Gambling Clear News
PNR Tecnologia and Lema have become the latest gambling companies to seek accreditation from the Rio de Janeiro State Lottery (Loterj), which is coming under fire from the Brazilian Institute for Responsible Gaming (IBJR). On Wednesday (3 April), PNR Tecnologia delivered documentation seeking to operate sports betting and online games with Loterj accreditation. On Friday
Super Group recorded a profit before tax of €16.8m (£14.4m/$18.3m) for its 2023 financial year, a significant drop from the €216.5m generated the year prior. Super Group attributed the drop in profit before tax to non-cash charges of €64.6m. €28.6m of that total came from the January 2023 acquisition of online sports betting and igaming
The European Gaming and Betting Association (EGBA) has welcomed the European Parliament’s approval of introducing a standardised electronic identification method called a “European Digital Identity” (e-ID). The EGBA-endorsed move would oblige states in the European Union (EU) to issue an e-ID to citizens. This would allow them to authenticate their identity for online services. e-IDs
International Game Technology (IGT) will merge its Global Gaming and PlayDigital businesses with Everi to create a “comprehensive and diverse” global enterprise. IGT will spin off its Global Gaming and PlayDigital businesses, which will then combine with Everi. Under the agreement, IGT shareholders are expected to own around 54% of shares in the combined business.
Galaxy Entertainment Group (GEG) reported a 211.0% increase in revenue to HK35.68bn (£3.60bn/€4.21bn/US$4.56bn) during 2023, driven by the full reopening of the Macau gaming market. Macau withdrew all remaining pandemic travel and quarantine restrictions in January 2023. This meant people could again travel freely to the region and visit its land-based casinos, including the Galaxy Macau. This
Fitch Ratings has pointed to Macau’s “strong rebound” following the COVID-19 pandemic in predicting a positive financial outlook for Wynn Resorts. Macau’s gaming industry took a huge hit during the pandemic with extremely tight restrictions grinding the market to a halt. However, the removal of travel restrictions in early 2023 has induced an impressive response
Massachusetts recorded $71.1m (£56.5m/€66m) in taxable sports betting revenue for January, smashing the previous record of $61m. Massachusetts’ January revenue was a remarkable 17% increase on the previous highest month, set back in May 2023. Handle fell just 1.1% short of December’s $658.7m record, still accumulating $651.7m in what was another strong month for Massachusetts’
Detroit, Michigan’s three casinos recorded $94.4m (£75.2m/ €88.0m) in revenue for January. This marked a dip of 8.8% from January 2023. In total, $93.9m came from table games and slots, while $500,221 was generated by retail sports betting. The overall revenue also fell month-on-month, trickling down by 18.8% from Detroit’s December report. In terms of
EveryMatrix Slot Trumps heads back to Latin America with Colombian slot players under the microscope this month. The fourth Slot Trumps focuses on Colombia which regulated igaming in 2016, making it the region’s longest-running online market. Slot Trumps Colombia: LatAm’s low stakes market It’s also a market where slots perform strongly, making up around a
A study on New Jersey’s gambling market has judged the igaming industry to be “detrimental” for the state’s economy, despite its strong tax contributions. The research was carried out by the National Economic Research Associates (NERA). It was previously commissioned by the Campaign for Fairer Gambling (CFG). Online gaming has been legal in New Jersey
