Economy/Finance

Wynn Macau Limited to hand out employee ‘winter bonus’

January 16, 2019

Latest Casino and Gambling News, Economy/Finance, Macau, Labor Relations

Asian casino giant Wynn Macau Limited has reportedly declared that it will be rewarding eligible employees at its Wynn Palace Cotai and Wynn Macau integrated casino resorts with a ‘winter bonus’ set to be equiv...

Atlantic City casino market records higher annual gaming revenues

Adam Morgan

January 16, 2019

Latest Casino and Gambling News, Economy/Finance, New Jersey

The Atlantic City casino market had a good 2018 after its nine venues managed to record a 9.2% increase year-on-year in annual aggregated gross gaming revenues to just over $2.9 billion and take in a combined $...

American casino operators to face possible challenges in Macau

Adam Morgan

January 15, 2019

Latest Casino and Gambling News, Economy/Finance, Licenses, Macau

In Macau, a slowing economy alongside the prospects of a heightened trade war between the United States and China could reportedly lead to significant challenges for the three foreign gambling firms that operat...

Annual figures published for Okada Manila

Adam Morgan

January 11, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Philippines

Japanese pachinko, slot and arcade games manufacturer, Universal Entertainment Corporation, has reportedly announced that last year saw its Okada Manila integrated casino resort record adjusted earnings before ...

Problems pile up for Ocean Resort Casino in Atlantic City

Marie Kelley

January 10, 2019

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey

After opening back in June, the Ocean Resort Casino has failed to gain a foothold in the Atlantic City market. After struggling to keep up with competitors, the casino is now having an issue with construction w...

New York arbitration panel rules against the Seneca Nation of Indians

Adam Morgan

January 10, 2019

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Fines, Lawsuits & Litigation, New York

In New York, a three-member arbitration panel has reportedly ruled by a two-to-one margin that the casino-operating Seneca Nation of Indians must resume handing over one-quarter of its slot revenues to the stat...

Pollard Banknote Limited congratulates the Minnesota State Lottery

Adam Morgan

January 9, 2019

Latest Casino and Gambling News, Game manufacturers, Economy/Finance, Lottery, Mergers, Acquisitions & Partnerships, Minnesota

North American lottery products innovator, Pollard Banknote Limited, has congratulated the Minnesota State Lottery after the state-run lottery service notched up record annual sales for 2018 of $596.5 million. ...

Macau investors being warned to expect flat January gaming revenues

Adam Morgan

January 8, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Lower than anticipated takings from the over 30 casinos in Macau during the first week of 2019 has reportedly prompted brokerage firm, Sanford C Bernstein and Company, to forecast that January’s upcoming aggreg...

MGM 2020 initiative launched by MGM Resorts International

Adam Morgan

January 4, 2019

Latest Casino and Gambling News, U.S.A., Economy/Finance

After recently seeing the value of its shares hit a two-year low, global casino operator MGM Resorts International has announced the launch of a new strategy that it hopes will reduce costs and improve efficien...

American gaming industry sees annual stock values decline

Adam Morgan

January 2, 2019

Casino Sales, Latest Casino and Gambling News, Las Vegas, Game manufacturers, Economy/Finance, Macau

The past twelve months have reportedly seen the aggregated value of stocks in the majority of Las Vegas-based gaming firms decline by over 30% year-on-year as investors wrestled with fears of a looming recessio...

Danville leaders to consider supporting Virginia casino legislation

Adam Morgan

January 1, 2019

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Economy/Finance

In Virginia, the city council for the small community of Danville is reportedly set to vote on whether to pass a resolution in support of casino legislation currently making its way through the southern state’s...

Macau tax revenues swell thanks to gaming resurgence

Adam Morgan

December 31, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations for the first eleven months of 2018 rose by some 14.1% year-on-year to reach almost $12.13 b...

PAGCOR’s annual revenue to surpass US$1.8 billion

K Morrison

December 26, 2018

Latest Casino and Gambling News, Casino News, Economy/Finance, Philippines

Chairwoman and Chief Executive Officer of the Philippine Amusement and Gaming Corporation (PAGCOR), Andrea Domingo (pictured, right), has reportedly revealed that the government-owned body will end the year "wi...

Scientific Games Corporation agrees $151.5 million settlement

Adam Morgan

December 14, 2018

Latest Casino and Gambling News, Technology, Game manufacturers, Economy/Finance, Illinois, Fines, Lawsuits & Litigation

American lottery and gaming machines innovator, Scientific Games Corporation, has announced that it has agreed to pay $151.5 million in compensatory damages to Shuffle Tech International LLC and a trio of other...

Trading of shares in City of Dreams Manila operator suspended

Adam Morgan

December 12, 2018

Casino Sales, Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

Asian gaming and entertainments giant, Melco International Development Limited, has reportedly announced that the Philippine Stock Exchange has suspended the trading of shares in its Melco Resorts and Entertain...

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Wynn Macau Limited to hand out employee ‘winter bonus’

Atlantic City casino market records higher annual gaming revenues

American casino operators to face possible challenges in Macau

Annual figures published for Okada Manila

Problems pile up for Ocean Resort Casino in Atlantic City

New York arbitration panel rules against the Seneca Nation of Indians

Pollard Banknote Limited congratulates the Minnesota State Lottery

Macau investors being warned to expect flat January gaming revenues

MGM 2020 initiative launched by MGM Resorts International

Danville leaders to consider supporting Virginia casino legislation

Macau tax revenues swell thanks to gaming resurgence

PAGCOR’s annual revenue to surpass US$1.8 billion

Scientific Games Corporation agrees $151.5 million settlement

Trading of shares in City of Dreams Manila operator suspended

New York Governor backs sportsbetting for upstate casinos

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GIG Incorporated granted New Jersey affiliate vendor registration

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