Economy/Finance | World Casino News

Philippines initiates new tax regime for POGO license holders

September 23, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Philippines

In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed legislation into law to institute a new tax regime for those firms holding a Philippine Offshore Gaming Operator (POGO) license....

Apollo Global Management Incorporated completes Canadian acquisition

Adam Morgan

September 23, 2021

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

American alternative investments firm Apollo Global Management Incorporated has announced that it has completed its previously-disclosed acquisition of land-based casino operator Great Canadian Gaming Corporati...

Macau casino and junket firms seek clarity on future regulatory landscape

Adam Morgan

September 22, 2021

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

In Macau and representatives from some of the city’s junket firms reportedly joined casino executives at a meeting on Monday in hopes of getting more details on proposed regulatory changes. According to a Tu...

SJM Holdings Limited forecasts ten-year term for future Macau casino licenses

Adam Morgan

September 22, 2021

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

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it believes the city’s upcoming tendering process will most probably see successful candidates awarded with new ten-year lic...

DraftKings Incorporated tables $20 billion Entain takeover proposal

Adam Morgan

September 22, 2021

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

American online sportsbook operator DraftKings Incorporated has reportedly tabled a cash-and-stock offer worth $20 billion that would see it purchase London-listed iGaming and sportsbetting behemoth Entain. ...

Belgian court confirms mandated separation of online gaming products

Adam Morgan

September 21, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Belgium, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation

In Belgium and the Constitutional Court has reportedly affirmed an earlier ruling to annul a section of the nation’s Gambling Act of 1999 and prohibit locally-licensed iGaming operators from offering sportsbett...

Summit Ascent Holdings Limited extends loan on Philippines casino

Adam Morgan

September 21, 2021

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

Asian casino operator Summit Ascent Holdings Limited has reportedly extended the maturity date on a $122.5 million loan it agreed with Filipino associate SunTrust Home Developers Incorporated in February. Ac...

Sorare to grow following $680 million in new corporate investment

Adam Morgan

September 21, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, France, Online Gambling News, Fantasy Sports, Mergers, Acquisitions & Partnerships

Fantasy football games publisher Sorare has announced that it has raised $680 million in financing that it now intends to use in order to accelerate its growth and expand into other sports around the globe. ...

Aspire Global Limited agrees strategic American eSports alliance

Adam Morgan

September 21, 2021

Online gaming software, Latest Casino and Gambling News, New online casinos, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Fantasy eSports, Malta

Maltese iGaming solutions pioneer Aspire Global Limited has announced the inking of an agreement that is to see its entire proprietary offering made available to American online eSports operator Esports Technol...

Swedish iGaming regulator issues updated anti-money laundering guidance

Adam Morgan

September 20, 2021

Sweden, Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, The Players Lounge, Sports betting, Online Gambling News, Crime

In Sweden and the Spelinspektionen regulator has announced the release of new guidance that has been designed to help locally-licensed iGaming operators more effective counter money laundering and terrorist fin...

Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall

Adam Morgan

September 20, 2021

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

For the second time this year and global brokerage and investments firm Morgan Stanley has reportedly cast doubts on the near-future profitability of the Macau casino industry owing to the lingering impacts of ...

Atlantic City casinos post encouraging aggregated August gaming revenues

Adam Morgan

September 20, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Sports betting, New Jersey

The nine casinos in Atlantic City reportedly saw their aggregated gross gaming revenues for August increase by 31% year-on-year to just over $427.6 million as they continued to recover from the turmoil of last ...

MGM Resorts International designated as official Osaka casino partner

Adam Morgan

September 17, 2021

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

In Japan and the city of Osaka has reportedly selected a consortium being led by MGM Resorts International to be the preferred operating partner for its tilt at winning one of the nation’s coming trio of integr...

Michigan online gaming and sports betting generates over $113m in August

Sadonna Price

September 17, 2021

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Online Gambling News, Michigan

The iGaming industry in Michigan is booming. Regulators have released the revenue totals or August, and with sports betting and online gambling numbers combined, the state brought in over $113 million for the m...

Tonto Apache Tribe launches retail sports betting at Mazatzal Hotel & Casino

Sadonna Price

September 17, 2021

Latest Casino and Gambling News, Arizona, Economy/Finance, Sports betting

This week, the Tonto Apache Tribe announced the launch of its retail sportsbook in Arizona. The physical location is available at the Mazatzal Hotel & Casino. The venue is located in Payson and offers sport...

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Philippines initiates new tax regime for POGO license holders

Apollo Global Management Incorporated completes Canadian acquisition

Macau casino and junket firms seek clarity on future regulatory landscape

SJM Holdings Limited forecasts ten-year term for future Macau casino licenses

DraftKings Incorporated tables $20 billion Entain takeover proposal

Belgian court confirms mandated separation of online gaming products

Summit Ascent Holdings Limited extends loan on Philippines casino

Sorare to grow following $680 million in new corporate investment

Aspire Global Limited agrees strategic American eSports alliance

Swedish iGaming regulator issues updated anti-money laundering guidance

Morgan Stanley again lowers Macau annual forecasts amid coronavirus stall

Atlantic City casinos post encouraging aggregated August gaming revenues

MGM Resorts International designated as official Osaka casino partner

Michigan online gaming and sports betting generates over $113m in August

Tonto Apache Tribe launches retail sports betting at Mazatzal Hotel & Casino

Gulfstream Park’s Future Uncertain Amid Legislation to Decouple Racing and Casino Operations

Former Bamban Mayor Alice Guo Charged with 62 Counts of Money Laundering Linked to POGO Scandal

New Jersey’s Gaming Revenue Soars in 2024, but Atlantic City Faces Decline in Land-Based Casino Earnings

China Strengthens Cooperation with ASEAN to Combat Online Gambling and Telecom Fraud

Sports Betting Demand Surge in American States Without Legal Online Options