An end-of-quarter exchange rate adjustment offset a further downgrade in H2 Gambling Capital’s 2020 forecast for the pandemic-hit global gambling sector this week.
The Pennsylvania Gaming Control Board (PGCB) has reported a 16.9% year-on-year rise in gambling revenue for January, aided by growing contributions from igaming and sports betting.
Pennsylvania’s regulated sports betting market saw handle grow beyond $300m for the first time in November, thanks to a soaring mobile contribution, while online casino benefitted from a leap in table games stakes.
Just under one in six Australians aged 16-17 gambled in the past year, according to the Longitudinal Study of Australian Children's (LSAC) annual statistical report.
Nevada’s gaming market generated revenue of $1.02bn in October, and while this represented a 3.9% year-on-year decline, it marked the sixth time in 2019 that the monthly total surpassed $1bn.
Researchers in the Australian Capital Territory (ACT) have warned the state needs to have a serious discussion about the role of gambling in society after estimating that as much as 14% of its population has been negatively affected by gambling.
The New Jersey Division of Gaming Enforcement has reported a 27.1% year-on-year rise in regulated gaming revenue in May, aided by land-based and online casino growth.
GambleAware has reiterated calls for UK operators to offer further financial support its problem gambling efforts after revealing that industry funding failed to meet its 2018-19 target.
Nevada’s licensed sportsbooks generated total handle of $596.8m in March, setting a new record for amounts wagered in a month where basketball dominated the market.
This week's State of the Union, in partnership with Segev LLP, sees Pennsylvania set a launch date for igaming, while Delaware North has taken legal action in the wake of its sports betting struggles in West Virginia. Elsewhere, Iowa is one step away from legal igaming and a bid to regulate sports betting is underway in Colorado.
The Nevada Gaming Control Board has reported an 11.5% year-on-year rise in sports betting handle for February, though the state also saw gaming revenue across all verticals decline marginally for the month.
February's New Jersey iGaming Dashboard, in partnership with Ficom Leisure, shows Resorts Digital growing in prominence in the online gaming vertical, while sports betting figures have been skewed by a number of licensees making losses during the month.
The New Jersey Division of Gaming Enforcement (DGE) has reported a 25.6% year-on-year increase in gaming revenue in February, though the contributions from igaming and sports betting fell sequentially.
The Gambling Commission, responsible for regulating gambling in England, Scotland and Wales, has reported a slight decline in the prevalence of problem gambling in 2018, though there were clear signs that public perception of the industry is worsening.
US racetrack and casino operator Churchill Downs Incorporated (CDI) has cited its racing and online advance deposit wagering (ADW) divisions as key drivers of a 14.3% year-on-year increase in revenue for 2018.
This week's State of the Union, in partnership with Segev LLP, looks at the latest legal challenge launched against the DoJ's revised Wire Act opinion, plus developments in Virginia, Arkansas, Indiana and more.
The Arkansas Racing Commission’s rules for casino gaming and sports betting have been approved by the Joint Budget Committee's Administrative Rule & Regulation Review Subcommittee.
Strong growth in revenue failed to offset the impact of growing costs for Scientific Games in 2018, with the gaming solutions provider’s loss for the period growing to $352.4m (£269.3m/€310.1m). Revenue for the 12 months ended December 31, 2018 was up 9.1% year-on-year, with a marginal decline in gaming revenue - down 0.7% to $1.8bn - offset by strong growth in the social and digital divisions.
Key developments in 2018 come to fruition this year, with point of consumption tax and consumer protection issues set to ring big changes in the Australian gambling industry, according to Addisons senior Associate Karina Chong and partner Jamie Nettleton.
New restrictions on gambling advertising are being proposed or brought into force as more European regulators attempt to address growing public concerns regarding its prevalence. But will they have the desired impact on addiction figures?
