Financial

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...

Read More

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...

Read More

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...

Read More

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 ...

Read More

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),...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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 ...

Read More

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...

Read More

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...

Read More

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...

Read More

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....

Read More

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...

Read More

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 ...

Read More

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...

Read More

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...

Read More

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...

Read More

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...

Read More

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) ...

Read More

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...

Read More