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VGT/VLT News

Camelot acquisitions drive Allwyn third quarter revenue growth

Lottery and gaming operator Allwyn International has recorded a 98 per cent increase in consolidated revenue to €2.01 billion for the third quarter of 2023.

The strong year-on-year revenue growth reflected a steady performance from existing geographies, in addition to a significant contribution from the Camelot acquisitions completed in the first [...]

1 min read

UK gambling revenue tops £15 billion in FY 2023

Total gambling revenue in the United Kingdom increased by 7 per cent in the year to 31 March 2023, reaching a new high of £15.12 billion, driven by gaming machines and online slots.

There was an average of 184,126 gaming machines installed across all UK venues in FY 2023, the second-highest [...]

1 min read

MGM Resorts unveils plans to redevelop Empire City Casino

MGM Resorts has unveiled its vision to transition Empire City Casino in New York into a full-scale casino resort if awarded a commercial casino license for its Yonkers site.

Phase one of the proposed MGM Empire City venue will include a comprehensive casino floor redevelopment and expansion, 5,000-capacity entertainment venue and [...]

4 mins read

Delaware iGaming wagers fall to $31 million in October

Delaware iGaming’s wagers fell by 18 per cent to $30.5 million in October, driven by a decline in table gaming.

Online table gaming wagers decreased by 50 per cent to $7.0 million, while video lottery bets were unchanged year-on-year at $23.5 million.

Revenue from iGaming was also down by 18 per cent [...]

1 min read
Victoria-Australia

Parliament committee calls for more gambling safeguards in Victoria

A Committee of the state parliament of Victoria has called for the introduction of further safeguards to protect the community from gambling-related harm.

The Public Accounts and Estimates Committee (PAEC) of the Australian state made its recommendations to government following an eight-month review of state Auditor-General’s reports from 2017, 2019 and [...]

1 min read

China Lottery Sales increase by 59% in October

Lottery sales in China increased by 59 per cent to RMB47.34 billion in October, with strong results for both the Welfare and Sports Lotteries.

Welfare Lottery sales increased by 41 per cent to RMB15.49 billion, led by a 93 per cent rise in instant win sales to RMB4.21 billion.

Keno was [...]

1 min read
Tabcorp

Tabcorp appoints Mark Howell as new finance chief

Australian betting and gaming operator Tabcorp Holdings has named Mark Howell as its next chief financial officer (CFO).

Howell currently leads the finance function for Coles Group’s Liquor business, Australia’s leading retail liquor network, and will commence his new role prior to June 2024.

He will bring a wealth of consumer and [...]

2 mins read

Genting returns to profit in Q3 as revenue grows to RM2.71 billion

Kuala Lumpur-listed Genting Malaysia Berhad has reported a 19 per cent increase in revenue to RM2.71 billion (€528.4 million) for the third quarter of 2023, buoyed by the continued recovery of its Resorts World casinos.

Total revenue from Leisure & Hospitality increased by 20 per cent to RM2.65 billion, with Malaysia [...]

1 min read

Norsk Tipping confirms Tonje Sagstuen as permanent CEO

Norway’s state-owned lottery operator Norsk Tipping has confirmed the appointment of Tonje Sagstuen as chief executive officer.

Sagstuen has served as interim CEO since the September departure of Thor Gjermund Eriksen.

She has been part of Norsk Tipping's senior management team since 2014, serving as deputy CEO for the past five years, [...]

2 mins read

Queensland approves Star Entertainment remediation plan

The Government of Queensland in Australia has approved The Star Entertainment Group’s remediation plan, comprising more than 100 initiatives across casino management and operations.

The plan will direct wide-ranging reforms in areas such as governance, culture, financial crime, safer gambling and risk management.

The government’s acceptance of the plan follows a string [...]

1 min read
Intralot

Intralot revenue falls to €280 million following B2C decline

Intralot has reported a 7 per cent drop in group revenue to €280.0 million for the first nine months of 2023, despite seeing an improvement in its third quarter results.

Excluding the impact from the discontinuation of its Malta operations, underlying revenue from continuing operations would have increased by 9 per [...]

1 min read
New York

New York State enhances voluntary self-exclusion process

The New York Council on Problem Gambling (NYCPG) is seeking to improve the voluntary self-exclusion (VSE) process at gaming facilities across the state with the launch of a new support program.

The free VSE Support Program will help individuals who recognize they may have a gambling problem quickly find the resources [...]

3 mins read
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