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CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

July 17, 2024

Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

CLSA has revised its financial projections for Macau's gaming sector for 2024 and 2025. This adjustment reflects ongoing changes in the global and regional economic landscape, competitive pressures among Macau'...

The Mirage Closes: Steve Wynn Reflects on Iconic Las Vegas Resort

Vanja Mitic

July 16, 2024

U.S.A., Las Vegas, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Casino closures, Gaming Industry News

The iconic Mirage Hotel & Casino on the Las Vegas Strip, which helped redefine the city as an ultra-luxury resort destination, is set to close on July 17, 2024. This closure marks the end of an era for a pr...

Andrew Lo Appointed President of Suntrust Resort Holdings Inc, Succeeding David Chua

Vanja Mitic

July 16, 2024

Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Casino moguls, Employment & Careers, Asian Casino News, Labor Relations, Philippines

Suntrust Resort Holdings Inc. has named Andrew Lo Kai Bong its new president following David Chua Ming Huat's sudden departure. This leadership transition was announced in a filing to the Philippines Stock Exch...

Philippine Gaming Industry Revenue Soars 19% to $3.3 Billion in First Half of 2024

Vanja Mitic

July 15, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Online Gambling News, Asian Casino News, Financial Press Releases, Philippines

The Philippine gaming industry witnessed a significant surge in revenue during the first half of 2024, reporting a year-on-year growth of 19.2%. According to the latest figures released by the Philippine Amusem...

Bally’s Secures Funding for $1.7 Billion Chicago Casino Complex

Vanja Mitic

July 14, 2024

Latest Casino and Gambling News, Casino Destinations, Casino News, New Hotels, Gaming Industry News, Casino project updates, Casino moguls, Economy/Finance, Illinois

One week after acquiring the Freedom Center printing plant, Bally’s secured financing to build a $1.7 billion casino complex on the 30-acre River West site. The company announced a deal with Gaming and Leisure ...

Petersburg, VA Poised for Casino Development Pending November Referendum Approval

Vanja Mitic

July 11, 2024

Virginia, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance

Petersburg is on the brink of potentially becoming home to a new casino. The Virginia Lottery Department has given its nod to the city’s plans, marking a significant step forward. All that remains now is for a ...

LET Group Advances Plans to Sell Tigre de Cristal Stake Amid Sanctions

Vanja Mitic

July 10, 2024

Casino Sales, Latest Casino and Gambling News, Casino Destinations, Casino News, Gaming Industry News, Russia

The Chairman and controlling shareholder of the Hong Kong-listed LET Group, Andrew Lo, has revived plans to sell the company’s entire interest in the Russian-integrated resort Tigre de Cristal, located in the P...

Win-River Casino Relocation Progresses with DOI’s Land Transfer Approval

Vanja Mitic

July 10, 2024

Tribal Gaming, Casino News, Latest Casino and Gambling News, Tribal Gaming, U.S.A., Casino Destinations, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, California

The Redding Rancheria has received federal approval to move forward with a contentious plan to expand and relocate the tribe's Win-River Resort and Casino, California, to prime freeway frontage property along t...

Caesars and MGM Set to Gain from Closures of Tropicana and Mirage on Las Vegas Strip

Vanja Mitic

July 4, 2024

U.S.A., Las Vegas, Casino Destinations, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Casino closures, Gaming Industry News

According to a Las Vegas-based gaming analyst, the recent closures of two significant properties on the Las Vegas Strip will likely benefit the largest casino operators, Caesars Entertainment and MGM Resorts In...

Paradise Group in South Korea Unveils Major Expansion Plans for Travel and Casino Sectors

Vanja Mitic

July 3, 2024

Casino News, Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, Casino project updates, Gaming Industry News, Economy/Finance, Asian Casino News, South Korea

Paradise Group is set to revolutionize customer experiences by introducing innovative travel products and enhancing its casino offerings, with a strong emphasis on attracting international visitors. The hotel o...

PH Resorts Ends Agreement with TRLEI for Emerald Bay Resort Project

Vanja Mitic

July 2, 2024

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines

PH Resorts Group Holdings Inc, which is overseeing the stalled Emerald Bay Resort casino project in Mactan, Cebu, has officially terminated its term sheet with Tiger Resort Leisure & Entertainment Inc (TRLE...

Stakelogic Partners with Hard Rock Casino NL to Expand Slots and Live Casino Offerings

Vanja Mitic

July 2, 2024

Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Industry News, European Casino News, Mergers, Acquisitions & Partnerships, Netherlands

Stakelogic has signed a strategic agreement with Hard Rock Casino NL, solidifying its position as a leading provider of online slots and live casino content in the Netherlands. Hard Rock Casino NL will integrat...

FATF Keeps Philippines on Grey List, Cites Need for Further AML/CFT Improvements

Vanja Mitic

July 1, 2024

Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Mobile gaming, Asian Casino News, Online Gambling News, Philippines

On Friday, the Financial Action Task Force (FATF), a global financial watchdog, confirmed that the Philippines remains on its "grey list" of jurisdictions under heightened scrutiny. Despite this, the FATF ackno...

Queen’s Wharf Brisbane Casino and Entertainment Complex Set for Phased Opening Starting August 29

Vanja Mitic

July 1, 2024

Australia, Casino News, Latest Casino and Gambling News, Casino Destinations, Casino expansion projects, World Casino News, Casino openings, Casino project updates, Gaming Industry News, Oceania Casino News

Seven years after the old Queensland government executive building was demolished, the Queen’s Wharf casino and entertainment complex is nearing its much-anticipated opening, albeit two years later than initial...

Peninsula Pacific Entertainment and Linn County Gaming Association Prepare for Iowa Casino License Application

Vanja Mitic

June 27, 2024

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Licenses, Iowa

Peninsula Pacific Entertainment (P2E) and the Linn County Gaming Association (LCGA) have announced their intention to jointly apply for a gaming license with the Iowa Racing and Gaming Commission (IRGC) followi...

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CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

The Mirage Closes: Steve Wynn Reflects on Iconic Las Vegas Resort

Andrew Lo Appointed President of Suntrust Resort Holdings Inc, Succeeding David Chua

Philippine Gaming Industry Revenue Soars 19% to $3.3 Billion in First Half of 2024

Bally’s Secures Funding for $1.7 Billion Chicago Casino Complex

Petersburg, VA Poised for Casino Development Pending November Referendum Approval

LET Group Advances Plans to Sell Tigre de Cristal Stake Amid Sanctions

Win-River Casino Relocation Progresses with DOI’s Land Transfer Approval

Caesars and MGM Set to Gain from Closures of Tropicana and Mirage on Las Vegas Strip

Paradise Group in South Korea Unveils Major Expansion Plans for Travel and Casino Sectors

PH Resorts Ends Agreement with TRLEI for Emerald Bay Resort Project

Stakelogic Partners with Hard Rock Casino NL to Expand Slots and Live Casino Offerings

FATF Keeps Philippines on Grey List, Cites Need for Further AML/CFT Improvements

Queen’s Wharf Brisbane Casino and Entertainment Complex Set for Phased Opening Starting August 29

Peninsula Pacific Entertainment and Linn County Gaming Association Prepare for Iowa Casino License Application

Major Money Laundering Crackdown in Singapore Tied to Online Gambling

Marina Bay Sands Pursues $9 Billion Loan for Resort Expansion

Bally’s Corporation Stockholders Ratify Strategic Merger with The Queen Casino

Tasmanian Government Delays Implementation of Cashless Pokies Card Amidst Controversy

Michigan Online Casinos Set $220.7M Revenue Record in October