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Pennsylvania Skill, powered by Pace-O-Matic, applauds casinos for hitting revenue record of $6 billion in 2024

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Incredible success creates questions about why casinos continue assault on skill games

Pace-O-Matic, the developer of Pennsylvania Skill games, congratulated the Pennsylvania Gaming Control Board (PGCB) and state casinos which saw an all-time high of $6.1 billion in revenue in 2024 and broke records during every month except one.

The 7.7% revenue increase from 2023 to 2024 comes from slot machines, table games, internet gaming, sports wagering, fantasy contests, and video gaming terminals (VGTs). The record includes a 25% increase in online gaming — iGaming — revenue over the previous year as more people turn to that form of gambling.

As the PGCB and casinos celebrate yet another enormous 12-month financial win, small businesses, veterans groups, volunteer fire companies, and other fraternal clubs across the state are also hailing the supplemental income they receive from operating legal skill games. Many would need to make difficult economic decisions without the revenue.

“It is tremendous that the state ended the year on such a high financial note with monthly and annual record-breaking revenue totals from casinos and other gambling enterprises under the jurisdiction of the PGCB,” said Mike Barley, chief public affairs officer for Pace-O-Matic, which created legal Pennsylvania Skill games. “This proves that casino gambling and small businesses and volunteer organizations that host skill games can coexist and succeed. No competition exists between the two.”

As the new legislative session begins, Barley also said he hopes casinos will not oppose legislation that fairly regulates and taxes skill games.

There is bipartisan, bicameral backing for legislation to be introduced by Sen. Gene Yaw and Rep. Danilo Burgos that will put guardrails around skill game operations and provide $250 million in new tax revenue for the state during the first year.

That revenue will only be generated through a reasonable tax on skill games. Barley added that casinos oppose the current 16% tax on skill games and want to see it more than doubled.

“Sadly, after years of unsuccessful legislation and legal challenges seeking an outright ban of skill games, the casino industry is now working to stop skill games through a business-killing tax rate. There is no way small businesses, American Legions, volunteer fire companies, Elks Clubs, and other places that count on skill games can pay the outrageous tax rate casinos champion.”

Propelled by a huge 25% increase in iGaming revenue, the combined 2024 revenue number is $6,137,414,455. During the last two years, as casinos fought skill games, this is the breakdown of the record revenue they were enjoying, according to the PGCB.

Percentage increases are for 2023 over the same months in 2022

  • January – 18% increase
  • February – 22% increase
  • March – 11% increase
  • April – 3% increase
  • May – 7% increase
  • June – 13% increase
  • July – 9% increase
  • August – 7.5%
  • September – 6.2%
  • October – 7.3%
  • November – 1.7%
  • December – 12.5%

Percentage increases are for 2024 over the same months in 2023

  • January – 2.7%
  • February – 9%
  • March – 7.6%
  • April – 5.9%
  • May – 8.8%
  • June – 7.1%
  • July – 7.2%
  • August – 11.6%
  • September – 6.1%
  • October – 2.8%
  • November – 26%
  • December – Nearly the same number as last year

For further information CONTACT: Jeanette Krebs, Pennsylvania Skill , [email protected]

 

The post Pennsylvania Skill, powered by Pace-O-Matic, applauds casinos for hitting revenue record of $6 billion in 2024 appeared first on European Gaming Industry News.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Sportradar Announces Pricing of Public Offering of Class A Ordinary Shares by Selling Shareholders and Concurrent Share Repurchase

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Sportradar Group AG (Nasdaq: SRAD) (“Sportradar” or the “Company”) today announced the pricing of the previously announced secondary public offering of an aggregate of 23,000,000 Class A ordinary shares of the Company (the “Secondary Offering”) by an affiliate of Canada Pension Plan Investment Board, an affiliate of TCV, and Carsten Koerl, the Company’s Chief Executive Officer (collectively, the “Selling Shareholders”), at a price to the public of $22.50 per share. The underwriters have been granted a 30-day option to purchase up to an additional 3,450,000 Class A ordinary shares from certain of the Selling Shareholders. The Company is not selling any shares and will not receive any proceeds from the Secondary Offering.

In connection with the Secondary Offering, Sportradar agreed to concurrently purchase from the underwriters 3,000,000 Class A ordinary shares at a price per share equal to the price at which the underwriters purchase the shares from the Selling Shareholders in the Secondary Offering (the “Share Repurchase”), subject to the completion of the Secondary Offering. The Share Repurchase is part of the Company’s existing $200 million share repurchase program and the Company intends to fund the Share Repurchase with cash on hand. The underwriters will not receive any underwriting fees for the shares being repurchased by the Company. The Secondary Offering is expected to close on April 25, 2025.

Goldman Sachs & Co. LLC and J.P. Morgan are acting as lead book-running managers, with Citigroup, Morgan Stanley, UBS Investment Bank, Jefferies and Deutsche Bank Securities acting as joint book-running managers for the Secondary Offering. The Benchmark Company, Canaccord Genuity, Citizens Capital Markets, Craig-Hallum and Needham & Company are acting as co-managers for the Secondary Offering.

The Company has filed a shelf registration statement (including a prospectus) on Form F-3 with the U.S. Securities and Exchange Commission (the “SEC”) for the Secondary Offering to which this communication relates. The registration statement automatically became effective upon filing on April 22, 2025. A preliminary prospectus supplement relating to the Secondary Offering has also been, and a prospectus supplement relating to the Secondary Offering will be, filed with the SEC. Investors should read the accompanying prospectus, dated April 22, 2025, the preliminary prospectus supplement relating to the Secondary Offering, dated April 22, 2025, the prospectus supplement once available and documents the Company has filed with the SEC for more complete information about the Company and the Secondary Offering.

The post Sportradar Announces Pricing of Public Offering of Class A Ordinary Shares by Selling Shareholders and Concurrent Share Repurchase appeared first on European Gaming Industry News.

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Casimba Gaming partners with Vega Gibraltar to unlock UK growth

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Online casino groupCasimba Gaming has appointed Vega Gibraltar to drive its ambitious expansion plans in the UK across Performance Marketing. 

Having previously worked with multiple agencies, Casimba Gaming made the decision to shift much of its strategy inhouse but recognised the need for a partner that can bring strategic firepower, speed, and fresh market insight without compromising on quality or control 

The partnership is designed to integrate tightly with Casimba’s internal teams, offering agencyscale support while operating with the accountability and attention to detail typically only found inhouse.  

For Vega Gibraltar, the partnership marks another important milestone for an agency that began trading less than 12 months ago, after being founded by Carl Hallam and Steven Taylor.  

Carl Hallam, Co-Founder at Vega Gibraltar, said: We’re incredibly proud to be working with Casimba Gaming. From day one, it’s felt like a true collaboration, and that’s exactly the kind of partnership we built Vega Gibraltar for.” 

Casimba know exactly what great execution looks like and expects nothing less. That’s why this partnership works.  

“We’ve always said the best work happens when we’re treated as an extension of the team, not an external agency.  

We’re not here to replace inhouse; we’re here to enhance it, with insight, scale, and speed that unlock growth. That shared mindset is already delivering excellent results.” 

Michael Curran, Head of Marketing at Casimba Gaming, added: “In the past, we found that most agencies couldn’t match the precision or ownership we get from our internal teams. But Vega is different.”  

They’ve already integrated very quickly, as a result, we’re seeing impressive KPI improvements across the board. Bringing a strategic perspective and genuinely caring about performance.  

“It feels less like hiring an agency, and more like gaining a highimpact extension of our team. We’re excited to see what we can achieve together! 

The post Casimba Gaming partners with Vega Gibraltar to unlock UK growth appeared first on European Gaming Industry News.

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PAGCOR maintains ISO 9001:2015 certification

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The Philippine Amusement and Gaming Corporation (PAGCOR) reaffirmed its commitment to quality governance standards after successfully maintaining its ISO 9001:2015 certification.

The certification, granted by DQS Certification Philippines, Inc. (DQS), came after a series of rigorous surveillance and scope extension audits conducted from December 16 to 20, 2024.

The recognition was formalized during an awarding ceremony today, April 24, at PAGCOR’s Corporate Office in Pasay City, affirming PAGCOR’s adherence to international quality management standards.

The surveillance audit covered eight existing sites including PAGCOR’s Main Corporate Office and several Casino Filipino branches in Tagaytay, Angeles, Citystate, Cebu, Ilocos Norte, Olongapo, and Bacolod.

The certification scope was also extended to ten additional sites including Casino Filipino Grand Regal, Malabon Grand, Binondo, Manila Grand Opera, Greenery, Midas, Kartini, Oriental Pearl, Networld, and Tropicana in Las Piñas.

PAGCOR Chairman and CEO Alejandro H. Tengco emphasized that maintaining the ISO 9001:2015 certification is an important testament to the agency’s dedication to excellence and public service.

“Maintaining our ISO 9001:2015 certification is certainly no small feat,” he said. “This is the result of the collective effort of the entire PAGCOR family, and it reflects our team’s discipline, teamwork and commitment to quality service for the benefit of the government and the Filipino people.”

In its audit report, DQS lauded PAGCOR’s top management for consistently supporting quality improvements and effectively managing risk, highlighting the agency’s strong operational controls, cross-divisional collaboration and focus on employee engagement and customer satisfaction.

Among other noteworthy initiatives cited by the third party audit team were innovations in cash transaction handling at gaming tables, the use of customer feedback systems and e-learning compliance training especially in anti-money laundering.

It also noted the agency’s deployment of modern technologies like the “Card Canister Randomizer” and digital record-keeping systems.

The ISO 9001:2015 certification, which applies to PAGCOR’s multi-site operations, remains valid until March 21, 2026.

The post PAGCOR maintains ISO 9001:2015 certification appeared first on European Gaming Industry News.

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