Economy/Finance | World Casino News

August results for Sands China Limited hurt by coronavirus-related travel restrictions

September 9, 2021

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

In Macau and local casino operator Sands China Limited has reportedly announced that its net loss for August almost doubled month-on-month to hit $125 million as a direct result of the implementation of new cor...

Macau casinos post reduced July combined tax contribution

Adam Morgan

September 8, 2021

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

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. ...

Hungarian casinos have their licenses controversially extended

Adam Morgan

September 8, 2021

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

The Prime Minister for Hungary, Viktor Orban (pictured), has reportedly come under fire after agreeing to extend the operating licenses for five Budapest casinos majority-owned by one of his closest friends for...

888 Holdings to take over the non-American assets of William Hill

Adam Morgan

September 8, 2021

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

Prominent online casino and sportsbook operator 888 Holdings has reportedly won the race to assume control over the non-American assets of William Hill following that company’s recent purchase by Caesars Entert...

American Gaming Association predicts rise in NFL sportsbetting action

Adam Morgan

September 8, 2021

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

In the United States and the American Gaming Association trade group has forecast that the country will likely experience a 36% sequential rise in the number of people wagering on action from the National Footb...

Hurricane Ida casino closures in Louisiana could cause huge revenue losses

Sadonna Price

September 8, 2021

Latest Casino and Gambling News, Economy/Finance, Louisiana

When major weather events occur along the coastline of the United States, people prepare. In Louisiana, the common weather threat is hurricanes. Just a few days ago, the state was hammered by Hurricane Ida, and...

Arizona judge declines to block enactment of new sportsbetting legislation

Adam Morgan

September 7, 2021

Gaming Law & Legislation, Tribal Gaming, Latest Casino and Gambling News, Gaming Industry News, Arizona, Economy/Finance, Licenses, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation

In the western American state of Arizona and a local judge has reportedly refused to invalidate a new law that will allow local professional sports teams to launch legal sportsbetting services from as soon as T...

Philippines regulator expecting to post improved annual tax revenues

Adam Morgan

September 7, 2021

Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Philippines

The boss for the Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly predicted that her organization expects to bring in aggregated tax revenues for this year of up to $756 million. ...

Ontario records booming start to single-game sportsbetting

Adam Morgan

September 4, 2021

NHL, Latest Casino and Gambling News, Gaming Law & Legislation, NFL, Canada, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News

In Canada and the Ontario Lottery and Gaming Corporation reportedly chalked up a successful start to the nation’s single-game sports wagering market after processing standalone bets for the five days from last ...

BetMGM inks alliance to bring its services to punters in Puerto Rico

Adam Morgan

September 3, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Puerto Rico

Only a day after being licensed by officials in the western American state of Wyoming and the mobile-friendly BetMGM sportsbetting advance has now reportedly inked a deal to bring its services to afficionados o...

Coronavirus consequences for South Korean casino tax revenues

Adam Morgan

September 3, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, South Korea

The tax contribution from the 17 casinos in South Korea reportedly fell by 82.4% on a comparative basis last year to approximately $70.7 million largely as a direct result of the turmoil associated with the ong...

Flutter Entertainment files United States Supreme Court appeal

Adam Morgan

September 2, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Online Poker, Economy/Finance, Poker, Online Gambling News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Kentucky

British and Irish iGaming behemoth Flutter Entertainment has reportedly filed an appeal with the United States Supreme Court in an attempt to overturn a controversial 2015 judgement that saw it hit with a fine ...

The Hong Kong Jockey Club posts impressive annual performance

Adam Morgan

September 2, 2021

Latest Casino and Gambling News, Horse Racing, Gaming Industry News, Hong Kong, Economy/Finance, Mobile gaming, Taxation, Online Gambling News, Sports betting

The Hong Kong Jockey Club has reportedly chalked up an increase of 27.9% year-on-year in aggregated turnover for its most recent horseracing season to a record of approximately $35.98 billion. According to a...

Daub Alderney Limited hit with £5.85 million Gambling Commission fine

Adam Morgan

September 1, 2021

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, Fines, Lawsuits & Litigation, United Kingdom

In the United Kingdom and the Gambling Commission regulator has ordered online casino operator Daub Alderney Limited to pay a £5.85 million ($8.06 million) fine for breaches of its social responsibility and ant...

Massachusetts community to consider proposed $25 million equine center

Adam Morgan

September 1, 2021

Latest Casino and Gambling News, Horse Racing, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Massachusetts

In the American state of Massachusetts and a local businessman is reportedly seeking permission to spend upwards of $25 million so as to construct an equine center complete with a mile-long dirt horseracing tra...

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August results for Sands China Limited hurt by coronavirus-related travel restrictions

Hungarian casinos have their licenses controversially extended

888 Holdings to take over the non-American assets of William Hill

American Gaming Association predicts rise in NFL sportsbetting action

Hurricane Ida casino closures in Louisiana could cause huge revenue losses

Arizona judge declines to block enactment of new sportsbetting legislation

Philippines regulator expecting to post improved annual tax revenues

Ontario records booming start to single-game sportsbetting

BetMGM inks alliance to bring its services to punters in Puerto Rico

Flutter Entertainment files United States Supreme Court appeal

The Hong Kong Jockey Club posts impressive annual performance

Massachusetts community to consider proposed $25 million equine center

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