Economy/Finance | World Casino News

MGM China to Report Solid 5% EBITDA Growth in Q4 2024, Outperforming Macau Industry

January 15, 2025

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Financial Press Releases

MGM China is forecast to report an adjusted EBITDA of approximately HK$2 billion (US$250 million) for the fourth quarter of 2024, marking a 5% increase compared to the previous quarter. This growth is in line w...

Detroit Casinos Close 2024 Strong with $1.29 Billion in Annual Revenue

Vanja Mitic

January 15, 2025

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Economy/Finance, Sports betting, Fantasy Sports, Financial Press Releases, Michigan

The three commercial casinos in Detroit, Michigan, collectively reported a remarkable $1.29 billion in total revenue for the year 2024, marking a solid recovery in the aftermath of the disruptions caused by the...

Delta Corp Faces Decline Amid Challenging Quarter

Vanja Mitic

January 14, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, India, Economy/Finance, Online Gambling News, Financial Press Releases

Shares of Delta Corp, India’s prominent casino and online gaming operator, fell more than 3 percent on January 14, 2025, closing at Rs 106, following the company’s disappointing financial results for the third ...

Chicago’s Casino Gamble Faces Challenging Start; Hopes Rest on Permanent Facility

Vanja Mitic

January 12, 2025

Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino project updates, Economy/Finance, Illinois, Financial Press Releases

Chicago’s ambitious attempt to ease its financial struggles through a casino has not yielded the expected results, according to a recent City Council report. The temporary casino at River North’s Medinah Temple...

Melco Eyes Thai Casino Market with Bangkok Expansion

Johnny K.

January 11, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Thailand

Macau-based casino operator Melco Resorts & Entertainment has taken significant steps toward entering Thailand’s entertainment and gaming sector. The company has established a new office in Bangkok as it ex...

Coney Island Casino Proposal Promises $200 Million Community Trust Fund

Vanja Mitic

January 10, 2025

Casino Destinations, Casino proposals, Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Casino project updates, Economy/Finance, New York

The Coney, a proposed casino in Brooklyn’s Coney Island neighborhood in New York, has stirred significant attention, with developers announcing plans to establish a $200 million community trust fund if their ga...

Belle Corp Pursues Clark Casino Expansion Amid Challenges

Johnny K.

January 10, 2025

Latest Casino and Gambling News, Casino proposals, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines

Belle Corporation, a prominent player in the Philippine gaming and real estate sectors, has reaffirmed its commitment to long-term growth by prioritizing its application for a gaming license in Clark, Pampanga....

Greentube Alderney Hit with £1 Million Fine by UKGC for AML and Social Responsibility Failures

Vanja Mitic

January 9, 2025

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom

The UK Gambling Commission (UKGC) has imposed a £1 million fine on Greentube Alderney, which operates the Admiral Casino brand, after the company was found to have failed repeatedly in its obligations to adhere...

France Weighs Online Casino Legalization to Address Illegal Market

Vanja Mitic

January 9, 2025

Casino News, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, France, Online Gambling News

The French government is intensifying discussions about legalizing online casinos, a significant policy shift aimed at curbing the massive illegal market. France and Cyprus remain the only European Union member...

Cambodia’s Casino Tax Revenue Jumps 85% in 2024 to $63.1 Million

Vanja Mitic

January 9, 2025

Cambodia, Latest Casino and Gambling News, World Casino News, Economy/Finance, Taxation, Taxes, Financial Press Releases

Cambodia experienced an impressive boost in tax revenue from casinos and game-of-chance operators in 2024, collecting $63.1 million, an 85% rise compared to the previous year. This substantial increase, reporte...

Tipico Group Expands into Austria with Admiral Acquisition

Johnny K.

January 9, 2025

Austria, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Mergers, Acquisitions & Partnerships

NOVOMATIC AG, a global leader in gaming technology, has agreed to sell its 100% stake in ATLAS Group GmbH, the parent company of Admiral Austria, to Tipico Group. The deal, which remains subject to regulatory a...

Flutter Adjusts US Revenue Projections After NFL Betting Trends

Johnny K.

January 8, 2025

Latest Casino and Gambling News, NFL, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Fantasy Sports, Financial Press Releases

Flutter Entertainment, a global leader in sports betting and iGaming, has revised its US earnings expectations for 2024. The company attributes this adjustment to unprecedented outcomes in the NFL season, where...

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Vanja Mitic

January 8, 2025

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casinos of the Philippines, Casino closures, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The Clark Development Corporation (CDC) has issued a cease-and-desist order against Fontana Development Corporation (FDC) and Fontana Resort and Country Club Inc. (FRCCI), halting all operations of the Fontana ...

US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue

Vanja Mitic

January 8, 2025

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mobile gaming, Horse Racing, Online Gambling News, Financial Press Releases

For the third consecutive year, wagering on US horse racing has declined, with a total handle of $11.26 billion in 2024, representing a 3.35% drop from the previous year’s $11.65 billion. December marked the la...

Las Vegas Tourism Shows Mixed November Trends as Formula One Impact Wanes

Vanja Mitic

January 5, 2025

Latest Casino and Gambling News, Las Vegas, Casino Destinations, Gaming Industry News, Economy/Finance, Nevada

Las Vegas tourism in November 2024 reflected mixed outcomes, with overall visitation slightly increasing but many other key metrics declining. According to the Las Vegas Convention and Visitors Authority (LVCVA...

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MGM China to Report Solid 5% EBITDA Growth in Q4 2024, Outperforming Macau Industry

Detroit Casinos Close 2024 Strong with $1.29 Billion in Annual Revenue

Delta Corp Faces Decline Amid Challenging Quarter

Chicago’s Casino Gamble Faces Challenging Start; Hopes Rest on Permanent Facility

Melco Eyes Thai Casino Market with Bangkok Expansion

Coney Island Casino Proposal Promises $200 Million Community Trust Fund

Belle Corp Pursues Clark Casino Expansion Amid Challenges

France Weighs Online Casino Legalization to Address Illegal Market

Cambodia’s Casino Tax Revenue Jumps 85% in 2024 to $63.1 Million

Tipico Group Expands into Austria with Admiral Acquisition

Flutter Adjusts US Revenue Projections After NFL Betting Trends

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

US Horse Racing Wagering Falls for Third Year as Industry Faces Declining Participation and Revenue

Las Vegas Tourism Shows Mixed November Trends as Formula One Impact Wanes

Florida’s Gambling Overhaul Bill Moves Forward, Drawing Fire from Veterans and Racing Industry

Macau’s Mass Market Gaming Dominates 1Q25, But Revenue Growth Slows

Booming Games Brings Classic Springtime Cheer in Easter Classics Online Slot

Saks Fifth Avenue Drops Plans for Midtown Casino

Aristocrat Nears $1B Acquisition of Interblock to Enter ETG Market