Industry
September 20, 2021
Player Deposits at Macau Casinos Likely Safe with New Rules
Macau’s gaming industry is going through a metamorphosis of sorts right now that has more than a few people uneasy. The city is implementing new laws that will impact casino operators and their properties and one of the recommendations, in particular, has caused a lot of anxiety. Concerns over funds held by Macau’s casinos have […]
Industry
September 17, 2021
Gambling Revenues in Atlantic City Skyrocket in August 2021
The gambling operators in Atlantic City recorded another strong month in terms of gambling revenue, according to figures released by the Division of Gaming Enforcement. Total gaming revenue filed last month hit $427.7 million, which represents an increase of 31% when compared to August 2020. Atlantic City Enjoys Revenue Growth in August Despite the devastating […]
Industry
September 17, 2021
Connie James Rises as Scientific Games’ Chief Financial Officer
Gambling products provider Scientific Games will be making changes to its leaderboard with Connie James joining as a chief financial officer, treasurer, corporate secretary and executive vice president. Scientific Games Gets an Industry Veteran as a CFO James isn’t a stranger to the company and the position as she has already worked as chief financial […]
Industry
September 16, 2021
PointsBet Inks Exclusive Partnership Deal with Austin FC
PointsBet has inked an exclusive agreement with Austin FC. Besides ensuring market access to Texas, the sportsbook was named Exclusive Sportsbook Partner of the MLS team. However, before PointsBet can launch its services, the deal is subject to the relevant licensing and regulatory approvals which may come once Texas pushes forward sports wagering legislation. PointsBet […]
Industry
September 16, 2021
Massachusetts’s Three Gaming Properties Record $92M in Revenue in August
Two of the biggest casinos in the state of Massachusetts and a slot parlor faced a setback in August and dipped from the heights that they reached in July. Combined, the three operators generated around $92 million in August revenue, which is lower than the $95.74 million July revenue. On Wednesday, the Massachusetts Gaming Commission […]
Industry
September 16, 2021
Sportsbooks Are Breaking Out the Wallets to Advertise during NFL Games
It’s only a matter of time before the US implements advertising restrictions on the gaming industry, just like those being seen in the UK and elsewhere. Until that happens, though, gaming operators will look to plug their services as much as possible. The NFL season has arrived, to the delight of sports fans and bettors […]
Industry
September 15, 2021
Macau Gambling Stocks Deteriorate Following Newly Announced Restrictions
The top gaming stocks in Macau lost $18.4 billion in market value today, Wednesday, September 15, which is a record-breaking number. The loss in market value is a result of the new tight restrictions on gaming operators that officials have announced. One of the changes, if approved, includes the constant supervision of companies by representatives […]
Industry
September 15, 2021
China Hits 10 Individuals with $900K Penalties for Illegal Gambling
Beijing has once again sent an unequivocal message to those who think they can flaunt the country’s draconian anti-gambling measures. China’s State Administration of Foreign Exchanges (SAFE) has confirmed that ten individuals have been issued cumulative fines to the tune of $900,000 in a case pertaining to illegally remitted funds for the purposes of gambling. The largest […]
Industry
September 15, 2021
Gambling Industry Veteran On Trial for 2019 College Bribery Scandal Ties
Gamal Abdelaziz, a gambling industry veteran of Egyptian-American origin, is currently put on a trial in Boston. The prosecution alleges that Abdelaziz has been involved in the bribery scandal of 2019 where certain reputable colleges were bribed into letting in the children of certain businessmen and celebrities. Operation Varsity Blues: A Short Backstory The bribery scheme was […]
Industry
September 15, 2021
Macau Contemplating Putting a Stop to Casino Sub-concessions
When Macau first introduced legal casinos at the beginning of the century, three concessions were going to be allowed. Then, through some reshuffling and bureaucratic magic, three became six, with the latter three being authorized via sub-concessions. Now, as the city explores massive changes to its gaming laws, the idea of sub-concessions could go away […]