Macau’s gross gaming revenue (GGR) has faced a seasonal slowdown in June, affected by heavy rainfall and nationwide university admission exams, reveals a new report by Citigroup. George Choi and Ryan Cheung, two analysts from the financial services firm, have advised investors to consider this month’s data point “as the floor for Macau’s GGR run-rate
Month: June 2024
Payments company Pay4Fun announced that it has reached the milestone of two million users in financial transactions with gambling. Moreover, in 2023 alone, the company managed BRL 8.1 billion (over $1.5 billion). This figure represents a 212% growth compared to 2022 when the amount transacted was BRL 2.6 billion (over $492 million), the company said
HIPTHER Agency has announced the completion of the 2024 edition of the MARE BALTICUM Gaming & TECH Summit, which took place on June 3-5 at the flagship Olympic Park Casino in Tallinn, Estonia. The event gathered some of the best companies and most distinguished experts across iGaming, technology, and compliance industries offering “a premium experience of growth and
Jun 12, 2024 In a last-minute push, New York lawmakers have bypassed the end of the current legislative session to greenlight a bill that will accelerate the awarding of casino licenses in the Empire State. Sponsored by Senator Joe Addabbo, SB 9673 was passed by a vote of 51-4 in the New York Senate and
The Michigan Gaming Control Board has announced that Detroit’s three casinos collectively generated $111.3 million in adjusted gross revenue (AGR) for May, reflecting a significant rise from the previous year’s figures. This amount marks a 6.3% increase compared to May 2023 and a 4.7% increase from April’s $107.9 million. The cumulative AGR for the first
Bally’s Chicago, riding high on record-breaking admissions and gross receipts at Medinah Temple, Illinois, in May, is gearing up to break ground on a monumental $1.7 billion permanent casino on July 5, with a slated opening in September 2026. However, amidst the anticipation, clouds of uncertainty loom over the project’s future. Mayor’s apprehensions: Mayor Brandon
CLSA, a leading brokerage firm, has updated its forecasts for Macau’s gross gaming revenue (GGR) for 2024, now projecting a 1.6 percent increase. The revised estimate suggests that GGR will reach MOP$239.9 billion ($29.8 billion) this year, fueled by heightened visitation and optimistic assumptions regarding GGR per visitor. Drivers of growth: This upward adjustment extends
Leading French casino operator, Groupe Partouche, has revealed its recent financial success, including consolidated turnover achieved in Q2 of 2024 and cumulative revenue earned during the first half-year, between November 2023 and April 2024. Solid revenue growth: The first half of 2024 demonstrates a robust growth trajectory, with a 2.3% increase in cumulative six-month revenue,
RotoWire.com, a trailblazer in providing expert sports news and advice, has introduced its latest innovation, the Picks & Props app. Recently launched on the app store, this revolutionary app offers seamless access to expert recommendations and predictions for fantasy pick’em and player props, accessible from any mobile or tablet device. Peter Schoenke’s insights: Peter Schoenke,
Online gaming solutions provider Slotegrator is expanding into Asia through a new deal with RiCH88. As part of the agreement, RiCH88 joins Slotegrator’s partner network via APIgrator, expanding the aggregator’s portfolio with slots, bingo, table games, and other titles tailored to the preferences of the Asian market. Founded in June 2020, RiCH88 has quickly established
Virtual training system for gaming employees RG24seven Virtual Training has announced the addition of Spanish and Portuguese subtitles to its U.S.-based Responsible Gambling and Anti Money-Laundering courses. The courses are offered as part of the RG24seven free virtual training program for Tribal and commercial gaming employees. The decision to incorporate subtitles into the Responsible Gambling
Planet Hollywood has welcomed the Shania Twain Come on Over residency, on stage at the Bakkt Theater. One of music’s most renowned trailblazers and the top-selling female country artist of all-time, Shania Twain headlining residency show is also being labeled: All The Hits. With Shania herself at the helm as creative director for Shania Twain
While some Philippine senators persist in advocating for the complete shutdown of the country’s offshore gaming industry, one politician is highlighting the sector’s resurgence under PAGCOR’s revamped Internet Gaming Licensee (IGL) system. Albay Representative Joey Salceda, who chairs the House Ways and Means Committee, praised PAGCOR’s success on Tuesday, noting a 71% increase in revenue
The developer of Fontainebleau Las Vegas is purchasing five acres of land near the hotel-casino on the Strip for $112.5 million. The Las Vegas Convention & Visitors Authority (LVCVA) approved the sale at its meeting on Tuesday. “Almost six months into operations, we are already seeing positive and encouraging results for Fontainebleau Las Vegas. This
Peru Gaming Show (PGS) begins today its 21st edition, with an exhibition hall and a series of conferences that will bring together the most representative brands in the industry until tomorrow, Thursday, June 13, at the Jockey Convention Center in Lima. According to the organizers of the event, this year will be special not only
Stephen Thayer, General Manager and Vice President of The Strat Hotel, Casino & Tower in Las Vegas, has departed from his position. Golden Entertainment, which operates the property located at the intersection of Las Vegas Boulevard and Sahara Avenue, confirmed Thayer’s departure, with his last day being June 5. A spokesperson for Golden Entertainment declined
iGaming and online betting brand BetMGM has announced presenter Laura Woods as their new brand ambassador. The operator says that Woods brings “a wealth of sporting knowledge to the role” from her experience as a presenter for TNT Sports and ITV Sport. “She joins as the brand’s latest ambassador, having established herself as one of
The Armenian Parliament has finalized a comprehensive legislative package to regulate gambling activities, passing the bills in their second and final reading. The amendments introduce the concepts of “large winnings” and “just winnings,” Arka News Agency reported. Winnings exceeding AMD 5 million ($12900) will be considered large and will be subject to an income tax of
Jun 12, 2024 A trio of mystery bounty main events brought the 2024 PokerStars SCOOP Afterparty to a conclusion, and Ireland’s Kevin “torino2000” Killeen captured the largest of their prizes. Killeen won the $1,050 edition for $63,508, which included $24,584 worth of mystery bounties. Many people reading this article will have had a bell ring
iGaming software provider SOFTSWISS has released its first mobile app powered by the SOFTSWISS Sportsbook. The application expands the offerings of Primobet, a licensed operator in Serbia, and is available on Google Play and App Store in the country. The surge of mobile devices claiming 90% of the Gross Gaming Revenue (GGR) in Q1 2024, up from