Gambling Clear News
The Betting and Gaming Council (BGC) has accused the UK government of a stealth tax raid on casinos, which it says could cost the industry £5m (€5.7m/$6.2m) per year. The claim relates to the freezing of gaming duty bands outlined in chancellor of the exchequer Jeremy Hunt’s Autumn statement. In a statement, the BGC said
Connecticut registered record online gaming and sports betting figures during October 2023. The latest monthly revenue report from the Connecticut State Department for Consumer Protection showed that online gambling operators generated total revenues of $46.2m. This figure was up 34.7% year-on-year and 5.2% compared to the previous month. Online casino gaming win totalled $31.1m for
US commercial gambling remains on course for a record year as revenue of $16.17bn (€14.9bn/£13.0bn) was generated during the third quarter. Figures released by the American Gaming Association’s (AGA) for the three months to 30 September show US gambling revenue was up 6.1% year-on-year. This was the 11th straight quarter of annual revenue growth and
Scout Gaming Group said it remains focused on efforts to make the business profitable after a reduction in costs allowed it to slash its net loss during Q3. Revenue was slightly down year-on-year in Q3 at Scout, but a reduction in spending helped its bottom line. Scout said this improved its year-to-date performance, allowing it
Ontario-based sports betting and igaming operator NorthStar Gaming posted a 135.0% jump in gross gaming revenue to CA$4.7m (£2.7m/€3.1m/US$3.4m) during Q3, driven by an expanding customer base and diversified offering. NorthStar in particular hailed its “Insights” content-proprietary editorial features, which offer players advice and guidance on betting. In Q3, players who read this content had
Raketech has posted a third consecutive record revenue total of €21.5m for Q3 2023, driven by an all-time high organic growth rate of 66%. As a result of Raketech’s record Q3 revenue, The Malta-based affiliate business also raised EBITDA by 16.5% year-on-year. This was attributed to the development of its Japan-facing Casumba brand and growth within
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
Betclic Everest Group has seen a surge in new players deliver double-digit revenue and earnings growth in the year to date. FL Entertainment, which owns the group, said its Betclic and Bet-at-home brands generated €718.5m revenue during the year to 30 September. That nine-month figure was up 21.3% year-on-year at constant currencies. For Q3, revenue
MGM Resorts International reported record revenue of $3.97bn (£3.23bn/€3.71bn) in Q3 in spite of the upheaval called by the major cyberattack. The attack took place towards the end of Q3 on 11 September, with MGM forced to shut down certain systems. MGM has already revealed the attack had a negative adjusted property EBITDAR impact of approximately $100.0m.
Gambling revenue in Macau totalled MOP19.50bn (£1.99bn/€2.29bn/$2.42bn) in October, the highest monthly amount since before the pandemic. The total is up 400.2% from MOP3.90bn in Macau in October of 2022 and 30.5% ahead of MOP14.94bn in September this year. The figure is also the highest monthly total so far this calendar year. Perhaps more importantly, it
