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China’s Crack Down On Capital Flows Hits Macau VIP Casino Industry
Macau is the only Chinese territory that allows gambling operations, and its economy is reliant on the industry. Changes in China’s travel, gambling, and financial circulation policies have a massive effect on the gambling mecca’s economy. Hopes are high when China’s Guangdong province resumed the tourist visas for travelers to Macau. Casino operators expected gamblers […]
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BoyleSports Expands Retail Betting Portfolio
The bookmaker is focused on building a significant retail portfolio in the region since entering the market last summer. Online betting is one of the fastest-growing industries in the UK. The Gambling Act of 2005 opened the window for online gambling operations in the UK. Since then, online betting retail shops and mobile apps popped […]
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Chinese Operators Dominates Casino Investments In Myanmar
In recent years, the area attracted investors because of its strategic location. The government plans to develop the area into an economic corridor that will connect the two port cities of Vietnam and Myanmar. Myanmar‘s urban expansion turned the banks of the Moei River into its second-largest border trading zone. The joint venture of the […]
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Mobile gambling continues growth in 2021
Land-based casinos suffered a massive decline in revenues because of the government lockdowns imposed to curb the spread of the novel coronavirus. The absence of bricks and mortar casinos and other land-based gambling institutions boosted the rising influence of online gambling. Mobile gambling and faster internet speed contributed to the growth of online gambling. Mobile […]
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Ladbrokes Revenue Fall Amidst Growth In Online Gambling
The company’s revenue in six months declined by 11 percent to £1.5 billion, and its gross profit fell 13 percent to £1.5 billion. The prolonged lockdowns closed land-based casinos and other gambling facilities. Betting shops were among the land-based gambling facilities forced to shut down in March because of the novel coronavirus. The closure caused […]
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Increase Internet gambling, Smartphone Penetration Boosts Global Online Gambling Market
MarketWatch.com’s research projected that the global online gambling market will grow into $94.37 billion by 2025, with a compound annual growth rate of 10.28 percent. The research claimed the increase in internet gamblers and smartphone penetration in the industry was among the contributors to the industry’s growth. The newly emerging industry poses a high potential […]
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Wynn Macau Ltd Establishes Wynn Care Foundation
The carter said Wynn Resorts SA, the Wynn Macau’s unit that holds its gaming rights, officially established the Wynn Care Foundation. Macau formally recognized the new foundation in July. Macau’s Official Gazette noted that Galaxy Entertainment Group Ltd was the first casino operator to establish a similar foundation in 2014. The publication also said other […]
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UK’s Betting and Gambling Commission Expresses Dismay Over Latest Reopening Delay
The country imposed drastic measures to stop the spread of the deadly pathogen. The economy of the country dropped massively because of the continuing spread of the virus. UK’s economy fell to a record 20.4 percent in the second quarter, pushing it down to the recession, because of the lockdowns imposed to curb the spread […]
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FansUnite, Askott Merger Creates Canada’s Leading iGaming Company
The novel coronavirus pandemic boosted online gambling’s influence. People can no longer visit the land-based casinos because of the lockdowns. The absence of land-based gambling facilities spread the influence of online gambling. Online gambling companies raced to fill the high demand for online gambling. Land-based casinos started partnerships with online gaming solutions provider to join […]
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Online Casinos Becomes The Trend In 2020
Large cities build casinos to boost their economy as it develops tourism and infrastructure. Casinos have catered entertainment needs of many places for decades. As the world turns digital, the gambling landscape has also changed. The rapid development in “the internet of all things” and “mobile gaming” drastically altered the gambling industry. People are shifting […]
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