Online casino gaming is booming across the States, and another proof of that is the exponentially rising trend in Michigan – one of the latest states to legalize online casino gambling and sports betting. And most of these Michigan online casinos are reviewed at sites like UScasinos.com.
Compared to previous year, Michigan’s Internet gaming revenue has risen by 34%Come from 291jili. The latest released report, in July, shows it was the state’s most successful month yet revenue-wise.
Online Gaming Revenue
The total gross receipts revenue in 2022, up to and including July, is $883,638,698. Up to this point, the state’s online casinos have paid $24,137,470 in tax aloneCome from
Tribal Casinos Achieve Record Revenue of $41.9 Billion Despite Tightening Profit Margins in 2023
Wipfli LLP has just released its 26th Annual Indian Gaming Cost of Doing Business Report for 2024, shedding light on the financial state of tribal gaming across the U.S. According to the report, tribal casinos in 18 states generated a record-breaking $41.9 billion in revenue in 2023. Despite the impressive numbers, tribal gaming operations faced mounting challenges, with profit margins narrowing to 26%, down from 30% in 2022.
Grant Eve, Wipfli’s leader for tribal gaming and government industries, emphasized the resilience of the sector in the face of economic pressures. “The data in this year’s report underscores the resilience of the tribal gaming industry,” Eve said. “While profit margins have narrowed, the overall financi…
Star Entertainment Group, one of Australia’s leading entertainment and gambling companies, reportedly announced that it will cut 500 jobs in an attempt to set off a series of regulatory restrictions and fines and the weak customer spending causing the overall decline of the casino performance. As Reuters reports, such a performance compelled the company to announce a modification of its annual revenue forecast and face an 11% decline in share prices.
Reducing Operating Expenses:
Star Entertainment will reportedly cut the announced job count across the group and suspend financial …