USA

Commercial gaming revenue in the US hit record highs in the second quarter of 2021, reaching a staggering $13.6 billion (€11.61 billion), according to the American Gaming Association (AGA).

This figure was $2.5 billion (€2.13 billion) above the previous record, which was set in the third quarter of 2019, and brings revenue so far this year to just under $24.8 billion (€21.2 billion), nearly up to what was recorded in the entirety of 2020 – $30 billion (€25.62 billion).

Commenting on the figure, AGA CEO Bill Miller called it “truly remarkable”, adding that it is “even more impressive” when considering US “commercial gaming revenues were at their lowest point ever just over a year ago”.

“This is a testament to our resilience and commitment to providing customers safe environments and world-class entertainment experiences”, he said.

The vast majority of US states with commercial casinos – 22 out of 25 – saw quarterly gaming revenue increase during the quarter, though sports betting revenue was down by eight per cent compared to the quarter before, due to a quieter sports calendar.

Discussing the longer-term experience of the US gambling sector, the AGA added that while in the last year sports betting and iGaming have buoyed the gaming industry, a record brick-and-mortar casino revenue, up nearly 10 per cent compared to the previous record, is strengthening the industry’s recovery.

“This is a result of easing capacity and amenity restrictions, coupled with continued consumer demand.”

Continue Reading

Gavin Isaacs steps down as Games Global chairman to take on new role as Entain CEO

22 July 2024
by iGamingCapital.mt

His appointment comes into effect from September 2024, and will see him remain on the board of Games Global as an independent non-executive director

Third-largest cryptocurrency exchange OKX selects Malta as its MiCA hub

18 July 2024
by Helena Grech

Under the MiCA framework, OKX plans to offer spot trading (including EUR and USDC pairs) in addition to buy, sell, convert and staking services to qualified EU residents through Okcoin Europe Ltd

GO’s Enterprise Solutions geared to deliver end-to-end business technology

15 July 2024
by Rebecca Anastasi

The telecoms firm prioritises holistic and scalable solutions for its corporate clients, says Arthur Azzopardi, Chief Officer at GO Business.

An unparalleled ecosystem for digital nomads

12 July 2024
by Ramona Depares

The Nomad Residence Permit offers non-EU employees a chance to experience Malta’s unique lifestyle, as an ideal remote work destination

See more