Economy/Finance | World Casino News

Udenna Corporation to double-down on Philippines casino resort plan

May 24, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines, local trading and shipping firm Udenna Corporation has reportedly announced that it is to make a second run at raising enough cash to build a new $600 million integrated casino resort on the...

Disappointing April for Chinese lottery sales

Adam Morgan

May 23, 2019

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

In China, last month reportedly saw aggregated lottery product sales decrease by some 13.7% year-on-year to approximately ¥35.99 billion ($5.21 billion) with comparative figures improving in only two of the gia...

New South Wales’ electronic gaming machine market see rise

Adam Morgan

May 23, 2019

Latest Casino and Gambling News, Australia, Economy/Finance, Taxation

The government for New South Wales has published official figures showing that the final six months of 2018 had seen electronic gaming machines in the Australian state record an almost 2.3% rise year-on-year in...

Low unemployment rate to impact Japanese casino license winners

Adam Morgan

May 20, 2019

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Japan, Licenses

Foreign gaming firms that win the three integrated casino resort licenses being put up for grabs in Japan could face problems in hiring the thousands of employees such venues would require due to the nation cur...

First-quarter results highlight the importance of Entertainment City

Adam Morgan

May 17, 2019

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

The gaming industry in the Philippines reportedly recorded aggregated first-quarter gross gaming revenues of just over $1.1 billion with the majority of this at around $756 million having come from the three La...

Imperial Palace Saipan development secures $500 million loan

Adam Morgan

May 16, 2019

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Saipan, Mergers, Acquisitions & Partnerships

In the Commonwealth of the Northern Mariana Islands, Imperial Pacific International Holdings Limited has reportedly announced that it has secured a large loan to help it complete construction on the first stage...

iGaming helps Atlantic City casino market to record a successful April

Adam Morgan

May 15, 2019

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Sports betting, New Jersey

The nine-casino market in Atlantic City reportedly had a very good April after chalking up a 23.8% rise year-on-year in aggregated gross gaming revenues to $265.4 million inclusive of a 58.9% overall increase i...

Seminole Tribe of Florida stops making revenue sharing payments

Adam Morgan

May 15, 2019

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

The Seminole Tribe of Florida has reportedly told legislators in Tallahassee that it is to cease making its monthly revenue sharing payments until the state officially settles a long-running dispute concerning ...

Philippines casino market predicted to outpace competition

Adam Morgan

May 14, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

New research from financial services firm Morgan Stanley Asia Limited has reportedly determined that the casino market in the Philippines is ‘growing faster’ than the analogous sectors of Macau, Las Vegas and S...

MGM Resorts International subsidiary to submit official Osaka casino proposal

Adam Morgan

May 14, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

The boss for the Japanese subsidiary of giant American casino operator, MGM Resorts International, has reportedly revealed that his firm will be submitting an official proposal in hopes of winning the right to ...

Rodrigo Duterte changes stance on some forms of illegal gambling

Adam Morgan

May 13, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Economy/Finance, Unlicensed Operation, Licenses, Online Gambling News, Crime, Philippines

Philippines President, Rodrigo Duterte (pictured), has reportedly conceded something of a defeat in his long-running campaign against illegal gambling by revealing that he can now only encourage people not to e...

Melco Resorts and Entertainment Limited initiates job reduction scheme

Adam Morgan

May 13, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Employment & Careers, Macau

In an attempt to help shield itself from an anticipated drop-off in Macau’s future VIP gaming market, Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly initiated a scheme that is of...

Controversial amendments added to proposed Illinois sportsbetting legislation

Adam Morgan

May 11, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Economy/Finance, Licenses, Online Gambling News, Sports betting, Illinois, Licensing

In Illinois, two amendments were reportedly added to the state’s proposed sportsbetting legalization measure earlier this week that could eventually require some licensed operators to pay a tax rate of up to 25...

Donaco International Limited co-founder wins action against hungry investor

Adam Morgan

May 8, 2019

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

The co-founder of Asian casino operator, Donaco International Limited, has reportedly succeeded in an effort to stop regional investments firm Orchard Capital Partners from acquiring an even greater stake in hi...

Treasure Island Las Vegas owner keen on acquiring more properties

Adam Morgan

May 6, 2019

Casino Sales, Latest Casino and Gambling News, Las Vegas, Casino News, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

The billionaire owner of the Treasure Island Las Vegas integrated casino resort has reportedly declared that he would be interested in buying any Las Vegas Strip property Caesars Entertainment Corporation may c...