Financial

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

December 19, 2023 | Reveue

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...

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Analysts Forecast Suggests a Positive Trajectory in Macau’s Gaming Industry for December

December 19, 2023 | Reveue

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....

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Macau December Casino Revenue to Hit MOP17 bln – JP Morgan

December 15, 2023 | Reveue

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...

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AUSTRAC Announces Its 2024 Regulatory Priorities

December 14, 2023 | money-laundering

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...

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Allwyn International Q3 2023 Condensed Consolidated Interim Financial Statements and MD&A

December 14, 2023 | Financial

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...

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Macau 2024 Casino Revenue to Make Up Nearly 80 Percent of 2019 Level – Rating Agency

December 11, 2023 | Reveue

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...

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Fitch Ratings’: Neutral Outlook for Global Gaming in 2024

December 11, 2023 | Financial

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...

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Assembly Passes Amendment Bill to Bring Online Gaming, Betting in the Highest GST Bracket of 28 Percent

December 10, 2023 | Tax

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...

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Online Gaming Industry Association Rejects the Government’s Proposal to Raise the Gambling Tax

December 10, 2023 | 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...

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Allwyn International Q3 2023 Preliminary Unaudited Results and Update on Current Trading

December 6, 2023 | Financial

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 ...

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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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