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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Macau Casinos Are Ready To Operate Amidst The Coronavirus Threat
The country reported 46 cases of the novel coronavirus, and its last case went home from the hospital in March. There was no reported of a confirmed new case of infection on the island over the previous 28 days. China’s special administrative zone reported zero casualties from the deadly virus. However, its casinos saw massive […]
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Casino’s Use Of Biometrics And AI-powered Identity Verification In Online Gambling
Social media and other platforms raised the risks of identity theft and other forms of digital crimes. Without proper identification and verification software, the risk of addiction and minor exploitation rises. Many online casino platforms have an underperforming customer identity validation system, which increases the subscriptions of underage gamblers. Criminals, such as money launderers, flooded […]
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Macau Partially Resumes Tourist Visas, Hopes For Gambling Industry’s Recovery
The prolonged travel restrictions from and to the country have caused massive damage to its casinos’ revenue, which dragged down its economy. Casinos in Macau shut down operations in mid-March because of the government’s battle against the novel coronavirus. Travel restrictions were imposed to prevent the spread of the novel coronavirus. The neighboring nations banned […]
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European Gambling Commissions Adapts Strict Rules On Legal Online Gambling
More countries worldwide are moving towards the legalization of their online gambling industry. The world’s outlook towards online gaming changed from a more positive perspective because of its potential to produce massive revenue if adequately regulated. Countries with legislation on online gambling, such as Macau and the US, proved the industry’s capability to stimulate growth. […]
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