Latvia Reports Sharp Drop in Gambling Revenue for First Half of 2021

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iGaming Business

ATG flags ‘alarming’ increase in illegal Swedish gambling

Data published today (23 November) by ATG shows channelisation rates for regulated online gambling in Q3 was between 70% and 82%. This rate refers to the igaming market as a whole but fluctuates for different gambling types. Online sports betting had a channelisation rate of 88% in Q3, whereas online casino was lower at 74%. ATG added that…

Finance ・ 23 November 2023

The Washington Times

New Jersey casino, internet, sport bet revenue up 6.6% in October but most casinos trail 2019 levels

ATLANTIC CITY, N.J. - New Jersey's casinos, racetracks that take sports bets and their online partners won over $423 million in October, up 6.6% from a year earlier, according to figures released Friday by state gambling regulators. But the casinos' key metric - the amount of money won from in-person gamblers - continued to trail pre-pandemic…

Finance ・ 18 November 2023

Yogonet

Atlantic City casinos post gaming revenue almost flat at $441M in November, but in-person win trails pre-pandemic levels

Atlantic City's casinos won nearly 4% more from in-person gamblers in November than they did a year earlier, according to figures released Friday by the New Jersey Division of Gaming Enforcement, at $214.5 million. However, most of them continue to trail the levels at which they were performing before the Covid-19 pandemic hit. As for total gaming…

Finance ・ 19 December 2022

Yogonet

Atlantic City casinos post gaming revenue almost flat at $441M, but in-person win trails pre-pandemic levels

Atlantic City's casinos won nearly 4% more from in-person gamblers in November than they did a year earlier, according to figures released Friday by the New Jersey Division of Gaming Enforcement, at $214.5 million. However, most of them continue to trail the levels at which they were performing before the Covid-19 pandemic hit. As for total gaming…

Land-based ・ 19 December 2022

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Yogonet

Massachusetts casinos post $97M revenue in October; MGM Springfield sees best month since March

The Massachusetts Gaming Commission announced Tuesday thefinancial results of the state's casinos for October 2022, amounting to a combined $97 million in gross gaming revenue. Out of the venues operating during the month, MGM Springfield raked in $22.9 million from its slots and table games, its best result in months. The property's revenue for…

Finance ・ 13 December 2022

Yogonet

New Jersey gaming revenue climbs 10% to $470 million in August

The New Jersey Division of Gaming Enforcement announced the state's financial results for August 2022, which saw a total gaming revenue of $470.6 million, as reported by casinos, racetracks and their partners. The results reflect a 10.1% increase in contrast with August 2021. In-person casino win for the nine state properties reached $274 million,…

Finance ・ 21 October 2022

Yogonet

Nevada gambling revenue tops $1B for 18th consecutive month in August at $1.2B

Nevada's winning streak shows no sign of slowing down: the Silver State has now reported its 18th consecutive month of more than $1 billion in gambling revenue. According to the lastet data released by the Nevada Gaming Control Board on Thursday, the state collected $1.2 billion from its casinos in August, a figure 26.7% up from the same month in…

Finance ・ 30 September 2022

Fox Business

New Jersey’s casinos, horse tracks that offer sports betting won $470.6 million from gamblers in August

New Jersey's casinos, horse tracks that offer sports betting and the online partners of both types of gambling outlets won $470.6 million from gamblers in August, up more than 10% from a year earlier, according to figures released Friday by state gambling regulators. The amount of money won from in-person gamblers at casinos was nearly $274…

Sports ・ 20 September 2022

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Gambling Insider

Gambling revenues: Europe on the road to recovery?

It's been a busy time for financial results within the gambling industry, with the likes of Flutter Entertainment, Entain, 888 Holdings, LeoVegas, NeoGames and Table Trac all publishing either Q2 or H12022 results last week alone. But these results have not all been favourable, with many companies continuing to fight against the implications caused…

Finance ・ 16 August 2022

The Nevada Independent

Recovery slows but Nevada casinos still have 14th straight billion-dollar month

Nevada casinos recorded their 14th straight month of at least $1 billion in gaming revenue during April, but the total marked the first time in more than a year the state didn't experience a double-digit increase. The Gaming Control Board said Thursday that casinos statewide collected almost $1.13 billion in gaming revenue in April, with more than…

Land-based ・ 26 May 2022

Gambling News

New Jersey Casinos Beat Pre-Pandemic Revenue in April

The April results for New Jersey's casino and sports betting are in with gambling properties accumulating a total of $422 million or a 20% increase year-over-year. Results were strong both across the land-based and interactive verticals with in-person gambler numbers also increasing significantly, better than the 2019's April levels as a matter of…

Covid ・ 24 November 2022

Vegas Slots Online

Nevada $13.4bn 2021 Gaming Revenue Sets New Record

Nevada's total gaming revenue last year reached a record-breaking $13.4bn. [Image: Shutterstock.com] Total Nevada gaming revenue reached $13.4bn in 2021, setting a new record for the state. The previous benchmark of $12.8bn came more than a decade ago in 2007. Revenue also grew 12% from the $12bn generated in 2019 before the pandemic began. 72%…

Finance ・ 28 January 2022

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Vegas Inc

Nevada casinos data: Jobs lost, revenues down amid pandemic

In this June 4, 2020, file photo, people play blackjack at the reopening of the Bellagio hotel and casino in Las Vegas. Saturday, Jan. 15, 2022 | 2 a.m. The economic effect of the coronavirus pandemic emerged in stark numbers in an annual report showing a decrease in employees at Nevada's biggest casinos and anemic revenues during the 12 months…

Covid ・ 15 January 2022

The Press Of Atlantic City

NJ casinos, tracks won $4.7B in 2021; in-person winnings lag

ATLANTIC CITY - Casino gambling, sports betting and online wagering in New Jersey brought in over $4.7 billion in 2021, but the casinos' core business - in-person gambling - did slightly poorer than it did before the coronavirus pandemic hit. Figures released Friday by the New Jersey Division of Gaming Enforcement show the nine casinos won a total…

Winnings ・ 14 January 2022

The Baltic Times

Latvia’s Gambling industry Experienced a Drop In Revenues

It's no secret that the majority of Europe enjoys gambling and when it comes to the northeastern region of this continent, Latvia has a thriving multi-million Euro gambling industry. This is despite the strict gambling regulations implemented in the country. Today, Latvia has 10 retail casinos and 13 registered or licensed online casinos. This…

Finance ・ 20 October 2021

Gambling News

Gambling Revenues in Atlantic City Skyrocket in August 2021

The gambling operators in Atlantic City recorded another strong month in terms of gambling revenue, according to figures released by the Division of Gaming Enforcement. Total gaming revenue filed last month hit $427.7 million, which represents an increase of 31% when compared to August 2020. Despite the devastating impact of the pandemic last year,…

Finance ・ 18 September 2021

Gambling Insider

Gambling revenue down 26% in Latvia

Latvia has reported a 26% decline in gambling revenue for the first half of 2021, according to the Ministry of Finance. A total of €7m ($8.2m) was collected for the six months ending 30 June, which is around €16m less than expected. Gambling in the country is currently organised by 17 merchants, ten of whom operate in casinos and gaming halls.…

Finance ・ 13 August 2021

Play NJ

Atlantic City casinos pull in big bucks, set monthly gambling record

Atlantic City's casinos set a new monthly record for gross gambling revenue in June, winning more than $345 million from gamblers as pandemic fears eased somewhat and gamblers returned with their wallets. That figure was nearly four times as much as the nine casinos won last June, when they were closed due to the coronavirus outbreak. Starting next…

Land-based ・ 17 July 2021

Gambling News

Detroit Casinos with $109.7 Million Revenue in May

Detroit casinos have reported $109.7 Million Revenue in May, reporting a significant recovery with only 15% less from slots and table games compared to the same period in 2019. Even though Detroit casinos have operated at a limited capacity in May, they have recorded an aggregate revenue (amounting to almost $109.7 million). Michigan Gaming Control…

Finance ・ 09 June 2021

Pennsylvania Poker

Casinos in Pennsylvania See Results Fall by 22% YoY

Casinos in Pennsylvania see results fall by $800 million in 2020 year-over-year Digital gaming and sports betting prop up results from the ailing retail sector Poker operations still continue to grow at a modest pace Pennsylvania's 13 casinos fell short by $800 million year-over-year in terms of revenue during 2020, data from the Pennsylvania…

Covid ・ 08 February 2021