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Finance

Check the latest Finance news

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.

11/29/17

Sports betting improve results in Australia

The country released the statistics that show that sports betting grew 13 percent year-on-year in the 2015-2016 period.

11/29/17

Russia increases betting taxes

The president of the Eurasian country signed into law two bills that increase taxes for gambling.

11/28/17

Macau GGR to jump 19 percent in November

According to Bernstein analyst, GGR in Macau is set to reach US$2.7 billion and increase up to 19 percent in November.

11/28/17

GDP expands 6.1 pct in Macau

Macau’s GDP expanded by 6.1 percent year-on-year but showed a slower growth during Q3.

11/28/17

Latvia sets live casino licence fee

The parliament decided on a fixed yearly fee of US$475k for operators who want to offer live casino services.

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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.