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Macau Casino Stocks Show Valuation Opportunities After Declines
Due to fears about China’s slumping economy, Macau casino stocks continued to slide since August. However, one analyst believes that the industry will rebound soon. Stifel analyst Wieczynski found investors can benefit from China’s macro uncertainty. The two U.S.-based Macau concessionaires, Wynn Resorts and Las Vegas Sands have seen their stock prices fall significantly over the […]
Aristocrat Gaming Starts Distribution of NFL Super Bowl Jackpots
Aristocrat Gaming began the distribution of its NFL Super Bowl Jackpots to casinos across the US. It is the culmination of the gaming content provider’s partnership with the NFL and the NFL Players Association. According to gambling industry news reports, the release of the new game coincides with the start of the new football season, […]
Crypto Gambling Market Remains Strong in First Half of 2023
The results are in. The crypto gambling market posted a 16.5 percent year-on-year increase in the first half of 2023. Also, players made 83.6 percent more crypto bets than in the second half 2022. SOFTSWISS released a report involving over 500 companies using its solutions and platforms. In addition, there was an overall increase in […]
Ontario Online Gambling Outpacing Sports Betting
According to the latest reports, players in Ontario wagered a total of CA$14 billion in the year’s second quarter. Also, players placed around CA$11.6 billion on online casino games. Players wagered CA$2 billion on sports. Peer-to-peer poker contributed the remaining amount. Thus, Ontario online gambling is outpacing sports wagering. The latest report painted showed Ontario’s […]
Superbet Becomes Title Sponsor of First World Series of Darts
Online sports betting operator Superbet becomes the title sponsor of the first World Series of Darts in Poland. Thus, the event’s official title is 2023 Superbet Poland Darts Master. After sponsoring the darts event, players and the stage will feature the sportsbook operator’s logo. According to bookie tutorials and news sites, the first World Series […]
Justin Bonomo is Chip Leader of WSOP Event #23
One of the most exciting events in the 2023 World Series of Poker is Event #23, or the $50,000 High Roller. It attracted 111 players, including some Hall of Famers and high-stakes professionals. At the end of Day 1, Justin Bonomo emerged as the chip leader with more than 2 million chips. Bonomo is the […]
Inspired Entertainment Partnered with GRID to Improve eSports Products
Inspired Entertainment recently introduced its latest eSports products focused on Counter-Strike: Global Offensive. Also, it launched its Re-Play eSports feature. Additionally, Inspired Entertainment partnered with GRID to improve its eSports products. GRID is a data platform that offers data solutions for games and the eSports industry. Partners have access to various data. Also, GRID worked […]
Macau Junket Boss Gets 14-Year Jail Time for Illegal Gambling
Authorities sentenced Macau junket boss Levo Chan to 14 years in jail for illegal gambling, operating criminal syndicates, money laundering, and fraud. Also, he apologized to his former employees at Tak Chun Group. He added that the company was not a triad group. Chan headed Tak Chun, the second largest company in Macau’s junket industry. […]
Nevada Lottery Bill Picks Up Steam Despite Opposition from Casino Industry
A Nevada Lottery bill proposed the establishment of a state lottery. However, casino operators opposed the idea because it could eat into their revenue stream. In addition, lottery operators from California are afraid the new lottery would attract bettors away from them. Truckee Gaming is a licensed retailer of the California Lottery. It sells tickets […]
Arkansas Mobile Sports Betting Impacts State Tax Revenue
Arkansas mobile sports betting launched in 2022, and the state collected around $3 million in taxes from mobile sportsbooks. Operators attributed most of their success last year to sports wagering. The state’s total sports betting handle in 2022 was $186 million. However, $122 million of that amount came from mobile sportsbooks. Since the start of […]
