Economy/Finance

Digital yuan adoption forecast to benefit Macau’s casino industry

May 20, 2022

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

Global investments research firm Sanford C Bernstein Limited has reportedly predicted that China could begin relaxing some of its controls on the movement of cash into Macau if the enclave was to adopt the digi...

Global lottery market forecast to be worth over $450 billion by 2027

Adam Morgan

May 19, 2022

Online gaming software, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Online Gambling News

Indian market research firm Valuates Reports has forecast that the global lottery market could be worth up to $450.46 billion by the end of 2027 due to the growing prevalence of online games and the increased s...

Bloomberry Resorts Corporation unveils Paniman casino resort intention

Adam Morgan

May 19, 2022

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and casino operator Bloomberry Resorts Corporation has reportedly announced that it is planning to bring a new gambling-friendly resort to a 691-acre plot of land located some 37 miles south ...

New South Wales gaming regulator calling for higher iGaming fines

Adam Morgan

May 18, 2022

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

In Australia and the gaming regulator for the state of New South Wales has reportedly called on the government to begin slapping online sportsbetting firms with higher penalties for repeatedly breaking its rule...

MGM Resorts International completes The Cosmopolitan of Las Vegas takeover

Adam Morgan

May 18, 2022

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

American casino operator MGM Resorts International has announced that it is now running the prestigious The Cosmopolitan of Las Vegas property following the completion of an around $1.62 billion deal with The B...

Pennsylvania chalks up impressive April sportsbetting performance

Adam Morgan

May 18, 2022

NBA, NCAA, NHL, Latest Casino and Gambling News, NFL, MLB, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxes, Pennsylvania

Online and retail sportsbooks in the eastern American state of Pennsylvania reportedly recorded a boost of over 19% year-on-year in aggregated handle for April to slightly beyond $572.1 million despite a reduct...

Macau gross gaming revenues may suffer amid China visa crackdown

Adam Morgan

May 18, 2022

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

Global investment bank Credit Suisse Group AG has reportedly warned that Macau could see its aggregated gross gaming revenues crash by as much as 20% this year owing to China’s burgeoning crackdown on granting ...

888 Holdings shareholders solidly approve William Hill takeover proposition

Adam Morgan

May 17, 2022

Latvia, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom

Shareholders in prominent online casino and sportsbook operator 888 Holdings reportedly overwhelmingly approved the deal yesterday that is to see the company acquire the non-American assets of British rival Wil...

Macau casino operating pair found accountable for junket player deposits

Adam Morgan

May 17, 2022

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

The ultimate appellate court for Macau has reportedly found local casino operators MGM China Holdings Limited and Wynn Macau Limited ‘jointly and severally liable’ for nine junket-related deposits. According...

Welcome recovery for Sega Sammy Holdings Incorporated

Adam Morgan

May 17, 2022

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

In Japan and gaming conglomerate Sega Sammy Holdings Incorporated has reportedly released its financial results for the twelve months to the end of March showing that its net sales had increased by 15.6% year-o...

Proposed alterations for Macau’s under-consideration draft gaming bill

Adam Morgan

May 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

In Macau and legislators are reportedly preparing to chuck out a provision within the under-consideration draft gaming bill that would prevent anyone with more than a 5% shareholding in a local casino operator ...

Asian Racing Federation examination highlights illicit iGaming growth

Adam Morgan

May 16, 2022

Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Unlicensed Operation, Online Gambling News, Asian Casino News, Sports betting, Crime, Licensing

As part of a new probe into the global iGaming industry and the Asian Racing Federation has reportedly announced that it believes up to 61% of online gambling domains are effectively operating illegally with ju...

Macau casino operators would benefit from a rumored tax cut proposal

Adam Morgan

May 16, 2022

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

American investment bank JPMorgan Chase and Company has reportedly forecast that the over 40 casinos in Macau could boost their earnings by up to 15% a year should the local government decide to decrease the ra...

Universal Entertainment Corporation returns to profit as Okada Manila sales surge

Adam Morgan

May 16, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Japan

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation has reportedly released its first-quarter financial results showing that its net income had swelled by over 260% year-on...

Bragg Gaming Group content studio Wild Streak Gaming expands long-standing collaboration with IGT

K Morrison

May 13, 2022

Online gaming software, Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Game manufacturers, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Financial Press Releases, Philippines

Bragg Gaming Group's (NASDAQ: BRAG) Las Vegas-based content studio Wild Streak Gaming has agreed to develop four exclusive new land-based slot titles for British gambling company International Game Technology (...