Month: February 2024

The U.S. commercial gaming industry set a new revenue record for the third consecutive year in 2023, according to data compiled by the American Gaming Association (AGA). Total revenue from land-based casino games, sports betting, and iGaming reached $66.52 billion for the calendar year, a 10% increase over the previous record set in 2022. With

Caesars Entertainment has disclosed Q4 2023 net revenues of $2.83 billion, a slight increase from the previous year’s Q4 figure of $2.82 billion but a decrease from the Q3 revenue of $3 billion. Meanwhile, full-year net revenue for 2023 stood at $11.5 billion, up from the $10.8 billion recorded in 2022. Net loss for the fourth

Pragmatic Play is set to make its first appearance at a Latin American show in 2024 at the inaugural SBC Summit Rio. The iGaming content supplier will be a platinum headline sponsor of the event, taking place at the Windsor Convention & Expo Center between the 5th and 7th of March. In addition, Pragmatic Play

Online gambling platform 188BET has announced that it is transitioning its operations from the Isle of Man to the Philippines. The regulatory jurisdiction transition is set to commence on March 19, 2024. The announcement, conveyed via email to players, revealed that Cube Limited, the Isle of Man-based operator of 188BET, will formally relinquish its Isle of Man

The Supervisory Board of Novomatic has appointed Stefan Krenn, LL.M. as a new Member of the Executive Board with effect from February 15, 2024. In this function, he will form part of the three-person Executive Board of the international group, together with the two other members, Ryszard Presch and Johannes Gratzl. Dr. Bernd Oswald, Chairman of

Australia’s leading sports gambling companies, including Sportsbet, Ladbrokes, and Bet365, are on edge as the country’s financial crime watchdog, the Australian Transaction Reports and Analysis Centre (Austrac), finalizes its investigation into suspected breaches of money-laundering laws. The outcome of this investigation could have significant ramifications for the industry and potentially influence the federal government’s plans

Sports betting services provider Kambi Group and Penn Entertainment have reached an agreement to extend the term of their retail sportsbook platform agreement to December 31, 2025. This renewal supersedes the previous agreement, which was set to expire in July 2024. Under the agreement, Kambi will continue to supply Penn’s retail casinos nationwide with its

Nigel Feetham, the Minister for Justice Trade and Industry, Gibraltar, convened this month with top executives from the gambling sector as part of the Wider Outreach Programme. The gambling leaders in attendance included Stella David and Per Widerstrom, the CEOs of Entain and 888, respectively.   Both companies, with substantial operations in the region, play

The Macau government has introduced a bill advocating for a jail term ranging from one to five years for individuals engaged in illegal gambling loans within casino premises. The new bill is an update to Macau’s existing illegal gambling regulations (Law No.8/96/M). According to the proposed legislation, individuals providing money or other means for gambling

Department of Trust, a provider of financial risk assessments for safer gambling, has introduced DoTrust Complete, a dedicated platform providing end-to-end, frictionless, and enhanced financial risk checks across all stages of the player journey. The company has announced The Rank Group as its inaugural live customer for this new service. Until now, UK gambling operators

This year’s Super Bowl betting was record setting, and so was the number of people watching the game! And now, even more states are considering the regulation of betting on sporting events! So where do we go from here? [embedded content] The the Super Bowl is over, which means no more football in America for