Economy/Finance

Penn Entertainment Incorporated to fully acquire Barstool Sports Incorporated

August 18, 2022

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

American casino operator Penn Entertainment Incorporated has reportedly inked a deal that is to see it pay approximately $387 million so as to fully acquire all of the outstanding shares of online sportsbetting...

American interests help Sportradar AG to record second-quarter growth

Adam Morgan

August 18, 2022

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, Sports betting, Switzerland

Sports data intelligence specialist Sportradar AG has released its second-quarter financial result showing that it experienced a bump of 23% year-on-year in its aggregated revenues to approximately $186 million...

New Jersey gambling revenues increase in July but casinos still struggle to reach pre-pandemic levels

Sadonna Price

August 18, 2022

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

The New Jersey Division of Gaming Enforcement (DGE) just released the revenue reports for gambling in the state for the month of July. Casinos, horse tracks, and online providers were able to earn over $480 mil...

Former Indiana casino executive sentenced to two-month federal prison term

Adam Morgan

August 18, 2022

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

In the American state of Indiana and a prominent former casino executive has reportedly been sentenced to serve two months in federal prison after being found guilty of running a scheme that illegally funneled ...

Entain hit with record-setting Gambling Commission fine

Adam Morgan

August 17, 2022

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Licensing, Fines, Lawsuits & Litigation, United Kingdom

Less than a week after hitting the online sportsbetting exchange at Smarkets.com with a six-figure fine and the United Kingdom’s Gambling Commission regulator has now reportedly ordered Entain to pay a penalty ...

Okada Manila ownership row headed to court in the Philippines

Adam Morgan

August 16, 2022

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

In the Philippines and the long-running battle to determine who has ultimate control over the 993-room Okada Manila facility is reportedly heading to court after owner Universal Entertainment Corporation announ...

Encore Boston Harbor records commanding July casino performance

Adam Morgan

August 16, 2022

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

The Encore Boston Harbor facility from American casino operator Wynn Resorts Limited is proving popular with Massachusetts gamblers after reportedly amassing a 66% market share for July and chalking up associat...

Double defeat for Arkansas anti-casino group’s referendum campaign

Adam Morgan

August 16, 2022

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

In the southern American state of Arkansas and a group that is lobbying against the move to bring a commercial casino to Pope County has reportedly been dealt a setback associated with its petition drive. Ac...

Widening second-quarter net loss for Sands China Limited

Adam Morgan

August 15, 2022

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

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has released its unaudited financial results for the first six months of the year showing a net loss...

Inspired Entertainment Incorporated proposing PlayAGS Incorporated buy

Adam Morgan

August 15, 2022

U.S.A., Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

Prominent casino games and systems developer Inspired Entertainment Incorporated has reportedly floated a deal that could see it purchase fellow American iGaming specialist PlayAGS Incorporated for roughly $370...

American Gaming Association hails commercial casino industry recovery

Adam Morgan

August 12, 2022

Latest Casino and Gambling News, Tribal Gaming, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting

In the United States and the American Gaming Association trade group has announced that the nation’s aggregated second-quarter commercial land-based and online gross gaming and sportsbetting revenues hit an all...

National Indian Gaming Commission announces record growth for gross gaming revenue in 2021

Sadonna Price

August 12, 2022

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

This week, the National Indian Gaming Commission (NIGC) announced the gross gaming revenue totals for Indian gaming facilities in the United States. The details were provided during the recent Oklahoma Indian G...

Retail sportsbetting green lights for a trio of Maryland entities

Adam Morgan

August 11, 2022

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

In the eastern American state of Maryland and a trio of facilities could reportedly launch retail sportsbetting from as soon as next week after having their applications approved by the Maryland Lottery and Gam...

Caesars Entertainment Incorporated increases Virginia casino budget

Adam Morgan

August 11, 2022

Virginia, Latest Casino and Gambling News, Tribal Gaming, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Sports betting, Mergers, Acquisitions & Partnerships

In the southern American state of Virginia and casino operator Caesars Entertainment Incorporated has reportedly upped the projected budget for its coming Caesars Virginia development by a further 30% to approx...

Paradise Company Limited experiences second-quarter revival

Adam Morgan

August 11, 2022

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

In South Korea and local casino operator Paradise Company Limited has reportedly announced that strong hotels sales linked with increasing domestic demand pushed its second-quarter profit up to approximately $1...