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December 11, 2024
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The many commercial and state-run casinos in the Philippines reportedly saw their aggregated gross gaming revenues for the final three months of 2021 increase by 21.7% year-on-year to reach approximately $554 million.
According to a report from GGRAsia citing official figures from the Philippine Amusement and Gaming Corporation (PAGCor) regulator, this rise came as the government decided to begin easing a range of local coronavirus-related capacity and social distancing restrictions from November. The source additionally explained that the fourth-quarter resurgence took the full-year aggregated gross gaming revenues tally up by 12.4% year-on-year to around $1.8 billion although this was still 53% below the all-time high of some $3.8 billion set for 2018.<…
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December 11, 2024
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The Macau SAR Government reported significant growth when it came to gaming tax revenue generated in January 2024. The city earned MOP$7.34 billion, or US$911 million in January, which is 365% more than it had in January 2023.
The industry is recovering:
As the Financial Services Bureau (DSF) reported back then, the tax revenue in the same month 2023 was MOP$1.58 billion, or US$195 million.
Macau suffered a lot during the COVID-19 pandemic due to various restrictions that took place back then. However, the city is reco…
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December 11, 2024
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In Japan and a prominent political figure has reportedly poured cold water on suggestions that the government of Prime Minister Yoshihide Suga may be considering whether to legalize online casino gaming.
According to a report from Inside Asian Gaming, Hachiro Okonogi (pictured) serves as the Chairman for the ruling Liberal Democratic Party’s National Public Safety Commission and he used a recent press conference to vociferously deny rumors that iGaming legislation was being contemplated. The source detailed that the 55-year-old subsequently went even further by pledging that Suga’s administration would continue to crack down on illegal online gambling despite the activity having grown more popular as a direct result of the ongoing coronavirus pa…
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December 11, 2024
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The latest top-level employee to join the company is Irina Roman, which will serve as the company’s new head of account management and remain laser-focused on Pariplay’s main objective – to sustain its growth internationally.
Adding a Strong Veteran Who Understands Growth
The appointment comes on the heels of many similar additions to the company, and promotions from within, which are designed to make Pariplay a more flexible and agile business that is able to continue to scale its operations across entire continents, with a strong focus on North America and Europe.
The company has been signing a string of partnerships to make this happen. In the meantime, Roman is a…
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December 11, 2024
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Nolimit City has released a unique slot experience to take players deep into the dark hallways and shady streets of their worst dreams. After the recent eccentric hit releases like Road Rage and The Rave, the game developer has now pushed the thrill of the game to the verge of insanity with the new slot game, Rock Bottom!
Completely different storyline:
The slot’s theme is different from the common storylines ornamented with flowers and fruit waiting for players to pick them up and join the never-ending party. The gloomy plot is reflected in the stunning art style resembling a noir film to suggest that there is no chance to get out of the dystopian surroundings without emotional scars or pain. The game emphasizes the feverish characters that a…
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December 11, 2024
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Leaders of Congress, including Dina Titus (D-NV) who have been requesting from the Internal Revenue Service (IRS) to increase the tax reporting limit on jackpots from slot machines for almost a decade, have received some welcome support from an uncommon source, the agency’s Advisory Council.
Rising the threshold:
In a ruling in November 2023, the aforementioned IRS Advisory Council commented that the threshold amount must be lifted from $1,200 to $5,800, which represents an additional $800 over the amount requested by members of the Congressional Gaming Caucus. Additionally, a spokesperson for Titus, who was the first to ask the IRS Commissioner to lift the threshold for reporting slots jackpot in 2015, commented that the office was familiar with …
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December 11, 2024
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ABC reported that Victor Dominello, a senior Liberal minister from New South Wales, has spoken out about the power and impact of ClubsNSW, an influential gambling lobby group that he claims forced him out of his portfolio.
Dominello Slams ClubsNSW as the ‘Gun Lobby’ of Australia’s Gambling Industry
In an interview for ABC’s Four Corners, Dominello accused the group of being like “the equivalent of the gun lobby in the United States“. The not-for-profit lobby group represents over 1,000 registered clubs across the state, which collectively own and operate more than 64,000 poker machines.
ClubsNSW has defe…
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December 11, 2024
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The illegal transactions in the Macau casino industry are thriving, and the data that the Macau’s Financial Intelligence Office is concerning. The body released the data from 2023, and the suspicious transaction reports (STRs) rate is higher than ever.
The suspicious transactions in Macau:
In 2023, there were 3.431 suspicious transactions, according to the Financial Intelligence Office. The body started tracking the transactions in 2006, and in 2023 there were more suspicious transactions than ever since the beginning of reporting.
The Financial Intelligenc…
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December 11, 2024
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Casinos in the Northeast U.S. are currently facing a large number of problems as they prepare for the emergence of fresh rivals in NY City. Among those problems are the loss of business from illegal online operations, the ongoing debate over whether internet gambling hurts or helps the bottom line of physical casinos, and a potential smoking ban in Atlantic City. Additionally, these problems were recognized at a major casino conference held in Atlantic City on April 17th.
The impact of competitors from New York on the business flow of Atlantic casinos:
At the aforementioned casino conference, dubbed the East Coast Gaming Congress, held at the Hard Rock casino, panelists spoke of turbulence in the industry, especially as it’s in the middle of p…
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December 11, 2024
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Fresh from being certified to offer its titles to iGaming operators in the Canadian province of Ontario and the Armadillo Studios enterprise of Maltese innovator EveryMatrix Software Limited has announced the upcoming debut of its first branded video slot in the six-reel The Lioness advance.
The American firm used an official Tuesday press release to detail that its newest 40-payline video slot is to be themed around Brazilian professional mixed martial arts champion Amanda ‘The Lioness’ Nunes (pictured) and will be made available to iGaming operators around the world from August 2. The Miami-headquartered developer also proclaimed that the mobile-friendly game is destined to increase its reach into ‘new player bases and demographics’ while simult…