Macau Casinos To Post $823M Quarterly Loss

Macau casinos are expected to post losses of $823 million during the third quarter of 2020, following six straight months of revenue loss. According to a Bloomberg survey of analyst estimates, the Macau casino operators will post losses in earnings before interest, tax, depreciation, and amortization for the quarter ended September 30. Each of the …

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Mexico Reins In Casino Industry by Halting Licenses

Mexico has decided to rein in the casino industry by halting new licenses and probing whether or not previous licenses were lawful. Known for its incredible beaches, cuisines, and casinos, the North American Country is an obvious choice for gamblers who love to visit the place. However, it looks Mexico casino industry is being shut …

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Argentina To Allow Online Gambling in Buenos Aires

After years of reluctance, government officials in Argentina have finally nodded to legalize online gambling in Buenos Aires. Argentina has been witnessing a flourishing casino industry since the 1990s. However, the authorities had been hesitant to allow the online gambling industry in the South American country. However, the new reports suggest the change of heart …

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Mobile Gambling To Hit $250 Billion by 2027

Mobile gambling has been continuously growing, and the industry is expected to hit an annual global market size of $250 billion by 2027. This snowballing trend should come as no surprise in a world with around 3.5 billion smartphones and roughly some 1.6 billion gambling enthusiasts. The Ever-Increasing Mobile Gambling Trend In 2019, the global …

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US Casino Revenue Drops Significantly Amid COVID-19

The novel coronavirus has affected the US gambling industry, with the total revenue dropped 79 percent due to the shutdown across the country. As many as 1000 land-based casinos had been closed since March that led to this nosedive effect, according to the American Gaming Association (AGA). On the contrary, the online gambling industry not …

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West Virginia Launches Online Casinos

Finally, West Virginia has become the fourth US state to legalize online casino gambling, with DraftKings as the first operator to lead the industry. Delaware, New Jersey, and Pennsylvania are the other three states legalized industry. It has been hinted that more will follow the operators will follow DraftKings’ footsteps. Online Casinos Arrive in West …

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Evolution Gaming to Acquire NetEnt in $2.1 Billion Deal

Evolution Gaming, one of the leading players in live casino gaming, has offered to acquire its direct rival NetEnt, in a $2.1 billion deal. NetEnt has publicly expressed its interest in the deal, stating that the board of directors unanimously nodded to the agreement. If all goes as planned, the acquisition and subsequent merger of …

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The Slot Mathemagician Presents: More Math for Progressive Payouts

Last month we examined progressive jackpots to see how they affect real money slot machines’ theoretical hold and your casino in general. We saw that the amount contributed to a progressive jackpot must come from somewhere — either from the hold amount, the theoretical payout or a combination of both. In order to convert an …

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Increased Slot Floor Revenue from the Ortiz Standard

Ortiz Gaming has created the next evolutionary step in the slot floor with the Ortiz Standard. Using a complex combination of our proprietary unbendable math and hold models, an often-imitated game configuration, denomination control, a series of time-inchair methodologies, and a revenue-expanding buy-a-pay extra bonus ball feature, the Ortiz Standard not only increases win-per-unit but …

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Lessons for Casinos from the Brief History of Online Poker

Online poker is preparing for another seismic shift, this time from impending regulation in the United States. Once regulated, brick-and-mortar casinos will naturally begin to evaluate the business opportunity of starting, acquiring or managing their own online poker room. However, casino management would be wise to first sift through online poker’s history to glean valuable …

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