The 2023-24 financial year marked a period of unprecedented growth for South Africa’s gambling industry, with gross gambling revenue (GGR) reaching a new peak of ZAR59.3 billion. This figure represents a substantial 25.7% increase from the previous year’s ZAR47.12 billion, signaling robust industry dynamics. Unprecedented growth in gambling revenue: According to the National Gambling Statistics FY2023/24 report(pdf)
Casino News
South Korea-based IH Group is making significant strides in expanding its presence in the Pacific with plans to launch a major casino resort on the island of Rota, part of the Commonwealth of the Northern Mariana Islands (CNMI). The group’s ambitious project will include a casino, a 276-room hotel, and a waterpark, all scheduled to
Macau’s casinos experienced a significant rebound during the National Day Golden Week, recording daily gross gaming revenues (GGR) surpassing MOP$1 billion. This performance was close to the figures of 2019 and marked a 30% increase from 2023. The total GGR from October 1 to 6 reached MOP$6.5 billion, averaging MOP$1.08 billion per day, which exceeded market expectations and represented
Ontario Premier Doug Ford has revealed that his government is renegotiating the existing casino deal in Niagara Falls, aiming to bring about a significant shift in the region’s gaming industry. At the center of these discussions are Mohegan Gaming and Entertainment (MGE) and the Ontario Lottery and Gaming Corporation (OLG), as the province seeks to move away from what Ford
In a groundbreaking move within the global gaming industry, Wynn Resorts Ltd. has been awarded the first commercial gaming operator’s license in the United Arab Emirates (UAE), a significant endorsement from the country’s General Commercial Gaming Regulatory Authority. This milestone highlights Wynn’s growing footprint in the international market and sets a precedent for future commercial gaming ventures in
Light & Wonder is working on a revamped version of its popular Dragon Train game after a U.S. District Court ruled in favor of Aristocrat Technologies in an intellectual property dispute. The court’s injunction prevents Light & Wonder from manufacturing and selling the current version of Dragon Train due to alleged violations of Aristocrat’s intellectual
La Française des Jeux (FDJ), a key player in the European lottery and sports betting industry, has announced the successful acquisition of Kindred Group, a notable operator in the online betting and gaming market. This significant transaction marks a milestone in FDJ’s expansion strategy, further solidifying its presence in the competitive European gaming landscape. Substantial shareholder participation
In a significant development, the Native Village of Eklutna is preparing the groundwork for a groundbreaking gaming facility, marking a historic first outside of Southeast Alaska. This prospective 50,000-square-foot gaming hall is poised to reshape local entertainment and economic landscapes, contingent upon securing the necessary federal green light. Project genesis and approvals: The initiative, spearheaded by the
Relax Gaming, a pioneering iGaming aggregator and content supplier has marked a significant milestone in its North American expansion by forging a strategic partnership with PointsBet, a premier operator in Canada. This collaboration is set to enhance Relax Gaming’s robust presence in the Ontario market, where it has been active since April 2022. Strategic integration of premium content:
O’Shea Bookmaking Pty Ltd, operating under the brand TexBet, has faced legal repercussions, being fined $33,000 for violations related to its handling of a customer’s request to cease gambling activities. The judgment was passed in the Downing Centre Local Court on Wednesday, September 25, marking a precedent in New South Wales (NSW) for offenses that involve direct
DraftKings, the Boston-based sports betting giant, has recently been fined $200,000 by the Securities and Exchange Commission (SEC) for premature disclosures made on the personal social media accounts of its CEO, Jason Robins. This incident highlights significant compliance lapses in handling sensitive financial information. Regulatory oversight and financial disclosures: On July 27, 2023, statements regarding DraftKings’ operational growth were posted
The United Arab Emirates (UAE) stands on the brink of becoming a powerhouse in the global casino industry, with projections indicating potential annual gross gaming revenues (GGR) of US$3 billion to US$5 billion. According to multinational investment bank and financial services company Morgan Stanley, the UAE’s unique positioning, with its array of ultra-luxurious hotels and bustling international
Yggdrasil has expanded its presence in the Spanish iGaming market through a strategic partnership with Paf Group to support the launch of SpeedyBet in Spain. This collaboration brings Yggdrasil’s renowned slot portfolio, including fan-favorites like Valley of the Gods 2, to SpeedyBet’s Spanish customer base, enhancing the operator’s casino offerings. The partnership between Yggdrasil and
The online betting and gaming industry has seen a significant evolution over the past decade. What was once a solitary activity has now transformed into a social experience, thanks to the integration of various social features. These features are not just add-ons; they are becoming a core part of the user experience, shaping how players
Flutter Entertainment, the parent company of FanDuel, has projected that the U.S. gambling market will grow significantly, expecting it to exceed $60 billion by 2030. The latest forecast marks a notable increase of almost 60% from previous estimates made in 2022. Flutter’s stock surged by 8% following the announcement, reaching an all-time high. As part
The debate over gambling advertisements and their potential impact on minors has intensified in Australia, as the federal government faces mounting pressure to make a decision on proposed reforms. Opponents of a gambling ad ban, including industry representatives, are advocating for the use of age verification technology to prevent minors from accessing sports betting content.
Nolimit City is back behind bars with the much-anticipated release of San Quentin 2: Death Row, nearly four years after the release of the original San Quentin xWays slot, which has captivated players globally. The new installment raises the bar with substantial graphic enhancements and new gameplay features that promise to keep players on the edge of their
Former Grammy-nominated artist and entrepreneur Iggy Azalea has officially announced the upcoming launch of Motherland, a groundbreaking online casino that will exclusively use her cryptocurrency, the MOTHER token. The announcement was made during the Motherland Rodeo event at the Breakpoint conference in Singapore, where Azalea shared her vision alongside business partner Joe McCann and project manager Reece Pearson. Exciting
Fanball, a premier destination for daily fantasy sports, proudly introduced its latest innovation: Fanball Winners by Erin Andrews. This unique daily fantasy football game is designed specifically with the U.S. mass market of women and casual sports fans in mind, marking a significant expansion in fantasy sports participation. A simple, engaging fantasy game for all: Available for download
On September 19, Holland Casino celebrated the grand reopening of its Enschede location, following an extensive year-long renovation that has transformed the venue into a more modern and guest-friendly establishment. The reopening, which was marked by a private event, featured a ceremonial act led by Mayor Roelof Bleker. The newly revamped casino now meets all
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