Financial
Svenska Spel Report 2023: Sustainable Gambling Continues to Increase – Board Intends to Propose a Dividend of SEK 1.9 Billion
VISBY, Sweden (February 7, 2024) — Svenska Spel’s focus on sustainable gaming continues to have an effect during the fourth quarter with an increase in the share of healthy revenues and...
PAGCOR 2023 Revenues Up 35% to PHP79.4 Billion
PHILIPPINES (February 5, 2024) — The Philippine Amusement and Gaming Corporation (PAGCOR) today said it booked Php79.37 billion in revenues in 2023, up 34.63% from last year’s Php58.96 bil...
A Queensland Audit Office Report Has Revealed Queensland Gamblers Spent $56.4 Billion in the 2022-23 Financial Year
The Queensland Government Made $1.9 Billion in Gambling Taxes Last Year BRISBANE, Qld., (February 7, 2024) — A Queensland Audit Office report tabled in state parliament outlines a concerning...
Govt. to Collect Rs 14,000 Crore in GST from Online Gambling Companies Next Financial Year
The government had defended the move, citing concerns about addiction. The Revenue Secretary said the industry has stabilised, but it is early to make conclusive remarks.| NEW DELHI, India (Februar...
Commencing in April 2024 Peru Will Introduce a 12% Tax on Online Betting
LIMA, Peru (February 2, 2024) — According to local media reports the publication of the new regulations of Law No. 31557 , in turn modified by Law No. 31806 , will be implemented soon. One...
India Aims to Collect $1.7 Billion from Online Gambling Tax in FY25
INDIA (February 4, 2024) — According to local media outlets the Central Government is aiming to collect as much as $1.7 billion in tax from online gambling platforms in the upcoming fiscal ye...
Macau Gets Off to a Good Start with MOP19.34 Billion in GGR
MACAU, SAR (February 1, 2024) — Macau beat analysts’ gross gaming revenue forecasts to achieve MOP19.337 billion (US$2.35 billion) in GGR last month, the latest information from the city’...
Macau January Casino Revenue Set to Reach MOP17.5 billion: JP Morgan
MACAU, SAR (January 22, 2024) — Macau has generated about MOP13 billion (US$1.62 billion) in gross gaming revenue (GGR) in the first 21 days of January, with a run-rate of MOP619 million per ...
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...
