Last year, Nevada’s casinos generated $26.2 billion in revenue, beating the previous record of $25 billion set in 2007 just before the Great Recession caused a downtrend in the industry. Furthermore, gambling revenues accounted for just 42.4% of their total business, down from last year’s figure of 42.6%, and...
January 30th, 2018 By Charles Washington
Moody’s Investors Services has just released a report examining the way in which the newest casinos opened up in New York over the past 13 months have been affecting the business of those already established casinos in the state. It doesn’t take much to figure out what is taking...
January 29th, 2018 By Stephen Smith
Delaware’s online gambling market generated a tiny $2.4 million in revenues for the whole of 2017, with that figure representing a steep 18% decline compared to the previous year. By comparison, New Jersey with a population of 9 million people, or almost ten times that of Delaware (952k), generated...
January 28th, 2018 By Adam Brown
Australian gaming group Crown Resorts – owned by James Packer – recently finalized its split from Melco International, with the company subsequently collecting around $3 billion from the offloading of its 34% stake in Melco Crown. According to Packer, the money will be used to help pay off debts...
January 27th, 2018 By Shane Larson
Anyone familiar with poker has heard the name Chris Moneymaker, who in 2003 helped kick off the poker boom after wining the World Series of Poker Main Event for $2.5 million. What made his WSOP victory stand out so much is that he earned his way through to the...
January 26th, 2018 By Charles Washington
It seems as though politicians have ramped up their efforts to ban online gambling in the United States, with some members of Congress having sent a letter in support of the Restoration of America’s Wire Act (RAWA) to the US Deputy Attorney General Rod Rosenstein on December 19th. Nevertheless,...
January 25th, 2018 By Stephen Smith
It was at the end of December 2017 that France’s gambling regulator AIUEL said that it would be sharing poker liquidity with Spain in just a few short weeks. On January 16th, PokerStars subsequently announced that it had become the first online poker room to allow players from both...
January 24th, 2018 By Lucy Brown
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