Economy/Finance | World Casino News

Oklahoma Governor declines to appeal federal gaming compact ruling

October 26, 2020

Latest Casino and Gambling News, Tribal Gaming, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Oklahoma

Oklahoma Governor Kevin Stitt (pictured) has reportedly announced that he will not be appealing a federal court ruling that his state’s tribal gaming compacts had automatically renewed at the end of last year a...

Macau legislator looking to discuss upcoming casino license tender

Adam Morgan

October 26, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

In Macau and a ranking member of the Legislative Assembly has reportedly announced that she would like to meet with the government so as to hear its intentions regarding the city’s upcoming casino license tende...

Miami monorail feasibility study permission for Genting Malaysia Berhad

Adam Morgan

October 26, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Florida, Mergers, Acquisitions & Partnerships

In the southern American state of Florida and casino operator Genting Malaysia Berhad has reportedly received official permission to launch a feasibility study into the possibility of connecting its envisioned ...

Delta Corp Limited buying significant stake in local shipbuilding firm

Adam Morgan

October 26, 2020

Latest Casino and Gambling News, Gaming Industry News, India, Economy/Finance, Mergers, Acquisitions & Partnerships

Indian gaming and hospitality firm, Delta Corp Limited has reportedly announced the signing of a deal that is to see its Delta Pleasure Cruise Company subsidiary pay around $2.33 million for a 45% stake in Wate...

Belle Corporation counting the cost of coronavirus lockdown

Adam Morgan

October 23, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Philippines

Philippines real estate and gaming firm Belle Corporation has reportedly announced that its net income for the first nine months of 2020 has fallen by 96.4% year-on-year to approximately $1.91 million owning to...

Lumbee Tribe of North Carolina receives Presidential support

Adam Morgan

October 23, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, North Carolina

In the United States and President Donald Trump (pictured) has reportedly thrown his considerable weight behind the long-running campaign to grant federal recognition to the Lumbee Tribe of North Carolina. A...

The Star Entertainment Group Limited defends executive bonus payments

Adam Morgan

October 23, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Labor Relations

In Australia and the boss for local casino operator The Star Entertainment Group Limited has reportedly been forced to defend his firm’s decision to pay out annual executive bonuses valued at about $997,000 at ...

Rank Group executive slams government’s latest coronavirus-related closures

Adam Morgan

October 22, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, United Kingdom

In the United Kingdom and a senior executive for land-based and online gaming operator Rank Group has criticized a government decision that is to see casinos and bingo halls temporarily closed across large trac...

China looks set to get tough on foreign casino solicitation

Adam Morgan

October 22, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, Gaming Industry News, Economy/Finance, The Players Lounge, Crime

In China and proposed federal legislation that would make it a crime for individuals or entities to encourage mainland citizens to gamble overseas reportedly includes a provision that could see guilty parties s...

Sheldon Adelson remaining upbeat on Macau and Las Vegas futures

Adam Morgan

October 22, 2020

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Macau, Singapore

The billionaire boss of American casino operator Las Vegas Sands Corporation has reportedly expressed optimism regarding the post-coronavirus futures of the gaming markets in Las Vegas and Macau. According t...

Expanded coverage for Caesars Rewards loyalty program

Adam Morgan

October 22, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, The Players Lounge, Mergers, Acquisitions & Partnerships

The Caesars Rewards loyalty program now covers a further 18 properties following July’s merger of American casino operators Caesars Entertainment Corporation with Eldorado Resorts Incorporated to create the new...

Codere becomes first to receive a Buenos Aires iGaming license

Adam Morgan

October 21, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Argentina, Online gambling regulation, New online casinos, Gaming Industry News, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing

Spanish online and land-based gaming heavyweight Codere has reportedly taken the first step in its plan to begin offering legal iGaming services to people in the Argentinian capital city of Buenos Aires. Acc...

William Hill posts encouraging third-quarter financial update

Adam Morgan

October 21, 2020

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom

British sportsbetting giant William Hill has released a trading update showing that its group-wide net revenues for the third quarter fell by 9% year-on-year despite a 4% rise in activity from its online busine...

American casino operators facing coronavirus-induced delays in South Korea

Adam Morgan

October 21, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

American casino operators Caesars Entertainment Incorporated and Mohegan Gaming and Entertainment are reportedly facing delays in securing enough financing to complete construction of ambitious gambling-friendl...

Emperor Entertainment Hotel Ltd expects net loss in Macau due to travel restrictions

Marie Kelley

October 21, 2020

Latest Casino and Gambling News, Economy/Finance, Macau

Emperor Entertainment Hotel Ltd is the operator of the Grand Emperor Hotel, a casino venue in Macau. The operator expects to see a net loss of around HKD160 million ($20.6 million) from April through September....