Online gambling operators are striving to increase their revenues. A new projection says the market will reach $1.22 billion by 2023. In just five years the market will be among one of the highest earners for Spain. The report came from Ficom Leisure. Spain has not been very high on the analyst’s minds because it is a fairly new market allowing online gambling. But, not anymore. Spain has now become the focus of international market analysts with the billion euro prediction. It is likely Spain will see $1.84 billion as industry revenues over the next three to five years. Spain… Read More
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GAN Boosted Earnings, First Time in Five Years
GAN or the former GameAccount Network posted information Thursday, March 29, 2018, that shows a higher gross income for 2017. The online technology provider for casinos was able to decrease losses for 2017 and increase their revenue. GAN Year End 2017 results have more information. Despite putting in a filing back in January 2018, the company has more to share. The new data shows that in 2017, earnings were up 30 percent over the prior year. It meant a revenue of 41.1 million pounds. Net income was also up by 17 percent. In previous years, the losses have been 932,000… Read More
Ladbrokes Must Pay $100 Million in Taxes
Taxes, it doesn’t matter where you live are something you must pay. How much you end up paying is always based on the income you make and current tax laws. Ladbrokes was hoping to get a reprieve from paying $100 million in taxes, but it does not seem to be working. Before one can understand the denial from the UK court system, one must first know what the big deal is regarding Ladbrokes. In 2008 a tax loophole existed where corporations like Ladbrokes could take a tax write off. The write off had to do with loans the company had… Read More
Las Vegas Asks for Extra Grace Period with Loan Payments
Las Vegas Sands otherwise known as LVS is arguably the top-earning casino in the world, however, even the greatest of earners has come back and stated that paying debts can be a little tough. Sort of makes you feel a little better, doesn’t it? This Monday the corporation notified the Securities and Exchange Commission otherwise known as SEC that they had decided to lengthen the initially agreed upon time period with respect to the Marina Bay Sands casino in Singapore’s debt. The loan with the Marina Bay Sands has been extended for another three and a half years, it was… Read More