Category: Internet gaming
Online Betting, Marijuana Altering State Tax Bases
US states have long applied “sin taxes” to items such as alcohol, beer, cigarettes, other tobacco products, and wine as avenues for bolstering revenue. More recently, marijuana and sports wagering have been added to the mix, representing alterations to some states’ revenue compositions. Illinois Gov. J.B. Pritzker arrives at the State Capitol to deliver his…
Read MoreZelenskyy Limits iGaming Access in Bid to Damp Military Betting Addiction
Ukrainian President Volodymyr Zelenskyy implemented new restrictions on internet casinos in the country in an effort to combat problem gaming among military personnel. Ukrainian President Volodymyr Zelenskyy speaks to the press. He’s attempting to limit troops’ exposure to black market betting sites. (Image: Ukrainian Presidential Press Office via AP) Ukrainian army serviceman Pavlo Petrychenko, who…
Read MoreNew Jersey iGaming Revenue to Surpass Atlantic City Casino Earnings, Analyst Predicts
It’s a matter of when, not if, iGaming gross gaming revenue (GGR) in New Jersey exceeds that of the nine casino hotels on the Atlantic City Boardwalk. The Atlantic City Boardwalk. Casinos there are increasingly vulnerable to iGaming competition. (Image: Shutterstock) That’s the outlook offered by Deutsche Bank analyst Carlo Santarelli who in a recent…
Read MoreNational Voluntary Self-Exclusion Program to Debut This Summer
The United States gaming industry is bigger than ever, and that comes with some societal costs, including problem play. A forthcoming nonprofit program seeks to aid problem gamblers with a one-stop resource to exclude themselves from gambling outlets across the nation. The National Voluntary Self-Exclusion Program for casinos and online gambling is set to debut…
Read MorePennsylvania Gaming Revenue Hits Monthly High as March Win Tops $554.6M
The state of the Pennsylvania gaming industry has never been better. Parx Casino remained the dominant brick-and-mortar casino in Pennsylvania in March with gross revenue of $52.8 million. The state gaming industry’s record monthly performance was driven online where iGaming revenue exceeded $191 million. (Image: YouTube) The Pennsylvania Gaming Control Board (PGCB) unveiled March revenue…
Read MoreJACK Entertainment Executive Says iGaming in Ohio Would Devastate Casinos
A top executive at JACK Entertainment, the Ohio-based gaming operator that owns two gaming properties in the Cleveland metropolitan area, says online casinos would push brick-and-mortar casinos into bankruptcy not unlike online shopping did with retail malls. Executives with JACK Entertainment, which owns and runs JACK Cleveland Casino, are opposed to Ohio lawmakers considering iGaming…
Read MoreInspired Entertainment Could Be Inspired Rebound Story, Says Analyst
Hampered by a regulatory probe into its 2023 earnings restatements, Inspired Entertainment (NASDAQ: INSE) has seen its shares decline 21.7% over the past year, but at least one analyst sees opportunity with the supplier of video gaming terminals (VGT) and software. The Inspired Entertainment corporate logo. Truist Securities believes the stock can rally. (Image: PR…
Read MoreGames Global Looking to Raise $100 Million in US IPO
Games Global, a developer of casino games for the iGaming industry, filed plans on Tuesday for a $100 million US initial public offering (IPO). The Games Global corporate logo. The company filed plans for a $100 million US IPO. (Image: Games Global) The Isle of Man-based company commenced operations in 2021 and is expected to…
Read MorePennsylvania iGaming Participation Grows, but So Do Responsible Play Challenges
A new study of the online gambling market in Pennsylvania finds that participation grew by 5% last year to 16%. It marked the first annual participation increase in the three years of the comprehensive review. A study from Penn State University concludes that more players gambled online last year via online casino apps like Parx…
Read MoreUkraine Soldiers ‘Pawning Drones and Thermal Imagers’ to Gamble, Commander Says
Online gambling is apparently so rife among Ukrainian troops it’s prompted one unit commander to petition the country’s president, Volodymyr Zelensky, to impose restrictions. Many Ukrainian soldiers are turning to online gambling to cope with the stress of war, according to one unit commander who has asked President Zelensky to crack down on the industry.…
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