How Technology Continues to Transform the Casino Industry

gaming
January 15, 2019

The gambling industry has evolved tremendously in the past few years thanks mostly to the many technological advancements that have been made in that period. Perhaps the most notable change is the invention of online gaming platforms and mobile gaming applications, both of which have opened doors for the gaming industry to reach players who are unable to access land-based gaming facilities or those who prefer to play the games from the comfort of their homes. It goes without saying that there is still a lot more that can be done to make the industry a safer and more accessible… Read More

Maryland Casinos Break New Revenue Records in 2018

gaming-revenue
January 8, 2019

Maryland’s six casino operators closed out 2018 with rather modest gaming revenue gains even though Horseshoe Casino Baltimore’s ongoing decline showed no signs of subsiding – only Horseshoe Casino saw revenue decline, which in this case was a 7.2 percent drop. According to figures released on Monday by the Maryland Lottery and Gaming Agency, statewide casino gaming revenue hit the $148.8 million mark in December 2018, a 5.2 percent increase over the same month in the previous years and an improvement of $8.4 million over what was recorded in November 2018. The Specifics Casino gaming revenue by itself contributed to… Read More

Online Casino Trends for 2019

gambling_trends
January 1, 2019

The new year is finally here and there is a lot that we have going on in the online gaming industry. Already, there are tons of predictions about what we can expect from the sector this year and we are here to break down some of the ones that we believe truly have a chance. The most innovative minds in technology and the gaming industry came together to create an entertainment platform that is constantly evolving and improving in one way or the other through thanks to creative ideas and incredible software advancements. That said, 2019 is also expected to… Read More

Playtech Earnings to Take a Hit Due to Tax Hikes in Italy

playtech
December 25, 2018

2018 has been a rather torrid year for renowned gambling firm, Playtech (PTEC) and it looks like 2019 might turn out to be an even worse period for the company. This news comes in the wake of a recent announcement by the company where they revealed that a hefty impact on their 2019 profits thanks to new gambling tax hikes in Italy. The company said that it expects its 2019 adjusted EBITDA to fall by about $22.7 million after the Italian Senate passed the government’s 2019 budget which includes legislation to increase taxes on various types of gambling activities. The… Read More