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Finance

Check the latest Finance news

06/06/18

ACT government introduces 15 pct POC tax

The Australian territory announced that the 15 per cent POC tax will apply to gambling operators.

06/06/18

Casinos boost South Korean stock

Shares in South Korea saw an increase on Tuesday thanks to a boost from construction and casinos over potential projects in North Korea.

06/05/18

Slot machine revenue posts slight rise in Pennsylvania

Revenue for slot machines increased 0.4 per cent in the state during May operations.

06/05/18

Wynn earnings forecast lowered for 2Q

According to Deutsche Bank Securities, the VIP gaming segment performance in Macau has lowered Wynn Resorts’ earnings forecast.

06/04/18

Moody’s analyses US sports betting market

Economic analyst Moody’s Investors Service says states would not totally benefit from the legal sports betting industry.

06/04/18

Online gambling revenue increases in Spain

The local regulator revealed that online revenue increased 28 per cent during the first quarter of 2018.

06/04/18

Casinos in Macau report revenue gain in May

While gambling revenue increased in the Chinese hub, the results were lower-than-expected in May.

06/01/18

AGA highlights the Ohio gaming industry

The American Gaming Association revealed that the industry generates 20,000 jobs and US$3.6 billion in Ohio.

06/01/18

Intralot posts revenue growth during 1Q2018

Between January and March, Intralot reported a 4.3 per cent increase in revenue and a 1.9 per cent growth in EBITDA in comparison to 1Q2017.

06/01/18

Greece’s OPAP reports revenue growth in Q1

The gambling monopoly from Greece reported an increase in revenue and profitability during the first three months of 2018.

06/01/18

UKGC reports industry statistics

The gambling regulator from the UK published its latest update on industry statistics.

05/31/18

Las Vegas strike could cost millions

Las Vegas casino operators are facing a US$10 million loss per day if the strike is set.

05/31/18

Chinese sports lottery sales rise 9 pct

The country’s official sports lottery bested the welfare lottery and posted sales for US$6.5 billion in April, a nine per cent increase year-on-year.

05/30/18

Execs in Nevada got US$145.7 million in 2017

Top gaming firms executives in Nevada received payments for a combined US$145.7 million during the last year.

05/30/18

Tourism boosts Macau’s GDP growth

The Chinese region’s GDP grew by 9.2 per cent year-on-year during the first quarter of 2018 thanks to gambling tourists.

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Focus Gaming News is a media group that produces a daily online newspaper aimed at international gaming executives. This communication tool is visited by more than 140,000 monthly readers around the world and delivers up-to-date news from the gaming and iGaming businesses. Focus Gaming News also releases a daily newsletter and it is received by more than 35,000 subscribers. It features news on regulation, legislation, sports betting and online and land-based gaming, as well as reports on the latest products and trends, interviews with key specialists, and more. There are also Focus Latin America, Focus Brasil, Focus Asia Pacific, Focus Africa and Focus UAE – five daily releases focusing exclusively on these specific markets.