Economy/Finance

Far East Consortium International Ltd. Receives Approval To Spin-Off And List Palasino Holdings

Marija Malenovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Czech Republic, European Casino News, Licenses, Asian Casino News, Mergers, Acquisitions & Partnerships, Licensing
Far East Consortium International Ltd. (FEC), a flagship global real estate developer based in Hong Kong, revealed that it has got validation from the Hong Kong Stock Exchange to continue with the spin-off of P...

New Jersey Supreme Court To Judge On Insurance Exclusions Related To COVID-19

Marija Malenovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey
The New Jersey Supreme Court is contemplating if Atlantic City Casino could receive business interruption insurance payments for losses that it suffered throughout the pandemic period, possibly offering guidanc...

Macau’s GGR For First 24 Days Of September At MOP12 Billion

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, New Hotels, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau
During the first 24 days of September this year, Macau’s gross gaming income (GGR) was calculated to be roughly MOP12 billion, which is approximately $1.49 billion, with MOP500 million, which is roughly $62.1 m...

Flutter Entertainment Acquires Controlling Stake In MaxBet To Enter the Attractive Serbian Market

Radosav Milutinovic
Serbia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, United Kingdom
Flutter Entertainment, a London Stock Exchange listed international sports betting and gambling company, has acquired a controlling stake in Serbia's second-largest sports betting and gaming operator, MaxBet! A...

Singapore Police Seized $1.8 Billion in the Anti-Money Laundering Blitz

Radosav Milutinovic
Turkey, Latest Casino and Gambling News, Casino Destinations, Cambodia, World Casino News, China, Gaming Industry News, Money Laundering, Economy/Finance, Cyprus, Dominican Republic, Online Gambling News, Crime, Philippines, Singapore, Switzerland
The biggest anti-money laundering case in Singapore has resulted in the seizure of assets worth almost S$2.4 billion ($1.76 billion) following the simultaneous raid of 400 police officers in the city that broug...

Gaming Commissioner Awaits More Details From MGM And Caesars On Cyberattack Issue

Radosav Milutinovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Hacking, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Crime, Nevada
Following the recent cyberattacks on MGM International and Caesars Entertainment Inc. and few details provided by the companies affected, Nevada Gaming Commissioner Brian Krolicki reportedly asked for details a...

Mohegan Unveils Its Prediction Regarding Possible Market Size Of Mohegan Inspire

Marija Malenovic
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, Tribal Gaming, New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Casino moguls, Connecticut, Asian Casino News, South Korea
As reported by Inside Asian Gaming, Mohegan Gaming and Entertainment, a Connecticut-based tribal gaming company operated by the Mohegan Tribe, reveals that it expects the possible market size for Mohegan Inspir...

Sweden Proposes Gambling Tax Increase To Generate Additional $50 Million In Tax Revenues

Radosav Milutinovic
Sweden, Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Taxation, Online Gambling News
Swedish government (Regeringen) has announced that the gambling tax rate in the country may increase from 18% to 22% of gross gaming revenue (GGR) since 1 July 2024. The proposal based on the belief that the ga...

North Carolina Lawmakers Exclude Three Casino Developments From The 2024 Budget

Radosav Milutinovic
Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, World Casino News, North America Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Online Gambling News, North Carolina
After Republicans in the North Carolina legislature drafted a bill to allow three casino developments in the state, a final budget will reportedly be passed without such a proposal. As reported by Associated Pr...

Wall Street Analyst Expects $200 Million Cyber Insurance Coverage for MGM Resorts

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, North America Casino News, Hacking, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Crime, Nevada
JMP Securities gaming analyst Jordan Bender reportedly estimates that the the losses recently incurred to MGM Resorts International by a September 11 cyberattack could be covered by a $200 million cyber insuran...

Macau’s Mass GGR To Reach Pre-Covid Levels During Upcoming October Golden Week

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
As reported by Inside Asian Gaming, gaming income across Macau is predicted to recuperate 100% over the coming holiday period, approaching the levels seen during the October Golden Week that took place in 2019....
acquisition

Better Collective Acquires Oldest Danish Sports Media Tipsbladet for €6.5 million

Vanja Mitic
Denmark, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships
Better Collective acquired the renowned Danish sports media Tipsbladet for 6.5 million EUR.  Media with the longest tradition: Tipsbladet established itself as the sports media with the longest tradition ...

Macau Banks Banned From Doing Business With Foreign Gaming Operators, AMCM’s Updated Industry Guidance Says

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Crime
As reported by Asia Gaming Brief, the Monetary Authority of Macao (AMCM), Macau's financial regulatory body, released "updated industry guidance on Anti-Money Laundering/Combating the Financing of Terrorism (AM...

US Commercial Casinos Collected Nearly $5.4 Billion From Punters In July; Most Significant Month Ever

Marija Malenovic
Washington D.C., U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases
As AP News reported, US commercial casinos experienced their greatest July ever in 2023, collecting almost $5.4 billion from punters, in compliance with numbers published Thursday, September 14, by the AGA's Co...