"Revenue" Tag Results

By Tomas Medon

United States Sports Betting Market Reaches $10 Billion Mark

July 21, 2022

Operators have brought in $10.004 billion in revenue since the U.S. Supreme Court struck down the federal prohibition on sports betting outside of Nevada. Those earnings generated $1.511 billion in taxes for licensed betting jurisdictions around the country. This equates to an effective tax rate of 15.1 percent across the board. It only took the […]

By Tomas Medon

Wildfire Casino Construction Underway in Downtown Las Vegas

July 5, 2022

Red Rock Resorts aims to solidify its position as a leading operator of casinos catering to locals across the Las Vegas Valley by opening a new gaming facility in the heart of the valley. The company is already one of the most prominent operators of such establishments. Throughout the Las Vegas area, Red Rock manages […]

By Tomas Medon

Gaming Association Calls for Extension of Macau Licenses

September 1, 2020

It goes without saying that Macau has been one of the hardest-hit gaming and entertainment territories on the planet. For many of the businesses in the region, 2020 has been all about huge losses whose effects will still be felt for the foreseeable future. To make it even worse, we are fast approaching 2022 when […]

By Tomas Medon

Indiana’s Gambling Industry Edges Closer to Normalcy

August 11, 2020

The coronavirus pandemic had a devastating effect on the global economy with the gaming industry being one of the biggest casualties. In Indiana, the three-month shut down of gambling and entertainment venues was just as much of a big deal as it was in many other states in the US. However, gambling in the Hoosier […]

By Tomas Medon

PGCB Releases Gaming Revenue Figures for April 2020

May 19, 2020

The Keystone State, just all other states in the country, has been feeling the pinch of the coronavirus pandemic and not much has changed for the past month. The gambling industry in Pennsylvania was set to be an obvious casualty. March was a challenging month for the gaming industry and April was no different. Land-Based […]

By Grant Mahon

No Tax Breaks for Macau Casino Operators

February 25, 2020

The recent coronavirus outbreak in China recently saw to the temporary suspension of casino operations in the city of Macau. This move was intended to mitigate against the possible spread of the virus after 10 people in the region were infected after the outbreak. Fortunately, the temporary shut down seems to have served its purpose […]

By Ameana Jones

Macau Gambling Revenue Falls 8.6 Percent in August

September 3, 2019

The month of August saw the fastest decline in Macau gambling revenue in 2019 with the territories gross gaming revenues seeing the biggest year-on-year decline. According to a recent report from the Macau Gaming Inspection and Coordination Bureau (DICJ), revenue dropped 8.6 percent to 24.262 billion patacas (US$3.032 billion). The data released in the DICJ […]

By Grant Mahon

Pa. Slot Machine Revenue Slumps in April

May 3, 2019

On Thursday, May 2, the Pennsylvania Gaming Control Board (PGCB) posted on its website the monthly revenue report for the total revenue generated from slot machine gaming in the Keystone State for the month of April 2019. From the looks of it, things are not going too well for the slot machine industry. According to […]

By Tomas Medon

Penn National’s Growth Attributed to Recent Acquisitions

May 3, 2019

In October 2018, the Berks County-based Penn National Gaming acquired Pinnacle Entertainment, and this has been touted to be one of the moves that have helped the company to post record revenues and net income for the first quarter of this year. As a matter of fact, the casino operator has already increased its expectations […]

By Alexander Palmer

NJ Online Gaming Market Growth Drives GAN to Record Revenues

May 2, 2019

London-listed online gaming service provider, GAN has reported record revenue for the first quarter of the year and this is largely thanks to its online gambling and sports betting operations in the state of New Jersey. Revenue went up by a whopping 122 percent year-over-year compared to the same period in 2018. Now that is […]