TransAct Technologies Inc, which supplies slot machine printers, casino player management software and food safety management technology, posted first-quarter net sales of just under $10.7 million, down 52.0% from a year earlier. Sequentially, sales fell 19.4%.
The decline in revenue is the result of "expected market dynamics and normalization of demand" for group casinos and gaming printers,...
The resort's World Genting Casino resort near Kuala Lumpur, Malaysia's capital, remains a "cash cow" for its promoters despite uncertainty over the terms of the government's higher gaming and licensing costs and tax relief plans related to investments there.
Japanese brokerage Nomura's view in a Friday note on Genting Malaysia Bhd, which operates casinos in the United States, the Bahamas, the...
SOFTSWISS, which supplies software to online casinos, said its referral system saw a 219% quarter-on-quarter increase in the number of recommended users on its casino platform in the three months to June 30.
Daria Avtukovich, head of SOFTSWISS casino platform, was quoted as saying in an update on Monday: "With the high average cost of acquiring new casino players, the referral system saved...
The National Hockey League most recently announced that it has banned Ottawa Senators’ Shane Pinto for 41 games over activities connected to sports betting. Making it the longest suspension since 2015. Paul Burns, President and CEO of the Canadian Gaming Association said the exclusion of the forward was the result of a functioning regulated gambling market.
Over the last couple of years,...
AGTech Holdings Ltd., a supplier of mainland China's regulated lottery network, saw its first-half loss widen nearly 70% to HK$88.9 million ($11.5 million) from HK$52.7 million a year earlier due to lower sales.
The company provides equipment, including lottery terminals, to the China Sports Lottery Management Center.
AGTech said in a filing with the Hong Kong Stock Exchange that the reasons...
A Philippine legislator has proposed a bill to regulate online gambling activities in the Philippines.
Currently, First Cagayan Leisure & Resort Corp is an exclusive master licensing and regulator of offshore online gaming licenses issued by the Cagayan Special Economic Zone, an online gaming jurisdiction operating in the Cagayan Special Economic Zone in the northeastern Philippines....
The Waterloo Police Department reported the most recent discovery of an illegal gambling den in Kitchener, Ontario. Officers executed the warrant and discovered a game console as well as cash and poker chips worth about C$36,000 during the investigation. All of this has been confiscated, and an investigation is currently underway.
Gambling outside of state-regulated or licensed institutions is...
Gavin Isaacs (pictured), the new chief executive of Scientific Games Corp, says he wants to better understand Scientific Games and WMS Industries Inc before creating common goals for the two companies.
On Tuesday, Scientific Games, a U.S.-based game and lottery provider, named Mr. Isaacs as the company's CEO to succeed David Kennedy. Mr. Kennedy will continue to serve as vice chairman....
If the ban on locals gambling in casinos in Vietnam is removed, Vietnam's exposure to money laundering will increase. A U.S. State Department report says so.
"In 2018, Vietnam granted its first pilot license to local casinos, increasing the risk of money laundering unless authorities ensure those facilities effectively implement and enforce anti-money laundering (AML) standards," the 2019...
