News March 2025
Mohegan loses ‘operational control’ Operator News
A number of news outlets have reported that private equity firm Bain Capital has taken ‘operational control’ of Mohegan Inspire, the largest integrated resort in South Korea. It follows reports of a missed loan repayment of $275m by MGE Korea, the South Korean subsidiary of the US-based Mohegan Gaming & Entertainment (MGE), which had owned 100 per cent of the resort on the island in Incheon. Te resort’s official name has reportedly been
US gaming revenue up 7.5 per cent Operator News
US commercial gaming revenue reached an annual record of $71.92bn in 2024, according to the American Gaming Association’s (AGA) Commercial Gaming Revenue Tracker. Te total surpasses 2023’s previous high of $66.5bn by 7.5 per cent, marking the industry’s fourth-straight record revenue year. Te year was punctuated by an all-time single quarter record revenue of $18.62bn in Q4 2024. “In 2024, Americans embraced the diverse
legal gaming options available to them— whether in casinos, at sportsbooks, or online—leading to another record-setting year for our industry,” said AGA President and CEO Bill Miller. “As we build on this success, the AGA remains committed to fostering additional growth that benefits consumers, operators, and communities alike.” Te commercial gaming industry continues
to evolve, with online gaming making up 30 per cent of nationwide commercial gaming revenue in 2024, generating a new annual record of $21.54bn. Looking at each sector,
New projects for Churchill Downs Operator News
Churchill Downs has announced a multi-year series of capital projects that will enhance and expand the Kentucky Derby experience across three key areas of Churchill Downs Racetrack. Te series of transformational projects are,
collectively, the largest expansion and renovation undertaken in the 150-year history of CDI. Te three projects are Te Skye Reconstruction and Expansion Project, Conservatory Project, and Infield General Admission Project. CDI plans to invest the
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brick-and-mortar casino slots and table games generated a record revenue of $49.78bn in 2024, a growth of 82 basis points compared to 2023. On a state level, 12 out of 27 traditional gaming markets achieved new state revenue records this year. In 2024, nationwide sports betting revenue
reached $13.71bn, a 25.4 per cent increase from 2023’s record of 11.04bn. In addition, the fall sports calendar propelled legal sportsbooks to their most lucrative quarter on record for the sixth year in a row, earning $3.66bn, up 7.3 per cent from the previous record set in Q4 of 2023. Both New Jersey and Illinois exceeded $1bn in annual sports betting revenue for the first time. Online casino revenue grew 28.7 per cent
year-over-year to $8.41bn in the seven states with full-scale legal iGaming. All six previously established iGaming markets achieved new annual revenue
records.Six of the top 20 commercial casino gaming markets reported revenue growth compared to the previous year, with the Las Vegas Strip holding its spot as the top market by commercial revenue.
following capital in each of the projects between 2025 and 2028. Te Skye Terrace Renovation and Expansion Project will cost between $455 to $465m. Te Conservatory Project will see an investment of $320 to $330m. Te Infield General Admission Project will require a spend of $60 to $70m whilst Infrastructure Projects will cost a further $45 to $55m. “Tese projects as well as key infrastructure
improvements, reflect the company’s commitment to providing world-class hospitality and premium seating options for guests for many decades to come,” said Bill Carstanjen, Chief Executive Officer of CDI.
changed from Mohegan Inspire Entertainment Resort to Inspire Entertainment Resort. A Mohegan official was quoted as saying: “Although the management rights have been transferred to Bain Capital, there will be no immediate changes in the executive team.”
NSW reviews facial recognition reforms Operator News
Gambling customers in New South Wales are being invited to have their say on two new schemes that fulfil election commitments and build on the Minns Labor Government’s delivery of gaming reforms to address gambling harm and money laundering while supporting a thriving hospitality industry. Te gambling and betting community can give feedback on consultation papers for a proposed third-party exclusion scheme and proposed mandatory facial recognition technology to support a statewide exclusion register for NSW hotels and clubs with gaming machines. Te NSW Government said: “Facial recognition
technology will support gambling harm- minimisation by removing the guesswork of staff identifying excluded patrons, often in crowded venues. Tere would still need to be human interaction to verify the match made by the system.”
SPA issues 21 definitive authorisations Operator News
Te Secretariat of Prizes and Bets (SPA) of the Ministry of Finance has published, in the Official Gazette, 21 orders for definitive authorisation for 21 companies to operate betting. Of these, 20 already had provisional authorisations. Provisional authorisations were granted to
companies that met the initial stages of the authorisation process. Te number of companies with definitive authorisation has increased to 35 with each valid for five years and requiring the payment of a pre-licensing fee of R$30m. Each licensing fee grants the right to operate up to three brands/bets on websites with the “
.bet.br” extension.
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