Casino Archives

November 9, 2022

Flutter CEO: Gambling Act white paper likely pushed back to 2023

Flutter chief executive Peter Jackson said that he thinks that the Gambling Act white paper is most likely to be delayed until next year, as he suspects new ministers will wish to “make their mark” on the document.

Speaking at Flutter’s Q3 earnings call, Jackson said he could not predict the the Gambling Act white paper timeline with any confidence, given that its release had repeatedly been pushed back by personnel changes in government and at the Gambling Commission. However, he said he would think its release was more likely to be in 2023 than this year.

“I don’t know if I can really comment on timing because I’ve tried to comment for the last two years and keep getting it wrong, so I might have lost some credibility there,” he said. “But I suspect it’ll end up coming out after Christmas as there isn’t much time now before Christmas.

“The new ministers I think will want to make their mark on it.”

Gambling Act review delays

The white paper is the next phase in the Gambling Act r..

November 7, 2022

The 2022 US midterm elections: What we are watching

As the US goes to the polls for the midterm elections, there are plenty of races that could affect the progress of sports betting regulation and gaming expansion. Paul Girvan picks out the states to watch.

The 2022 US midterm elections, while important in so many ways, contain few issues directly related to gambling regulation.

Rather, they represent an opportunity to extract a thorn that has irritated the body politic and coloured the consideration and adoption of more gaming legislation, whether it be sports betting legislation or casino regulation.

Only in two states does gaming appear directly, or indirectly, on the ballot: California and Georgia.

California

In California, a statewide ballot measures voter approval for constitutional changes, through Propositions 26 and 27.

Polling suggests both the tribal and commercial sports betting ballot measures are doomed to fail.

Prop 26 permits Native American casinos and four..

November 2, 2022

EU ups money laundering risk from online gambling to highest level

The European Commission has raised the threat level for money laundering in online gambling to its highest possible rating, and called for lower thresholds for due diligence checks to prevent criminal activity.

The European Commission carries out periodic supra-national risk assessments, determining the risk of money laundering and terrorist financing across the European Union in various sectors. The 2022 edition is the third such risk assessment, after previous versions in 2017 and 2019.

“As with the previous reports, this third edition analyses the present ML/TF risks and proposes comprehensive action to address them,” the European Commission said. “It also assesses the degree to which the Commission’s recommendations for mitigating measures in the 2019 report have been implemented and evaluates the remaining risks.”

One area of particular focus in the report was gambling, with each gambling vertical receiving its own risk assessment.

Online gambling was found to be especially vu..

October 28, 2022

Nevada gambling revenue rises to $1.25bn in September

Gambling revenue in Nevada increased 7.8% year-on-year to $1.25bn (£1.09bn/€1.26bn) in September, while the state also reported month-on-month growth.

Revenue in September 2022 was higher than $1.16bn in the same month last year, while the total was also up 3.3% from $1.21bn in August of this year, according to the Nevada Gaming Control Board (NGCB).

Slots remained by far the main source of gambling revenue in the state, generating $858.8m in revenue for the month, an increase of 10.0% from $780.5m last year.

Multi-denomination slot machines were responsible for $448.1m of this total, while penny slots revenue amounted to $299.7m.

Revenue from table, counter and card games reached $390.8m in September, up 3.5% from $377.6m in the same month last year.

Blackjack accounted for $86.4m of this amount, while baccarat revenue stood at $80.1m and roulette revenue for the month amounted to $40.4m.

Turning to sports betting, reported as part of the table, counter and card games segment, r..

October 25, 2022

American Gaming Association CEO on the rebirth and renewal of US gambling

Bill Miller could argue that his tenure has seen the most transformative period for the gaming industry since the American Gaming Association was established in 1995. He talks to Robin Harrison about sports betting, gaming expansion, Covid-19, safer gambling and the illegal market in this exclusive interview.

When Bill Miller took charge of the American Gaming Association (AGA) in January 2019, the US commercial gaming industry was poised for a period of explosive growth.

Legal sports betting, thanks to the repeal of the Professional and Amateur Sports Protection Act (PASPA), was rapidly spreading across the US.

The industry as a whole posted its fifth consecutive year of revenue growth for that year, with 2019’s total breaking records at $43.6bn.

The industry generated $10.2bn in gaming taxes for state and local governments with 21 of 25 commercial gaming states posting year-on-year revenue growth. This sum covers annual education costs for 832,000 elementary and secondary scho..

October 19, 2022

GB problem gambling trends in focus

This infographic highlights interesting results and recent trends from the Gambling Commission’s quarterly telephone survey on gambling participation. The Problem Gambling Severity Index (PGSI) mini-screen is conducted as part of the survey and the results provide insight into the risks to gamblers in Great Britain.

October 19, 2022

Sports betting growth drives PA gambling revenue up 7.9% in September

Gambling revenue in Pennsylvania increased by 7.9% year-on-year in September following a 77.7% jump in sports betting revenue.

Total gambling revenue for the month amounted to $448.5m (£399.5m/€459.1m), which was ahead of $415.7m in September 2021 and also 5.4% higher than $425.4m in August of this year.

Retail slots remained by far the main source of revenue for operators in Pennsylvania during September, though revenue from this area of the market fell 0.2% to $198.5m. Retail table games revenue was also down 2.9% to $81.6m.

However, these declines were more than offset by growth in almost all other sections of the state’s market, including sports betting where revenue rocketed from $28.3m in 2021 to $50.2m this year.

Of this total, $43.0m came from online wagering, with the remaining $7.3m generated at retail sportsbooks. Sports betting handle was also up 11.5% year-on-year to $645.2m.

Valley Forge Casino Resort and FanDuel moved into first place in the sports betting market in..

October 18, 2022

New Jersey gambling revenue continues upward trend in September

Gambling revenue in New Jersey increased for the second consecutive month in September, while the US state also reported year-on-year growth across almost all markets.

Total gaming revenue for the month amounted to $485.0m (£430.0m/€493.0m), up 3.0% from $470.7m posted in August and also 6.9% ahead of the $453.6m recorded in September 2021.

Land-based gambling revenue edged up 1.3% year-on-year to $251.7m, with slots revenue up 2.5% to $186.5m, though table games revenue slipped 1.9% to $65.3m.

Online casino revenue also increased by 10.3% from $122.6m to $135.2m, driven by a 10.7% rise in online slots revenue to $133.0m. In contrast, peer-to-peer internet poker revenue was down 8.7% to $2.3m, making it one of only two markets areas – alongside land-based table games – to decline year-on-year.

The Borgata led the way in igaming, posting $41.1m in revenue for September. Resorts Digital was second on $34.19m, marginally ahead of Golden Nugget with $34.18m.

Turning to sports betting ..

October 14, 2022

Detroit casino revenue declines in September

Revenue from the three commercial casinos in Detroit, Michigan declined month-on-month and year-on-year in September.

Total revenue for the month amounted to $103.4m (£92.1m/€106.2m), which was 2.5% lower than $106.1m in August this year and also 6.3% down from $110.4m in September of 2021.

Slots and table games accounted for $100.8m of revenue in September, down 5.7% from $106.9m in the same month last year and also 3.5% lower than $104.4m in August of this year.

The remaining $2.6m in revenue came from qualified adjusted gross receipts (QAGR) from retail sports betting at the casinos, a 24.9% decline on $3.5m in September 2021, but 56.3% higher than $1.7m in August.

It was also noted that sports betting handle for the month reached $18.5m, down 42.8% on last year but 69.1% up from $11.0m in August 2022.

The MGM casino remained the market leader with 48% share of the Detroit market, ahead of MotorCity on 31% and the Hollywood Casino at Greektown on 21%.

MGM’s revenue comprised $..

September 23, 2022

Sweden to open applications for B2B licences on 1 March

Sweden will open its application process for B2B supplier licences on 1 March 2023, regulator Spelinspektionen has announced, despite the fact the bill to implement these licences has not yet passed the legislature.

Currently, the bill to implement gambling software licences has not yet become law. The measure was proposed by the government in an effort to increase the level of channelisation in the Swedish market, but has not yet gone to a vote in the Riksdag.

While the results of Sweden’s recent election mean that the government that introduced the bill no longer holds a majority, Spelinspektionen said it was still working to ensure the bill could come into effect as planned if it is passed. The text of the bill says that the new licence regime will come into force on 1 July 2023.

In order to do this, it has now said that it will open applications for licences from 1 March 2023 and encouraged suppliers to prepare applications to be submitted from this date.

The regulator said the..

July 20, 2022

Pennsylvania sets $5.04bn gambling revenue record in FY21-22

Pennsylvania set a new gambling revenue record during its 2021-22 fiscal year, generating a total of $5.04bn (£4.19bn/€4.92bn) in the 12-month period.

Revenue was 29.5% higher than the $3.87bn that was reported during FY20-21, which was incidentally also the state’s previous record total.

Land-based gambling drew the highest percentage of revenue during the year, with revenue from retail slots increasing 27.7% year-on-year to $2.41bn, while table games revenue also jumped 40.7% to $1.02bn.

Sports betting revenue edged up 2.2% to $315.8m, though the Pennsylvania Gaming Control Board (PGCB) did not publish a breakdown of online and retail revenue figures for this sector of the market, nor did it disclose handle details.

Valley Forge, along with partner FanDuel, ranked first in the sports wagering sector with $160.1m in revenue, some way ahead of Hollywood Casino at the Meadows’ Barstool Sportsbook on $52.5m and Hollywood Casino at Penn National and DraftKings with $23.8m.

Turning to..

July 15, 2022

Detroit casino revenue down 8.8% YoY in June

The three commercial casinos in Detroit, Michigan, posted $98.6m (£83.4m/€98.2m) in total revenue during June, an 8.8% drop on the same month last year.

Revenue from the MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown was down from $108.1m in June 2021 and also 9.3% lower than $108.7m in May of this year.

MGM retained top spot in the Michigan city with a 49% share of the market, ahead of MotorCity on 34% and Greektown with 17%.

Breaking down the monthly performance, table games and slots were responsible for $98.2m of all revenue for the month, but this was 7.2% lower than in June of last year.

MGM led this area of the market with $48.3m in revenue, up by 4.3% year-on-year. However, revenue at MotorCity was down 9.8% to $33.5m, while Greektown’s revenue dropped 26.6% to $16.4m.

The three casinos paid $8.0m in gaming taxes, as well as $11.7m worth of wagering taxes and development agreement payments to the City of Detroit.

Turning to retail sp..

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