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VGT/VLT News

Pennsylvania

Pennsylvania full year gambling revenue tops $5bn for first time

Pennsylvania’s licensed betting and gaming operators generated record revenue of $5.04bn during the state's 2021/22 fiscal year, although revenue in June grew by just 0.2 per cent compared to the same period last year.

Total revenue from all forms of regulated gambling reached $389.8m in June, driven by growth from iGaming, [...]

1 min read
Svenska Spel

Svenska Spel’s online revenue falls 5% in first half of 2022

Swedish gaming operator Svenska Spel has posted a 1 per cent drop in net gaming revenue (NGR) to SEK3.9bn (approx. €369.6m) for the first half of 2022, despite improved results from the company’s land-based operations.

The company’s first half results were weighed down by a 16.5 per cent drop in NGR [...]

1 min read

New Jersey gambling revenue grows despite June sportsbook decline

New Jersey’s casinos, racetracks and their partners recorded a 2 per cent increase in total betting and gaming revenue to $401.5m in June, despite seeing a significant decline in sports betting.

Land-based casino win from the state’s nine licensed casino properties increased by 7 per cent year-on-year to $229.1m, with June [...]

1 min read
Detroit, Michigan

Michigan commercial casino revenue falls to $98.6m

Michigan’s three commercial casinos in Detroit have reported a 9 per cent year-on-year decline in monthly aggregate revenue to $98.6m in June.

Aggregate revenue fell for the second consecutive month, with revenue from land-based slots and table games down 7 per cent at $98.2m, and retail sports betting revenue slumping 80 [...]

1 min read

UK National Lottery licence process suspended as Gambling Act white paper said to be delayed

The process to award the next UK National Lottery licence to Allwyn Entertainment has been suspended, with the publication of the Gambling Act review also expected to be put on hold until at least September.

The process to award the National Lottery licence has been suspended once again after incumbent lottery [...]

1 min read

DCMS commits to publishing UK gambling review within weeks

The leadership contest to choose a new leader of the Conservative Party is unlikely to cause a significant delay in the publication of the Gambling Act review whitepaper.

Nigel Huddleston, the parliamentary under-secretary of state for Digital, Culture, Media and Sport (DCMS), told parliament Thursday that the government intends to publish [...]

1 min read

UK Gambling Review submitted to PM as responsible Minister resigns

Chris Philp, the Minister responsible for gambling in the UK, has become the latest senior figure to abandon Boris Johnson’s administration, just as the government review of gambling legislation nears completion.

Philp resigned as Minister for Tech and the Digital Economy this morning (7 July), saying that he could no longer [...]

2 mins read

Danish gambling market grows despite sports betting and iGaming decline

Denmark’s regulated betting and gaming market was again boosted by the land-based sector as total gross gaming revenue (GGR) reached DKK572m (€76.9m) in May.

Total GGR rose 11.5 per cent compared to the same period last year, despite continued declines from the sports betting and online casino segments.

Sports betting GGR declined [...]

1 min read
Entain

Entain lowers online growth expectations as customer spend declines

London-listed betting and gaming operator Entain has reported an 8 per cent increase in net gaming revenue for the second quarter of the year, with growth in retail offsetting lower revenue online.

Like-for-like retail net gaming revenue (NGR) climbed 79 per cent year-on-year following the lifting of Covid restrictions, with the [...]

1 min read
888 Holdings

888 Holdings completes William Hill International acquisition

London-listed betting and gaming operator 888 Holdings has completed its acquisition of William Hill’s non-US business from Caesars Entertainment.

Following completion, 888 has confirmed its new executive leadership team, with William Hill’s former CEO Ulrik Bengtsson and chief financial operator Eric Hageman leaving the group.

The enlarged 888 group will continue to [...]

3 mins read

Nevada gambling market grows to $1.3bn in May

Nevada’s gambling market generated its fourth highest revenue total in May as total gaming win increased by 6 per cent year-on-year to $1.30bn.

Benefiting from increased international travel to Las Vegas, gaming win from state-wide casinos topped $1bn for the 15th consecutive month.

Slot Machines remained the most popular form of gambling [...]

1 min read

New Zealand announces new strategy to prevent gambling harm

New Zealand’s government is investing more than NZ$76m on measures to prevent and minimise harm caused by gambling.

The Labour government claims that one in five New Zealanders will experience gambling harm in their lives, with its new Strategy to Prevent and Minimise Gambling Harm set to be the most significant [...]

1 min read
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