Casino and gambling Industry News & Business Insights

By: Paul SkidmoreRank 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Outdated anti-money laundering policies and missed opportunities to protect customers have resulted in a £5m regulatory settlement for Rank’s land-based casino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.

By: Grant Mitchell1,300 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.

By: Lucas DunnBrazil 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 SkidmoreInforma 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.

By: Richard JanvrinBank 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.

By: Heather GartlandNew 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.

By: Lucas DunnBrazil'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.

By: Lucas DunnMacau 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 SkidmoreJumpman 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 SkidmoreUK 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.