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Latest Online Casino News and Articles

Tribal Gaming Revenue Reached $40.9 Billion in 2022

Details: Category: Casino News; Created: Saturday, 22 July 2023 23:04

According to the latest NIGC report for fiscal year 2022, tribal gaming revenue reached $40.9 billion. It was an increase of 4.9 percent from the previous year. Also, the NIGC pointed out that the industry has an upward trend as they see growth opportunities over time.

However, the NIGC stressed that hasty generalizations should not be made when comparing regional outcomes. According to bookie pay per head sources, the regulator stated that several variables, such as the introduction of new gaming operations, renovations, and expansions of existing enterprises, temporary or permanent closures, and so on, might affect annual performance.

Meanwhile, the record-breaking earnings show that tribal gambling operators can weather tough economic times and contribute significantly to their local communities.

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China’s Casino Crackdown is Part of Quest to Transform Macau

Details: Category: Casino News; Created: Friday, 24 September 2021 12:33

china casino crackdown Many investors were surprised about China’s casino crackdown in Macau. As a result, many foreign investors sold off their casino shares. Also, Beijing’s latest move was part of the quest to transform Macau.

The Chinese government has been trying to control the gambling industry that led to the growth of Macau’s economy. At present, its value is around $24 billion. However, the government didn’t like how casinos became a way for China’s elite to spend their money.

The government tried several ways to curb casino spending. For example, they installed facia-recognition technology in ATMs, limited cash withdrawals, and considered using digital currency. Also, the government is planning to dilute Macau’s dependence on gambling.

China’s Casino Crackdown

In 2019, China released a plan for the Greater Bay Area that included Macau, Hong Kong, and parts of southern China. The goal was to transform Macau into a global tourism and leisure hub. Thus, gamblers’ preferred casinos would turn into traditional Chinese medicine parks, convention centers, and sports stadiums.

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