Gambling Clear News
The Sports Betting Alliance (SBA), a group of leading US gambling operators, has declared its opposition to two sports betting ballots in California, saying it will not financially support either initiative. Both ballots would give tribes exclusive rights to offer retail and online sports betting in California. They were filed with the state’s attorney-general in October 2023.
Brazil’s chamber of deputies voted yesterday (21 December) to approve Bill 3,626/2023, which will regulate sports betting. Igaming has also been added back into the bill after removal by the senate. Brazil’s chamber of deputies has now voted to approve online gambling, giving the final green light for the market to be regulated in 2024.
Gross gambling revenue (GGR) in Spain increased by 23.6% year-on-year to €304.3m (£261.2m/€332.3m) in Q3, though this was lower than the second quarter. The figure was comfortably ahead of €240.8m in Q3 last year. However, the total fell 2.7% short of the €312.6m generated in revenue in Spain during Q2 of this year. Breaking down the Q3
The Singapore Gambling Regulatory Authority (GRA) has fined Resorts World Sentosa (RWS) a total of S$2.3m (£1.3m/€1.6m/US$1.7m) for failing to perform customer due diligence checks. The GRA said Resorts World Sentosa breached several Singapore laws by not carrying out the required checks. These include the Casino Control Act 2006 and the Casino Control (Prevention of Money
Fitch Ratings forecasts global gaming outlook for 2024 as “neutral”, citing pullback in certain US markets and potential stagnation in Europe. A new report from Fitch Ratings forecasts the global gaming outlook for 2024 as “neutral”. It is the second straight year Fitch has selected a “neutral” view for its gaming outlook. Fitch cited “slight
Gambling revenue in the Macau market rocketed by 435.0% year-on-year to MOP$16.04bn (£1.56bn/€1.83bn/US$2.00bn) in November, the fourth highest monthly total so far in 2023. The figure was some way ahead of MOP$3.00bn in November of last year but 17.7% behind $19.50bn in October 2023. However, October’s total was the highest monthly amount in Macau since before
MGM Resorts International has unveiled its vision to transform its Empire City Casino in New York into a full-scale commercial casino. Located in the Yonkers region of New York, the Empire City Casino currently operates as a video lottery racino. The MGM venue offers slots and various table games, as well as harness racing betting
The Mohegan tribe has announced that its new Mohegan Inspire Entertainment Resort in South Korea will host a soft opening on 30 November. Mohegan said the soft launch next week will allow visitors to access certain facilities ahead of the resort’s full launch. Several other opening phases will follow before Incheon-based Mohegan Inspire becomes fully
Australian gaming machine supplier Ainsworth Game Technology has commenced a strategic review amid widespread reports that it is seeking a buyer. New South Wales-headquartered Ainsworth confirmed it has appointed Macquarie Capital as its financial advisor to undertake a review of all potential opportunities available. No expressions of interest have been received from suitors, the ASX-listed
Gross gambling revenue (GGR) in Lithuania increased by 15.2% year-on-year to €161.0m (£140.8m/$172.1m) during the nine months to 30 September, driven by growth within the remote gambling sector. Revenue was comfortably higher than the $139.8m reported in the same period last year. The Gaming Control Authority, which regulates gambling in Lithuania, recorded growth across both
