Economy/Finance | World Casino News

China calls on the Philippines to ‘ban all online gambling’

August 22, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, China, Technology, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Crime, Licensing, Philippines

Ahead of a planned meeting between the leaders of the two nations later this month and China has reportedly urged the Philippines to ‘ban all online gambling’ including those licensed operations that are being ...

Macau records quarterly drop in non-gaming visitor spend

Adam Morgan

August 22, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and the latest government-backed visitor expenditure survey has reportedly shown that aggregated tourist spend on non-gaming activities during the second quarter dropped by some 4.8% year-on-year to st...

Rhode Island Governor to be investigated over proposed IGT machine supply deal

Adam Morgan

August 22, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Game manufacturers, Economy/Finance, Lottery, Mergers, Acquisitions & Partnerships, Rhode Island

A group of Republican legislators in Rhode Island have reportedly announced that they have successfully lobbied for an official investigation to be conducted into the 20-year gaming machine supply deal Democrat...

Wareham Park proposal launched in southern Massachusetts

Adam Morgan

August 21, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Horse Racing, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Massachusetts

In Massachusetts and a consortium of property developers has reportedly launched an ambitious plan that could see a $300 million horseracing and entertainments venue built on a 275-acre parcel of land near the ...

Empire Resorts Incorporated offloading its remaining Resorts World Catskills stake

Adam Morgan

August 21, 2019

Casino Sales, Latest Casino and Gambling News, Horse Racing, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

In upstate New York and casino operator, Empire Resorts Incorporated, has reportedly agreed to sell its remaining stake in the loss-making Resorts World Catskills property to Genting Malaysia Berhad via the Mal...

Crown Resorts Limited annual financials hurt by drop in VIP revenues

Adam Morgan

August 21, 2019

Latest Casino and Gambling News, Australia, Economy/Finance

Australian casino operator, Crown Resorts Limited, has released its financial results for the twelve months to the end of June showing that its net profit for the period had decreased by 28.1% year-on-year to a...

MGM Springfield boss remaining optimistic despite disappointing financials

Adam Morgan

August 20, 2019

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

In Massachusetts and the boss for the $960 million MGM Springfield has reportedly asserted that the city-center property is headed in the right direction despite being on track to post disappointing first-year ...

Philippines gambling regulator stops accepting iGaming license applications

Adam Morgan

August 20, 2019

Latest Casino and Gambling News, Cambodia, Online gambling regulation, Economy/Finance, Licenses, Online Gambling News, Licensing, Philippines

The head of the nation’s gambling regulator in the Philippines has reportedly announced that the authority has stopped accepting license applications that give domestic iGaming firms the ability to offer their ...

Investigation determines that Illinois would benefit from airport slots

Adam Morgan

August 19, 2019

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

In Illinois and an official feasibility study has reportedly determined that the state could earn up to $18.5 million every year by bringing a complement of around 500 slots to O'Hare International Airport and ...

Resorts World Catskills parent considering voluntary bankruptcy move

Adam Morgan

August 19, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, New York

In upstate New York and the firm behind the 332-room Resorts World Catskills has reportedly declared that it is considering the possibility of entering voluntary bankruptcy in order to head off creditors. Ac...

Suncity Group to close Australian junket operations

Adam Morgan

August 19, 2019

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

Asian junket firm, Suncity Group, has reportedly decided to abandon the Australian casino market following allegations that its VIP operations in Melbourne and Sydney may have aided Chinese organized crime synd...

Developer offloading 50% stake in New York’s Del Lago Resort and Casino

Adam Morgan

August 19, 2019

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

Local New York firm, Wilmorite Properties Incorporated, has reportedly announced that it is selling its 50% stake in the Del Lago Resort and Casino to fellow property developer Peninsula Pacific LLC. Accordi...

Encore Boston Harbor easily leads Commonwealth; $49 million first-month haul more than double Springfield GGR

K Morrison

August 16, 2019

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Massachusetts

With first-week figures coming out last month and the gambling landscape on the East Coast becoming increasingly competitive, it's not surprising that Encore Boston Harbor, Wynn Resorts Ltd's glistening, new fi...

July win increases for casinos in Atlantic City along with year-to-date totals

Marie Kelley

August 15, 2019

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

The New Jersey Division of Gaming Enforcement has released the July revenue totals for casinos in Atlantic City, which shows the area not only saw an increase for the month, but also during the first seven mont...

Wynn Resorts Limited hoping to ease Macau hotel pressure

Adam Morgan

August 7, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Economy/Finance, Macau

Almost a month after unveiling the final designs for a planned $2 billion expansion of its Wynn Macau property and casino operator, Wynn Resorts Limited, has reportedly announced that it hopes this scheme will ...