News February 2025
Nevada sets new annual revenue record Operator News
Nevada set an all-time revenue record in 2024 with GGR of $15.61bn, boosted by its best-ever December of $1.46bn despite a dip on Te Strip. December’s total saw a two per cent increase to $881.2m, reversing four consecutive months of declines. Las Vegas locals casinos led the way with Clark County up 10.6 per cent to $1.9bn and Downtown Las Vegas up 2.4 per cent to $931.2m. Slots accounted 67.4 per cent of the state’s total
gaming throughout 2024, up 2.3 per cent with table gaming up 0.5 per cent. Te year’s revenue record was boosted by Las Vegas recording its best year of visitation since the pandemic at 41.7 million people.
UKGC details new rules over deposits and funds protection Operator News
Te Gambling Commission has announced changes aimed at increasing consumer control over deposit limits and greater transparency of customer funds protection by operators. A further change to the Commission’s Licence Conditions and Codes of Practice (LCCP) will also pave the way for implementation of Government’s upcoming statutory levy. New rules will give consumers more
effective ways to manage their gambling by making it easier to set and maintain deposit limits on their online accounts, in ways that work best for them. From 31 October, all gambling businesses must prompt their customers to set a financial limit before they make their first deposit and make it easy to review and alter this limit at any point after. Tese rules will take good practice already
offered by some operators and expand that so customers can expect the same standards across the industry. Gambling businesses will also be required to remind consumers every six
Espírito Santo becomes latest state to establish rules for sports betting and lottery games Legislation
Te Government of Espírito Santo has published Decree No. 5931-R, regulating state lottery services. Tis decree establishes rules for the operation and exploitation of lottery modalities including sports betting, as well as allocating profits to programs for culture, sports, social assistance, leisure and tourism. Te decree stipulates that Banestes Loteria S.A. will exclusively operate the public service of the state lottery, as a subsidiary of the Bank of
18
months to review their account and transaction information – this will help consumers consider if they want to change existing, or set new, deposit limits. Operators who hold customer funds must
already set out in the terms and conditions whether these are protected in the event of insolvency, the level of such protection and the method by which this is achieved. Tey must also make this information available at the point at which a customer first deposits money. Te level of protection must be described as either ‘not protected – no segregation’, ‘not protected – segregation of customer funds’, ‘medium protection’ or ‘high protection’. Operators whose customer funds are ‘not protected’ in the event of insolvency must actively remind consumers once every six months that their funds are not protected. Whilst there is no legal duty on gambling
operators to protect customers funds in the event of insolvency, many of them do so voluntarily. Te changes will help consumers understand which operators protect their funds – information which will support them in choosing who they gamble with.
the State of Espírito Santo (Banestes S.A.). Private companies may participate, but the majority shareholder control must remain with Banestes. Te decree specifies that 11.5 per cent of Banestes Loteria’s net profit is to be allocated to the state. In September 2020, the Supreme Court of
Brazil ruled that the federal government's monopoly on lotteries was unconstitutional, allowing each of Brazil's 26 states and one federal district to establish their own state lotteries, provided they adhered to federal regulations. Importantly, sports betting had already been classified as a form of lottery under Law No. 13,756, which was signed by then-President Michel Temer in 2018.
Wynn targets VIP gamblers with purchase of London casino Aspinalls Operator News
Wynn Resorts will acquire Crown London (Aspinalls), a small, members-only casino in the heart of London’s upscale Mayfair district, subject to the receipt of regulatory approvals which are anticipated in the second half of 2025. Snapping up the prestigious Mayfair casino
location expands Wynn’s footprint in Europe and the Middle East ahead of Wynn Al Marjan Island opening in the UAE. Perhaps more pertinently, the deal will give Wynn Resorts access to a database of wealthy, VIP gamblers from the Middle East who have traditionally gone to London to gamble. In 2023, the UK welcomed 477,000 tourists from the United Arab Emirates. During the travellers’ visits, their total expenditure was a record £914.1m, with an average spend of £1,918 per visit. Crown London spans two historic townhouses at
27-28 Curzon Street, Mayfair, London. It offers 20 gaming tables in a variety of sophisticated salons, as well as an intimate restaurant and lounge.
Waterfront Manila Casino set to reopen Operator News
Acesite, the Philippines-based owner of the Waterfront Manila Hotel & Casino which has been closed since 2018 following a fire, has confirmed its reopening will take place in three phases. Te first phase, which sees the reopening of the
lobby, food and beverage outlets and the casino, will take place in the first quarter of 2026. Te second phase will see more guest amenities and facilities opening late in the third quarter of 2026. Te final phase, targeted for the first quarter of 2027, will complete the remaining hotel rooms and general amenities, marking the full reopening of the property.
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