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VGT/VLT News

Belgium adopts new gambling advertising bill

Belgium’s new gambling advertising restrictions will come into force in less than four months.

Following publication in Belgium’s Official Gazette this week, the new law will come into force on July 1, 2023, although some of the restrictions around sport sponsorship will be phased in to allow for existing agreements to [...]

1 min read

Everi adds Debra Nutton to board of directors

New York-listed gaming supplier Everi Holdings has expanded its board with the appointment of Debra Nutton as an independent director.

Nutton is currently an executive coach and gaming consultant with more than four decades of gaming industry experience.

She previously served as executive vice president of casino operations for Wynn Las Vegas [...]

3 mins read
Entain

Retail recovery drives Entain revenue growth but profit falls 93%

London-listed betting and gaming operator Entain grew full year net gaming revenue by 12 per cent to £4.35bn in 2022, with growth in retail operations offsetting a slight decline online.

Total online net gaming revenue (NGR) was below the company’s expectations and fell by 1 per cent to £3.05bn in 2022, [...]

1 min read

Veikkaus revenue falls to €1.07bn in 2022

Finland's state-owned gaming operator Veikkaus has reported a 3 per cent fall in gross gaming revenue (GGR) to €1.07bn in 2022, following declines in the lottery and sports betting segments.

The year was the first full year since the start of the coronavirus pandemic when all of Veikkaus’ gaming halls and [...]

1 min read
Loto-Quebec

Loto-Québec revenue climbs to CAD$2.2bn

Canadian provincial lottery operator Loto-Québec has reported a 31 per cent increase in total revenue to CAD$2.23bn for the first nine months of its 2022/23 fiscal year.

The strong performance was driven by a 22 per cent increase in revenue to $758.9m in the fiscal third quarter ended 26 December, which [...]

1 min read

Full House Resorts sees 2022 revenue decline 9%

US casino operator Full House Resorts has recorded a 9 per cent fall in revenue to $163.3m in 2022, after posting another decline during the final quarter of the year.

Fourth quarter revenue fell by 17 per cent to $36.1m, marking the company’s fourth consecutive quarter of year-on-year revenue decline.

Revenue from [...]

1 min read
Philippines Flag

Philippines gambling revenue jumps 90% in 2022

Total PAGCOR-regulated gaming revenue in the Philippines soared by 90 per cent in 2022 to PHP214.3bn (€3.6bn), with revenue in the final quarter of the year above PHP65bn.

Casino gaming accounted for 86 per cent of revenue at PHP184.0bn in 2022, as casino revenue in the fourth quarter returned to the [...]

1 min read

South Dakota gambling turnover flat at $113m in January

Total gambling turnover in South Dakota remained unchanged in January compared to a year ago at $113.0m.

Slot machine wagering was up by less than 1 per cent at $105.6m, with 1 cent denomination machines contributing $83.5m (79 per cent) of the total. $1 machines were the second biggest contributor with [...]

1 min read
Golden Entertainment

Golden Entertainment agrees sale of distributed gaming operations

Golden Entertainment has agreed a deal to sell its distributed gaming operations in Nevada and Montana for an aggregate cash consideration of $322.5m.

J&J Ventures Gaming will acquire Golden’s distributed gaming operations in Nevada for $213.5m plus an estimated $34m of purchased cash, and Golden’s distributed gaming operations in Montana for [...]

1 min read

Macau gambling revenue increases by 33% in February

Macau’s land-based casinos continued their good start to 2023 with revenue of MOP10.3bn (€1.2bn) in February, a year-on-year increase of 33 per cent.

This marked the first time since before the pandemic that Macau has seen two consecutive months with gaming revenue above MOP10bn.

Whilst February’s growth was not as impressive as [...]

1 min read
BCLC

MGM Resorts and BetMGM extend GameSense deal with BCLC

MGM Resorts and BetMGM have agreed a five-year contract extension with the British Columbia Lottery Corporation (BCLC) for the use of the responsible gaming program GameSense.

The program was first licensed by BCLC to MGM Resorts in 2017, providing players across North America with access to tools and resources that support [...]

3 mins read

Finland set to amend Lottery Act to end disbursements to social causes

The President of Finland is expected to approve legislation today that will end the disbursement of Veikkaus’ profits to social causes.

In future, all profit from the state-owned gambling monopoly will be directed to the state budget.

The government claims that the change will aid responsible gambling efforts by ending the link [...]

1 min read
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