Financial
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...
Gambling Commission Money Laundering and Terrorist Financing Assessment 2023
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...
Gambling Industry Statistics Report on the Size and Shape of the Customer Facing Gambling Industry in Great Britain
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...
Dutch Gaming Authority Imposes Wwft Fine of 3 Million Euros on Betent
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...
Macau November Gross Gaming Revenue Hits MOP16.04 Billion
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...
Pagcor Wins Appeal; P38M Notices of Charge Lifted by Commission on Audit
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...
Lottomatica Has Announced a €500m Bond Placement to Finance the Previously Announced Acquisition of SKS365
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 ...
CIRSA Achieves €158 Million in Operating Profit in the 3Q 2023
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...
Brazil’s Economic Affairs Commission Has Approved a Reduced Tax Rate of 12% for Licensed Sports Betting Operators
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...
INTRALOT Announce Financial Results for the Nine-Month Period Ended September 30th, 2023
“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...
Secretary Calls on Gaming Operators to Increase Staff Salaries
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....
Industry Urges Chancellor to Reconsider the Continued Casino Stealth 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...
Senate Committee Approves Proposal to Tax the Online Sports Betting Market
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 ...
Target of MOP216 bln in Gaming Revenue Achievable Industry-Wide in 2024: Secretary
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...
4Q Mass GGR to Reach 2019 Level, 2024 Mass Volume to Rise 15 pct from Pre-Covid Figure: S&P
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...
The Massachusetts Gaming Commission Releases October 2023 Casino and Sports Wagering Revenue
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...
House Bill Aims to Address Concerns Regarding the Impact of Rental Fees on Charitable Gaming Payouts
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...
Philippine Gaming Industry Returns to Pre-Pandemic Levels
‘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) ...
Q3 2023 Commercial Gaming Revenue Reaches $16.17B, Marking Industry’s Highest-Grossing Third Quarter
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...