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Focus Gaming News | Finance

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04/11/17

Casino revenue rose in Atlantic City

According to the DGE, total revenue for 2016 in Atlantic City casinos reached US$3.51 billion, 0.4 percent higher than the previous period.

04/11/17

Macau starts April with a disappointing GGR

Gross Gaming Revenue (GGR) in Macau was lower than expected during the first week of April according to a note Bernstein released on Monday.

04/06/17

Casino revenue rises for City of Dreams Manila

Melco Crown Resorts reported an increase of net revenue for the City of Dreams Manila casino of 63.5 percent during last year.

04/06/17

Racetrack developement funding drops in Pennsylvania

A report released by the state indicates a slight fall in both slot machine revenue and attendance at Pennsylvania race tracks in 2016.

04/04/17

Stakeholders against betting tax in Kenya

Betting companies expressed their opposition to the measure that the government of Kenya set to raise taxes in all categories to 50 percent.

04/04/17

Gambling in India could attract higher tax rates

An official estimated that betting and gambling could attract a Goods & Services (GST) higher than 18 percent.

04/04/17

Macau breaks revenue record

Macau casino operators generated US$2.6 billion last month, which is the biggest revenue amount reported since February 2014.

04/03/17

Australia tightens online gambling taxes

An agreement between state counterparts and the federal Treasurer of Australia would set a nationwide point of consumption tax.

03/31/17

Bookies to pay more taxes for sports in Russia

President Vladimir Putin signed into a law a bill that makes bookies pay 5 percent of their proceeds to foment sports in Russia.

03/31/17

OPAP profits fall in 2016

Greek government’s tax raise impacted on OPAP, making its earnings drop one fifth in 2016.

03/31/17

Kenya imposes betting punitive tax

The government of Kenya decided to raise betting taxes in all categories to 50 percent.

03/30/17

Nevada reveals lower profits

Nevada, the gaming State has issued February’s results of the casino industry, showing a slight decline in the latest revenues.

03/29/17

Macau to close March results

Although gross gaming revenue (GGR) in March indicates a general year-to-year increase, Macau has not surpassed February’s results.

03/28/17

Philippines to probe gaming finance

Philippines will insist on controlling the economic structure of gaming and casino business to avoid possible money laundering.

03/27/17

Pennsylvania to fix gambling revenues

The Supreme Court gave Pennsylvania legislators until May 26 to come up with a measure to fix gambling revenues.

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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.