"Revenue" Tag Results

By Grant Mahon

MGM Reports Significant Drop in Q1 Profits for 2019

April 30, 2019

Last Monday, renowned casino operator MGM reported revenue of $3.18 billion in the last quarter of the year ending March 31 – this represents a 13 percent year over year increase. Operating income casino for the casino also rose by 3 percent but the company’s net income plummeted by a whopping 86 percent to just […]

By Alexander Palmer

Macau Sees 6 Percent Increase in Gaming Tax Revenue in Q1 of 2019

April 24, 2019

While gaming activity in Macau took a bit of a dive in the first three months of 2019, tax revenue collected by the authorities did not. The region’s Financial Service Bureau reports that the city collected more than $3.67 million in tax revenue from the thriving gambling industry in the first quarter of the year. […]

By Tomas Medon

Louisiana Considering More Gambling Expansion to Boost Taxes

April 21, 2019

Close to three decades ago, lawmakers in Louisiana turned to gambling in an effort to replenish state revenues that had been previously devastated by the oil bust of the late 90s. So, for a better part of the first half of the 90s, the state gave the green light for a state lottery, 15 riverboat […]

By Alexander Palmer

Colorado May Be About to Jump on the Sports Betting Bandwagon

April 21, 2019

A bill recently introduced to the state Legislature seeks to have sports betting legalized and regulated in the state of Colorado, and if it gains any traction, the state may other states with regulated sports betting as soon as May 2020. If it gains enough momentum with the state Legislature, the state’s residents are […]

By Alexander Palmer

Jamaica Will Not Be A Gaming Destination, Says Minister

December 10, 2018

The very first regulated Jamaican casino should be up and running by the starts of 2020, but, unfortunately for gamers, the island will not be a gaming destination per se. Well, sort of. According to Edmund Bartlett, the country’s tourism minister, the country does not need casino gaming to grow its tourism sector. Speaking at […]

By Elaine West

Genting Malaysia’s Share Price Drops Amid Higher Taxes

November 5, 2018

Last Friday, the Malaysian Budget was announced and one of the main highlights of that event was the negative surprises it had in store for the gaming sectors. This came in the form of an unprecedented tax hike that affected a number of gambling businesses including the country’s casinos and slot parlors. As stipulated by […]