Online casino – Page 4 – FairOdds Network

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..

February 7, 2025

State of the Union: Bet the coin flip in MA, OH lawmakers aren’t for doubling the tax, more

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

MA regulator to allow Super Bowl coin flip bets

A year after voting not to allow bets on the Super Bowl coin flip, the Massachusetts Gaming Commission (MGC) reversed itself on Thursday (6 February). Operators in the state can now offer the bet ahead of Sunday’s Super Bowl between the Kansas City Chiefs and Philadelphia Eagles. Since last year, former MGC chair Cathy Judd-Stein retired and commissioner Paul Brodeur joined. Brodeur, who said “it’s not something that can be gamed, so I’m comfortable moving forward with this,” was the swing vote.

The commission also agreed to hold an adjudicatory hearing for Caesars Sportsbook. The company took bets on the total number of red cards during UEFA Euros 2024. MGC regulations prohibit bets on penalties, injuries and other things that could be manipulated. Caesars to..

February 7, 2025

Great Britain online GGY up 21% in Q4 amid record customer activity

Online gross gambling yield (GGY) in Great Britain increased 21% year-on-year during the fourth quarter of 2024 to £1.54 billion (€1.85 billion/$1.92 billion) as the total number of bets and spins reached a record high.

Data published yesterday (6 February) by the Great Britain Gambling Commission covers the three months to 31 December 2024. It primarily covers online gambling but also references GGY and activity in the land-based betting sector.

The Q4 online GGY figure surpasses the £1.30 billion posted in the same period in the last year. It is also 16.7% ahead of £1.32 billion in the third quarter of last year.

On top of this, overall online bets and spins jumped 8% year-on-year to a record 25.9 billion. However, average monthly active player accounts declined 3% in Q4.

Slots GGY hits £709 million

Slots remain the primary source of GGY in Britain. During Q4, online slots GGY reached £709 million, an increase of 15%. Total spins were also 9% higher at 23.9 billion while average..

February 6, 2025

Episode 42: Bills bills bills as US legislative season gets under way

You want sports betting bills? You want some icasino bills? We’ve got them and more and there’s even an opportunity to stop over in New York for a look at the (down)state of the casino process and touch on tax hikes in Ohio (again) in the latest episode of the World Series of Politics.

Which states have sports betting bills in play?

It was an early mover in sports betting, but since 2018 Mississippi sports betting is only allowed in the state’s casinos. With a mobile betting bill sailing through the Magnolia State’s house, could 2025 finally be the year betting comes to citizens’ smartphones?

Meanwhile in Minnesota a legislative standoff seems to have resolved. Does this mean lawmakers can turn their attention to getting Minnesota sports betting out of the starting gates?

Listen on Apple Podcasts

Oh no Ohio

Ohio was an early mover, but not the good kind, doubling its sports betting tax rate. Now for the second budget cycle in a row there’s a tax increase in the offing, as part ..

February 6, 2025

Record Q4 drives Betsson to “best year ever,” says Pontus Lindwall

Betsson reported its “strongest year ever” in 2024 after a record performance during Q4 helped drive full-year revenue, net profit and EBITDA to all-time highs.

Revenue for the three months to 31 December 2024 amounted to €306.8 million (£255.3 million/$318.8 million). This surpasses Q4 of the previous year by 21.8% and is the first time quarterly revenue has exceeded €300 million.

Betsson, which published its full-year results today (6 February), reported increases within both its casino and sports betting operations. The group also saw revenue rise across several regional markets around the world, with Latin America posting the most growth.

In Q4 the company recorded an increase in overall customer deposits to a record €1.58 billion, a new quarterly record. Active customers edged up to 1.3 million, although the number of registered players dipped 1.1% to 29.4 million following the decision to exit certain markets.

CEO Pontus Lindwall put this regional growth down to constant inve..

February 5, 2025

After IPI disaster, has CNMI abandoned land-based casino hopes?

The Commonwealth of the Northern Mariana Islands (CNMI) is drafting legislation that would dissolve its gaming commission. The Pacific island group is looking at igaming as a next step.

On 4 February, CNMI representative Ralph N Yumul told Marianas Variety that a house committee is reviewing the 2014 statutes which legalised gaming and established the Commonwealth Casino Commission (CCC).

If enacted, the move would transfer the regulator’s enforcement powers to the lottery commission. At that point, Yamul said, the CCC “will not be in existence anymore”.

Committee members are also looking at online gaming and “marketing it out to the world”, Yamul said. The CCC “can’t do its job anymore”, he added, “because it’s tied with the only casino licensee in the CNMI.”

And its experience with that licensee, Imperial Pacific International (IPI), has been nothing short of disastrous.

Ten years ago, IPI opened a temporary casino, called Best Sunshine Live, inside a shopping mall on Saipan, th..

February 3, 2025

Weekend Report: BetMGM fined in PN, NC eyes new sports betting tax, EveryMatrix pens record Norsk Tipping deal

Welcome to the Weekend Report, where iGB looks at the news that you may have missed over the last few days. This week: BetMGM fined in Pennsylvania for self-exclusion breach, North Carolina eyes new sports betting tax policy and EveryMatrix pens record deal with Norsk Tipping.

BetMGM to pay $260,905 in Pennsylvania

First, BetMGM has been fined $260,905 (£212,364/€254,701) in Pennsylvania for breaching rules on self-exclusion.

The Pennsylvania Gaming Control Board (PGCB) found BetMGM allowed self-excluded online casino individuals to place bets. Some 148 accounts on BetMGM were identified as players who had self-excluded, PlayPennsylvania.com reports.

From these accounts, a total of $252,035 was deposited and $82,460 withdrawn. BetMGM also flagged a further three separate incidents across 2021, 2022 and 2022 involving four more self-excluded individuals.

Overall, $436,381 was deposited by self-excluded users with $175,477 withdrawn. The difference between these amounts is $260,904,..

February 3, 2025

Many UK players turn to gambling for escapism says Gambling Commission report

In a special report using data from the Gambling Survey for Great Britain, the UKGC has broken down the key motivators for UK gamblers, with escapism one of the driving factors.

On 30 January the UK Gambling Commission published an add-on piece of research to the Gambling Survey for Great Britain (GSGB) report released in July. The survey is the first comprehensive report looking at the behaviour of gamblers in Britain, including what the key motivators are for players across multiple verticals.

This latest report, which cites findings from the Reasons for Gambling Questionnaire (RGQ), considers the relationship between different gambling activities and the players’ reason for engaging in them.

The RGQ contained a series of 15 questions on the reasons GSGB participants gave for taking part in gambling. People who had gambled in the past 12 months were asked to state how often their main reason for gambling was indeed their key motivator across all activities they had listed. They..

February 3, 2025

Swedish report flags link between loot boxes and problem gambling

A report by Spelinspektionen has found a link between young adults that participated in gambling via video games while under age and risky gambling behaviours.

Published on 29 January, the study looks at the relationship between young people and gambling in Sweden. It focuses on individuals within the 18-24 age group and the results were presented to the government.

The results showed a link between those who started purchasing loot boxes as a minor and those who went on to show problematic gambling behaviours. Of those that purchased loot boxes before the age of 15, 87% displayed risky gambling behaviours as an adult.

Loot boxes and skin gambling on the rise

Among the stand-out findings was the increasing crossover between video games and online gambling. Loot boxes offer players the chance to purchase in-game items via a mystery box, while skin gambling using virtual goods, like player skins, to gamble.

Of all male young adults who took part in the survey, each had experienced ..

January 31, 2025

State of the Union: Feds don’t believe Mizuhara; Wyoming online gambling on hold until next week; more

Welcome to iGB's State of the Union, a look at the biggest North American sports betting stories we've covered over the week and briefs on others we found interesting.

Feds recommend 57 months for Mizuhara

In court documents released on Thursday (30 January), US attorneys are recommending a “significant period of incarceration” for former Shohei Ohtani interpreter Ippei Mizuhara. The documents were filed a week ahead of Mizuhara’s 6 February sentencing hearing. Mizuhara bet with an illegal bookmaker and stole $17 million (£13.7 million/€16.3 million) from baseball star Ohtani.

In the documents, Jeff Mitchell, the US attorney leading the government’s case, clearly states that he does not believe that Mizuhara had a long-standing gambling addiction.

Exhibits filed with the case show that Mizuhara started gambling on a legal site, DraftKings, in 2023 after he had “already stolen millions of dollars from Mr Ohtani”. The statements paint Mizuhara as a dishonest thief rather ..

January 31, 2025

Canada decline leaves revenue flat at PointsBet in Q2

Revenue remained flat at PointsBet during its Q2 after a decline in Canada cancelled out growth within the gambling operator’s core Australia market.

For the three months to 31 December 2024, total net win at PointsBet hit AU$69.9 million (£35.1 million/€42.0 million/US$43.5 million). This is on par with Q2 of the previous year.

Data published yesterday (30 January) by PointsBet reveals sports betting net win was marginally higher (0.2%) at $63.6 million, while igaming net win declined 1.6% to $6.3 million. However, it was the operator’s geographical performance that most impacted the results.

In Canada, customer-friendly results across both sports betting and igaming had a negative effect. CEO Samuel Swanell noted online slots and betting on the NFL as two areas where customers won more.

“Q2 group net win was negatively impacted by circa $3.9 million, due to customer-friendly results in Canada across NFL and slots,” Swanell said. “This NFL season has been the most customer-friendl..

January 30, 2025

Study finds 10% of Dutch adults gambled online in 2024

New data has shown just 10% of those aged 16 and over in the Netherlands have gambled online in the last 12 months.

On Wednesday (29 January), the Scientific Research and Data Centre (WODC) in the Netherlands released a factsheet unveiling the findings of three recent studies on Dutch online gambling, which launched in the country in October 2021.

The studies, which cover various periods during 2024, revealed that while 64% of those aged 16 and over in the Netherlands have gambled offline throughout 2024, just one in 10 had placed a bet online.

Lotteries were the predominant form of offline gambling, with 55% of the gambling population using that vertical in 2024, while scratchcards (21%) and bingo (7%) were also prevalent.

Notably, sports betting was the only vertical in which online outpaced land-based, with 4% betting online compared to 3% for offline.

Dutch online gambling rising in popularity

The WODC said 70% of those who had bet online in 2024, had started doing so once th..

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Tag: Online casino