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Gambling News Archive

Tuesday, 31st July 2018
IGT's revenue almost flat-lined for the second quarter of 2018, due to the sale of its DoubleDown social casino subsidiary and jackpot expenses. The total revenue of $1.2bn was a 1% year-on-year decrease...
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Tuesday, 31st July 2018
Sports data and technology provider Genius Sports Group is set to be acquired by Apax Partners. Apax Partners, an independent global partnership, solely focuses on long-term investment in growth companies...
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Tuesday, 31st July 2018
MGM Resorts will be the first operator to launch sports betting in Mississippi on Wednesday, 11 days after regulation was passed in the state. Sports betting will be available at two MGM casinos in the...
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Tuesday, 31st July 2018
Russia’s President Vladimir Putin has signed a law which will clamp down on illegal gambling organisations. According to the law, any unlicensed gambling that takes place outside of specific areas...
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Tuesday, 31st July 2018
GameAccount Network (GAN) has announced it will be bringing sports betting to Parx Casino in Pennsylvania. The developer announced the partnership with Greenwood Gaming & Entertainment, which trades...
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Monday, 30th July 2018
Caesars Entertainment is “moving quickly” to open sports betting facilities in both New Jersey and Mississippi. Sports betting was recently legalised in both states following the Supreme Court's...
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Monday, 30th July 2018
The President of Ireland has called for a ban on gambling advertising in sport. President Michael Higgins said in a radio interview on RTÉ Radio 1’s Sunday Sport: "If I had my way, I wouldn't...
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Monday, 30th July 2018
The Philippine Amusement and Gaming Corporation (PAGCOR) has issued Hong Kong’s Landing International Development a licence to build a $1.5bn integrated resort (IR) in the capital dubbed "Nayon Landing," ...
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Monday, 30th July 2018
Operator MGM Resorts has announced an equal partnership with GVC Holdings to launch land-based and online sports betting in up to 15 states. GVC and MGM will initially contribute $100m each to the venture. The...
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Friday, 27th July 2018
The Massachusetts Gaming Commission (MGC), which voted against a $677m casino-and-hotel complex for Brockton two years ago, said it will reconsider the project later this September.   In the meantime,...
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Friday, 27th July 2018
The Driving Arkansas Forward (DAF) campaign group has been given an extra 30 days to get enough signatures for a casino proposal to be included in November’s general election ballot. The proposal...
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Friday, 27th July 2018
The UK wagered £1.5bn ($1.9bn) on the FIFA World Cup, according to an H2 Gambling Capital study. This betting was driven by England reaching the semi-final of the competition for the first time...
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Friday, 27th July 2018
The Rank Group is celebrating its success in hitting a fundraising milestone of £2m ($2.6m) for the Carers Trust charity. The operator entered into a partnership with the charity in February 2014. John...
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Friday, 27th July 2018
Penn National Gaming said it intends to be an advocate for the legalisation of sports betting across the US, as the company announced a strong set of Q2 results. Net revenues reached $826m in the second...
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Friday, 27th July 2018
US casino operator Boyd Gaming reported revenues of $616.8m for the second quarter of 2018, up 2% year-on-year. Operating income was up 8% to $96.2m, while net income dropped one fifth to $38.9m. For...
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Friday, 27th July 2018
Nevada Gold & Casinos have reported a significant drop in year-on-year revenue for the final quarter of the fiscal year ending 30 April 2018. The company reported net revenues of $18.5m for the fourth...
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Friday, 27th July 2018
Sportradar, a multinational sports data firm, has announced a major expansion of its Asian operations, with the opening of a new 2,800-sqft office in Singapore. The group said that the launch of its new...
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Thursday, 26th July 2018
Highstreet bookmakers across the country may expect to receive billions of pounds in VAT refunds from HM Revenue & Customs. The news comes after a tribunal ruled in favour of Betfred after the sports...
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Thursday, 26th July 2018
International betting integrity body ESSA has reported 62 cases of suspicious betting activity during the second quarter of 2018, involving eight different sports. ESSA said that tennis was the most reported...
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Thursday, 26th July 2018
Gamenet Group has entered into an agreement to acquire fellow Italian operator GoldBet for €265m ($310m), a deal which sees the company become the market leader in Italy. Rome-based Gamenet are already...
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Thursday, 26th July 2018
Casino operator Crown Resorts are scheduled to appear in court next month, as they challenge a AUS$362m ($270m) tax bill, after the tax office refused leniency. The tax bill is 5% more than Crown’s...
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Thursday, 26th July 2018
In an update to investors, Olympic Entertainment reported a 2.2% year-on-year increase in its revenue during the first six months of 2018, generating a total sum of €106.6m ($140.5m). In terms of...
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Thursday, 26th July 2018
Thanks to its success in Macau, the Las Vegas Sands Corporation has seen its net revenue increase 6.2% year-on-year during the Q2 period to $3.3bn. Net income for the US operator was also up 5.8% to $676m...
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Thursday, 26th July 2018
Kristian Nylén, CEO of Kambi Group, speaks to Gambling Insider about the supplier's financial results for the second quarter of 2018 and delves into its plans for the US. This period...
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Wednesday, 25th July 2018
Hong-Kong listed casino operator Melco Resorts & Entertainment saw its year-on-year net revenue decrease by 5% between April and June to approximately $1.2bn.Melco said the adoption “of a new...
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Wednesday, 25th July 2018
Sportradar’s US Vice President of Sales is anticipating Chicago will be an important US market should the state of Illinois regulate sports betting, after agreeing a data services deal with news...
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Wednesday, 25th July 2018
Sports betting supplier Kambi Group has reported a 25% year-on-year increase in revenues to €17.6m ($20.6m) for the second quarter of 2018. Operating profit (EBIT) was €2.4m for Q2, with a margin...
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Wednesday, 25th July 2018
The Advertising Standards Authority (ASA) has banned an ad for the Starburst slot game on Karamba.com after receiving a complaint. The complainant challenged an ad on the site, titled “Tips and...
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Wednesday, 25th July 2018
Net revenue for US casino operator Monarch Casino & Resort went up about 3% year-on-year for the second quarter of 2018, to $59.9m. Half-year net income rose by 32% to $15.9m and gross revenues were...
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Wednesday, 25th July 2018
Kindred Group reported a 31% year-on-year increase in gross winnings revenue for the second quarter of 2018, to £219m ($288m). The operator also reported an underlying EBITDA of £41.7m, growing...
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Tuesday, 24th July 2018
The Meadowlands Racetrack generated approximately $3.5m during the first nine days the operator began to offer sports wagering at the venue. Most of its revenue was generated from the two weekends that...
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Tuesday, 24th July 2018
Chinese authorities have shut down a gambling ring, which bet on virtual red packets on the WeChat social media app. Over the course of a year, authorities in Shenzhen have arrested 71 people for engaging...
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Tuesday, 24th July 2018
A large study showed about 12% of people surveyed placed a bet on the FIFA World Cup, with SkyBet being the most popular operator. YouGov surveyed 2061 adults in Britain and found 30% of those surveyed...
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Tuesday, 24th July 2018
A record €466m ($544m) was wagered on the FIFA World Cup by bettors in Italy, even though the national team did not qualify for the tournament for the first time in 60 years. According to Italy’s...
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Monday, 23rd July 2018
SBTech will be the omni-channel sports betting provider for operator Golden Nugget’s online casinos. This partnership will see SBTech integrate its sportsbook with Golden Nugget’s i-gaming...
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Monday, 23rd July 2018
The upper house of the Japanese Diet enacted a bill on Friday authorising the development of casinos in Japan. The Integrated Resorts Implementation Act will allow for the construction of three IR facilities,...
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Monday, 23rd July 2018
Twin River Worldwide Holdings is to merge with fellow operator Dover Downs Gaming & Entertainment. Twin River is based in Rhode Island, which legalised sports betting last month, where it operates...
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Monday, 23rd July 2018
Racing Australia, the governing body for Australia’s thoroughbred racing, is set to introduce strict new rules to tackle illegal offshore betting operators. According to the Sydney Morning...
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Monday, 23rd July 2018
Morgan Stanley has reduced its EBITDA forecast for MGM China Holdings Ltd by a staggering 12%.  Analysts said they expect MGM China to report an EBITDA of HKD4.86bn ($619.24m) for the year. Additionally,...
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Monday, 23rd July 2018
The Chief International Officer of operator DraftKings has called for more regulation in social gaming, labelling the current situation "preposterous."   Jeffrey Haas is unhappy players are not...
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Friday, 20th July 2018
Legalised gambling has raised $2.5bn in taxes in Colombia over the last six years, contributing considerably to the Subsidized Health System for Colombian citizens. Coljuegos, the country’s...
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Friday, 20th July 2018
GambleAware has announced that it will be doubling its annual spending to £16m ($20.8m). The UK-based charity’s new Strategic Delivery Plan for 2018-20 outlined funding would be used for research...
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Thursday, 19th July 2018
A bill authorising the opening of casinos in Japan is set to be approved by parliament. According to GGRAsia, the Integrated Resorts Implementation Bill overcame its penultimate hurdle, after it was passed...
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Thursday, 19th July 2018
Tabcorp is set to pay £39.5m to News UK in order to put an end to their unsuccessful joint venture, Sun Bets. Sun Bets was launched in 2016 when the site attracted over 300,000 registered users...
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Thursday, 19th July 2018
Evolution Gaming have released their figures for Q2, reporting an increase in operating revenues to €59.3m ($68.8m) marking a 40% year-on- year increase for the operator. Evolution's EBITDA...
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Thursday, 19th July 2018
Betsson AB has seen its revenues rise 12% during the first half of 2018, as the Swedish online gaming specialist has been buoyed by the World Cup and growth in Western Europe. Revenue totalled $286m between...
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Thursday, 19th July 2018
Google has already altered its policy page ensuring its conformity with Italy’s controversial ‘Dignity Decree’ law, which prohibits almost all forms of gambling advertising and sponsorship. Google’s...
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Thursday, 19th July 2018
The Dutch Parliament is considering reviewing new amendments to the Netherlands’ Remote Gambling Bill. The Minister for Legal Protection of the Netherlands, Sander Dekker proposed a revised framework...
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Wednesday, 18th July 2018
Melco International has received over 34,000 visitors at its Cyprus Casinos (C2) within the first three weeks opening. Cyprus Casino (C2) opened on the 28June and operates out of a temporary structure...
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Wednesday, 18th July 2018
Sports betting and gaming company, GVC Holdings said that it has experienced a rise in revenue growth heading into this summer’s World Cup. GVC Holdings PLC reported an 8% increase in full-year...
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Wednesday, 18th July 2018
Konami Gaming, Inc. announced a number of senior management promotions yesterday thanks to company growth and expansion. Konami have promoted Shanna Grimes to vice president of human resources, Gary Snobel...
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Wednesday, 18th July 2018
The State of Pennsylvania has recorded its best fiscal year to date for the gross revenue on slots and table games, according to figures from the Pennsylvania Gaming Control Board (PGCB). The total revenue...
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Tuesday, 17th July 2018
Daily fantasy sports operator DraftKings has reached a sports-betting licensing agreement with the del Lago Resort & Casino in New York. The deal will see DraftKings establish a physical sportsbook...
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Tuesday, 17th July 2018
A total of 233 people have filed requests to be banned from casinos in Macau in the first six months of 2018, up from 179 in the first half of 2017. While 200 of those requests were for self-exclusion,...
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Tuesday, 17th July 2018
Golden Entertainment is to acquire two new casinos in Laughlin, Nevada from fellow operator Marnell Gaming. Marnell Gaming will sell the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel...
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Tuesday, 17th July 2018
Parx Casino was the first operator to apply for an online gambling licence in Pennsylvania, with the plan for GAN to be its software platform provider. Mount Airy and Stadium Casino then followed suit...
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Tuesday, 17th July 2018
Following the UK Gambling Commission’s (UKGC) calls to reduce the rate of problem gambling in the industry, William Hill announced a new campaign to try to help those who have a gambling addiction. According...
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Tuesday, 17th July 2018
The UK Gambling Commission's chairman outlined its three year plan which will help “treat the consumer more fairly” in the organisation's annual report, released last week.  William Moyes,...
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Tuesday, 17th July 2018
Caesars have finalised the acquisition of property holding company, Centaur Holdings, for $1.7bn. The deal will see the Las Vegas casino giants pay $1.625bn upfront, $75m of which is deferred for consideration. The...
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Monday, 16th July 2018
New Jersey sportsbooks took $16.4m in sports wagers in the first two weeks after the activity was made legal. According to the state's Division of Gaming Enforcement, sportsbooks at the Ocean Resort,...
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Monday, 16th July 2018
Bangkok police have arrested 4700 people in relation to illegal sports-betting offences during the Fifa World Cup, according to local reports.   Almost 200,000 baht ($6000) in cash was seized, Police...
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Friday, 13th July 2018
The UK's Competition and Markets Authority (CMA) has issued an initial enforcement order to launch an investigation into the Stars Group's £3.4bn acquisition of SkyBet. Stars Group, owner of PokerStars,...
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Friday, 13th July 2018
NetEnt, the Swedish-based gaming solutions provider, saw revenues grow 7.6% year-on-year during the first half of 2018, totalling $97m for the Q2 period. Revenue for NetEnt increased 5.9% year-on-year...
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Friday, 13th July 2018
Guangdong province police have broken up an illegal World Cup betting ring, involving more than 10bn yuan ($1.5bn) of cryptocurrency bets. The gambling platform was run on the dark web, a service which...
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Friday, 13th July 2018
Caesars Entertainment has completed the sale of the Octavius Tower to real-estate investment trust VICI Properties for $507.5m. The property will be leased back to Caesars for $35m per year. VICI, a...
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Thursday, 12th July 2018
GAN, supplier of online gaming software, has announced the launch of a real-money online casino and a simulated gaming for New Jersey’s Ocean Resort Casino. Ocean Resort guests who are currently...
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Thursday, 12th July 2018
Sweden’s Gambling Authority has released information regarding how to apply for a license in the new re-regulated gambling market. A new gambling law is set to come into effect in Sweden on 1 January...
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Thursday, 12th July 2018
Churchill Downs Inc (CDI) announced that they have cancelled its plans to purchase Lady Luck Casino in Vicksburg, Mississippi from Eldorado Resorts Inc (ERI). Earlier this year, CDI agreed to purchase...
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Thursday, 12th July 2018
Australian online sports betting operator Sportsbet have been successful in a federal court injunction, which will prevent CrownBet from rebranding themselves as ‘Sportingbet’. CrownBet, who...
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Thursday, 12th July 2018
Kambi, the Swedish-based sports betting platform and software provider, has continued it 2018 success with the signing of another agreement, this time to provide its sportsbook services to the Latvian...
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Wednesday, 11th July 2018
PaddyPower Betfair and FandDuel have confirmed the completed merger of their US businesses, creating the largest online sports destination in the US. The new company will operate as part of FanDuel Group, consisting...
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Wednesday, 11th July 2018
The company behind PokerStars, The Stars Group Inc, announced on Tuesday via a press release that it has completed its previously announced acquisition of Sky Betting & Gaming in a cash and stock transaction...
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Wednesday, 11th July 2018
The Philippine Amusement and Gaming Corporation (PAGCOR) are at risk of losing their tax exemptions due to a tax reform bill which is under review from Congress. The Philippine Government is considering...
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Tuesday, 10th July 2018
In a bid to tackle problem gambling related issues, mobile banks have now introduced measures that would allow customers to block any gambling related transactions.  According to statistics, gambling...
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Tuesday, 10th July 2018
Casino mogul James Packer has resigned from the board of his family private investment company, Consolidated Press Holdings, due to mental health issues. According to a Bloomberg report, the Australian...
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Tuesday, 10th July 2018
Over the weekend Japan was hit by torrential rain and landslides which have caused over 140 deaths in the country. This has prioritised recovery efforts on the Japanese Diet’s agenda and has pushed...
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Tuesday, 10th July 2018
New Jersey racetrack Monmouth Park, who took the first legal sports wager in the state are looking for $150m in lost revenue after they were “wrongfully” blocked from taking sports bets in...
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Tuesday, 10th July 2018
Sportradar has announced two new partnerships, one with Canada pension Plan Investment Board (CPPIB) and one with TCV, a growth equity firm based in Silicon Valley. Both CPPIB and TCV together acquired...
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Tuesday, 10th July 2018
Theresa May’s government was teetering precariously after the sensational resignations of two top of Britain’s Cabinet ministers, Foreign Secretary Boris Johnson and Brexit Secretary David...
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Monday, 9th July 2018
Wynn Resorts Ltd's legal counsel Kim Sinatra has resigned, another high-profile departure from the Las Vegas casino operator after Steve Wynn stepped down in February amid sexual misconduct allegations.Sinatra,...
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Monday, 9th July 2018
More than 7,000 punters have visited southern Cyprus’ first legal casino since Melco International Development opened the doors on 28 June, but the footfall is less than expected.  “It...
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Monday, 9th July 2018
Las Vegas Sands Corp CEO Sheldon Adelson is reportedly hoping to expand the company’s Asia operations to include an unlikely destination: North Korea. Adelson, believed to be worth more than $40bn,...
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Monday, 9th July 2018
Veltyco Group plc, the gaming website promoter, has terminated plans to acquire Ruleo Alpenland GmbH, operator of the BTTY branded sportsbook in Germany and Austria. The decision, announced on Monday,...
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Friday, 6th July 2018
The Dutch Gambling Authority's Chief Executive, Marja Appelman, is set to leave the organisation after five years of service in the role. Appelman is set to take the post of Executive Director of the...
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Friday, 6th July 2018
Macau International Airport (MIA) has recorded a 20% rise in the amount of passengers it handles, as visitors from Mainland China, Taiwan, and South East Asia have increased. Over 4 million passengers...
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Friday, 6th July 2018
The Law Commission of India (LCI) has recommended the legislation of regulated sports betting and gambling activities, according to a new legal report. The report, “Legal Framework: Gambling...
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Friday, 6th July 2018
Mississippi casinos are preparing for the launch of sports betting in the state which is going live on 21 July. The Mississippi Gaming Commission (MGC) has received applications from five commercial casinos...
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Friday, 6th July 2018
Gibraltar has increased its license fees and lowered gross revenue taxes for gambling companies, in an attempt to hold onto operators in the event of a nasty Brexit. The country's Minister for Financial...
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Thursday, 5th July 2018
Japanese Prime Minister Shinzo Abe and coalition partner Natsuo Yamaguchi confirmed this week that they are committed to passing the Integrated Resorts (IR) Implementation Bill during the extended session...
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Thursday, 5th July 2018
Beautiful British Columbia has been hiding a dirty little secret: Canada’s westernmost province has laundered at least $100m through its casinos for more than a decade. The exact amount won’t...
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Thursday, 5th July 2018
The World Series of Poker (WSOP) Main Event prize pool currently stands at over $74m thanks to a Day 1c record turnout of 4,571 players, which saw the overall field becoming the second largest in the events...
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Thursday, 5th July 2018
Florida’s residents may get a vote on whether to authorise more casino gambling under a constitutional amendment proposal that would wrestle power away from politicians.Almost 850,000 residents have...
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Wednesday, 4th July 2018
Bet365 Group has reached a deal with the newly-opened Hard Rock Hotel & Casino Atlantic City to provide sports betting services. The partnership was detailed via a letter released by the New...
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Wednesday, 4th July 2018
A Ladbrokes trader “deliberately shortened the price” on a horse called Tango Sky prior to a 2015 race to effect the deduction rate, the UK Gambling Commission said in a ruling published on...
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Wednesday, 4th July 2018
Atlantic City’s new Hard Rock casino resort has started taking bets online days after opening its doors on the boardwalk. The casino went live with its internet gambling operation less than a week...
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Wednesday, 4th July 2018
Malta's gambling industry directly contributed €1.1bn ($1.28bn) to the economy with about 9,800 people employed in the sector by the end of 2017, the Malta Gaming Authority (MGA) said in its annual...
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Wednesday, 4th July 2018
Slovakia has seized 80 gaming machines from venues across the country and confiscated tax documents from 14 companies in a crackdown on suspected illegal operators. Over 100 raids were carried out...
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Tuesday, 3rd July 2018
Italy’s Council of Ministers has approved a blanket ban on gambling advertising to start 1 January 2019, although companies with existing advertising agreements have been given more time to comply...
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Tuesday, 3rd July 2018
Atlantic City's Ocean Resort Casino flung open its doors over the weekend, hoping to lure crowds with celebrity guests including actor Mark Wahlberg, who placed the first wager. The actor bet $100...
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Tuesday, 3rd July 2018
The Plaza casino-hotel in Las Vegas has reached a tentative deal with more than 300 bartenders, food servers and other casino workers who threatened to strike over wages and job security. The Plaza's...
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