Financial
Macau’s Golden Week’s Gross Gaming Revenue (GGR) is Estimated at MOP830 Million: J.P. Morgan
MACAU, SAR (October 9, 2023) — Macau’s daily average gross gaming revenue (GGR) for the first eight days of October is estimated at MOP830 million (US$103 million), surpassing all previous ...
Gaming Industry Delivers $329 Billion Annual Economic Impact to U.S. Economy, New AGA Study Finds
Impact Driven by All-Time Consumer Demand, Tax Contributions WASHINGTON, DC (October 9, 2023) – The American Gaming Association (AGA) today released a new study quantifying the expansive annual i...
GST Council Affirms 28% Tax on Online Betting from October 1
Delhi, Goa worried about impact on gaming, casino industries respectively; Council to work out “perspective plan” for surcharges on top of GST, and their use after compensation cess is phased o...
Macau’s Mass Gaming Market Likely to Improve Steadily – Deutsche Bank
MACAU, SAR (October 6, 2023) — Macau’s mass-market gross gaming revenue (GGR) has now recovered to a level slightly below that of 2019, while VIP segment GGR has surged to 35 per cent of pr...
AGEM Index Decreased by 51.38 Points to 1,055.70 in September
(October 6, 2023) — The Association of Gaming Equipment Manufacturers (AGEM) works to advance the interests of gaming equipment manufacturers around the world. Every month it publishes an u...
Colorado Lottery Conservation Month Celebrates 40 Years and $4 Billion Back to the State in Proceeds Benefiting Colorado’s Outdoors
Pueblo, CO (October 4, 2023) — Gov. Jared Polis has proclaimed October 2023 Colorado Lottery Conservation Month to celebrate the Lottery’s impact on conservation, stewardship, protection, a...
Loto-Québec Presents Very Good Results 1Q Fiscal Year 2023-2024
Montreal, September 20, 2023 – For the period from April 1 to June 26, 2023, Loto-Québec’s activities generated total revenues of $711.2 million and consolidated net income of $380.9 ...
The Swedish Gaming Authority’s Consultation Response to the Ministry of Finance’s Memorandum Fi2023/02022
Strängnäs, Sweden (September 26, 2023) — In memorandum Fi2023/02022, it is proposed that the penalty fee for violations of the Money Laundering Act should be able to amount to the same maxi...
Online Gaming Companies Review Legal Options, Await GST Council Meeting for Clarity
Experts say there is a need for a clarificatory circular to address past issues that would give the industry a breather INDIA (September 28, 2023) — Faced with onerous notices for goods and s...
N.C. Education Lottery Achieves Record-Breaking $1 Billion for Education
RALEIGH (September 27, 2023) – The N.C. Education Lottery raised − for the first time ever − more than $1 billion in a single year for public education programs in North Carolina. The record ...
The Norwegian Lottery Authority has Informed Banks that it Will be Monitoring Compliance with the Payment Intermediary Ban
Førde, Norway (September 25, 2023) — The Norwegian Lottery Authority has now informed nine banks that there will be supervision of compliance with the payment intermediary ban. According to ...
Independent Panel Issues Invitations to Apply for the Cashless Gaming Trial
SYDNEY, NSW, Australia (September 25, 2023) — The Independent Panel on Gaming Reform has issued invitations for venues and technology providers to apply to participate in the cashless gaming...
The National Lotteries Commission Briefed Parliament on the Steps it is Taking to Review Procurement Procedures and Grant Funding
SOUTH AFRICA (September 25, 2023) — According to local media reports the National Lotteries Commission (NLC) has told Parliament it is taking extensive measures to stamp out illregularities a...
Sweden’s Government Proposes Increased Gambling Tax
SWEDEN (September 20, 2023) — Sweden’s government has today Wednesday proposed an increase in the gambling tax, from 18 percent of GGR to 22 percent of GGR. The reason, according to the gov...
State’s Total Gambling Expenditure Climbs to More Than $5 Billion in the Last Financial Year
BRISBANE, Qld (September 21, 2023) — The increase in gambling expenditure (net losses) in Queensland, Australia, over the past year is reportedly attributed to electronic gaming machines (EGM...
PA Gaming Control Board Reports 7.5% Revenue Increase In August
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 August 2023 wa...
Macau: MOP8.1 billion (US$1.01 billion) in First 17 Days of September – J.P. Morgan
MACAU, SAR (September 18, 2023) — Macau’s gross gaming revenue has shown signs of recovery in the first half of September, bouncing back from a slow start to the month due to unfavorable we...
Federal Government to Create 10m Jobs From Lottery, Gaming Industry – Minister
LAGOS, Nigeria (September 16, 2023) –The Federal Government has reiterated its readiness to harness the potential of the lottery and gaming industry in the country. Speaking at the second pha...
Finance Chief Reminds Casino Operators of Their Investment Pledges as GGR Rises
Macao’s concessionaires will have to increase their spending on non-gaming facilities if gross gaming revenue crosses a certain threshold this year. MACAU, SAR (September 15, 2023) — Macau...
Bill Cutting Stock Transaction Tax Will Also Lower Tax on Lotteries
MANILA, Philippines (September 14, 2023) — According to local media reports the proposed amendments to the Capital Markets Efficiency Promotion Act aims to lower taxes on lottery winnings an...
Allwyn International Q2 2023 Condensed Consolidated Interim Financial Statements and MD&A
Management’s discussion and analysis of financial condition and results of operations for the three months ended 30 June 2023 The financial and operating information contained in this “Manageme...
Gambling Companies with a Swedish License Had a Turnover of SEK 6.7 Billion During 2Q
Strängnäs, Sweden (September 8, 2023) — Gaming companies with a Swedish license had a total turnover of SEK 6.7 billion (players’ stakes minus paid winnings) in current prices during ...
Macau’s September Gross Gaming Revenue Likely to Recede Amid Reduced Demand and Bad Weather – J.P. Morgan
MACAU, SAR (Septembber 13, 2023) — Macau’s gross gaming revenue (GGR) is anticipated to experience a month-on-month decrease of 15 to 20 per cent in September, amounting to a range of MOP14...
