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VGT/VLT News

Bulgaria to consider gambling ad ban and other restrictions

Lawmakers in Bulgaria have introduced a bill to ban gambling advertising and combat unlicensed iGaming, amongst other measures to reduce problem gambling.

The proposed bill states that gambling addiction has increased significantly in Bulgaria over the last three years, necessitating action to curb its growth.

The bill aims to ban gambling advertising [...]

1 min read
Playtech

Playtech names Doreen Tan as new board member

London-listed gaming supplier and operator Playtech has appointed Doreen Tan as an independent non-executive director.

Playtech said that Tan will bring more than 30 years of experience to the board from senior positions in some of the largest international financial institutions.

She will join the Playtech Board on 9 July.

“I am delighted [...]

2 mins read
Churchill Downs

Churchill Downs first quarter revenue grows to record $590.9 million

Churchill Downs Incorporated (CDI) has reported record net revenue of $590.9 million for the first quarter of 2024, an increase of 6 per cent compared to a year ago.

Revenue from the company’s Live and Historical Racing segment increased by 15 per cent to $248.9 million following growth at its historical [...]

1 min read
Svenska Spel

Svenska Spel profit falls 42% in first quarter

Svenska Spel has posted a 1 per cent drop in net gaming revenue (NGR) to SEK1.96 billion for the first quarter of 2024, with results negatively impacted by the closure of two of its land-based casinos in February.

The state-owned gaming operator said that the first quarter period was marked by [...]

1 min read
Ukraine

Ukraine introduces new online gambling restrictions

The Ukrainian government is hoping to counteract the negative consequences of online gambling after introducing new restrictions on advertising and a ban on gambling by military personnel.

The restrictions were proposed by the country’s National Security and Defense Council and enacted by President Volodymyr Zelensky on 20 April.

The decree states that [...]

1 min read

PAGCOR appoints Wilma Eisma as new president and COO

The Philippine Amusement and Gaming Corporation (PAGCOR) has appointed Wilma Eisma as its new president and chief operating officer (COO).

Eisma succeeds Juanito Sanosa Jr., who resigned as president and COO in January after less than 18 months in the role.

A lawyer by profession, she brings more than twenty years of [...]

2 mins read

Holland Casino overcomes online decline as 2023 revenue grows to €817.8 million

Dutch state-owned gaming operator Holland Casino has reported an 8 per cent increase in gross revenue to €817.8 million for 2023, despite a decline in its online operations.

Buoyed by a 24 per cent increase in the number of customer visits to 5.1 million, revenue from Holland Casino’s land-based venues rose [...]

1 min read
Aristocrat Leisure

NeoGames and Aristocrat set to complete business combination next week

Sydney-listed Aristocrat Leisure is on course to complete its business combination with NeoGames next week.

The two companies confirmed Thursday that all necessary gaming regulatory approvals required for completion have been received or waived. In addition, all antitrust and foreign investment regulatory clearances have been received.

This marks a further step towards [...]

2 mins read

Mohegan Gaming names new interim chief operating officer

The Mohegan Tribal Gaming Authority has appointed Joseph Hasson as interim chief operating officer (COO) to replace Jody Madigan.

Madigan has served as COO since August 2021 but has now resigned, effective 1 August, and will be taking a leave of absence pending his departure.

He will be replaced on an interim [...]

2 mins read

888 predicts return to growth after Q1 revenue falls 3%

888 Holdings expects to return to growth in the second quarter after posting a 3% fall in group revenue to £431.2 million in Q1 2024.

The year-on-year fall in first quarter group revenue was driven by a 10 per cent fall in betting revenue to £159.0 million, which offset growth of [...]

1 min read
Pennsylvania

Pennsylvania gambling revenue surpasses $550 million in March

Pennsylvania posted record gambling revenue of $554.6 million in March, a year-on-year rise of 8 per cent and beating the $534.2 million record set in December 2023.

Almost all of Pennsylvania’s growth in gambling revenue came from iGaming, which had a 29 per cent increase in revenue to a new monthly high [...]

1 min read

Vibra Gaming unveils new VLT division for LatAm expansion

Latin America focused games provider Vibra Gaming has launched a new retail video lottery terminal (VLT) division following its initial success in several Brazilian states.

In combination with its current online casino and sportsbook platform offering, Vibra VLT has been GLI-certified, with terminals to be rolled out in Brazil, Mexico and [...]

2 mins read
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