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Industry
January 18, 2024
Ontario’s iGaming Market Is on the Rise Again
Ontario’s iGaming market is once again on the rise, following several quarters of stability. According to iGaming Ontario’s most recent performance report, the market’s metrics have increased across the board. The report covers the third quarter of the 2023-24 fiscal year, which ran from October 1, 2023, to December 31, 2023. The period saw Ontarian […]
Business
January 18, 2024
Study Suggests Indiana Can Rake in Millions in Tax Revenue from iGaming
Currently, less than ten US states offer legal online gambling activities. Unlike sports betting which is available in close to 40 states, iGaming activities are yet to lift off and expand across the country. Major online gambling markets are New Jersey, Pennsylvania, as well as Michigan. Considering the benefits the activity can bring, different states […]
Business
January 17, 2024
888 Records 8% Annual Revenue Drop in 2023
The UK-headquartered, leading betting and gaming company that acquired William Hill’s non-US business in 2022, 888 Holdings Plc, has published its post-close trading figures. The report indicates an 8% decrease in the group’s annual revenue for the full year 2023, emphasizing important drops in the UK online and global markets. The fourth quarter’s revenue reached […]
Business
January 17, 2024
Massachusetts Casinos, Betting Operators Post Strong December Results
The gambling regulator in Massachusetts, the Massachusetts Gaming Commission (MGC), released its latest report Tuesday, outlining details regarding the performance of licensed sports betting and casino operators for December. Last month marked a strong period for brick-and-mortar casinos and sports betting operators, considering that the total taxable gaming revenue hit $163.6 million. This result marked […]
Industry
January 17, 2024
New Jersey’s Gambling Revenues Increased Across the Board in December
The New Jersey Division of Gaming Enforcement has published the December 2023 total gaming revenue results. According to the regulator, the state’s gambling operators reported year-to-date revenue of almost $5.8 billion. Segment by segment, New Jersey’s nine casino hotel properties earned $232.4 million for December 2023. This, according to the authority, reflects a year-on-year increase […]
Industry
January 16, 2024
Macau Can Expect Stable Q4 EBITDA Growth
Macau’s six concessionaires are expected to report a 6% increase in aggregate Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the fourth quarter of 2023, with SJM Holdings and Wynn Macau leading the way. The casino resorts must adapt to rapidly shifting industry trends, but 2024 should present more opportunities than challenges, helping the […]
Business
January 15, 2024
Super Group Highlights Expectations for Growth in 2024
The holding company for leading global online sports betting and gaming brands Betway and Spin, Super Group, has offered some interesting insights into the company’s last year performance while making optimistic predictions for 2024. Strong End of the Year in 2023 The group expressed its optimism regarding the upcoming months of 2024 after a strong […]
Industry
January 12, 2024
Washington County Rakes in $9.2M for LSA Program from Gambling
Pennsylvania’s Washington County is expected to receive some $9.2 million in gaming funds for economic development and community projects. According to a report from Observer-Reporter, a news outlet headquartered in the county, this would be the largest share of local share account casino gambling revenue Washington has received in 14 years. The Department of Community […]
Business
January 11, 2024
GLPI Is Optimistic about M&A Opportunities in 2024, Analyst Says
Gaming and Leisure Properties Inc. (GLPI) is projecting a better environment for M&A activity in 2024. An analyst discussed the matter following a conference call with GLPI’s leadership. As reported by CDC Gaming Reports, Barry Jonas, an analyst at Truist Securities, told investors that GLPI has a balance sheet flexibility that will provide it with […]
Business
January 11, 2024
Genting Malaysia Confirms Plans to Inject $100M into Empire Resorts
In an unexpected move, the leading leisure and hospitality business, Genting Malaysia Berhad (GENM), announced its plans to inject some $100 million into Empire Resorts, one of its US-facing subsidiaries. Details regarding the newly proposed investment emerged on Wednesday, January 10, 2024, in a filing with the Bursa Malaysia Securities by the company. Upon announcing […]
