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Industry
June 23, 2021
Tennessee Lottery Breaks $2B on the Back of Sports Gambling
Even though 2020 decimated a lot of the US gambling market, the Tennessee Education Lottery (TEL) can’t be too disappointed with its results. The organization, which oversees lotteries, sports gambling and more in the state, just released its financial report for the latest fiscal year and has reached a new milestone. For the first time […]
Industry
June 23, 2021
New Report Predicts Strong Sports Gambling, iGaming Markets in the US
It was already an accepted fact that legalized sports gambling in the US would bring significant revenue to states. Estimates over the years have put the value of the offshore sports gambling segment at around $150 billion, although it isn’t possible to calculate an actual figure. Still, now that states have been legalizing sports gambling […]
Industry
June 23, 2021
Florida’s Gaming Compact with the Seminole Has New Resistance
The Department of the Interior (DoI) is expected to reveal its decision on the gaming compact between Florida lawmakers and the Seminole Tribe of Florida in the next couple of weeks, but how it will respond still isn’t clear. Across the US, when presented with new gaming compacts following the demise of PASPA in 2018, […]
Industry
June 22, 2021
Hong Kong Police Deal a Major Blow to Illegal Gambling
Illegal gambling rings were put on notice, as Hong Kong police announced a major breakthrough against Triad-controlled gambling. Local authorities arrested 18 people in connection with the largest illegal gambling operation in the last decade. Police disclosed that the illegal bookies had handled over $400 million in bets on horse racing and soccer over the […]
Industry
June 22, 2021
Analysts Back Down on Macau Recovery as Hong Kong Restrictions Continue
Macau was converted into a virtual ghost town for much of 2020 because of the COVID-19 pandemic. It seemed like 2021 was going to bring a lot of positive activity as restrictions started to be lifted and gross gaming revenue (GGR) began to recover. However, even as industry analysts were starting to become more optimistic […]
Industry
June 22, 2021
UFC Boss’s Blackjack Skill Ends in Vegas Casino Ban
UFC President Dana White is facing his second Las Vegas casino ban after winning more than $2 million playing blackjack at the Palms Casino Resort. The casino has banned White from their highest stake tables for the second time in the past 24 months. With an overall net worth of nearly half a billion dollars, […]
Industry
June 22, 2021
COVID-19 Hurt Atlantic City More Than the Great Recession
Atlantic City’s casinos were financially impacted, like industries across the US, when the economic bubble burst 14 years ago. That led to New Jersey taking additional steps to manage its gambling hub and oversee its operations and, as the years progressed following that recession, Atlantic City seemed to be on the road to recovery. Then, […]
Industry
June 22, 2021
Yokohama’s Plans for an Integrated Resort Hit a Potential Speedbump
Japan has been diligently chipping away at the large block that it hopes will ultimately become its casino industry. It has been a slow process and several cities across the country have been anxious to become involved. Among these, Osaka, Nagasaki and Yokohama have been at the forefront the most, all overcoming challenges to be […]
Industry
June 21, 2021
Macau Authorities Expect to Double Casino Regulators
The gambling mecca of Macau is set to face tougher regulations as government authorities look to double the number of casino inspectors. Several departments are tipped to be restructured, as the city looks to ramp up its hold over the casino industry. The move to beef up supervision of the gambling hub comes as the […]
Industry
June 21, 2021
D.C. Reports Staggeringly Low Sports Betting Revenue
D.C. could soon see unexpectedly low sports betting tax revenue as every year the officials revise down their revenue projections since the legalization of sports gambling in 2020. D.C. Council Dazzled by the Low Revenue from Sports Betting The D.C. Council Committee on Business and Economic Development held a budget oversight hearing on Thursday where […]