Tag: State-owned casinos
Iowa: Q Casino in Dubuque breaks ground on $47M hotel project
Project leaders have begun construction on a key portion of an $83 million renovation project at a Dubuque casino. Casino leaders, elected... more
Sweden: Casino closures hit Svenska Spel as net profit falls in Q1
Sweden’s Svenska Spel reported a 24.6% year-on-year decline in net profit to SEK294.0m ($27.0m) in Q1 as spending increased and revenue... more
Iowa: Win or lose, Polk County in awkward position as it fights Prairie Meadows tax challenge
In an odd legal fight, Polk County leaders are opposing cutting the government’s own tax burden. The county, which owns the land and... more
New York: Long Island casino to break ground on $210M expansion to stay ahead of competition
Suffolk OTB will break ground on a $210 million expansion of Jake’s 58 Casino Hotel ahead of its competitors vying for the coveted NYC... more
New York: Islandia to eliminate village property taxes once Jake’s 58 expansion is complete
The Village of Islandia plans to eliminate property taxes once the Jake’s 58 casino expansion is complete, saving village residents... more
Kansas Lottery notches highest sales year ever, as casino proceeds drop
2023 was a banner year for the Kansas Lottery, but that ‘bit’ into casino profits. Executive Director Stephen Durrell met with... more
Svenska Spel in 2023 maintains a stable footing amidst economic challenges
Svenska Spel has released its annual report for the year 2023, revealing insights into its performance amidst challenging external... more
Denmark: Lottery boosts Danske Spil in FY23, with igaming and land-based revenue down 3%
Denmark’s Danske Spil reported a year-on-year increase in revenue and net profit during its 2023 financial year following growth within... more
British Columbia warns of ‘predatory and sophisticated’ gambling scams mimicking legit casinos
British Columbia’s provincial gambling body is warning the public about a series of online scams that are allegedly tricking people... more
Loto-Quebec’s latest financial results show dip in revenue
According to the latest quarterly financial report issued Wednesday by Loto-Québec., between April and Dec. 25, 2023, the crown... more
