Analysts estimate that Macau’s casinos have exceeded US$1 billion in cumulative Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the first quarter of 2023, marking the highest figure since the Covid-19 pandemic began in early 2020. The total Gross Gaming Revenue (GGR) for the first quarter of the year has reached MOP34.64 billion (US$4.29 […]
The Finnish government study supporting the gambling monopoly system has been lauded by Veikkaus, the state-owned gaming business. The recently released report, which examined the state of the gambling market in Finland and its effectiveness in directing consumers towards Veikkaus, has garnered praise from the state-owned gaming business. The study concluded that maintaining the current […]
Catena Media to Collaborate with Lee Enterprises across All Brands, Expanding to 77 Markets in 26 US States. Catena Media Secures Three-Year Partnership to Provide Online Sports Betting and Casino Content to Lee Enterprises, Exclusive Partner for All Brands across 77 Markets in 26 US States. As part of the agreement, Catena Media will publish […]
The proposed 15% tax rate on gross gambling revenue in Brazil has raised concerns, with a prominent stakeholder arguing that the actual effective rate could be as high as 26.25% when factoring in additional contributions. Brazil sports betting tax On April 12th, the Ministry of Finance in Brazil conducted a public hearing in Brasilia, wherein […]
Wazdan Partners with Caesars Sportsbook & Casino in Ontario after Obtaining License from Alcohol and Gaming Commission of Ontario in May 2022. Following Wazdan’s acquisition of a license from the Alcohol and Gaming Commission of Ontario in 2022, an exciting new agreement has been reached with Caesars Sportsbook & Casino. As part of this collaboration, […]
The recently established federal gambling regulator, Gemeinsamen Glücksspielbehörde der Länder (GGL), has officially added Jackpot50 to its whitelist for online gambling. This means that Jackpot50 has been granted approval to operate its online gambling platform, Jackpot50.de, in compliance with the regulatory requirements set forth by the GGL. Currently, there are only 33 active POGO license […]
The consultation period for the proposed ban on the use of athletes and celebrities in online gambling advertisements by the Alcohol and Gaming Commission of Ontario is open until May 8th. The AGCO in Ontario is recommending a modification to internet gambling advertising regulations with the goal of reducing the potential harm to minors. As […]
Lottstift, the Norwegian gambling regulator, has announced plans to actively monitor and take action against companies that unlawfully target Norwegian players. As part of its efforts, Lottstift will be launching a robust DNS-blocking campaign in the coming year to target unlicensed online gambling operators. The Norwegian gambling regulator, Lottstift, has recently been bestowed with new […]
The Ukrainian gambling regulator, known as KRAIL, has taken action against several operators in the past by cancelling their licenses. Recently, KRAIL has suspended two state lotteries, including an instant win lottery and a numerical draw. The Ukrainian Commission for the Regulation of Gambling and Lotteries (KRAIL) has officially confirmed the suspension of two state […]
In October, Caesars Entertainment and SL Green unveiled their casino plans. Since then, several theater owners have joined the “No Times Square Casino Community Coalition”. The Broadway League, an association of theater owners and producers, has joined forces with restaurant owners to oppose Caesars Entertainment’s proposal for a casino in Times Square. The “No Times […]