Gambling Clear News
The Philippine Amusement and Gaming Corporation (Pagcor) posted revenue of PGP55.95bn (£811.4m/€929.4m/$984.4m) for the first nine months of its financial year. Pagcor said the majority of revenue in the period was designated as gaming and operations, with this amounting to PHP51.66bn. The nine months cover the operating period through to 30 September 2023. A further
Consumers in Kansas spent a total of $219.3m on sports betting during September, a new monthly record for the US state. Kansas opened its legal sports betting market in September last year. Players bet $160.5m in the opening month, with this year’s figure 36.6% ahead year-on-year. The September 2023 figure was also up 132.3% from $94.4m in August this
The American Gaming Association (AGA) said the economic footprint of tribal and commercial gaming in the US stood at $328.6bn (£267.9bn/ €309.9bn) in 2022. The AGA outlined this in a new study carried out by Oxford Economics. According to the study, the US gaming sector also provides 1.8 million individuals with employment, contributing $104bn in
Gambling revenue in Nevada remained level year-on-year in August at $1.21bn, though the US state reported a month-on-month decline. Revenue was in line with the $1.21bn posted in August 2022. However, this was 14.3% lower than $1.40bn in July in Nevada this year. Slots drew $829.2m of all revenue in August, down 2.1% on last year. Multi-denomination
British players holding accounts with In Touch Games’ websites have been given until 6 March next year to withdraw any funds after the operator had its licence suspended last week. The Gambling Commission suspended In Touch’s three operating licences, saying it may be “unsuitable” to carry out licensed activities. Passing the ruling, the Commission flagged conditions
Playtech is set to outperform market expectations this year thanks to record earnings in H1 driven by success in high-growth regions such as the US and Latin America. In a trading update for the six-month period to 30 June 2023, the gambling technology group said revenue was up 8% year-on-year to €859.6m. Within this, its
The GB Gambling Commission reported a fall in spending on the National Lottery in its 2022-23 financial report ended 31 March. National Lottery operations costs totalled at £2.4m, £178,000 less year-on-year. Meanwhile, National Lottery Competition costs came to £19.1m, down from £23.6m from the previous year. During the financial year, the process to find the
Colombian gambling regulator Coljuegos has struck up a partnership with industry trade organisation Asojuegos to jointly tackle issues related to money laundering. The “Pacts for Legality” project will focus on joint Coljuegos and Asojuegos anti-money laundering (AML) efforts in the national gambling market. Asojuegos will encourage its members to support the campaign and work with
In a mixed Q2, Ontario-based sports betting and igaming operator Northstar Gaming reported continuing losses despite record revenue results. Northstar reported growth in revenue, handle and gross margin in Q2. This comes in the wake of the company’s reverse takeover of the business by Canadian property business Baden Resources. The business said this was driven
CEO Jordan Gnat said that growth in Playmaker’s media and affiliate businesses helped to improve operations during the three months to 30 June. Pro-forma revenue was $12.6m at Playmaker during the second quarter. Compared to the pro-forma revenue for Q2 2022, this was a rise of 51.8%. Like-for-like revenue at Playmaker was up 88.7% year-on-year
