Industry
June 23, 2021
Florida’s Gaming Compact with the Seminole Has New Resistance
The Department of the Interior (DoI) is expected to reveal its decision on the gaming compact between Florida lawmakers and the Seminole Tribe of Florida in the next couple of weeks, but how it will respond still isn’t clear. Across the US, when presented with new gaming compacts following the demise of PASPA in 2018, […]
Industry
June 22, 2021
Hong Kong Police Deal a Major Blow to Illegal Gambling
Illegal gambling rings were put on notice, as Hong Kong police announced a major breakthrough against Triad-controlled gambling. Local authorities arrested 18 people in connection with the largest illegal gambling operation in the last decade. Police disclosed that the illegal bookies had handled over $400 million in bets on horse racing and soccer over the […]
Industry
June 22, 2021
Analysts Back Down on Macau Recovery as Hong Kong Restrictions Continue
Macau was converted into a virtual ghost town for much of 2020 because of the COVID-19 pandemic. It seemed like 2021 was going to bring a lot of positive activity as restrictions started to be lifted and gross gaming revenue (GGR) began to recover. However, even as industry analysts were starting to become more optimistic […]
Industry
June 22, 2021
UFC Boss’s Blackjack Skill Ends in Vegas Casino Ban
UFC President Dana White is facing his second Las Vegas casino ban after winning more than $2 million playing blackjack at the Palms Casino Resort. The casino has banned White from their highest stake tables for the second time in the past 24 months. With an overall net worth of nearly half a billion dollars, […]
Industry
June 22, 2021
COVID-19 Hurt Atlantic City More Than the Great Recession
Atlantic City’s casinos were financially impacted, like industries across the US, when the economic bubble burst 14 years ago. That led to New Jersey taking additional steps to manage its gambling hub and oversee its operations and, as the years progressed following that recession, Atlantic City seemed to be on the road to recovery. Then, […]
Industry
June 22, 2021
Yokohama’s Plans for an Integrated Resort Hit a Potential Speedbump
Japan has been diligently chipping away at the large block that it hopes will ultimately become its casino industry. It has been a slow process and several cities across the country have been anxious to become involved. Among these, Osaka, Nagasaki and Yokohama have been at the forefront the most, all overcoming challenges to be […]
Industry
June 21, 2021
Macau Authorities Expect to Double Casino Regulators
The gambling mecca of Macau is set to face tougher regulations as government authorities look to double the number of casino inspectors. Several departments are tipped to be restructured, as the city looks to ramp up its hold over the casino industry. The move to beef up supervision of the gambling hub comes as the […]
Industry
June 21, 2021
D.C. Reports Staggeringly Low Sports Betting Revenue
D.C. could soon see unexpectedly low sports betting tax revenue as every year the officials revise down their revenue projections since the legalization of sports gambling in 2020. D.C. Council Dazzled by the Low Revenue from Sports Betting The D.C. Council Committee on Business and Economic Development held a budget oversight hearing on Thursday where […]
Industry
June 21, 2021
Global Gaming Regulators Get an Awards Program
Gaming regulators around the world now have a little more incentive to become more proactive in helping to shape the gaming industry. The International Association of Gaming Regulators (IAGR), a global organization created by gaming regulators for gaming regulators, has introduced a new awards program designed to highlight those entities that are making a bigger […]
Industry
June 18, 2021
Massachusetts Casinos Surpass Pre-pandemic Gross Gaming Revenue in May
Last month, the three commercial casinos in Massachusetts raised $87 million in gross gaming revenue. Comparing this number to February 2020, when gaming revenue halted at $85.8 million, we see that the commercial casinos have reached GGR higher than pre-pandemic levels. Gaming Revenue in Massachusetts Surges in May In a report released on Tuesday this […]