Month: December 2024

According to the American Gaming Association’s latest report, an estimated $511 billion is the annual turnover of illegal and unregulated gambling in America. These illegal sportsbooks, iGaming websites, and unregulated casinos deprive state governments of $13.3 billion in tax revenue each year.

Illegal revenue estimates:

This presumed tax revenue is around $2.5 billion more than the state revenue generated by legal operators in 2021 (being $11.7 billion). Further, the illegal competition costs the legal gaming industry $44.2 billion in annual revenue to represent almost half of the $92 billion industry’s revenue in 2021.

“Illegal and unregulated gambling is a scourge on our society, taking advantage of vulnerable consumers, skirting regulatory obligations, and robbing communities of critical tax revenue for infrastructure, education, and more,” said AGA President and CEO Bill Miller. “We have always known that the illegal and unregulated market is expansive, but this report illuminates just how pervasive it is.”

AGA report features:

The AGA report is extensively based on a survey of 5,284 U.S. adult citizens wh…

Galaxy Entertainment Group revealed net income of HK$10.3bln, which is approximately US$1.32bln, for the period of 3 months leading to December 31 of the previous year, which jumped by 254% compared to the previous year and by 7% consecutively as it proceeds to recover from the years when pandemic reined.

Revenue data for Q423:

The above figures involved gross gaming income of HK$9.24bln, which is roughly US$1.18bln, and which increased by nearly 6% compared with the results from the September’s quarter of last year. In addition, adjusted EBITDA of HK$2.8bln, which is roughly US$358m, countered a loss of HK$163m, which is roughly US$20.8m, from the fourth quarter of 2022 and was largely in accordance with the third quarter, even though the aforementioned firm pointed out that it performed poorly to the tune of HK$103m, which is roughly US$13.2m, for the said quarter.

In terms of segments, the mass table drop saw an increase of 2.6% to HK$30.7bln, which is approximately US$3.92bln, with earnings of HK$7.83bln, which is roughly US$1.0bln. Additionally, rolling chip volume also experienced an increase of 6.6% to HK$34.6bln compared to the same quarter to HK$…

The Chicago Plan Commission and Illinois Gaming Board, known as Illinois regulators, are still assessing Bally’s entire casino proposal, Mayor Lori Lightfoot’s Bally’s Chicago, which the company presented in August. However, on Thursday, February 9, they gave the go-ahead, which means licenses for an interim gambling hall at Medinah Temple.

Technically, approval was given to Medinah Building LLC, the company responsible for the physical structure of the site, and Medinah Holdings LLC, which is responsible for the land on which the gambling hall will be constructed.

The gambling hall would be supervised and managed by Bally until a lasting casino is constructed west of the Chicago River.

Approval of initial vendor licenses:

State regulators voted unanimously to approve initial vendor licenses for the politically connected owner of the significant Medinah Temple at 600 N. Wabash Ave., which is required to serve as Bally’s interim casino for at least 2 years while the Rhode Island-based company constructs its lasting facility at Chicago Avenue and Halsted Street.

The regulator can’t quickly make a final decision regarding a permanent Chicago …

Microsoft is currently testing a system-level night mode for Xbox consoles, with users in the Xbox Insiders Alpha Skip-Ahead ring having access to the options right now.

The new update will give you the ability to set schedules for when your console goes into night, including manually scheduling and automatic scheduling according to your time zone’s sunrise and sunset times. In night mode you can set several parameters to make gaming in the dark more comfortable, such as an adjustable blue light filter (which can affect your ability to fall asleep) and the overall brightness of the image sent to your display.