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Industry
December 22, 2022
GOP Group Allegedly Funded DeWine’s Campaign with Gambling Money
Funding campaigns for reelection has always been a hot topic, and with how prominent DeWine’s name is in the gambling scene, it comes as no surprise that there are many loose ends. An Associated Press report looked further into it. Complicated Funding Routes Mike DeWine – a Republican Ohio Governor – is an outspoken supporter […]
Industry
December 22, 2022
Morgan Stanley: Macau GGR to Surpass $22B in 2027
Macau’s gross gaming revenues have taken quite a hit. The COVID-19 pandemic and the sporadic resurgence of the virus have devastated the tourism sector in the special administrative region, by extension greatly impacting gambling. Analysts were somewhat hopeful about the industry’s recovery in the second half of 2022 but sadly, it continued to underperform despite […]
Business
December 21, 2022
OpenBet: World Cup Attracted Record-Breaking Betting Volume
OpenBet, a provider of sportsbook technology, content and services, recorded a record-breaking performance during this year’s FIFA World Cup tournament. As the event progressed and hype was building up, betting volumes skyrocketed. OpenBet Performed Remarkably OpenBet reported that its customers processed over 200 million bets across all channels throughout all World Cup matches. This resulted […]
Sports
December 20, 2022
Bally’s Branded RSNs Face Bankruptcy as Sports Leagues Back Out of Sale Talks
The New York Post reported that the MLB, the NBA, and NHL will most probably back out of their plans to buy the 21 RSNs owned by Diamond Sports Group that account for about over half the local broadcast market in the US. The decision stems from the fact that Diamond Sports announced it is […]
Industry
December 20, 2022
PGCB: Gambling Revenue Reached $452M Thanks to iGaming
On Monday, the Pennsylvania Gaming Control Board issued a report, according to which the gaming revenue generated from all kinds of gambling continued to rise and reached $452,357,922 in November, especially because of online gambling. That is an increase of 4.59% compared to the November 2021 results and approximately $2 million more than the revenue […]
Business
December 19, 2022
Wynn Macau to Invest $2.2B Following Changes in Concessions
Wynn Macau Spending Big Wynn Macau announced it’s planning an investment of MOP17.8 billion (approximately $2.22 billion) in the special administrative region (SAR). A big piece of these investments is going to be focused on expanding revenue through non-gaming enterprises. This is a general trend that’s expected, as the SAR announced that broadening their non-gaming […]
Industry
December 19, 2022
New Jersey Casinos Post Strong Revenue Results in November
On Friday, the gambling regulator revealed that last month, the total gaming revenue reported by casinos, racetracks and their partners hit $441.1 million. New Jersey Gaming Win Hits $441.4M in November This result marked a slight 0.3% increase when compared to the $439.6 million reported for the same period in 2021. Focusing on the bigger […]
Business
December 16, 2022
Rank Group Recovery Slows Down as UK Market Shrinks
The company acknowledged the impact of the increase in the cost of living, which was evident in its UK-facing operations. Releasing its latest report, Rank Group acknowledged that in the five months ended November 30 this year, net gaming revenue (NGR) was up by only 1%, when compared to the same period in 2021. Rank […]
Lottery
December 15, 2022
Loto-Québec Posts H1 2022-23 Results
Loto-Québec, а Canadian lottery operator, has posted a new report, detailing the benefits of online casino and lottery. The digital vertical significantly contributed to the company’s revenues during the first half of the 2022-23 financial year, the company announced. Loto-Québec Posted Its FT 2022-23 Results As reported by the Canadian lottery giant, the company’s total […]
Business
December 15, 2022
Meyer Global to Invest $15 Million in PlayStar
PlayStar Gaming Group, a gambling operation with a vision to deliver an online gambling experience like no other, is set to receive $15 million in equity funding from Meyer Global Management. The move will strengthen the operator’s business and help it expand in the United States. PlayStar to Receive Investment from Meyer Global As announced […]
