Gambling finances: information about the situation of this industry

In this article we’ve decided to have a look at financial affairs of the companies in gambling business.

Swiss casinos showed growth of income in 2016

The official web site of Swiss Casino Federation presented information about financial report for 2016. According to the published data, this gambling industry showed profit growth by 1,2%.

In 2016, Swiss casinos managed to earn 689 million francs, that is 8,2 million francs more than the overall profit of casinos in 2015.

We should notice that income growth on the activity of live gambling facilities was shown for the first time since 2007. The record year on overall profit was 2004, when Swiss Casino Federation reported about 769 million francs of net profit.

Let us remind you that sports betting is prohibited in Switzerland, as well as online gambling so, you would not be able to find online casinos that give free money to start here. But the government works on betting legalization to decrease the downfall of capitalization from the work of offshore gambling operators.

Gambling business gave 16,5 million dollars for Kazakhstani budget in five months.

For five months of this year gambling business brought about 16,5 million dollars to the budget of Kazakhstan. This is 16% more than the same period last year. According to preliminary forecasts of the leading analytics, this year gambling business will give the country about 34,5 million dollars in taxes, what is 8% more than the last year.

Taxes paid by the gambling companies operating in Astana almost doubled, and now are 888,8 thousand dollars. That way, the region generated 86% of the year plan on tax payments in mere five months. 64% of all the taxes are generated by Akmolin and Almata regions, and that makes sense as all the legal live casinos are situated in these regions.

Taxes from gambling business in other regions of Kazakhstan are 4,8 million dollars, showing 15 percent growth in comparison with the same period last year.

You may check and buy tips to benefit from sports betting and not to lose your money.

Gambling profit of Nevada bookmakers dropped by almost 50% in May

Profits of bookmakers operating in American state of Nevada showed an incredible downfall in May this year. According to a monthly report of local regulator, bookmakers managed to get income that is almost 50% less than in May 2016. The total profit was only 3 million dollars.

As for total profits of the industry, the situation is much better here. Gambling companies of Nevada got profit of 991,6 million dollars. This is 3,5% more than in the last month of spring last year. The profit from gambling slots operating in Nevada was 647,2 million dollars, that is 2,7% more than in 2016. The profit of the casino grew by 5% and was 344,4 million dollars.

Let us remind you that in April the income in the state showed 1,2% growth. The profit of playing tables dropped by 6,8% while the profit of the casinos grew by 5,5%.