Economy/Finance | World Casino News

The Star Entertainment Group Limited eyeing Crown Resorts Limited merger

May 10, 2021

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

In Australia and The Star Entertainment Group Limited has reportedly floated a non-binding proposal that could see it merge with rival casino operator Crown Resorts Limited to create an entity that would run se...

California tribe expecting to break ground on new casino resort next month

Adam Morgan

May 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, U.S.A., Casino News, New Hotels, Gaming Industry News, Casino project updates, California, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In the western American state of California and the North Fork Rancheria of Mono Indians has reportedly announced that it expects to break ground on its new tribal casino resort before the end of next month. ...

Cipriani SA asks for more time to finish envisioned Uruguay casino resort

Adam Morgan

May 10, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Uruguay

In Uruguay and luxury hospitality firm Cipriani SA has reportedly asked the local government for more time to complete work on its envisioned Cipriani Ocean Resort, Club Residences and Casino development. Ac...

Proposed takeover of Codere SA hit by hefty compensation claim

Adam Morgan

May 7, 2021

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Spain

In Spain and the founding family behind local gaming operator Codere SA is reportedly demanding that a pair of American investors be required to pay at least €900 million ($1.09 billion) for its large stake in ...

Golden Weeks pushes Macau back to within 50% of pre-COVID-19 revenue levels

Sadonna Price

May 7, 2021

Latest Casino and Gambling News, Economy/Finance, Macau

The recovery process continues in Macau as gaming operators have recorded their best week since the early days in 2020 during Golden Week this month. Gross gaming revenues came in at around 50% of the levels th...

Apollo Global Management Incorporated lodges Tabcorp Holdings Limited bid

Adam Morgan

May 7, 2021

Latest Casino and Gambling News, U.S.A., Australia, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

American private equity behemoth Apollo Global Management Incorporated has reportedly joined the race to buy the wagering and media business of Australian bookmaker Tabcorp Holdings Limited after lodging an off...

Industry stakeholders discuss United States’ sportsbetting excise tax

Adam Morgan

May 6, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation

In the United States and several prominent industry figures recently participated in a special webinar in which the nation’s current federal sportsbetting excise tax was discussed at length. According to a M...

The Star Entertainment Group Limited heralding post-coronavirus recovery

Adam Morgan

May 6, 2021

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

In Australia and local casino operator The Star Entertainment Group Limited has released a trading update covering the first five months of 2021 and showing that its domestic gaming revenues had improved by abo...

Genius Sports Group Limited buying free-play games innovator

Adam Morgan

May 5, 2021

MLS, Latest Casino and Gambling News, Australia, NFL, MLB, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom

British digital sports content, technology and integrity services provider Genius Sports Group Limited has announced the signing of a deal that is to see it purchase Australian free-play games innovator FanHub ...

Grand Lisboa Palace expecting to ‘soft launch’ in Macau before the end of June

Adam Morgan

May 5, 2021

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it expects to ‘soft launch’ its new Grand Lisboa Palace property before the end of June in advance of conducting a full thir...

EGBA warns German legislators against 5.3% tax on online poker and slot stakes

Adam Morgan

May 5, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Online Poker, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Germany, Taxes

The European Gaming and Betting Association (EGBA) yesterday issued a statement in which it warned officials in Germany against implementing a proposed 5.3% federal tax on all online poker and slot stakes. T...

Two more Manila integrated casino resorts granted PIGO iGaming licenses

Adam Morgan

May 4, 2021

Online gaming software, Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Philippines

In the Philippines and the giant Resorts World Manila and Solaire Resort and Casino properties have reportedly followed their neighboring Okada Manila venue in being officially licensed to offer online gaming t...

Palms Casino Resort being sold to the San Manuel Band of Mission Indians

Adam Morgan

May 4, 2021

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

In Las Vegas and Red Rock Resorts Incorporated has reportedly agreed to sell its Palms Casino Resort property to the San Manuel Gaming and Hospitality Authority arm of the federally-recognized San Manuel Band o...

The Action Network acquisition for Better Collective A/S

Adam Morgan

May 4, 2021

NBA, Online gaming software, Latest Casino and Gambling News, U.S.A., NFL, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports

Danish sportsbetting analytics firm Better Collective A/S has announced the signing of a deal valued at around $240 million that is to see it buy prominent American sports wagering evaluation and media platform...

Catena Media looking to grow its United States presence via Lineups.com buy

Adam Morgan

May 4, 2021

NHL, Online gaming software, Latest Casino and Gambling News, U.S.A., NFL, MLB, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports

Online performance marketing firm Catena Media has announced the completion of an all-cash arrangement that has seen it purchase the real-time sports data website at Lineups.com for $39.6 million. The Maltes...