Canada
Nevada Gaming Control Board: Nevada Gaming Abstract
The Nevada Gaming Control Board has released its “NEVADA GAMING ABSTRACT – 2020.” The ABSTRACT is a report of combined financial information regarding Nevada gaming licensees grossing $1 million or more in gaming revenue during the fiscal year ended June 30, 2020 (FY 2020).
During FY 2020, there were 267 casinos in Nevada which grossed $1 million or more in gaming revenue. Together, these casinos generated net income of $2,893,142,737 from total revenues of $18,348,234,892. These results are improved compared to FY19 when net income of $2,055,525,922 was recorded on total revenues of $24,546,009,009. “Total revenue” is the money spent by patrons on gaming, rooms, food, beverage, and other attractions. “Net income/loss” is the money retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses. Gaming revenue accounted for $6,746,883,467 or 36.8% of total revenue. These 267 casinos paid $693,999,763 in gaming taxes and fees, equating to 10.3% of their gaming revenue.
On a county-by-county basis, Clark County had 157 casinos grossing $1 million or more in gaming revenue during FY 2020, which generated combined net income of $2,912,541,800 from total revenues of $16,298,422,043. Washoe County had 33 casinos which reported combined net income of $21,290,888 from total revenues of $1,166,315,584. Elko County had 17 casinos with $11,933,545 in combined net income. South Shore Lake Tahoe in Douglas County with 6 licensees reported a net loss of $65,861,830. Carson Valley Area with 15 casinos generated net income of $3,758,939. The balance of the state had 39 casinos earning $9,479,395 in combined net income.
|
Net Income/ |
% Change |
Total |
% Change |
Gaming |
% Change |
|
| Area |
Loss |
from FY 2019 |
Revenue |
from FY 2019 |
Revenue |
from FY 2019 |
| Statewide |
$2,893,142,737 |
40.7% |
$18,348,234,892 |
-25.2% |
$6,746,883,467 |
-23.0% |
| Clark County |
$2,912,541,800 |
54.9% |
$16,298,422,043 |
-25.8% |
$5,773,824,541 |
-23.4% |
| Las Vegas Strip |
$2,740,220,338 |
162.1% |
$12,126,708,964 |
-26.7% |
$3,387,496,073 |
-24.2% |
| Downtown Las Vegas |
$21,914,582 |
-87.8% |
$932,318,182 |
-23.7% |
$436,238,178 |
-23.3% |
| Laughlin |
-$13,059,417 |
-113.6% |
$530,828,762 |
-25.6% |
$277,343,919 |
-27.9% |
| Boulder Strip |
$81,765,488 |
-61.5% |
$879,342,448 |
-23.0% |
$557,683,971 |
-22.1% |
| Balance of County |
$81,700,809 |
-76.5% |
$1,829,223,687 |
-22.3% |
$1,115,062,400 |
-20.5% |
| Washoe County |
$21,290,888 |
-83.4% |
$1,166,315,584 |
-19.4% |
$474,929,043 |
-22.0% |
| Reno/Sparks |
$13,229,233 |
-88.0% |
$1,039,760,602 |
-19.9% |
$409,636,693 |
-23.2% |
| South Shore Lake Tahoe |
-$65,861,830 |
18.4% |
$283,292,673 |
-19.9% |
$131,274,877 |
-16.0% |
| Elko County |
$11,933,545 |
-79.6% |
$316,825,925 |
-23.1% |
$181,095,570 |
-17.7% |
| Wendover |
$18,466,340 |
-63.4% |
$201,775,837 |
-21.2% |
$113,950,499 |
-14.7% |
| Carson Valley Area |
$3,758,939 |
-71.6% |
$122,862,793 |
-19.9% |
$79,340,643 |
-18.9% |
| Balance of State |
$9,479,395 |
-68.8% |
$160,515,874 |
-22.5% |
$106,418,793 |
-21.2% |
In FY 2020, 61 casinos owned by public companies accounted for 71.0% of the total gaming revenue generated statewide during the fiscal year.
In addition to providing combined balance sheets and income statements, the GAMING ABSTRACT includes data concerning average number of employees, rate of room occupancy, revenue earned per room per day, gaming revenue earned per square foot of gaming floor space, and various ratios. Data is also combined into totals representative of casinos statewide with rooms and casinos statewide owned by publicly held corporations.
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Alberta iGaming Corporation
Alberta iGaming Corporation Partners with Responsible Gambling Council
The Alberta iGaming Corporation (AiGC) has announced a partnership with the Responsible Gambling Council (RGC) that will make RG Check accreditation a mandatory requirement for all internet gaming (iGaming) sites entering Alberta’s regulated market.
This collaboration demonstrates Alberta’s commitment to player protection by ensuring every regulated operator meets the highest evidence-based standards for responsible gambling.
“Alberta is committed to building a safer, regulated iGaming environment where player protection comes first. By requiring RG Check accreditation, we’re ensuring that every iGaming operator in our market has demonstrated their commitment to player safety through independent verification of their responsible gambling programs,” said Dan Keene, Interim AiGC CEO.
RG Check is a Canadian-made, globally trusted, independent responsible gambling accreditation program. Developed by RGC more than a decade ago, RG Check evaluates sites against rigorous, evidence-based standards, covering governance, player safeguards, staff training, and marketing practices. The accreditation provides clear, measurable accountability and has become the gold standard for responsible gambling across multiple jurisdictions.
“This partnership with AiGC demonstrates the power of regulators and responsible gambling experts working together to protect players from day one. Alberta is building on a strong foundation established in Ontario, where RG Check has proven its value in creating safer gambling environments. This proactive approach ensures that player protection isn’t an afterthought; it’s built into the market from the ground up,” said Sarah McCarthy, CEO of RGC.
Alberta’s requirement will ensure that:
• All iGaming sites must achieve RG Check accreditation
• Operators must maintain their accreditation in good standing while operating in Alberta
• RGC will conduct assessments based on internationally recognized responsible gambling standards
• AiGC will work closely with RGC to ensure ongoing compliance and continuous improvement.
Requiring accreditation in Alberta’s market reflects AiGC’s commitment to promoting responsible gambling, and will create a level playing field where protecting players is a competitive advantage, not just a compliance checkbox.
For operators who currently hold RG Check accreditation in another jurisdiction, the transition to Alberta will be streamlined. While a distinct Alberta accreditation is still required, existing accreditations will be recognized to simplify the process and reduce costs. Operators will benefit from an efficient onboarding process that reduces administrative burden while maintaining the same rigorous standards for player protection.
The post Alberta iGaming Corporation Partners with Responsible Gambling Council appeared first on Americas iGaming & Sports Betting News.
Canada
St8 launches in Ontario through partnership with Tonybet
Casino games aggregator and full-service technology provider, St8 has officially gone live in Ontario’s regulated market through a new partnership with international brand Tonybet.
Through the partnership, Tonybet gains access to St8’s casino games aggregation platform, offering a wide range of premium titles from leading providers through a single API, alongside bonusing and promotional tools, compliance and licensing solutions, advanced reporting and data capabilities.
Built as a single scalable platform, St8’s products are designed to help operators launch and grow across regulated markets with fast, flexible technology solutions while maintaining full compliance.
The agreement marks a further step in St8’s global growth strategy as the company continues to expand its presence across regulated jurisdictions.
Vladimir Negine, CEO at St8, said: “Going live in Ontario is an important milestone for St8 and reflects our continued commitment to growth in regulated markets. Since receiving our Ontario licence, we have focused on building strong local partnerships and delivering a platform that combines scalability, speed and compliance.
“As a respected international brand, Tonybet shares our commitment to building reliable solutions for regulated markets, and we look forward to working closely together as we continue to expand our presence in regulated jurisdictions worldwide.”
Kiryl Liudvikevich, Head of Product at Tonybet, added: “As we expand our presence in Ontario, it is important for us to work with technology partners that support continued growth while meeting the highest regulatory standards.
“St8’s platform gives us the flexibility to integrate a wide range of content and tools through a single connection, helping us scale smoothly while maintaining a strong focus on player experience.”
St8 continues to lead the way as a partner of choice for regulated markets. In addition to its Ontario licence, the company holds licences in key regulated jurisdictions like the United Kingdom, Sweden and Romania, among others.
The post St8 launches in Ontario through partnership with Tonybet appeared first on Americas iGaming & Sports Betting News.
Canada
Rivalry Corp. Announces Significant Reduction in Operations and Evaluation of Strategic Alternatives
Rivalry Corp. announced that its Board of Directors has approved a significant reduction in operating activity as the Company evaluates strategic alternatives in respect of its assets and operations.
The Company is engaged in discussions with third parties regarding potential transactions. However, in light of recent performance volatility, the Board has determined to materially reduce the scale of operations while assessing whether a strategic transaction or other alternative can be advanced.
Effective immediately, the Company is implementing substantial cost reductions, including a significant workforce reduction and reduced operating expenditures. The Company has paused player activity on its platform and is facilitating player withdrawals in the ordinary course.
The Company is assessing a range of potential alternatives, which may include asset-level transactions, corporate transactions, restructuring initiatives or other strategic outcomes.
Given the Company’s reduced operating scale and the ongoing evaluation process, there can be no assurance that any strategic alternative will be completed or that operations will continue in their current form.
The post Rivalry Corp. Announces Significant Reduction in Operations and Evaluation of Strategic Alternatives appeared first on Americas iGaming & Sports Betting News.
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