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Delaware sports and iGaming wagers fall to $35 million in August

The Delaware Lottery has reported a 12 per cent fall in sports betting and iGaming wagers to $34.8 million for the month of August.

iGaming wagers were down 12 per cent to $32.4 million. Table game wagers fell by 39 per cent to $9.2 million, but video lottery wagers increased by [...]

1 min read

China Lottery sales grow to RMB53 billion in August

Sales of China’s Welfare and Sports Lotteries grew by 54 per cent to RMB53.0 billion (€6.9 billion) in August, marking the highest monthly sales figure of 2023 to date.

Welfare Lottery sales jumped by 47 per cent to RMB18.6 billion, helped by a 140 per cent increase in instant win sales [...]

1 min read
Flutter Entertainment

Flutter Entertainment expands Balkans presence with MaxBet acquisition

Flutter Entertainment has acquired an initial 51 per cent stake in Serbian sports betting and gaming operator MaxBet.

Flutter will acquire the majority stake for €141m on a debt and cash free basis, with a further payment to be made if MaxBet exceeds its expected financial performance in 2023.

Flutter also has [...]

1 min read

Holland Casino grows first half revenue despite iGaming decline

Dutch state-owned gaming operator Holland Casino has reported a 15 per cent increase in revenue to €405.3 million for the first half of 2023, despite posting a significant decline from its online operations.

Holland Casino said there was a recovery in visitor numbers during the first half period, with around 2.5 [...]

1 min read
Deadwood, South Dakota

South Dakota gambling hits $168 million in August

South Dakota’s gambling market recorded its strongest performance of the year in August as turnover reached $167.7 million, helping gambling turnover since the start the year to exceed $1 billion.

Slot machines were the largest sector by handle in South Dakota, with a 1 per cent increase in turnover to $158.2 [...]

1 min read

Star Entertainment looks to raise $1.2 billion

Sydney-listed casino operator Star Entertainment is looking to raise AUD$1.2 billion as part of a new capital raising and refinancing deal to strengthen its balance sheet.

Having raised $800 million from shareholders in February of this year, the embattled casino operator is tapping shareholders for another $750 million in equity raising, [...]

1 min read

Delta Corp vows to challenge €1.9 billion gaming tax bill

Shares in Indian gaming operator Delta Corp fell to a new 52-week low Monday after the company revealed a tax bill of INR168.2 billion (approx. €1.9 billion).

The tax bill amounts to more than double the company’s market capitalisation and includes interest and penalties for the period from July 2017 to [...]

1 min read
Entain

Entain shares dip on slower Q3 revenue growth

London-listed betting and gaming operator Entain said Monday that it expects full year EBITDA to surpass £1.0 billion, despite seeing softer than expected revenue growth during the third quarter of 2023.

In a trading update for the period 1 July to 22 September, Entain revealed that online net gaming revenue (NGR) [...]

1 min read

Arkansas reports gambling revenue of $55 million in August

Gambling revenue at Arkansas’s three land-based casinos grew by 11 per cent to $55.3 million in August.

Land-based gaming accounted for the majority of revenue and was 9 per cent higher at $53.6 million, of which slot machines accounted for $47.5 million, up by 10 per cent, and table gaming was [...]

1 min read

Bally’s adds compliance and global responsibility roles to leadership team

Bally's Corporation has brought in experienced gaming executives Don Westcott and Tammi Barlow to support the company’s ongoing commitment to compliance and global responsibility.

Westcott joins Bally’s as senior vice president and global chief compliance officer, bringing more than 25 years of experience from the financial technology and gaming industries.

Most recently, [...]

2 mins read

Sweden proposes gambling tax increase from July 2024

The Swedish government is proposing an increase in gambling tax from 18 per cent to 22 per cent of gross gaming revenue (GGR) from next July.

In its 2024 Budget, the Swedish government said that the tax increase should be “well balanced” to avoid a negative impact on licensed gambling companies [...]

1 min read
Pennsylvania

Pennsylvania iGaming revenue grows by 35% in August

Pennsylvania’s iGaming revenue grew by 35 per cent to $145.0 million in August, and helped take the state’s total monthly gambling revenue to $457.2 million.

Online slots had record revenue in August, up by 39 per cent to $105.3 million, with online table gaming adding $37.3 million and online poker $2.4 [...]

1 min read
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