Land-based casino – Page 2 – FairOdds Network

February 14, 2025

Denmark gambling revenue rises to DKK7.27 billion in 2024

Gross gambling revenue in Denmark increased 6.9% year-on-year during 2024, mainly due to a double-digit rise within the country’s online casino market.

Revenue in Denmark hit DKK7.27 billion (£811.2 million/€974.1 million/$1.02 billion) in the 12 months to 31 December 2024. This surpasses the DKK6.80 billion posted in the previous year.

Data published yesterday (13 February) by regulator Spillemyndigheden shows online casino was the main source of revenue by some margin. In total, revenue from online casino in 2024 topped DKK3.53 billion, up 14.7% on 2023.

Slots accounted for 78.2% of all online casino revenue during the year. Blackjack drew 6.7% of revenue and roulette 6.4%. Remaining revenue was spread across poker, bingo and other games.

Sports betting and casinos revenue up, slots decline

As for other sectors of the market, there was mixed news in Denmark. Sports betting ranked second in terms of total revenue, with this rising 1.2% year-on-year to DKK2.21 billion.

Mobile acc..

February 13, 2025

China drives MGM Resorts to record revenue in 2024, digital up 28% as betting platform launch is imminent

MGM Resorts International posted a record $17.24 billion (£13.80 billion/€16.53 billion) in consolidated net revenue during its 2024 financial year, driven once again by growth within its China-facing business.

Total revenue for 2024 surpassed the $16.16 billion reported during the previous year by 6.7%. It is also the highest annual amount ever posted by MGM, the operator confirmed yesterday (12 February).

Revenue was flat across two of MGM’s four core divisions – Las Vegas Strip Resorts and Regional Operations. However, significant growth in China, accompanied by a similar increase in digital revenue, pushed the yearly total up.

“We are proud to report the best full-year consolidated net revenues in the history of the company,” CEO Bill Hornbuckle said. “This was driven by a record performance from MGM China. We’re also encouraged by the strong demand we’re seeing in the business so far in 2025, which positions us well for continued growth.”

MGM China revenue rises 27.6%

The sta..

January 23, 2025

Michigan online gambling reaches record $2.9 billion in 2024

Revenue from online gambling in Michigan reached an all-time high of $2.9 billion (£2.4 billion/€2.8 billion) during the 2024 calendar year, with the state reporting record figures across both igaming and sports betting.

Gross internet gaming and sports betting receipts for 2024 surpassed the previous record, set in 2023, by 23.8%. This is also more than double the $1.90 billion in the first year of legal online gambling in Michigan in 2021.

Adjusted revenue, which accounts for promotional spending, amounted to $2.4 billion, up 22.3% year-on-year. Figures from the Michigan Gaming Control Board (MGCB), published on Tuesday (21 January), cover commercial and tribal operators.

Igaming revenue tops $2.4 billion

Starting with igaming, revenue in this segment of the market topped $2.4 billion in 2024. This beats the previous year by 26.3% and is a new record for the state. Adjusted gross receipts for igaming also reached an all-time high of $2.2 billion, an increase of 27.2%.

BetMGM and..

January 22, 2025

Massachusetts sets another sports betting handle record in December

Massachusetts reported a record sports betting handle for the fourth consecutive month in December, with consumers in the Bay State wagering $788.3 million (£639.3 million/€757.4 million).

The December total surpasses the existing monthly state record of $777.8 million in November by 1.4%. It is also 19.7% more than the $658.7 million bet in Massachusetts in December of 2023.

Massachusetts Gaming Commission data shows online betting spend for the month was $776.8 million. Retail sportsbooks across the state took a total of $11.5 million in bets.

As for revenue, however, total taxable gaming revenue declined 5.1% year-on-year to $57.5 million. This is also 28.6% lower than November’s record $80.5 million haul. The decline comes in the wake of customer-friendly sports results that impacted the entire industry in December.

Online betting was responsible for almost all revenue in December, generating $57.4 million. In contrast, just $64,037 came from retail wagering.

In terms of hold..

January 21, 2025

Casinos, pro sports team can create meaningful synergy

In Washington DC or downtown Phoenix, sports fans can get a double whammy – go to a game and visit a casino. In Dallas, Miriam Adelson and Mark Cuban are hoping to create the same sort of destination. The model is good for both parties, said speakers at an ICE panel on Monday (20 January).

Adam Sachs, counsel and senior policy advisor for Dentons, joined Brendan Bussmann of B Global Advisors to discuss the issue. The panel was entitled ‘From Sin City to Sport Central: Creating an Intercommercial Gaming Ecosystem’.

“Having a casino connected with professional sports… I think we all help each other,” said Sachs, whose law firm works with professional sports teams and gambling companies. “It’s all fan engagement or consumer engagement. We tend to bring each other to a destination. It’s also good for the economies.”

Sachs maintained that he believes that more is better. While it might seem like having a casino or sportsbook in or next to a sports venue could be at cross purposes, the ..

January 21, 2025

Denmark gambling revenue rises 7.8% in November

Overall gambling revenue in Denmark increased 7.8% year-on-year in November, driven by double-digit growth within the country’s online casino market.

Revenue for November reached DKK654 million (£74.1 million/€87.6 million/$90.7 million), Denmark regulator Spillemyndigheden reports. This is ahead of DKK608 million in the same month of previous year and 6.0% higher than October 2024.

As has been the case for some time, online casino generated the most revenue during the month. In total, revenue from this segment hit DKK295 million, up 17.9% year-on-year and 3.9% above October’s total.

Slots accounted for 77.4% of all online casino revenue in November. Blackjack drew 6.7%, roulette 6.6%, poker 3.5%, bingo 3.1% and other games 2.7%.

Minimal growth elsewhere in Denmark

While online casino continues to expand at a rapid rate, other segments also grew but at a much slower place.

Sports betting was the next highest segment in terms of revenue, generating DKK232 million for the month. T..

January 20, 2025

Pennsylvania sets another igaming revenue record in December

Pennsylvania operators reported record igaming revenue for the second consecutive month. But in December, sports betting revenue declined due to customer-friendly results that impacted the wider sector.

Total revenue from gambling in Pennsylvania in December totalled $533.1 million (£463.5 million/€517.3 million). This is 0.2% lower than the previous year and also 5.2% less than November’s $562.4 million record hold.

Pennsylvania Gaming Control Board (PGCB) figures highlight igaming as the state’s stand-out segment in December. Monthly revenue here hit $223.6 million, some 35.5% ahead of December 2023 and 11.5% above November’s existing record.

Of this total, $164.3 million came from online slots, up 40.5% year-on-year. Internet table-games revenue also increased by 24.2%, while online poker revenue edged up 2.9% to $2.5 million.

Players spent $4.28 billion playing online slots during December, as well as $3.01 billion on internet table games. Online poker spend was not disclosed.
..

January 17, 2025

New Jersey gambling revenue tops $6.3 billion in record 2024

Gambling revenue in New Jersey reached $6.30 billion (£5.17 billion/€6.12 billion) in what was a record year for the state, with all-time high figures also reported across igaming and sports betting.

Total market revenue was 9.0% ahead of the existing record of $5.78 billion in the previous year. The New Jersey Division of Gaming Enforcement (NJDGE) reported growth across two of the state’s three sectors, with only land-based casinos seeing a decline.

Igaming pushes land-based casinos close in 2024

The stand-out performance in 2024 is by far igaming, with revenue up 24% to a record $2.39 billion. While this is short of the land-based market ($2.82 billion), igaming has surpassed physical casinos in recent months and 2025 could see it become the leading source of gambling revenue in New Jersey.

For 2024, some $2.36 billion of igaming revenue came from online slots and table games, up 24.5% year-on-year. Peer-to-peer poker revenue, however, slipped 1.5% to $28.5 million.

DraftKings ..

January 6, 2025

Weekend Report: SL Green CEO set for Times Square casino bonus, computer game addiction links to gambling warning

Welcome to the Weekend Report, where iGB looks at the news that you may have missed across Friday, Saturday and Sunday. This week: SL Green CEO £10 million bonus hinges on Times Square casino, expert warns computer game addiction drives teens to gambling and OBE for GambleAware CEO.

SL Green CEO set for £10 million Times Square casino bonus

Up first, Marc Holliday, the CEO of the real estate investment trust, will receive a $10 million (£8 million/€9.7 million) bonus if he can secure a land-based casino at New York’s iconic Times Square.

According to Crain’s New York Business, SL Green confirmed the bonus last week. The trust is hoping to gain permission from the state to convert a 54-storey tower into a casino and hotel.

SL Green is working in partnership with Caesars Entertainment and Roc Nation on the bid for a New York casino. However, the project faces competition from a host of other interested parties.

The Related Cos, Silverstein Properties, Bally’s, Miriam Adelson’s Las V..

January 3, 2025

Portugal topples online gambling revenue record again in Q3

Online gambling revenue in Portugal hit an all-time-high for the eighth consecutive quarter in Q3, driven by a record performance from the nation's internet casino market.

Gross online gambling revenue in Portugal hit €266.3 million (£220.9 million/$273.8 million) during Q3. This surpasses Q3 of 2023 by 23.7% and the previous quarterly record, set in Q2 2024, by 1.7%.

Online casino revenue hits record €175.1 million

Data from regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) shows this growth was driven by the online casino segment. Here, gross revenue hiked 31.2% year-on-year to an all-time high of €175.1 million. This also surpassed Q2 revenue by 10.5%.

Spending on internet-based casino games hit €4.87 billion in Q3, another new record and a 33.7% increase from 2023, as well as 11.6% higher than Q2.

As has been the case for some time, slots remain by far the online casino game of choice in Portugal. Slots drew 80.4% of all wagers during Q3, ahead of French roulette ..

December 19, 2024

Record sports betting, igaming drive Pennsylvania revenue to all-time high in November

Record monthly revenue from sports betting and igaming in Pennsylvania helped to push overall revenue in the state’s gambling market to an all-time high of $562.4 million (£447.4 million/€543.4 million) in November.

November’s revenue total beat last year by 26.5% and is 13.3% above $496.6 million in Pennsylvania in October of this year. It surpasses the existing record of $554.6 million, set in March, by 1.4%, Pennsylvania Gaming Control Board (PGCB) data shows.

Aside from total market revenue, the stand-out figures from the PGCB data are in reference to sports betting.

Gross revenue reached a record $77.1 million, up 498.4% on last year – in November 2023, operators had a record-low 1.38% hold. The all-time revenue high was $72.5 million, set last December, with the November 2024 total beating this by 6.3%. Of this sum, $71.7 million came from online betting and $5.4 million from retail sportsbooks.

Betting handle in Pennsylvania also hit an all-time high of $935.5 million. Coinc..

December 18, 2024

Michigan sets new sports betting and igaming records in November

Michigan operators reported several new records during November, including gross receipts from igaming hitting an all-time high of $226.0 million (£177.9 million/€215.3 million).

Gross internet gaming and sports betting receipts from commercial and tribal operators in Michigan topped $284.3 million in November. This is 35.9% above November last year and 12.1% ahead of October this year, the Michigan Gaming Control Board (MGCB) reported yesterday (17 December).

After accounting for promotional spending, total market adjusted gross receipts for the month was $240.4 million. The figure is 51.9% ahead of last year and 15.3% higher on a month-on-month basis.

Another new igaming record in Michigan

As was the case in the previous month, igaming was a highlight for Michigan operators in November. Gross igaming receipts were 28.9% higher year-on-year and surpassed the existing record of $220.7 million in October by 2.4%.

Adjusted gross receipts from igaming hit $203.3 million, up 28.8% fro..

February 2026
Mon	Tue	Wed	Thu	Fri	Sat	Sun
						1
2	3	4	5	6	7	8
9	10	11	12	13	14	15
16	17	18	19	20	21	22
23	24	25	26	27	28

Tag: Land-based casino