Thai lawmakers are looking into legalizing online betting and Singapore-style casinos. Their goal is to improve the nation’s coffers. However, experts warned that the country needs to install strict rules to ensure the success of the potential gaming industry. One possible course of action is to follow Singapore’s lead and implement measures that limit access …
Category: Gambling Industry News
The latest updates in the gambling industry news category are sure to get your adrenaline pumping. From new regulations to groundbreaking innovations, there is never a dull moment in this fast-paced industry.
Speaking of excitement, have you heard about the sportsbook pay per head revolution? This game-changing concept allows bookies to outsource their sports betting operations, streamlining their business, and maximizing profits. Learn more about PPH and other services via gambling industry articles.
Read the Latest Gambling Industry News
Philippine e-Gaming Industry Growth Doubled in 2023
The Philippine e-gaming industry enjoyed a banner year in 2023. According to sportsbook pay per head industry experts, its revenues almost doubled year over year. Furthermore, the Philippine Amusement and Gaming Corporation attributed the success to policy reforms. The e-gaming industry, which encompasses online games, bingo, specialty games, and sports betting, brought in Php 58.16 …
Latvia Gambling Industry Improved in 2023
The Latvia gambling industry earned 288 million euros in 2023, an increase of 9 percent from the previous. However, it should be noted that casinos were closed in the first two months of 2022 due to the pandemic. In last year’s gaming industry, online gambling accounted for 47.6% of the income, while onsite gambling businesses, …
Michigan Online Gambling Revenue Broke Records in 2023
The Michigan online gambling industry increased its revenue in 2023 compared to previous years. According to gambling industry news reports, the total revenue for the year increased 18.3 percent year over year to $2.34 billion. Thus, it is higher than the $1.98 earned in 2022 and $1.40 billion in 2021. According to bookie PPH experts, …
The Philippine Gaming Industry Achieved Revenue Record in 2023
The Philippine gaming industry achieved a new milestone in 2023. It earned a record-breaking revenue that exceeded pre-pandemic numbers and predictions for the previous year. The Philippines’ gaming regulator, Pagcor, said that gross gaming revenue (GGR) for 2023 was P285.27 billion. According to pay per head reports, it increased 33.1% from P214.33 billion the previous …
UK Gambling Commission Fined Gamesys for Breaching Policies
The UK Gambling Commission fined Gamesys for violations from November 2021 to July 2022. Bally’s acquired the company in 2021. Also, the UKGC claimed there were instances the company failed to identify players at risk of experiencing harm related to gambling. In addition, its system could not identify problem gamblers and limit their deposits. According …
Global Casino Gaming Equipment Industry to Reach $18.53 Billion by 2030
You can find casino gaming equipment in malls, casinos, and other entertainment venues. Casinos provide various games with different gaming accessories. Also, the casino industry will follow suit as consumers experience increased disposable income. Thus, there will be a high demand for casino equipment. In 2021, the worldwide market for casino equipment was worth USD …