Casino
January 12, 2022
US Casinos in Macau Will Not Be Treated Differently, Fitch Ratings Claim
Fitch Ratings Inc insists that US-controlled casinos in Macau will not be treated any differently from casinos owned by Chinese entities in light of the recent gaming rights refreshments in the city. The company solidified its claim by adding that US casino subsidiaries are owned by public entities listed in Hong Kong, have invested a […]
Industry
January 12, 2022
UKGC Reminds Industry Stakeholders of Consultation Deadline
Last November, the UK Gambling Commission (UKGC) has asked for feedback from industry stakeholders regarding a review of its Statement of Principles. On Tuesday, the UKGC issued a reminder on the upcoming deadline for the consultation. The UKCG Seeking Guidance on Several Matters The Gambling Commission is looking for guidance and opinions on several different […]
Business
January 12, 2022
MegaLuck Casino in Jeju, South Korea May Be Out of Luck
Jeju Island in South Korea was once a hotbed for casinos. This is currently not the case because of COVID-19. Several small entities have folded and another is about to be added to the list. GGRAsia reports that, according to a letter that was sent by the Jeju KAL Hotel to a labor union, the […]
Casino
January 12, 2022
Detroit Casinos Doubled Combined 2020 Revenue Last Year
2021 ended up being a good year for casinos in Detroit, MI. They came off a slow, COVID-19-ridden 2020 to recover some of their losses. However, they’ll need to continue to do better this year if they want to get back on track. Still, increasing revenue by over 100% from one year to the next […]
Industry
January 11, 2022
Spain’s CNMC Backed PRD Provisions for Gambling Restrictions
Spain’s national competition authority, Comision Nacional de los Mercados y la Competencia (CNMC), expressed its support for the draft legislation for tighter online gambling regulation. ‘Correct Adaptation to the Principles of Good Regulation’ The CNMC, Spain’s authority that ensures markets from all sectors adhere to consumer and company standards, released a report related to the […]
Casino
January 11, 2022
NetBet Adds Play’n Go Products to Boost Player Experience in Italy
NetBet continues to deliver state-of-the-art iGaming solutions in the Italian market with the addition of products by Play’n Go. The move is designed to strengthen the online casino operator’s rapport with both local gamers as well as its existing relationship with the supplier of leading iGaming solutions. Operating out of Malta, Play’n Go is the author of […]
Industry
January 11, 2022
New Singapore Gambling Duties Bill Increases Casino Tax Rates
Singapore’s Parliament has released a new Gambling Duties Bill meant to streamline the country’s gambling regulations. The amendments to the current Casino Control Act were originally discussed in 2019 as part of the Tourism Board’s agreement with operators Las Vegas Sands and Genting Singapore. The talks targeted the expansion of the operators’ integrated resorts (IR), World Sentosa, […]
Industry
January 11, 2022
CNBC’s Jim Cramer Chills Enthusiasm for Online Betting Stocks
The gambling industry in the United States and globally has made quite a few big strides over the last few years. There were deals from virtually every big name, involving Flutter Entertainment, Caesars, William Hill, and others. As online sports betting stocks seem to be surging, along with interest in them, many consumers are turning […]
Industry
January 11, 2022
Wakayama Residents Opposed to IR Solidify Their Stance
Some Wakayama residents would be more than pleased if the city’s IR plans took the same path as those in Yokohama. Canceling the project isn’t as easy, but the opposition is gaining traction. On Friday, a group of Wakayama residents called the “Wakayama Residents’ Group for Questioning The IR Bid” submitted a petition containing 20,039 […]
Business
January 11, 2022
Genting Group Subsidiary Facing Insolvency After Failing to Secure Lifeline
A few years ago, Genting Hong Kong set out on a mission. It envisioned a fleet of casino cruise ships and was so determined to realize its dream that it bought its own shipbuilder in Germany. It didn’t take long before trouble surfaced by way of a global pandemic, and Genting Hong Kong was caught […]