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Finance

Check the latest Finance news

06/19/18

Table games revenue increases in Pennsylvania

May operations show that table games revenue increased less than one per cent in Pennsylvania.

06/15/18

Online revenue increases in New Jersey

The online gambling industry continued to show good results in New Jersey during last month’s operations.

06/14/18

Monthly revenue increases in Detroit

May results showed that the three casinos in Detroit increased their revenue by four per cent.

06/14/18

NSW government plans new online gambling tax

The state budget is set to include a measure that would take 10 per cent tax on every bet placed in NSW.

06/13/18

Macau GGR grows on the mass-market

According to analysts, GGR growth in Macau in June is expected to continue to be supported by an increase in revenue in the mass-market.

06/13/18

Australian PoC to affect Paddy Power

The company’s earnings could drop with the new point of consumption tax on gambling introduced in the ACT.

06/12/18

Macau’s GGR on track for 16 pct growth

Bernstein foresees that gross gambling revenue will increase between 16 to 18 per cent in June.

06/11/18

UK National Lottery registers record digital sales

Total sales numbers for the 2017-2018 financial year show that digital sales hit a record £1.65 billion.

06/07/18

Moody’s gives Macau stable rating

The credit ratings agency has kept the local economy unchanged and issued Macau with a strong “Aa3 stable” rating.

06/07/18

Macau’s poor revenue hit the stock market

A report showing lower than expected GGR in May has impacted several casino operators.

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.

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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 Asia Pacific, Focus Africa, Focus Latin America, Focus Brasil and Focus UAE – five daily releases focusing exclusively on these specific markets.