Economy/Finance | World Casino News

South Korean casino firms seeing light at the end of their coronavirus tunnels

April 7, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, South Korea

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for March decreased by 11.8% year-on-year to approximately $15.58 million. ...

United States commercial casino industry chalks up impressive start to 2022

Adam Morgan

April 6, 2022

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

As it continues to recover from the negative impacts of the coronavirus pandemic and the commercial casino industry in the United States reportedly just experienced its best-ever two-month start to a year. A...

Okada Manila premieres new ‘top-tier’ Perlas Club slot parlor

Adam Morgan

April 6, 2022

Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Economy/Finance, Philippines

In the Philippines and the giant Okada Manila development has reportedly debuted a new VIP gambling lounge offering a selection of some 200 slots as well as six gaming tables for roulette, blackjack and baccara...

Crown Resorts Limited potentially on the hook for Victoria fines

Adam Morgan

April 5, 2022

Latest Casino and Gambling News, Australia, Gaming Law & Legislation, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

In Australia and the new gambling regulator for the southern state of Victoria has reportedly launched disciplinary proceedings against Crown Resorts Limited that could result in the casino operator being hit w...

Sands China Limited remaining optimistic despite credit utilization

Adam Morgan

April 5, 2022

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

In Macau and the local Sands China Limited subsidiary of American casino operator Las Vegas Sands Corporation has reportedly announced that it has accessed $201 million from its various credit facilities for ‘g...

Scientific Games Corporation completes global lottery division sale

Adam Morgan

April 5, 2022

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

American land-based and iGaming behemoth Scientific Games Corporation has announced that it has successfully concluded the sale of its global lottery business to a subordinate of Canadian financial services gia...

Trio of Nepalese slot parlors ordered to close due to licensing fee failure

Adam Morgan

April 4, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Licenses, Nepal, Fines, Lawsuits & Litigation

The government for the small Asian nation of Nepal has reportedly revoked the licenses of three land-based gambling establishments after the trio refused to hand over a combined $7.3 million in outstanding fees...

Stanley Choi Chiu Fai resigns International Entertainment Corporation posts

Adam Morgan

April 4, 2022

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

Asian leisure enterprise International Entertainment Corporation has reportedly announced that billionaire businessman Stanley Choi Chiu Fai (pictured) has stepped down as its Chairman and Executive Director. ...

Attractive ratings for Scientific Games Corporation’s new Light & Wonder arm

Adam Morgan

April 4, 2022

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

American credit ratings agency Fitch Ratings Incorporated has announced its preliminary assignment of an inaugural ‘BB’ issuer default rating on the new Light & Wonder arm of Scientific Games Corporation. ...

Macau aggregated gross gaming revenues chalk up a disastrous March

Adam Morgan

April 1, 2022

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

The many casinos in Macau reportedly saw their aggregated gross gaming revenues for March drop by 55.8% year-on-year to a little over $454.9 million as China continued to enforce a range of coronavirus-related ...

Bally’s Corporation refutes Japanese integrated casino resort rumors

Adam Morgan

March 31, 2022

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

The Chairman for American land-based casino operator Bally’s Corporation has reportedly poured cold water on a rumor that his company will soon be launching a bid to bring a gambling-friendly development to the...

Class-action lawsuit brought against The Star Entertainment Group Limited

Adam Morgan

March 30, 2022

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

In Australia and The Star Entertainment Group Limited has reportedly been hit by a class-action lawsuit over claims the local casino operator had engaged in ‘misleading or deceptive conduct.’ According to a ...

Macau casino operators facing free cash flow to equity run rate crisis

Adam Morgan

March 30, 2022

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

Some of the largest casino operators in Macau may reportedly start running out of ready cash in as little as three months as China’s crackdown against the spread of coronavirus continues to limit travel to and ...

Station Casinos facing potentially costly ‘right to return’ lawsuit in Nevada

Adam Morgan

March 30, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Labor Relations, Fines, Lawsuits & Litigation, Nevada

In Nevada and the Station Casinos brand of prominent land-based casino operator Red Rock Resorts Incorporated is reportedly being sued over alleged breaches of the western state’s ‘right to return’ work law. ...

Pariplay Limited adds sportsbook functionality to its Fusion iGaming platform

Adam Morgan

March 30, 2022

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Gibraltar

Online casino content aggregator Pariplay Limited has announced that its Fusion iGaming platform now offers even more after integrating the sportsbetting solution from sister firm BtoBet. The Gibraltar-headq...

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South Korean casino firms seeing light at the end of their coronavirus tunnels

United States commercial casino industry chalks up impressive start to 2022

Okada Manila premieres new ‘top-tier’ Perlas Club slot parlor

Crown Resorts Limited potentially on the hook for Victoria fines

Sands China Limited remaining optimistic despite credit utilization

Scientific Games Corporation completes global lottery division sale

Trio of Nepalese slot parlors ordered to close due to licensing fee failure

Stanley Choi Chiu Fai resigns International Entertainment Corporation posts

Attractive ratings for Scientific Games Corporation’s new Light & Wonder arm

Macau aggregated gross gaming revenues chalk up a disastrous March

Bally’s Corporation refutes Japanese integrated casino resort rumors

Class-action lawsuit brought against The Star Entertainment Group Limited

Macau casino operators facing free cash flow to equity run rate crisis

Station Casinos facing potentially costly ‘right to return’ lawsuit in Nevada

Pariplay Limited adds sportsbook functionality to its Fusion iGaming platform

Wyoming Legislature Proposes Significant Tax Increases on Gambling Industries

FanDuel Explores Partnership with Kalshi to Enter the Prediction Market Space

Tabcorp Fined Over $4 Million for Spam Law Breaches in VIP Marketing Campaigns

Japan Cracks Down on Illegal Online Gambling by Blocking Access to Foreign Casinos

MGCB Takes Action Against Five Unlicensed Online Gambling Sites Exploiting Michigan Players