Economy/Finance | World Casino News

Asia Pioneer Entertainment Limited expecting to chalk up a 2021 slump

March 21, 2022

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

In Macau and electronic gaming machines heavyweight Asia Pioneer Entertainment Limited has reportedly announced that it soon expects to announce a decline of over 80% year-on-year in its aggregated 2021 revenue...

The Star Entertainment Group Limited probe hears disturbing evidence

Adam Morgan

March 18, 2022

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

In Australia and the value of shares in local casino operator The Star Entertainment Group Limited reportedly dropped to a 17-month low yesterday following news that the firm may have hid gambling transactions ...

MGM Resorts International staying keen on Osaka integrated casino resort

Adam Morgan

March 18, 2022

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

The boss for the MGM Resorts Japan arm of American casino operator MGM Resorts International has reportedly announced that his company remains committed to bringing a large Las Vegas-style gambling development ...

Net debt of Macau casino operators has quadrupled since 2019

Adam Morgan

March 17, 2022

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

The combined net debt of the six licensed casino operators in Macau has reportedly quadrupled since the start of the coronavirus pandemic in late-2019 to currently stand at more than $20 billion. According t...

Macau casino operators not set to face increase in tax rates

Adam Morgan

March 17, 2022

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

The six licensed land-based casino operators in Macau are to reportedly not be asked to pay any more tax under the provisions of the draft gaming bill currently being considered by legislators. According to ...

Kentucky sportsbetting legalization measure clears committee

Adam Morgan

March 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Online Poker, Economy/Finance, Poker, Illegal Bookmaking, Horse Racing, Sports betting, Fantasy Sports, Crime, Kentucky

In the southern American state of Kentucky and a proposed measure that would legalize sportsbetting has reportedly cleared an influential legislative committee despite considerable antagonism from opponents of ...

El Cortez Hotel and Casino transitioning to become a 21-and-over property

Adam Morgan

March 17, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Las Vegas, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance

In downtown Las Vegas and the El Cortez Hotel and Casino has reportedly announced that it is to soon begin transitioning into a property that will only be accessible to patrons over the age of 21. According ...

Atlantic City casino February revenue totals increase as post-COVID recovery continues

Sadonna Price

March 17, 2022

Latest Casino and Gambling News, Economy/Finance, New Jersey

The New Jersey Division of Gaming Enforcement has released the February revenue figures for the Atlantic City casino industry. For in-person gaming, the totals are up 43% when compared to the same month in 2021...

Prominent industry trio detail coming Ontario iGaming intent

Adam Morgan

March 16, 2022

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Ontario, The Players Lounge, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing

American online casino operator Rush Street Interactive Incorporated has announced that it is planning to launch into the Canadian province of Ontario from early next month after being registered by the jurisdi...

Macau’s draft gaming bill to potentially include communications directive

Adam Morgan

March 16, 2022

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

In Macau and a prominent legislator has reportedly declared that the city’s six casino operators could soon be fined up to $620,000 for failing to keep local officials up to speed with any ‘major financial deci...

Japanese government remaining committed to casino liberalization

Adam Morgan

March 16, 2022

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

The Prime Minister for Japan has reportedly reaffirmed his government’s commitment towards premiering a liberalized land-based casino market in order to help the Asian nation improve its economy via an increase...

New Jersey set to sue over quashed Atlantic City casino PILOT deal

Adam Morgan

March 15, 2022

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

The state of New Jersey is reportedly soon expected to officially appeal a February 25 court ruling that invalidated its amended payment in lieu of tax (PILOT) arrangement with the nine casinos in Atlantic City...

Disappointing weekend for Macau casino operators

Adam Morgan

March 15, 2022

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

For the second consecutive weekend and the aggregated value of shares in the six-strong club of licensed Macau casino operators has reportedly dropped significantly owing to a number of factors including the on...

New York threatening Seneca Nation of Indians over revenue-sharing hold-up

Adam Morgan

March 14, 2022

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

The eastern American state of New York has reportedly told the casino-operating Seneca Nation of Indians that it could soon face ‘enforcement and collection efforts’ tied to the pair’s long-running dispute over...

AGA forecasting record ‘March Madness’ sportsbetting handle

Adam Morgan

March 14, 2022

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

In the United States and the American Gaming Association (AGA) trade group has announced that this year’s edition of the NCAA Division I Men's Basketball Tournament could attract a combined all-time high of som...

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Asia Pioneer Entertainment Limited expecting to chalk up a 2021 slump

The Star Entertainment Group Limited probe hears disturbing evidence

MGM Resorts International staying keen on Osaka integrated casino resort

Net debt of Macau casino operators has quadrupled since 2019

Macau casino operators not set to face increase in tax rates

Kentucky sportsbetting legalization measure clears committee

El Cortez Hotel and Casino transitioning to become a 21-and-over property

Atlantic City casino February revenue totals increase as post-COVID recovery continues

Prominent industry trio detail coming Ontario iGaming intent

Macau’s draft gaming bill to potentially include communications directive

Japanese government remaining committed to casino liberalization

New Jersey set to sue over quashed Atlantic City casino PILOT deal

AGA forecasting record ‘March Madness’ sportsbetting handle

Investor Sues Former SkyCity Leaders Over Anti-Money Laundering Failures

UKGC Fines Fafabet Operator Over Unfair Terms and AML Breaches

Star Brisbane Staff Walk Out Over Pay and Penalty Rate Dispute

Thailand to Withdraw Casino Bill Amid Political Shake-Up

Star Entertainment Risks $36.5M as Queen’s Wharf Sale Talks Drag On