The United Arab Emirates (UAE) stands on the brink of becoming a powerhouse in the global casino industry, with projections indicating potential annual gross gaming revenues (GGR) of US$3 billion to US$5 billion. According to multinational investment bank and financial services company Morgan Stanley, the UAE’s unique positioning, with its array of ultra-luxurious hotels and bustling international
Casino News
Nevada’s gaming industry experienced a second consecutive month of revenue decline in August, with analysts attributing the dip to bad timing and a run of luck favoring the players. According to the Nevada Gaming Control Board, the state’s total gaming win for August reached $1.16 billion, marking a 3.8% decrease compared to the same period
Yggdrasil has expanded its presence in the Spanish iGaming market through a strategic partnership with Paf Group to support the launch of SpeedyBet in Spain. This collaboration brings Yggdrasil’s renowned slot portfolio, including fan-favorites like Valley of the Gods 2, to SpeedyBet’s Spanish customer base, enhancing the operator’s casino offerings. The partnership between Yggdrasil and
Brazil’s Finance Ministry is positioned to potentially generate up to R$3.4 billion (approximately US$ 620 million) this year through the regulation of online gambling. This revenue projection hinges on the approval of the authorization requests received during the initial licensing phase, as indicated by the Ministry of Finance. Regis Dudena, the head of the Secretary of Prizes and
Robert Alexander, a former high-stakes gambler and the founder of the online gaming company Kizzang is scheduled to be sentenced on January 14, 2024, after pleading guilty to multiple fraud charges more than four years ago. Alexander, who once lived the life of a Las Vegas casino high roller, admitted to defrauding investors out of
Flutter Entertainment, the parent company of FanDuel, has projected that the U.S. gambling market will grow significantly, expecting it to exceed $60 billion by 2030. The latest forecast marks a notable increase of almost 60% from previous estimates made in 2022. Flutter’s stock surged by 8% following the announcement, reaching an all-time high. As part
Underdog Fantasy, a rapidly expanding sports gaming and media company, has been recognized for the second year in a row on LinkedIn’s annual list of Top Startups in the United States. Ranked at number 15 on the 2024 list, Underdog is the only sports gaming company to make the cut, reinforcing its status as an
Play’n GO invites players to venture deep into the fiery depths of Hell with their latest online slot release, Kingdom Below. Set against a backdrop of flames and danger, this 5×4 grid slot offers an exhilarating adventure where players team up with Ignis, the ruler of the underworld, in a quest for riches that are
Liquor & Gaming NSW has initiated a significant compliance blitz targeting new gaming harm minimization measures, reinforcing the state’s dedication to responsible gaming practices. In recent months, inspectors visited 528 hotels and clubs across New South Wales, scrutinizing adherence to newly instituted regulations. These include the appointment of Responsible Gaming Officers (RGOs), maintaining gambling incident registers, and implementing mandatory
The WPT World Championship festival at Wynn Las Vegas is making headlines again by hosting the largest freeroll in poker history, the ClubWPT Gold $5M Invitational Freeroll. This groundbreaking event not only continues the tradition of record-breaking tournaments but also marks the introduction of the World Poker Tour’s latest innovation, ClubWPT Gold. “In celebration of the launch of ClubWPT Gold,
Sands China Ltd. proudly announced the opening of the newly remodeled Londoner Grand Casino within The Londoner Macao resort. The casino, formerly the Pacifica, commenced operations at noon on September 26. This event marks a significant milestone in the ongoing transformation of the resort into a British-themed haven. “We are pleased to confirm that The Londoner Grand Casino
Recent findings from the American Gaming Association (AGA) reveal a substantial increase in investments toward responsible gaming initiatives across the US gaming industry. The total annual expenditure has surged to $471.8 million, marking a remarkable 72% increase from the $275 million recorded in 2017. This growth in responsible gaming spending has outpaced the revenue growth in the gaming sector
The online betting and gaming industry has seen a significant evolution over the past decade. What was once a solitary activity has now transformed into a social experience, thanks to the integration of various social features. These features are not just add-ons; they are becoming a core part of the user experience, shaping how players
The debate over gambling advertisements and their potential impact on minors has intensified in Australia, as the federal government faces mounting pressure to make a decision on proposed reforms. Opponents of a gambling ad ban, including industry representatives, are advocating for the use of age verification technology to prevent minors from accessing sports betting content.
Macau’s Financial Services Bureau reported a significant rise in gaming tax revenues for August, with a collection of MOP$7.16 billion (US$891 million). This figure represents a 4.8% increase from the previous month and an impressive 11% growth over August 2023, where the tax revenue was MOP$6.44 billion (US$799 million). These figures illustrate the steady and robust growth in the gaming
Dive into the eerie atmosphere of Boo!, a spine-chilling slot game by Big Time Gaming that brings the thrill of ghostly encounters right to your fingertips. As you navigate through an ancient graveyard, the spectral scenes unfold with each spin, offering not only a visual feast of ghostly apparitions but also a chance to win big. With every
West Texas A&M University has taken a firm stand against online gambling by prohibiting access to such sites through any university resources. WT President Walter V. Wendler announced the enforcement of this policy in a guest essay published in the Amarillo Globe-News on September 22 and further shared this directive with the campus community via email on September 23.
The historic site of Hickory Ground in Alabama, once a ceremonial and burial site for the Muscogee Nation, has become the focal point of a heated legal battle between two Native American tribes. At the center of this dispute is the 20-story Wind Creek Casino and Hotel, a $246 million development constructed by Alabama’s Poarch
The Advertising Standards Authority (ASA) has recently taken action against several social casino ads on TikTok, suggesting that players could win real-world money or tangible prizes. ASA found these claims misleading, as these particular social casinos do not offer real-money prizes. These rulings are part of a broader initiative ASA conducted in the UK to address concerns
In a notable legal victory, Aristocrat Technologies, a prominent global provider of gaming solutions, has secured a preliminary injunction against Light & Wonder. The injunction pertains to a dispute over the alleged misappropriation of trade secrets related to Aristocrat’s popular Dragon Link and Lightning Link games, which reportedly influenced the development of Light & Wonder’s Dragon Train game. Judicial findings favor Aristocrat: On