The gambling industry has evolved tremendously in the past few years thanks mostly to the many technological advancements that have been made in that period. Perhaps the most notable change is the invention of online gaming platforms and mobile gaming applications, both of which have opened doors for the gaming industry to reach players who are unable to access land-based gaming facilities or those who prefer to play the games from the comfort of their homes. It goes without saying that there is still a lot more that can be done to make the industry a safer and more accessible… Read More
Tag: gambling
Maryland Casinos Break New Revenue Records in 2018
Maryland’s six casino operators closed out 2018 with rather modest gaming revenue gains even though Horseshoe Casino Baltimore’s ongoing decline showed no signs of subsiding – only Horseshoe Casino saw revenue decline, which in this case was a 7.2 percent drop. According to figures released on Monday by the Maryland Lottery and Gaming Agency, statewide casino gaming revenue hit the $148.8 million mark in December 2018, a 5.2 percent increase over the same month in the previous years and an improvement of $8.4 million over what was recorded in November 2018. The Specifics Casino gaming revenue by itself contributed to… Read More
Playtech Earnings to Take a Hit Due to Tax Hikes in Italy
2018 has been a rather torrid year for renowned gambling firm, Playtech (PTEC) and it looks like 2019 might turn out to be an even worse period for the company. This news comes in the wake of a recent announcement by the company where they revealed that a hefty impact on their 2019 profits thanks to new gambling tax hikes in Italy. The company said that it expects its 2019 adjusted EBITDA to fall by about $22.7 million after the Italian Senate passed the government’s 2019 budget which includes legislation to increase taxes on various types of gambling activities. The… Read More
Swedish Gambling Authority Issues More Gaming Licenses
Lotteriinspektionen, Sweden’s gambling authority has awarded five more gambling operators licenses to operate in the country’s regulated gambling market. This is perhaps part of the country’s preparation as it comes closes to launch of its much-awaited liberalized online gambling market – the laws pertaining to this development are expected to be implemented in less than a month. As it stands, the total number of licenses that have been issued by the gambling authority is 31 which is pretty impressive especially considering the fact that the newly liberalized gambling market is expected to go live by January 1. A few other… Read More