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JPMorgan Forecasts Macau Gross Gaming Revenue Slowdown in 2019

JPMorgan Macau gaming revenue 2019

Gaming analysts at JPMorgan say the days of double-digit gross gambling revenue growth (GGR) for the enclave’s six licensed casino operators are over, at least temporarily. And when it comes to full-year forecasts, the experts have proven to be quite accurate. In their 2019 Macau gaming outlook, JPMorgan analysts DS Kim and Sean Zhuang predict…Read More

Seton Hall University Study on TV Sports Viewership Shows Massive Infusion Likely from Legal Sports Betting

sports betting

As if the US wasn’t sports-crazy enough, TV ratings for sporting events could soar even higher thanks to the emergence of legalized betting, according to the results of a new poll by Seton Hall University. The new survey by Seton Hall Sports Poll suggests that 70 percent of Americans would be more inclined to watch…Read More

Analyst: Las Vegas Not Only Entertainment Capital of World, But Also Sports Capital

Las Vegas sports Golden Knights Raiders

Prominent Las Vegas analyst Jeremy Aguero says the town might need to rethink its tagline as being the “Entertainment Capital of the World” to include sports as well. Aguero, a principal analyst at Applied Analysis, one of Nevada’s leading fiscal and policy research firms, says the NHL Vegas Golden Knights and 2020 arrival of the…Read More

Fitch Ratings Issues Positive Long-Term Outlook for Macau, Predicts Gaming Growth in 2019

Fitch Ratings Macau casino revenue

Fitch Ratings is bullish on the Macau gaming industry long-term, and has a slightly different opinion than some other analysts on the year ahead for the Chinese enclave. In the credit rating agency’s report titled “Fitch Ratings 2019 Outlook: Global Gaming,” analysts reveal a “long-term positive outlook” on the enclave. They predict that gross gambling…Read More

Underage Bettors Proliferate in British Pubs, UK Gambling Commission Research Finds

In the United Kingdom, there’s an almost 90 percent chance that you can walk into a pub and find an underage gambler. That’s according to a UK Gambling Commission (UKGC) report that shows oversight at English pubs that offer gaming is severely lacking. The Gambling Commission reached its conclusion after examining Class C gaming machines…Read More

Commercial Casino Revenue Up Four Percent Nationwide in September, Sports Betting Provides Boost

casino revenue sports betting US

Commercial casino revenue climbed four percent in September nationwide, and the analyst who compiled the report gives credit to the introduction of sports betting in four new states. Reno-based gaming analyst Ken Adams says in his September report, which he amasses for CDC Gaming Reports, that gaming revenue in the monitored 21 states was more…Read More

Tribal Casinos Account For Nearly Half of US Gaming Market, AGA Report Says

A new report released by the American Gaming Association (AGA) shows just how significant tribal casinos are to America’s economic landscape. In the 28 states where tribes operate gaming facilities, 676,428 workers were employed and paid total wages that exceeded $36.2 billion in 2016, the year of the most recent available data. Additionally, the 500…Read More

Irish Government Shoots Itself in Foot Over Betting Tax

Irish betting tax

The decision to double the Irish betting tax was taken “without a detailed analysis of the economic consequences,” according to a professor of Economics, and could result in a loss for government coffers. In a report commissioned by The Irish Bookmakers Association (IBA), Dublin City University Emeritus Associate Professor Anthony Foley suggests that consequential shop closures, job…Read More

Flashing Lights, Loud Noises in Casinos Might Encourage Problem Gambling, British Columbia University Research Suggests

gambling study

New research out of the University of British Columbia (UBC) in Canada suggests that all the blinking lights and dinging bell-like noises in casinos may be as problematic as they are stimulating. A study from UBC researchers indicates that these time-honored basics of casinos everywhere could play a key role in promoting risky gambling behavior….Read More

Philippine Casinos Would Benefit From Better Airport Infrastructure

Philippines casinos Manila airport

Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week. Japanese financial services firm Nomura Holdings says in a note this week that the aging airports in the Philippines are preventing more wealthy visitors from patronizing the…Read More

Canadian Study Finds Social Casino Games Are Popular Among High School Students

Social casino study teens

A new study from a group of Canadian researchers has found that free social casino games are very popular with high school students, with about one in eight having played the games in the recent past. The study, conducted by researchers from Canada’s Centre for Addiction and Mental Health (CAMH) and published in BMC Public…Read More

US Legal Sportsbetting Gaining More Support, University Survey Research Shows

gaming survey

A recent study from East Carolina University’s Center for Survey Research shows that legalized sports betting has plenty of fans among the American populace. The poll — which was part of the university’s recent “Life, Liberty, and Happiness” survey — reveals that 47 percent of the 1,152 US residents surveyed believe in legal sports betting,…Read More

Slot Manufacturers Say Millennials Will Come Around With Age, Baby Boomers Still Alive and Well

millennials gambling casinos slot machines

Millennials have far less interest in traditional games of chance found on casino floors compared to their demographic predecessors, but slot manufacturers did their best to spinning that reality this week at the 2018 Global Gaming Expo in Las Vegas (G2E). Executives from major slot manufacturers said patience is key when it comes to the…Read More

Gambling Monkeys Shed New Light on Part of Primate Brain Responsible for Risky Behavior

Risk-taking rhesus monkeys have helped researchers pinpoint the part of the brain which propels primates to take big gambles. Scientists have discovered that by deactivating a specific region of the brain located in the prefrontal cortex, the monkey subjects suddenly preferred the sure thing over the long shot. “They did not like to gamble anymore,”…Read More

Second Las Vegas Airport Explored as Visitation Continues to Rise, McCarran Nearing Threshold

A second airport in Las Vegas — in the Ivanpah Valley about 30 minutes off of the heart of the Strip — is getting serious consideration once more. Bowling for Dollars Las Vegas will most likely host a Super Bowl within the next decade. And the addition of a proposed second airport in the Las…Read More