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Tag Archives: Featured

Slovakian Gambling Regulation Office warns of driving land-based sector underground

During 2023 Slovakians placed bets amounting to €21.36bn, paid €20.4bn in winnings and spent a total of €1.32bn on gambling. However with online booming and even stricter regulations being brought in for land-based casinos, Slovakia’s gambling authority believes land-based revenues will fall by 22 per cent over 2024. General Director of the Gambling Regulation Office Martin…

Casinos could boost tourism revenue by US$12bn in Thailand

A study by a panel of lawmakers, due to be submitted to parliament this week, has concluded that Thailand could increase tourism revenue by US$12bn if it were to introduce resort style casinos. The report states that average tourist spend could increase by 52 per cent to reach $1,790 per trip fuelling growth in the…

Crown approved to retain its Melbourne licence

Crown Melbourne has retained its Victorian Casino licence following a comprehensive transformation of its business that has seen the operator invest $200m since 2021 into its transformation, introducing extensive reforms across harm minimisation, financial crime, governance, compliance, risk, and culture, which has been accelerated under new ownership and management. Guest wellbeing and harm minimisation has…

Restrictive conditions behind La Ciotat tender process to be ruled on by Marseille court

The Bouches-du-Rhône prefecture has referred the fallout from the tender process for the La Ciotat casino in the Bouches-du-Rhône region of France to the Marseille administrative court and is requesting a ‘termination’ of the public service delegation (DSP). The move comes amid claims that the municipality had disregarded the public procurement regulations by not respecting…

US – MGM reported to have put casinos in Ohio and Springfield on the market

Bloomberg has reported that MGM Resorts is looking for suitors to buy its casinos in Ohio’s Northfield Park and in Springfield, Massachusetts. MGM has reportedly enlisted financial advisers to hold preliminary discussions which may not result in any sale. MGM bought the Northfield Hard Rock racino in 2019 for $1bn, rebraning it to MGM Northfield…

US – Gambling revenues bloom in the Garden State but only three casinos beat pre-COVID revenues

The New Jersey Division of Gaming Enforcement released its February financials for the Garden State with total gaming revenue covering casino, online gaming and sports betting, surging by 12 per cent to $461.5m in February 2024, from $412.2m in February last year. Revenues have climbed by 20.2 per cent for the year so far, reaching $1.02bn. The State’s…

US – Wynn releases its own renderings for casino resort at Hudson Yards in Manhattan

Wynn Resorts has now released its own renderings for the blue of its $12bn casino proposal earmarked for Hudson Yards along Manhattan’s west side.  An 80-story pointed sky scrapper will tower over the Hudson River with a hotel and casino, engulffed by a 5.6-acre park as well as offices, apartments, a 750 pupil school, a…

South Africa – Sun City sees record profitability with SunBet Sportsbooks also reaching new highs

South African casino and hotel group Sun International generated a 5.5 per cent year-on-year increase in revenue to hit R12.10bn (€590.4m) in 2023, fuelled by a record performance by its SunBet sportsbook brand and its flagship casino Sun City. The gaming market in South Africa grew for a third successive year to R55.8bn gross Tgaming…

China – CBRE sees another 30 per cent growth spurt for Macau over 2024

Analysts at CBRE Institutional Research are predicting that Macau’s casino sector will grow by a further 30 per cent this year as the mass market sector continues to boom. It is predicting GGR of US$28bn in 2024 and US$29bn in 2025. CBRE’s Colin Mansfield and Connor Parks said: “This year, visitation and gaming revenue should…