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Focus Gaming News | Finance

Finance

Check the latest Finance news

12/12/17

Event betting VAT-free in Malta

The government announced that event betting will be exempt from value added tax (VAT).

12/12/17

Caesars reveals costs of bankruptcy

Caesars Entertainment’s failed businesses have cost the company US$160 million in legal fees.

12/11/17

Politicians stall poker liquidity sharing in Italy

Whilst sports betting thrives in Italy, shared online poker liquidity is set to be delayed due to unfounded money laundering rumors.

12/06/17

Australian gamblers lost record money

Gambling losses in Australia have reached US$18.3 billion over the last year and an all-time high.

12/06/17

Paradise Co records casino revenue increase

South Korean operator Paradise Co Ltd recorded a 3.9 percent year-on-year increase in its November casino revenue.

12/06/17

Saipan casino boosts official funds

Gaming activities regulated by the Commonwealth of the Northern Mariana Islands (CNMI) increase national funds.

12/06/17

Slot revenue up in Pennsylvania

The local gaming control board revealed that slot machines at casinos totaled US$181 million in revenue last month.

12/04/17

Lobby against iGaming tax strengthens in Victoria

Australian iGaming operators are trying to stop Victoria from adopting a 15 percent tax on online betting like they have in other states.

12/04/17

British operators to pay charity levy

Land-based casino operators have agreed to pay a 0.1 percent levy of their annual gross gaming yield to charity.

12/04/17

Casino revenue down on the Strip

Gambling facilities located in the Las Vegas Strip experienced a 6 percent fall in revenue during October’s operations.

12/04/17

Macau experienced great GGR results

Gaming gross revenue surpassed the expectations in November and achieved a 22.6 percent year-on-year increase.

12/04/17

Online gambling market expands in the UK

The online gambling industry in the United Kingdom totaled £4.7 billion from April 2016 to March 2017.

11/30/17

Cotai casino to boost MGM China’s finances

The opening in the Macau city of Cotai is set to boost EBITDA for MGM China.

11/30/17

GGR to grow in Singapore

Fitch Ratings estimated that gaming gross revenue is likely to grow in Singapore in 2018.

11/29/17

Tatts Group starts FY18 with a boost

The first quarter of fiscal year 2018 has seen Tatts Group’s revenue boosted by a 6.8 percent thanks to strong lotteries jackpot results.

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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.