Economy/Finance

FanDuel Incorporated reverses New Jersey non-payment decision

September 22, 2018

Latest Casino and Gambling News, NFL, Economy/Finance, The Players Lounge, Sports betting, New Jersey

After earlier refusing to pay out on twelve bets it declared had been placed during an 18-second computer glitch on Sunday, New Jersey sportbook operator FanDuel Incorporated has now reportedly relented by anno...

MGM Resorts International taking over Hard Rock Rocksino Northfield Park

Adam Morgan

September 21, 2018

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

American casino operator, MGM Resorts International, has announced that it has entered into an agreement that is set to see it spend approximately $275 million in order to acquire all of the operating assets as...

China posts substantial increase in lottery sales for July

Adam Morgan

September 21, 2018

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

In China, a sharp rise in the sale of tickets into the China Sports Lottery reportedly helped overall lottery revenues for July increase by some 61.9% year-on-year to reach $7.99 billion. Benefits from footb...

Economic importance of American gaming sector revealed in new study

Adam Morgan

September 20, 2018

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

The American Gaming Association trade body has published new research showing that the gaming industry supports nearly 1.8 million jobs across the United States while contributing some $261 billion annually to ...

Tiger Resort Leisure and Entertainment Incorporated launching Japan office

Adam Morgan

September 19, 2018

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

In hopes of securing one of the three integrated casino resort licenses that will soon be up for grabs in Japan, operator, Tiger Resort Leisure and Entertainment Incorporated, has announced that it will be esta...

MGM Springfield opening proves popular in August

Adam Morgan

September 18, 2018

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

In Massachusetts, the new MGM Springfield integrated casino resort reportedly generated gross gaming revenues of just over $9.45 million during its first eight days in business and paid some $2.36 million in ta...

Melco International Development Limited de-listing Philippines subsidiary

Adam Morgan

September 17, 2018

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

Asian gaming and entertainments giant, Melco International Development Limited, has reportedly filed a formal request to have its Melco Resorts and Entertainment (Philippines) Corporation subordinate de-listed ...

Online sports betting helps New Jersey see massive increase in August revenues

Marie Kelley

September 13, 2018

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

Sportsbooks in the state of New Jersey have been joined by online offerings as of late, which has helped the overall industry to see a huge increase in wagers and gross revenues for the month of August. Accordi...

Rivers Casino in NY reports best month ever

K Morrison

September 10, 2018

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

In August, Rivers Casino & Resort saw its best revenue month ever since its February 2017 opening, having reported $14,412,387 million in gross gaming revenue on $132.7 million gambled, according to the New...

Ohio casinos see increase in August revenues

Marie Kelley

September 10, 2018

Latest Casino and Gambling News, Economy/Finance, Ohio

The four stand-alone casinos of Ohio have seen a nice uptick in revenues for the month of August, as the Ohio Casino Control Commission has released the latest revenue reports. For the month, revenues statewide...

Foreign investors may lose out on Las Vegas investment

Adam Morgan

September 10, 2018

Casino Sales, Latest Casino and Gambling News, Las Vegas, Casino News, Casino closures, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

In Nevada, some 178 foreign investors who each stumped up approximately $550,000 to help bring The Lucky Dragon Hotel and Casino to the north end of the Las Vegas Strip could reportedly be set to lose the entir...

Jack Entertainment founder eyeing possible casino exit

Adam Morgan

September 8, 2018

Casino Sales, Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Michigan, Oklahoma

The billionaire businessman behind American casino operator Jack Entertainment is reportedly considering an exit from the business with giant rival Caesars Entertainment Corporation said to be among the list of...

Widus Hotel and Casino Clark to premiere third hotel next week

Adam Morgan

September 8, 2018

Casino Sales, Latest Casino and Gambling News, Casino News, New Hotels, Economy/Finance, Philippines

In the Philippines, the firm behind the Widus Hotel and Casino Clark has reportedly declared that the Luzon venue will be opening a new 15-story and 260-room hotel from next week due to be branded as the Clark ...

Another temporary stock suspension for Silver Heritage Group Limited

Adam Morgan

September 5, 2018

Latest Casino and Gambling News, Casino proposals, Economy/Finance, Nepal

Only a week after announcing that it had secured a parcel of land for the purposes of building its third casino in Nepal and Silver Heritage Group Limited has now reportedly been granted a temporary suspension ...

Disappointing August for Paradise Company Limited

Adam Morgan

September 4, 2018

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

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for August showing that it had experienced a 2% decline year-on-year in aggregated revenues to around $46.1 ...

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FanDuel Incorporated reverses New Jersey non-payment decision

MGM Resorts International taking over Hard Rock Rocksino Northfield Park

China posts substantial increase in lottery sales for July

Economic importance of American gaming sector revealed in new study

Tiger Resort Leisure and Entertainment Incorporated launching Japan office

MGM Springfield opening proves popular in August

Melco International Development Limited de-listing Philippines subsidiary

Online sports betting helps New Jersey see massive increase in August revenues

Rivers Casino in NY reports best month ever

Ohio casinos see increase in August revenues

Foreign investors may lose out on Las Vegas investment

Jack Entertainment founder eyeing possible casino exit

Widus Hotel and Casino Clark to premiere third hotel next week

Another temporary stock suspension for Silver Heritage Group Limited

Disappointing August for Paradise Company Limited

FanDuel Incorporated reverses New Jersey non-payment decision

Pay N Play being utilized by Gaming Innovation Group Incorporated

Golden Entertainment division expands with local acquisition

MGM Resorts International taking over Hard Rock Rocksino Northfield Park

Oryx Gaming inks ‘momentous’ GVC Holdings partnership