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CICC lowers Macau gaming industry EBITDA forecast, citing ongoing margin pressure.

CICC lowers Macau gaming industry EBITDA forecast, citing ongoing margin pressure.

China International Capital Corporation Limited (CICC) has lowered its EBITDA forecasts for Macau gaming operators for 2025 and 2026, expecting a 9% year-on-year growth in industry EBITDA in 2025 and a 7% increase in 2026, only recovering to 89% and 96% of the 2019 levels, respectively. Despite main

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New York FY 2024-25: Mobile sports betting revenue increases by 20%, reaching $23.9 billion; total gaming revenue (GGR) reaches $2.14 billion.

New York FY 2024-25: Mobile sports betting revenue increases by 20%, reaching $23.9 billion; total gaming revenue (GGR) reaches $2.14 billion.

The New York State Gaming Commission has announced the results of mobile sports betting for the period from April 2024 to March 2025.Mobile sports betting revenue increased by 20% year-over-year, reaching $23.9 billion, with a total gaming revenue (GGR) of $2.14 billion.The best-performing month for

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Player betting activities increase, Spanish online gaming market revenue grows by 17.6% in 2024

Player betting activities increase, Spanish online gaming market revenue grows by 17.6% in 2024

The 2024 report on Spain's national online gambling market shows that the total gambling revenue (GGR) increased by 17.61%, reaching 1.45 billion euros (1.58 billion USD). Deposits and withdrawals also grew by 19.62% and 19.73% respectively, indicating a continuous rise in consumer participation.Mar

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A Clear Explanation: What are the Most Important Metrics for Measuring a Company, Including Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR)

A Clear Explanation: What are the Most Important Metrics for Measuring a Company, Including Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR)

Every owner or entrepreneur in the online gambling industry needs to have a basic understanding of Key Performance Indicators (KPIs). The most important metrics to measure include Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR).Understanding these money-related KPIs is crucial for determinin

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OpticOdds launches Copilot product to boost operator growth

OpticOdds launches Copilot product to boost operator growth

OpticOdds is the leading information provider for top operators, now launching its most advanced sports betting management platform, Copilot.The latest version of OpticOdds enables operators to use real-time, reliable data to run their sports betting, allowing them to create custom odds, optimize ri

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Italian regulatory authority submits document defining new rules for iGaming

Italian regulatory authority submits document defining new rules for iGaming

The Customs and Monopoly Agency (ADM), responsible for regulating gambling in Italy, has submitted a document to the Ministry of Finance detailing the new rules for online gambling licenses.Previously, this framework was published in the Parliamentary Gazette in April.The new license fee is 35 times

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Key KPIs for Operating an Online Casino, Understand in Three Minutes!

Key KPIs for Operating an Online Casino, Understand in Three Minutes!

Typically, in most industries, having more customers usually means better business and thus higher profits. However, this is not always the case, as there are examples where selling more of a product leads to greater losses. Therefore, companies need to have more comprehensive performance indicators

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Louisiana's gambling revenue declined in July, but online sports betting revenue saw a significant increase.

Louisiana's gambling revenue declined in July, but online sports betting revenue saw a significant increase.

USA—The Louisiana Gaming Control Board reported this week that the total gaming revenue in July was $180.8 million, a 6% decrease from the same period last year. Among the five gaming districts in the state, three saw a decline in revenue.In Lake Charles, revenue fell 8% to $69 million. Golden Nugge

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Due to the boom in video games, revenue for Philippine casinos declined in the second quarter.

Due to the boom in video games, revenue for Philippine casinos declined in the second quarter.

The Gross Gaming Revenue (GGR) of licensed casinos in the Philippines fell by 4.3%, to 49.48 billion Philippine pesos ($864 million). This follows the first quarter's GGR of 49.68 billion Philippine pesos ($867 million). Despite the declining revenue from traditional casinos, the overall gaming indu

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Philippine gaming regulator expects e-gaming sector to boom in coming years

Philippine gaming regulator expects e-gaming sector to boom in coming years

The Philippine Amusement and Gaming Corporation (PAGCOR) predicts a boom in the electronic gaming business in the coming years, supported by legislative developments including lower licensing costs. Gross gaming revenue (GGR) for this market, which includes sports betting, electronic gam

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