PAGCOR Reveals a Loss of US$48 Million in its First Half
The Reason behind the Huge loss The regulator found that its revenue from all gaming operators reduced steadily during this second quarter. The reason behind the decline is due to the several casinos in the country, which remained closed for three to four months from March due to the effect of COVID-19 pandemic. During the […]
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Data Shows Top Ten Leading Online Gambling Companies’ Brand Value At $23.62 Billion
The industry saw massive growth as the novel coronavirus threatens public health in more than four months. The growing number of smartphone users around the world contributed mainly to the success of the industry. During the prolonged lockdowns imposed to prevent the spread of the novel coronavirus, casinos and other gambling facilities halted their operations. […]
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Bitboss Launches New Android Bitcoin Gambling App
The platform primarily uses bitcoin and offers a secure and fun way to access games even while on the go. Bitboss confirmed the release of the new gambling app with a post on Twitter. As of this writing, the Dragon BSV gambling app has two games on the platform: Baccarat and Roulette. While the app’s […]
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Playtech Expands Existing Partnership With Europe’s Fortuna
Playtech has expanded its partnership with Fortuna, the leading gaming and sports betting operator in Central and Eastern Europe, to extend its influence in the Czech Republic. Going digital is the new trend in the gambling industry. The novel coronavirus boosted the influence of online gambling since people are trapped in their home with gadgets […]
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Online Casinos Shows Great Financial Outputs
In its early years, the industry is linked to crimes and fraud, but, as technology rapidly develops, people are changing their outlook towards the billion-dollar industry. More and more countries see the potential of the industry as a contributor to the growth of the economy. State leaders in many parts of the world are pushing […]
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Macau Casinos See More Losses As China Reinstate Coronavirus Travel Restrictions
Dreams for recovery shattered when the news that China plans to reinstate coronavirus travel restrictions circulated. Two weeks ago, authorities in the Guangdong province lifted the order that visitors from Macau needed to undergo a 14-day quarantine before entry to the mainland. China has shut down its borders to travelers from Macau on March 15 […]
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Analyst Expects Macau Casinos To Post $1 Billion Losses In The Second Quarter
The gambling institutions closed doors to clients in mid-March because of the threat of the novel coronavirus. Casinos and its related sectors projected huge losses because of the prolonged stay-at-home mandates. Business operations remained in shutdown for months, dragging revenues down to almost zero levels. Governments decided to open the economy as treasuries near depletion […]
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Evolution Gaming Closes Deal With Intralot Live Casino
Evolution Gaming is adding Intralot into its growing portfolio of international partners. With this new partnership, Intralot will now have access to Evolution Gaming’s wide selection of live casino services. On the other hand, Intralot currently has operations in 44 markets but not all of them allow online casino. A push for wider market The […]
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Ellmount Gaming Signs a Deal with Rightlander for Compliance Monitoring
Ellmount Gaming Gets Access to Multiple Compliance Tools As a part of the deal, Ellmount Gaming will get access to Rightlander’s broad spectrum of affiliate compliance tools. Such innovative compliance tools include PPC Monitor, Affiliate Mapping Tools, Compliance Live, and Automated Compliance Monitor. When it comes to the identification of non-compliant content, the Automated Compliance […]
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Adelson’s Singapore Casino Settles Lawsuit With $6.5 Million Payment
Casinos in Singapore are among the 13 establishments given the signal to resume operations. The Ministry of Trade and Industry and Singapore Tourism Board approved the entertainment venues to operate after careful examination of the novel coronavirus data provided by health regulators. The ministry placed limitations on the establishments’ operational capacities, allowing only a quarter […]
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