Argentina’s Ministry of Economy has issued a law that establishes that the import regime for slot machines, among other goods, be modified from automatic licenses to non-automatic licenses. Such change was dictated within the framework of measures to exercise greater control over the goods arriving in the country for theirContinue Reading
Century Casinos announced Friday its financial results for the second quarter of 2022. The company reported a 21% increase in its net operating revenue in a year-over-year comparison to $111,1 million during the period. The brand’s earnings from operations were $208 million, an increase of 15% from the same period in 2021. Net earningsContinue Reading
In Summary: MGM China’s 1Q2022 revenue has dropped 9% to $268 million on a YoY compariso The same figure was 15% lower compared to the fourth quarter of 2021 MGM China’s EBITDA also recorded a loss of $26 million, mostly caused by ongoing travel restrictions that impacted MGM Cotai andContinue Reading
Ohio has had it rough as the state’s casinos and racinos faced various restrictions, from reduced operational hours to a limited number of slot and table games for the most part of 2021. A positive trend seems to be emerging, though. Ohio’s Gambling Properties See Record Numbers in February Ohio’sContinue Reading
PAGCOR -the state-run Philippine Amusement and Gaming Corporation- has posted net income down nearly 87% to P203.6 million ($3.9 million) in 2021, according to new figures released by the regulator. The Philippines casino industry was severely hit by the Covid-19 pandemic, with lockdowns and preventive measures still in place duringContinue Reading
Kindred Group has responded to the Swedish government’s proposal to reintroduce liability measures by saying that these types of temporary restrictions will have a detrimental effect on consumers. Instead of protecting consumers and improving safeguards, Kindred thinks that the measures will undermine the current progress achieved. The Measures Were ProposedContinue Reading
Nevada Gaming Abstract – 2021, a combined financial information report released by the Nevada Gaming Control Board (NGCB), revealed how thin the margins within the casino industry are. What a Difference a Year Can Make The report covering the financial results across all casino licensees in Nevada which reach orContinue Reading
Spain’s national competition authority, Comision Nacional de los Mercados y la Competencia (CNMC), expressed its support for the draft legislation for tighter online gambling regulation. ‘Correct Adaptation to the Principles of Good Regulation’ The CNMC, Spain’s authority that ensures markets from all sectors adhere to consumer and company standards, releasedContinue Reading
Michael Dugher, chief executive of the Betting and Gaming Council, the industry’s standards body for UK betting and gaming, has called for financial support for casinos should further Covid restrictions be introduced as the Omicron variant continues to spread. In a press statement released on Thursday, the CEO remarked venuesContinue Reading
According to the South China Morning Post (SCMP), Beijing has given final approval for dropping its hard border with Hong Kong. This allows fully vaccinated Hong Kong residents to travel without quarantine to Guangdong Province or Macau. New Travel Rules Coming Soon After Hong Kong’s legislative elections on December 19,Continue Reading