Gambling Clear News
Gambling revenue in Nevada edged up 0.8% year-on-year to $1.28bn (£1.01bn/€1.18bn) in January, the highest total on record for the opening month of the year. Revenue was marginally higher than $1.27bn in January 2023 but 10.5% behind December’s $1.43bn haul. Slots accounted for $885.9m of revenue in January, up 1.3% from last year. Some $567.2m of this came
The Netherlands’ gambling regulator Kansspelautoriteit (KSA) has issued its largest ever fine of €19.6m (£16.8m/$21.2m) to Gammix Limited for offering games without a licence. In June 2022, Gammix was ordered to leave the Dutch market or risk paying €1.4m in weekly fines. The following March, the KSA ordered Gammix to pay €4.4m for not complying
The New York State Gaming Commission has said three of the state’s most popular draw games have produced over $63.9m (£50.7m/€59.1m) for public schools and small businesses. The New York lottery is North America’s most profitable, contributing $3.7bn over the 2022-23 financial year to state education. Mega Millions, Powerball and NY LOTTO are “skyrocketing” in
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
During a parliamentary debate, Philip Davies MP branded the GB Gambling Commission and the UK government’s affordability checks proposals as “completely unacceptable”. The debate took place yesterday (26 February), after a petition on the matter registered by Jockey Club chief executive Nevin Truesdale reached the 100,000 signature-threshold in November. This is the amount of signatures
Gibraltar has been named as one of the four jurisdictions removed from the Financial Action Task Force’s (FATF) grey list. The jurisdictions were confirmed as being removed from the grey list following the FATF Plenary, which took place from 21-24 February. Gibraltar was named alongside Uganda, Barbados and the United Arab Emirates. The Plenary noted
Vici Properties has revealed net profit more than doubled to $2.51bn (£2.0bn/€2.32bn) in 2023 after M&A activity drove revenue up 38.9%. For the 12 months to 31 December 2023, Vici posted $3.61bn in total revenue. This was comfortably higher than the $2.60bn reported in the previous financial year. As to how Vici achieved this level
Scout Gaming Group CEO Niklas Jönsson said he remains confident of the provider becoming a profitable business after net loss shortened in 2023 following a cost-cutting initiative. The provider completed its transformation programme in August 2023, which led to some staff being let go. At the time, Scout said this would allow it to become a leaner
