Economy/Finance

MGM National Harbor inaugurates $48 million expansion

July 16, 2018

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Mergers, Acquisitions & Partnerships, Maryland

In Maryland, American casino operator, MGM Resorts International, reportedly inaugurated a $48 million expansion of its MGM National Harbor on Sunday that encompasses a larger poker room as well as 285 addition...

Proposed South African casino legislation draws Sun International concern

Adam Morgan

July 16, 2018

Latest Casino and Gambling News, Gaming Law & Legislation, South Africa, Casino News, Economy/Finance

One of the largest casino operators in South Africa has reportedly warned the government against passing new legislation that would allow licensed gambling venues in the nation’s Western Cape province to reloca...

VIP aggregated gross gaming revenues slow in Macau

Adam Morgan

July 16, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, second-quarter aggregated gross gaming revenues reportedly grew by 17.2% year-on-year to reach just over $9.11 billion although combined takings from VIP players increased by only 14.4% to hit $5.13 b...

Successful June for New Jersey sportsbetting industry

Adam Morgan

July 16, 2018

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, New Jersey

The newly-legalized sportsbetting industry in New Jersey reportedly generated some $16.4 million in wagers last month led by the performance of the sportsbook operation offered by the eastern state’s Monmouth P...

Grand Korea Leisure Company Limited records improved results

Adam Morgan

July 11, 2018

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator, Grand Korea Leisure Company Limited, has reportedly released its financial results for the first six months of 2018 showing a 4.1% increase year-on-year in gaming revenues to sligh...

New ICO launched by Ganapati Group

Marie Kelley

July 10, 2018

Latest Casino and Gambling News, Economy/Finance, Malta

The creation of an Initial Coin Offering (ICO), has been announced by the Ganapati Group. The company’s subsidiary, GanaEight Coin Ltd., located in Malta, created the new tokens, known as G8C or G Eight C, that...

PA iLottery earns $21.6m in first month

Marie Kelley

July 9, 2018

Latest Casino and Gambling News, Economy/Finance, Lottery, Pennsylvania

Beginning on June 4th, the PA iLottery has now been in operation for just over a full month. The Pennsylvania Lottery launched the online lottery gaming option last month and in a 27-day time frame, the new ind...

Maryland casinos post revenue increase in June

Marie Kelley

July 9, 2018

Latest Casino and Gambling News, Economy/Finance, Maryland

The six casinos operating in the state of Maryland had a successful June, with recent revenue figures showing an overall increase of 14.1% for the month, with each gaming venue increasing earnings for the secon...

Macau Legend Development Limited announces ‘special dividend’ payment

Adam Morgan

July 6, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

Asian casino operator, Macau Legend Development Limited, has reportedly declared that it will be paying shareholders a ‘special dividend’ worth some $63.88 million after earlier recording a 24.8% increase year-...

Sports betting doing well in Delaware

Marie Kelley

July 5, 2018

Latest Casino and Gambling News, Economy/Finance, Delaware, Sports betting

After becoming the first state in the US to offer legalized sports betting after the May ruling by the United States Supreme Court to strike down PASPA, Delaware is doing quite well with their new industry. The...

May Gaming Win Surpasses $1b Mark in Nevada

Marie Kelley

July 4, 2018

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Nevada

The gaming win reports are in for May in the state of Nevada, with just over $1b earned for the month, marking a 5.3% increase when comparing year-over-year totals. The $1.04 billion generated in May was the fo...

Delaware House of Representatives approves casino tax break measure

Adam Morgan

July 2, 2018

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

The three casinos in the small eastern state of Delaware could soon be paying less tax after lawmakers provisionally approved legislation late last week that would lower the overall duty on slot revenues by a f...

Macau’s aggregated gross gaming revenues recover for June

Adam Morgan

July 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

The over 30 casinos in Macau have reportedly recovered somewhat from a disappointing May to post a 12.5% increase year-on-year in aggregated gross gaming revenues for June to approximately $2.78 billion. Acc...

California tribe issuing bonds to finance envisioned casino resort

Adam Morgan

July 2, 2018

Latest Casino and Gambling News, Tribal Gaming, Casino News, California, Economy/Finance, Mergers, Acquisitions & Partnerships

In California, the Estom Yumeka Maidu tribe is reportedly due to issue some $440 million in collateral-backed bonds via its Enterprise Development Authority entity in order to finance the construction of a new ...

The Stars Group Incorporated raises $622 million to fund purchase

Adam Morgan

June 28, 2018

Latest Casino and Gambling News, Canada, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

In its quest to acquire British rival Sky Betting and Gaming from current owners, CVC Capital Partners and Sky, Canadian online casino operator, The Stars Group Incorporated, has announced that it has raised ap...

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MGM National Harbor inaugurates $48 million expansion

Proposed South African casino legislation draws Sun International concern

VIP aggregated gross gaming revenues slow in Macau

Successful June for New Jersey sportsbetting industry

Grand Korea Leisure Company Limited records improved results

New ICO launched by Ganapati Group

PA iLottery earns $21.6m in first month

Maryland casinos post revenue increase in June

Macau Legend Development Limited announces ‘special dividend’ payment

Sports betting doing well in Delaware

May Gaming Win Surpasses $1b Mark in Nevada

Delaware House of Representatives approves casino tax break measure

Macau’s aggregated gross gaming revenues recover for June

California tribe issuing bonds to finance envisioned casino resort

The Stars Group Incorporated raises $622 million to fund purchase

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Play’n Go’s Cats and Cash gets a meow-valous upgrade

Tabcorp agrees $51 million penalty to exit Sun Bets deal in the UK

Big One for One Drop win goes to Justin Bonomo

Global DFS Inc. adds Enjoybet and Betaland to its Italian DFS Network