The British-based online operator 888 reported that despite the revenue growth for the first half of the year, the company marks a significant pre-tax loss of $17.3 million in comparison to its profit for the same period last year, estimated to be $27.8 million. This means that the company’s losses […]
Casino News
Tax Exempt Status of Indiana’s Tribal-Owned Casino Adds Fuel to the Fire
The first tribal-owned casino in Indiana and more precisely the Four Winds Casino in South Bend may turn out to be the Apple of Discord among the gambling operators, as the Pokagon Band of Potawatomi Indians, known to be the owners of the upcoming casino, does not need to pay […]
Betway Cements Presence on eSports Market, Sponsoring ESG Tour
PvPro Gaming announced that the international online gambling company Betway is to be the major sponsor of the ESG Tour, which is set to kick off on 7th September in the Greek island of Mykonos. The competition is to offer a massive prize of £200,000 for the winner, solidifying Betway’s […]
Online Casinos Benefit from Third Parties to Target Vulnerable Players
After the UK-based online gambling operator 888 was fined the record amount of £7.8m for failing to help players with gambling problems, a scandalous revelation came under the spotlight. An investigation dug out a scheme, which is utilized by online gaming operators to target vulnerable players. It emerged on the […]
eSports Betting Opens Good Financial Perspective for New Jersey
On Thursday last week, Governor of New Jersey Chris Christie signed a fantasy sports bill, which put all daily fantasy sports (DFS) operators under a regulated environment, imposing 10.5% tax on them. This gave rise to another opportunity for the state to boost its economy and that is to regulate […]
Officials Remain Optimistic Despite Revenues Slide at Pittsburg Casino
The new Kansas Crossing casino in Pittsburg, which managed to win over two other bids for a casino in Southeast Kansas and opened at the end of March this year, reported that its revenues cannot reach the projected monthly peak of $3 million, but the officials’ comments on the matter […]
York Casino Campaign Gets Assistance from “Brexit” Advocating Firm
The referendum campaign for a new casino in York County has been reported to benefit from the services of the same controversial ballot firm, which talked the Brits to support “Brexit” and farewell the European Union. This time the goal is to persuade the British nation to support the southern […]
Court Cracks Down Illicit Gambling Operations in Alabama
On Tuesday, 22nd August, Alabama Attorney General Steve Marshall waved the flag of victory, after the Jefferson County Circuit ruled out against a company, accused of offering illegal online sweepstakes games to Alabama-based players. The Jefferson County Circuit slapped on the wrist the online gambling website Redibids, which was accused […]
Trinidad and Tobago’s Latest Step Forward on Casino Regulation
The government of the Republic of Trinidad and Tobago is sprinting ahead to introduce a new policy, regulating and taxing the casinos. The Joint Select Committee (JSC), which is specially assigned the task to overview the Gambling (Gaming and Betting) Control Bill is to hold public hearings, considering the stakeholders’ […]
Star Casino Masterminds Plan to Revive VIP Gambling Business
Following the arrest of the Crown Resorts casino employees earlier this year, Star Entertainment Group, known to operate a number of gambling facilities, witnessed a considerable decline in the revenues, generated by its gambling operations on the Asian market. Aiming to compensate for its losses, the company launched renovation projects […]