Category: Uncategorized

2 posts

6 Original Macau Operators Get Licenses Reinstated

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.

Virginia Sports Betting Numbers Are Up

The Virginia Lottery has just revealed the sports betting handle for September and the numbers are up. The handle saw a 30% jump at $411.2 million when compared to August with $284.7 million. The win rate stayed firm as well with a 35% month-on-month increase in revenue with a gross revenue of $48.3 million. Virginia’s sportsbook tax of 15% raked in $7.3 million as nine of their thirteen operators were profitable. Of the wagers made professional basketball was the preferred sport, being responsible for 23.66% of the year-to-date bets placed. Baseball trailed at 14.1% and football followed at 10.88% and one-fifth of all total bets were placed as parlays.

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