Category: Land Based Gaming and Casinos
Nevada Gaming Revenue Record Hits 23 Months
They’ve kept it going for nearly two years! Yes, January marked the 23rd consecutive month that Nevada gaming revenue streak has hit the billion dollar mark, according to a report from the Nevada Gaming Control Board. Now, let’s just hope that our reporting this doesn’t jinx them! The state reported revenue for the first month of 2023 to be $1.27 billion, which was nearly a 20% jump from the $1.07 billion they reported in January of last year. That increase was attributed to the continued recovery from the pandemic, as more Covid restrictions were lifted throughout the year. Casino profits…
US Gambling Clears $60 Billion in 2022
Last year, commercial US gambling was able to top $60 billion for the first time ever. That shatters the previous figure of $53 billion set just a year earlier. The information was accumulated and reported by the Commercial Gaming Revenue Tracking at the American Gaming Association. The actual total for 2023 was $60.4 billion, which came largely from sports betting and online gambling. Both sectors reported single-quarter highs, However, land based gambling at casinos, poker rooms, and sports books still accounted for over 80% of the total revenue. While it’s encouraging to see online games continue to grow as a…
SiGMA Acquires Brazil iGaming Summit
SiGMA Group has announced it has acquired Brazil iGaming Summit (BiS), the largest conference dedicated to iGaming in Latin America for an undisclosed figure. SiGMA Group today has a diverse portfolio of events in iGaming and frontier tech. This acquisition will help consolidate their existing portfolio and establish a strong presence in this exciting emerging market. Eman Pulis, SiGMA co-founder, stated “We love the team behind BiS and have no doubt that this conference will grow from strength to strength. We’re leaving no stone un-turned to make the next show in June 2023 a memorable one.” In the words of Alessandro Valente,…
NBA Joins the Bet Responsibly Campaign
The National Basketball Association has joined our friends at the American Gaming Association and their Have A Game Plan: Bet Responsibly public service campaign. Through the partnership, the NBA and AGA will educate basketball fans on the fundamentals of responsible sports wagering by providing turnkey resources for use by the league’s 30 teams. Campaign content will include in-venue, broadcast, digital and social media promotion. Launched in 2019, AGA’s Bet Responsibly campaign unites the sports betting ecosystem around a common consumer education platform, focusing on the four principles of responsible wagering for those who choose to bet: Set a budget and…
When to Split in Blackjack
Playing blackjack can be a very enjoyable and rewarding experience. However, it also involves an element of risk. Knowing when and how to split in blackjack is one of the most important considerations to make before playing the game. Blackjack is one of the most popular online casino craps games, and for good reason. It combines elements of luck and skill, giving players a good chance of winning big from small wagers. With its low house edge compared to other table games, it offers numerous opportunities for experienced players to maximize their chances of winning by strategizing their moves. One…
Media Calls Lotto Predatory Gambling
As our industry grows, it becomes an easier target. Now, at least one member of the main-stream media has labeled the lottery as predatory gambling. And, in what could not be considered actual gambling news, another member was willing to go as far as to call sports betting operators “idiots”. But do these claims have any merit? Or is it just the usual industry opponents with their usual negative rhetoric? To be sure, some people simply don’t like gambling. And within that group of haters there are several types. There are the ones who don’t enjoy the activity themselves, but…