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Aristocrat Leisure Ltd is swimming in enough cash that the Australia-based slots and entertainment company plans to buy back, at market rates, up to AUD500m (US$353.61m) of its own stock without taking a material hit in the enhancement. That is possible because the company generated AUD580.1 million (US$403.9 million) in profit (NPATA) during the first
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The global online gambling market is expected to reach US$142.38 billion by 2026 with over a third of that growth in the Asian Pacific markets, mainly China. Parsing the numbers from several online gambling-focused markets reports, it’s easy to put facts with the anecdotes that online gambling virtually exploded when people were shuttered from terrestrial
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The first federally licensed online slot casinos could launch in Germany as soon as June 1 according to one of the sites that were recently announced as a licensee. JackpotPiraten.de and BingBong.de are both sites owned by Gauselmann Group subsidiary, Mernov Betriebsgesellschaft mbH. The announcement first appeared on the website of the German Ministry of
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Securities regulators in Texas and Alabama seem to be on a roll ordering so-called metaverse casinos to stop offering players a piece of the casino action, and this time they are joined by regulators in Kentucky, Wisconsin, and New Jersey as well. The so-called Flamingo Casino Club is under the microscope and has been issued emergency
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The Gambling Commission in Great Britain has released research related to “Statistics on participation and problem gambling for the year to March 2022,” with finding derived from its regular quarterly telephone survey. Yonder Consulting conducted a survey in which about 4,000 residents aged 16 and older were interviewed over the telephone using representative sampling and
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Late last week, Chicago’s Mayor and Bally’s CEO announced that Bally’s had indeed been chosen to build a casino resort in the Windy City after reports just a day earlier denying a decision had been made. Insiders in all of the city’s major news outlets were sensing the direction of the breeze. It turned into
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