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Category: Gambling Industry
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Created: Saturday, 03 August 2024 15:00
Casino sales in July at casinos owned by Paradise Co Ltd improved by 7.3 percent to $45.17 million. The company operates foreigner-only casinos in South Korea. However, its year-over-year revenue decreased by 1.3 percent.
According to casino pay per head experts, revenues from table games in July totaled almost KRW57.58 billion, or over 93% of the casino's total monthly revenues. The remaining roughly 4.47 billion Korean won came from sales of machine games. The total amount wagered in July at casinos, in the form of chips for games, was about KRW542.18 billion, an increase of 1.9% from the previous month and 2.3% from the same month last year.
Separate data submitted to Paradise Co's website indicates that VIP gaming accounted for most of the July casino decline. The company's casino drop for VIP play was KRW420.82 billion in the month, while the mass play accounted for KRW121.35 billion.
Read more: Paradise Co’s Casino Sales in July Reached $45 Million
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Category: Gambling Industry
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Created: Monday, 15 July 2024 18:31
Sports Betting in Nebraska has been legal since 2021. However, it is only available for in-person sports betting at retail sportsbooks. Thus, sports betting in the Husker state is very limited and gaming officials in Nebraska want to change that. According to the latest Legal Online Sports Betting in Nebraska Update, there might be a chance that it will happen in 2025.
A coalition of licensed operators in Nebraska has urged Gov. Jim Pillen and state legislators to engage in discussions regarding a proposed online sports betting bill. The bill has the potential to generate an extra $30 million in annual revenue, which could be allocated towards property tax relief.
Ho Chunk Inc., the parent company of WarHorse Gaming, is also calling on lawmakers to deliberate on legislation that would authorize a constitutional amendment during a special session scheduled for July 25th.
Furthermore, several lawmakers in Nebraska agree that online sports betting is worth considering. State Senator Terrell McKinney (D-North Omaha), among the mere 15 Democrats in the 49-seat Legislature, concurs with certain legislators in the Republican-controlled unicameral chamber agrees.
According to an interview with KETV, he said “We’re missing out because we want to be the ‘nanny state’.”
Read more: Legal Online Sports Betting in Nebraska Update