Casino and gambling Industry News & Business Insights

By: Paul Skidmore

Rank agrees £5m settlement over Grosvenor casino compliance failures

Outdated anti-money laundering policies and missed opportunities to protect customers have resulted in a £5m regulatory settlement for Rank’s land-based casino business.
Labor Strike Ongoing at Encore Boston Harbor
Grant MitchellBy: Grant Mitchell

1,300 Encore Boston Harbor Workers Still on Labor Strike One Month Later

Union leaders lobbied for a $10-per-hour wage increase across four years, a $25 minimum hourly wage, and guarantees for existing healthcare and pensions.
Person holding a black smartphone at a table, as Brazil's betting ban takes online betting sites and apps offline
Lucas DunnBy: Lucas Dunn

Brazil Betting Ban Enters Refund Phase as Sites Go Dark

Licensed operators in Brazil went offline on Oct. 6. Banks now handle player refunds while the Supreme Court weighs challenges to the betting ban.
By: Paul Skidmore

Informa agrees £2.24bn deal for ICE and iGB Live owner

Informa has agreed to buy Clarion Events, the organiser behind ICE and iGB Live, in a £2.24bn deal that will put major gambling industry gatherings under new ownership.
Bank of America Upgrades DraftKings Stock to Buy After Recent Slide
Richard JanvrinBy: Richard Janvrin

Bank of America Upgrades DraftKings Stock to Buy After Recent Slide

Bank of America upgraded DraftKings to buy after shares fell 47% over the past year.
Heather GartlandBy: Heather Gartland

New Zealand Online Casino Revenue Could Deliver Up to NZ$20m for Communities

New Zealand's regulated online casino market could generate between NZ$10 million and NZ$20 million for community organisations, according to government analysis.
Brazil's National Congress building in Brasília, with the Senate dome on the left, twin office towers in the center and the Chamber of Deputies bowl on the right
Lucas DunnBy: Lucas Dunn

Brazil's Betting Ban Faces Uncertain Future After Bolsonaro Leads First Round

A provisional measure banning fixed-odds betting in Brazil needs congressional approval, and Flávio Bolsonaro's first-round lead clouds its future ahead of the Oct. 25 runoff.
The Grand Lisboa tower, Casino Lisboa and Hotel Lisboa lit up at night in Macau
Lucas DunnBy: Lucas Dunn

Macau Golden Week Visitors Surge, but Analysts Stay Cautious on Revenue

Macau set a single-day visitor record during Golden Week, but September GGR fell 1.2%, and analysts are cutting forecasts. Here is what the data shows.
By: Paul Skidmore

Jumpman Gaming wins £13.2m Remote Gaming Duty appeal against HMRC

An Upper Tribunal ruling has wiped out around £13.2 million in Remote Gaming Duty assessments against Jumpman Gaming, potentially opening the door for other online casino operators to challenge tax paid on similar free-spin promotions.
By: Paul Skidmore

UK Remote Gaming Tax Receipts Jump 108% Following Rate Hike

UK Remote Gaming Duty receipts more than doubled year-on-year in July, offering an early indication of how the government's increase from 21% to 40% is affecting Treasury revenues.