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Macau GGR Remains Subdued At MOP$5.88 Billion (US$733 Million) In September - FortuneZ
Macau recorded gross gaming revenue of MOP$5.88 billion (US$733 million) in September, up 32.4% compared with August but still significantly impacted by recent COVID-19 outbreaks in Macau and mainland China. According to information published by the Gaming Inspection and Coordination Bureau, the September GGR figure was 165.9% higher than in September 2020 although it was also …
Fire Away: Galaxy Heroes Debuts NFT Marketplace for Heroes - FortuneZ
It’s a Bird, It’s a Plane, No, it’s Galaxy Heroes. A superhero-based gaming and Non-Fungible Token (NFT) protocol built on Binance Smart Chain (BSC), has debut their Galaxy Heroes Coin‘s NFT marketplace where it opens up access for everyone who wants to mint and sell their NFTs. Brian Sumner, Founder and CEO of Galaxy Heroes, …
Banks Protest Crypto Firms' Claim to Federal Reserve Payments Systems - FortuneZ
Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with such access. Some of the major crypto firms that aim to …
Kazakhstan Proposes Power Price Hikes And Taxes Targeting Crypto Miners - FortuneZ
The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry. On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, proposed a price increase from $0.0023 per Kwh to $0.01 (around a 335% increase) specifically for …
World Series of Poker Announces Mandatory Vaccination Policy For All Players Ahead Of 2021 Series - FortuneZ
The World Series of Poker has announced a new vaccination policy for this year’s series under which all players and any other attendees will be required to show proof of full vaccination against COVID-19 before entry. The policy, in place for the duration of this years’ series at the Rio All-Suite Hotel & Casino from 30 …
Twitter Crypto. The Dedicated Team Aimed At Exploring DApps And More - FortuneZ
“We’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” said team lead Tess Rinearson. Social media giant Twitter is expanding further into the crypto space by setting up a team to look into decentralized applications, cryptocurrencies and blockchain. According to a Wednesday tweet, …
Simple Math Says Russia Could Collect Up To $13B In Crypto Tax Each Year - FortuneZ
The analytic note mentioned that the estimates are purely an overview and based on a basic tax slab of 6%, which would be quite different once regulations are set in place. The Russian government is expected to collect up to 1 trillion rubles ($13 billion) in crypto tax each year, as per an estimation by …
Value locked In DeFi Grows 936% In 1 Year, NFT Sector Strengthens: DappRadar - FortuneZ
New research by analytics platform DappRadar has revealed the extent to which decentralized finance (DeFi) and nonfungible token (NFT) markets have grown this year. In its Thursday “Value Flow Report,” DappRadar reported that recent trends have seen sizable growth in NFTs and blockchain gaming but that DeFi is also still generating substantial value.“Although the value flows …
Time2play Offers Streamers Twitch Alternative After Casino Links Ban - FortuneZ
Online gaming review site Time2play has launched a new streaming platform and extended an invitation to casino streamers looking for an alternative to the streaming platform Twitch. Earlier this month, Twitch announced a ban on users from sharing links and referral codes to casino sites offering slots, roulette or dice games, which came into force on 17 …
MGM China Reports Slight Revenue Increase In 4Q21 - FortuneZ
Macau concessionaire MGM China saw net revenues rise 3% year-on-year and 9% sequentially to HK$2.45 billion (US$315 million) in the three months to 31 December 2021, although Adjusted EBITDA fell 88% to HK$89 million (US$11.4 million) due to a US$23 million bonus reversal in the prior year quarter and a US$13 million increase in bad …