iGaming platforms developer and operator Golden Matrix Group (GMGI) reported a new quarterly record, as its revenue for the three months to 31 January grew 10% to $11.84 million. The company also reported Q1 net income of $74,505, a significant improvement from a loss of $443,521 in the same quarter last year. The company posted $1.19 million
Industry
The Philippines is poised to emerge as Asia’s second-largest gambling destination after Macau, potentially surpassing Singapore as early as next year, according to the head of Manila’s gaming agency. “If Singapore doesn’t expand, they will plateau. Don’t be surprised if next year we will surpass them,” Alejandro Tengco, Chairman and Chief Executive Officer of state
Kansas sports betting witnessed year-on-year growth in February, with consumer spending across online and retail surging by 4.6% to $203 million. This was accompanied by a more than 8,405% increase in revenue within the state. The total handle in February was above last year’s $194.0 million. However, it marked a 15.3% decline from January’s figure
London Mayor Sadiq Khan faces mounting pressure to fulfill his pledge of banning gambling advertisements from the Transport for London (TfL) network, a promise made in his 2021 election manifesto. The call for action comes amid concerns over the adverse impact of gambling addiction on individuals and families. Despite Khan’s commitment to the ban, no
The Prague Gaming and Tech Summit, a betting and gaming industry conference aimed at the Central and Eastern Europe market organized by media and events platform Hipther Agency, looks back on its journey ahead of its 2024 edition, to be held 25-27 March at Vienna House. In the rapidly evolving worlds of iGaming and technology, few events
The new Fontainebleau at the north end of the Las Vegas Strip has opened their Oasis Pool Deck. The resort calls the area six acres of serenity, opulence and unparalleled recreational bliss available to hotel guests. There are seven distinct pool experiences, four bars, two restaurants, daylife destination LIV Beach, and a 2,300 square-foot gaming
The World Poker Tour (WPT) will take place in Macau in June, a first in its 22-year-old history. Macau has long been a gambling and poker hub, having hosted some of the world’s largest cash games for years. Legendary pros like WPT ambassador Phil Ivey have called Macau home over the years. “Macau has long
Wynn Resorts has revealed a series of new renderings for its proposed casino and hotel location within Hudson Yards. The property, Wynn’s submission for the New York casino race, which will see up to three downtown casino licenses awarded, would be developed along with Related Companies and is expected to cost $12 billion. The proposed
The Maryland Lottery and Gaming Control Agency (MLGCA) has released sports betting figures for February. The state’s 13 retail and 12 mobile sportsbooks generated a handle of $442.6 million, up by 30.4% year-on-year. However, the figure was 18.8% behind the $545 million handle from January. While $428.2 million was spent online, $13.4 million was spent
B2B casino and sportsbook platform provider Soft2Bet confirmed its upcoming launch in the U.S. at the NEXT Summit New York 2024, hosted by NEXT.io. During the event, Soft2Bet showcased its Motivational Engineering Gaming Application (MEGA) solutions and engaged with key industry stakeholders in the United States. Ahead of Soft2Bet’s expected New Jersey license later this year,
The Tidelands bill, which delineates the permissible locations for casino construction along the Coast and asserts control over local harbors, received unanimous approval in the Mississippi Senate on Thursday. According to Sen. Scott DeLano (R-Biloxi), the bill has another 30 days until a final vote. Before Thursday’s vote, two amendments were introduced to Senate Bill
In recent years, responsible gaming has emerged as a paramount concern within the gambling industry. As consumers become more informed and regulations tighten, operators are increasingly prioritizing customer well-being and safety. In this analysis, Slotegrator delves into the essential aspects of responsible gaming and considers special tools to integrate responsible gambling practices into their solutions
North Carolina could become one of the country’s top 5 sports betting markets, according to expert reports. With an estimated 10.8 million people, a range of popular sports teams, and the potential for nine online sportsbooks, the state, which this month launched legal betting, has high growth potential. This is further supported by a report
Control F5, a company specializing in solutions for online gambling companies, announced that it will be present at the 32nd edition of SAGSE Latam 2024 in Buenos Aires, Argentina. The event will be held at the Hilton Buenos Aires Hotel and Convention Centre on March 20 and 21 and will be attended by more than
A recent survey conducted by the Young Gamers and Gamblers Education Trust (YGAM) and Gamstop sheds light on the financial challenges faced by university students in the UK due to gambling habits. The Annual Student Gambling Survey, in its third year, reveals gambling trends in this vulnerable group and finds that close to half of
A bill seeking a ban in the Philippines on promoting gambling activities online has been filed in the Senate. Senator Robin Padilla, who filed Senate Bill 2602, said: “Considering the evolving landscape of social media platforms, this representation has been apprised of the availability of online user-generated content relating to gambling that demonstrates, promotes, and
New Jersey’s total gaming revenue encompassing casino win, internet gaming and sports wagering grew 12% to $461.5 million in February 2024, from $412.2 million reported in the same period last year. For year-to-date, total gaming revenue stood at $1.02 billion, reflecting a 20.2% increase from $849.1 million reported in the prior year-to-date period, as per
Maryland’s House of Delegates voted to pass HB1319, a bill seeking to legalize online casinos in the state, this Saturday. The vote count stood at 92 in favor and 43 against, pushing the legislation forward during a special session held just two days before a March 18 deadline for bills to progress from the House
Wisconsin’s Oneida Casino has announced an expansion in its sports betting services, making the Oneida Casino Sportsbook mobile app accessible anywhere on Oneida Nation land, in addition to its physical casino locations. The expanded access to mobile sports betting became effective on March 13, 2024. Louise Cornelius, the General Manager of Oneida Gaming, said: “We are
The Curaçao Gaming Control Board (GCB) has issued comprehensive guidelines for operators ahead of a March 31 deadline. This deadline marks a critical juncture for operators, as registration for sub-licenses on the GCB’s portal will cease, and applications for direct licenses under the current legislation, the National Ordinance on Offshore Games of Hazard (NOOGH), will no
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