Gambling Clear News
Bettors in Arizona wagered almost $650m on sports in October 2023, according to figures released by the Arizona Department of Gaming. The $648.2m (£512m/€590m) put down by bettors in Arizona was a 4.8% increase when compared to October of last year. The figure was also up 6.2% compared to September. The October 2023 handle trails
Lottery technology broker Lottery.com has secured an $18.0m (£14.2m/€16.4m) investment commitment from financial group Prosperity Investment Management. Lottery.com said it will use the funds to “accelerate” its strategic acquisition plans. It also said the Prosperity investment will support market development initiatives for both its Lottery.com and Sports.com brands. Prosperity will fund Lottery.com through an investment
Massachusetts’ gaming revenue dropped during November despite seeing its monthly sports betting handle record smashed. More interestingly however, was Penn Interactive’s surge in wagers. Casino takings were pretty much flat compared to the previous month according to figures released by the Massachusetts Gaming Commission. However, a good month for punters saw sports betting accrual win
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
Boyd Gaming has announced its board of directors has approved a quarterly cash dividend of $0.16 (£0.13/€0.15) per share. Those holding Boyd shares at the close of business on 22 December will be eligible for the payment. The dividend is payable to shareholders on 15 January 2024. Boyd will make the payment on the back
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
The Betting and Gaming Council (BGC) has urged British chancellor Jeremy Hunt to drop plans for a new gambling tax simplification measure, branding it as a ‘Trojan Horse’ to further raise taxes on businesses in the industry. During last week’s Autumn Statement, Hunt proposed bringing remote gambling under one tax. This would replace the current three-tax
Entain has reached a Deferred Prosecution Agreement (DPA) in principle with the Crown Prosecution Service (CPS) over historic activities in Turkey. Preliminary judicial approval was secured today (24 November) at the Royal Courts of Justice sitting as the Crown Court at Southwark. Entain will seek final judicial approval in court on 5 December. Terms of
Genting Berhad posted double-digit growth in revenue and earnings at its flagship resorts in Singapore and Malaysia hit new heights in the most recent quarter. Genting Berhad, the Malysia-headquartered conglomerate, accrued revenues totalling RM6.1bn ($1.3bn/€1.2bn/£1.0bn) from its leisure and hospitality division in the three months to 30 September 2023. This was up 27% compared to
