Macau has just announced over the weekend that they will be reinstating the licenses for their six casinos. The six casinos are, Sands China, Wynn Macau, Galaxy Entertainment, MGM China, Melco Resorts, and SJM Holdings. The new licensing will help to ensure local employment is good while also working towards the development of overseas tourist markets and non-gaming related products. The Macau operators have been responsible for more the $50 billion to the Chinese special administrative region so the reinstatement aids in the stability of the community. There were six licenses up for grabs with a few other operators playing for them but the choice to stay with the old operators will keep things calm for now.

In recent news the Michigan Gaming Control Board revealed the combined state and tribal numbers for iGaming and sports betting totaling $190.2 million, a 7.7% increase on Septembers $176.5 million. The numbers for October show that iGaming set a new high, pulling in $141 million and breaking its previous record of $132.4 million while sports betting reached $49.2 million. There are three casinos in Detroit and they reported paying the city $7.8 million in wagering taxes and service fees in October. In just the first ten months of 2022, the gross receipts for iGaming totaled $1.2 billion and sports betting followed with $163.2 million.

A new report has come out from New Jersey about sports betting and online gaming and the numbers are up. The numbers provided by the New Jersey Division of Gaming Enforcement (DGE) show that the state has yet again pulled over $1 billion for their betting handle, totaling $1.06 billion. Sportsbooks in New Jersey posted revenue of $77.9 million which is down 7.4% year over year but the a record was broken elsewhere. Online casino revenue posted an all-time monthly record of $147.2 million, a 15.9% increase year over year and topping their previous high of $140.6 million from back in March 2022. Since launch in 2013 this is only the second time New Jersey has passed the $140 million mark but their market continues […]