Macau’s gross gaming revenue (GGR) for July reached MOP18.59 billion ($2.31 billion), marking an 11.6% increase year-on-year and a 5% rise compared to the previous month. However, the figures, reported by Macau’s Gaming Inspection and Coordination Bureau (DICJ), reflect a near-24% decline from the same month in 2019, prior to the COVID pandemic. July’s GGR is
Industry
Sports gambling giant DraftKings is shutting down its non-fungible token (NFT) business following recent legal challenges. The decision comes just a week after the company sold its streaming outlet VSiN back to Musburger Media, signaling a broader downsizing strategy. The closure of DraftKings’ NFT marketplace, known as Reignmakers, was announced in an email to customers.
A report by Deutsche Welle (DW) reveals that Brazil does not have the necessary support structure in place to treat gambling addiction. Despite recent advances in the regulation of sports betting, experts interviewed by DW warned that the Secretariat of Prizes and Betting (SPA) has not yet published an ordinance with guidelines and practices for the
Pay4Fun, a payment services provider in the betting sector, has received a certificate of recognition from the Support Group for Adolescents and Children with Cancer (GRAACC) for the fifth consecutive year. GRAACC is an institution based in São Paulo (SP) that treats cases of childhood cancer. The certificate awarded to Pay4Fun recognizes the company’s commitment
The Betting and Gaming Council (BGC) has expressed its support for the newly established Codes of Conduct for Gambling Related Agreements introduced by several major sporting bodies. The codes aim to raise standards for sports sponsorship deals. The BGC has worked alongside national sports bodies including the Premier League, English Football League, The FA, Women’s Super
The Nevada Gaming Control Board (NGCB) reported that June 2024 casino revenue from slot machines, table games, and sports betting reached $1.28 billion, marking a 3% increase compared to the same period last year. For the 2024 fiscal year, spanning from July 1, 2023, to June 30, 2024, statewide gross gaming revenue (GGR) achieved a
Codere Online, an online gaming operator in Spain and Latin America, reported a significant rise in net gaming revenue for the second quarter of 2024, driven by strong performance in its core markets of Mexico and Spain. The company posted total revenue of €51.7 million ($55.90 million) in Q2 2024, with net gaming revenue reaching
Panamanian President José Raúl Mulino has announced that electronic lottery operations will be terminated, in order to improve the efficiency and credibility of the National Lottery of Charity (LNB) and to promote its transformation. The decision was made based on reports from the LNB that, according to Mulino, “are not encouraging at all.” During his
MGM Resorts International reported a record consolidated net revenue of $4.33 billion for the second quarter of 2024, marking a 9.8% year-on-year increase. This growth was largely driven by the performance of MGM China, which saw operations expand following the lifting of COVID-19 restrictions in Macau. MGM China exhibited significant growth, with net revenues of
On Wednesday, US Senators Catherine Cortez Masto (Nevada) and Cindy Hyde-Smith (Mississippi) introduced a bill to repeal the federal excise tax on gambling. This 0.25% tax is imposed on the amount of any legal wager, adding to state taxes. The bill, named the “Withdrawing Arduous Gaming Excise Rates Act” or “WAGER Act,” received immediate support
Gaming Laboratories International (GLI) has released “the first and only” gaming information security standard, “GLI Gaming Security Framework Module 1 (GLI-GSF-1): Gaming Information Security (GIS) Common Controls Audit.” The company has re-released the draft of the module for initial industry-wide comment. “GLI developed the GSF to address the industry’s strong demand for a comprehensive framework
iGaming software solutions provider SOFTSWISS announced the record-breaking launch of a new sportsbook project within 14 calendar days. The company also shared key insights and results for its Sportsbook in the second quarter of 2024. In Q2 2024, the SOFTSWISS Sportsbook team launched 22 new projects across 11 casino platforms, demonstrating the compatibility of their
The National Indian Gaming Commission has authorized the Native Village of Eklutna to proceed with plans for a casino-style gaming hall near Anchorage, Alaska. The move follows a February decision by the Interior Department that altered the legal interpretation of Alaska Native trust lands, overturning long-standing precedents. The proposed gaming hall is designed to feature electronic
Century Casinos has announced that Eric Rose, a long-term regional Vice President and General Manager of the company, will take over the top leadership role at the Nugget Casino Resort. Eric Rose has been appointed Senior Vice President and General Manager of the Nugget, succeeding the previous GM, who is no longer with Century. Rose
Rhode Island-based Bally’s Corporation reported a 2.5% year-over-year increase in company-wide revenue for Q2 2024, reaching $621.7 million. This growth was driven by a 3% increase in Casinos & Resorts revenue to $343.1 million, a 9% rise in UK online revenues, and a 94.7% surge in North America Interactive revenue to $49.2 million. However, overall
Online gaming content provider CT Interactive announced that it has certified 51 more games for the Georgian market. The supplier called it “another step in the company’s commitment to providing top-tier gaming content and enhancing the player experience in the Eastern European country.” Dimitar Muhovski, Product Analyst at CT Interactive, emphasized the importance of the
The UK’s Advertising Standards Authority (ASA) has addressed complaints regarding advertisements by William Hill and Ladbrokes Coral. The watchdog warned William Hill over a promotional ad that offered a £60 bonus for new customers but failed to prominently disclose payment restrictions, specifically the exclusion of Apple Pay. The complaint argued that this omission was a significant condition
Gaming technology and services provider BetConstruct has announced the inclusion of Gates of FTN by Pragmatic Play, a B.F.T.H. Arena Awards’23 winning game, into the Ortak platform. According to BetConstruct, Gates of FTN offers players a unique opportunity to immerse themselves in a world where mythology and blockchain technology converge. “As players navigate through mystical
Australian sports betting and iGaming operator PointsBet announced a 16% increase in revenue for the full year 2024, reaching $267.1 million, as the company capitalized on significant cash reserves from the recent sale of its US business to Fanatics for $225 million. The company closed the fiscal year with a record quarterly cash flow of
The National Indian Gaming Commission has authorized the Native Village of Eklutna to proceed with plans for a casino-style gaming hall near Anchorage, Alaska. The move follows a February decision by the Interior Department that altered the legal interpretation of Alaska Native trust lands, overturning long-standing precedents. The proposed gaming hall is designed to feature electronic