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Ho-Chunk Nation of Wisconsin earn federal approval for Beloit casino

The Ho-Chunk tribe of Wisconsin has reached a major point in the development of a casino complex for the city of Beloit. The tribe was approved by the Bureau of Indian Affairs, clearing the last federal hurdle needed to move forward with the project. The tribe can now begin the construction phase of the casino, …

Universal Entertainment Corporation returns to profit as Okada Manila sales surge

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation has reportedly released its first-quarter financial results showing that its net income had swelled by over 260% year-on-year to approximately $64.75 million. According to a Sunday report from Inside Asian Gaming, the encouraging result from the Tokyo-headquartered firm comes after it recorded a loss of …

Macau casino operators would benefit from a rumored tax cut proposal

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the rate of its gross gaming revenues tax. According to a report from GGRAsia, this estimate comes as the enclave’s Legislative …

Asian Racing Federation examination highlights illicit iGaming growth

As part of a new probe into the global iGaming industry and the Asian Racing Federation has reportedly announced that it believes up to 61% of online gambling domains are effectively operating illegally with junkets fuelling a large part of their growth. According to a report from Asia Gaming Brief, the 94-page examination from the pan-Asian …