry Returns to Pre-Pandemic Levels

November 20, 2023 | Reveue

‘Our gross gaming revenues have returned to near the levels of 2019 which was the year PAGCOR achieved its all-time high for Philippine GGR levels.’ MANILA, Philippines (November 18, 2023) ...

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Q3 2023 Commercial Gaming Revenue Reaches $16.17B, Marking Industry’s Highest-Grossing Third Quarter

November 19, 2023 | Reveue

Year-Over-Year Revenue Up Across All Verticals, Pace of Annual Growth Slows Washington, D.C. (November 16, 2023) – Q3 2023 marked the U.S. commercial gaming industry’s best third quarter on r...

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Gaming Control Board Reports 7.3% Revenue Increase In October

November 18, 2023 | Reveue

Sports Wagering handle tops $800 million for first time HARRISBURG, PA:  The Pennsylvania Gaming Control Board (PGCB) reported today that the combined total revenue generated from all forms of gam...

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Gaming Taxes Exceeded NT$45.7 Billion from January to September

November 18, 2023 | Tax

The annual gambling tax target has been reached by 90% MACAU, SAR (October 17, 2023) — According to the central accounts released by the Finance Bureau, the SAR government’s public fiscal r...

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Macau’s Q3 Gaming Sector Property EBITDA Margins Surpass 2019 Level – Deutsche Bank

November 17, 2023 | Financial Subscriber Only

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MOP16 Billion in Casino Revenue for November Possible: JP Morgan

November 12, 2023 | Reveue

MACAU, SAR (November 9, 2023) — Macau’s gross gaming revenue (GGR) has reached an estimated MOP2.8 billion (US$350 million), equivalent to MOP560 million per day, in the first five days of ...

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