Economy/Finance | World Casino News

Macau casinos experience October gaming revenues disappointment

November 1, 2021

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

The large selection of casinos in Macau reportedly saw their aggregated gross gaming revenues for October plummet by almost 40% year-on-year to about $545.1 million owing to the earlier imposition of a range of...

Hard Rock International looking to spend $70 million on Cincinnati upgrade

Adam Morgan

November 1, 2021

Casino News, Latest Casino and Gambling News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Ohio

American casino operator Hard Rock International has reportedly announced that it is planning to spend in the region of $70 million in order to add a new 300-room hotel to its Hard Rock Casino Cincinnati proper...

Good news for Crown Resorts Limited following Crown Melbourne re-opening

Adam Morgan

November 1, 2021

Latest Casino and Gambling News, Australia, Casino News, Casino openings, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Crime

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly removed the ratings watch negative (RWN) status it earlier assigned beleaguered Australian casino operator Crown Resorts Limited. Acc...

Seminole Tribe of Florida inks online sportsbetting marketing deals

Adam Morgan

October 29, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Florida, Mergers, Acquisitions & Partnerships, Licensing, Taxes

After having its new 30-year gaming compact approved by legislators in May and the Seminole Tribe of Florida has now reportedly reached agreements that are to see it market online sportsbetting services through...

Crown Resorts Limited agrees deal to settle class-action lawsuit

Adam Morgan

October 29, 2021

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

Australian casino operator Crown Resorts Limited has reportedly agreed to pay slightly over $93.8 million in order to settle a class-action lawsuit brought by a group of its disgruntled shareholders. Accordi...

Pricey third-quarter plunge for Donaco International Limited

Adam Morgan

October 29, 2021

Casino News, Latest Casino and Gambling News, Cambodia, Gaming Industry News, Economy/Finance, Vietnam

Asian casino operator Donaco International Limited has reportedly announced that it burned through $380,408 per month over the course of the third quarter as a direct result of the coronavirus pandemic. Acco...

Churchill Downs Incorporated is looking to spend big in Louisville

Adam Morgan

October 28, 2021

Casino proposals, Horse Racing, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Kentucky

In the southern American state of Kentucky and casino operator Churchill Downs Incorporated is reportedly planning to spend approximately $6.35 million so as to transform a former bank building into its new Der...

Treasury Brisbane disposal for The Star Entertainment Group Limited

Adam Morgan

October 28, 2021

Casino Sales, Australia, Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships

In Australia and local casino operator The Star Entertainment Group Limited has reportedly agreed to sell off its Treasury Brisbane property to local real estate developer Charter Hall Group for approximately $...

Scientific Games Corporation inks deal to offload its lottery business

Adam Morgan

October 28, 2021

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

American land-based and iGaming behemoth Scientific Games Corporation has announced the signing of a definitive agreement that will see it sell its global lottery business to a subordinate of Canadian financial...

Nevada gaming win hits $1bn yet again in September

Sadonna Price

October 28, 2021

Latest Casino and Gambling News, Economy/Finance, Nevada

Nevada casinos are on a roll. For the seventh month running, the state’s casinos have hit the $1 billion gaming win mark. Earlier this week, the Nevada Gaming Control Board reported that the gaming win has reac...

Record third-quarter performance for Boyd Gaming Corporation

Adam Morgan

October 27, 2021

U.S.A., Latest Casino and Gambling News, Technology, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American casino operator Boyd Gaming Corporation has released its third-quarter financial results showing that it recorded a rise of 29.3% year-on-year in net revenues to top $843 million. The Las Vegas-head...

Imperial Pacific International Holdings Limited expecting Saipan impairment

Adam Morgan

October 27, 2021

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

Beleaguered casino operator Imperial Pacific International Holdings Limited has reportedly announced that the aggregated value of its assets is set to plunge by at least $574 million owing to the recent loss of...

Kindred Group heralds a profitable third quarter

Adam Morgan

October 27, 2021

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

Prominent iGaming operator Kindred Group has released its interim third-quarter financial results showing that its profit after tax had increased by 15.4% year-on-year to reach just over £60.6 million ($83.2 mi...

DraftKings Incorporated abandons $20 billion Entain takeover proposition

Adam Morgan

October 27, 2021

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

American online sportsbook operator DraftKings Incorporated has reportedly cancelled the cash-and-stock offer worth $20 billion that was to have seen it purchase London-listed iGaming and sportsbetting behemoth...

Tennessee sports betting industry approaching $2bn in online wagers

Sadonna Price

October 27, 2021

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

The state of Tennessee is close to one year of legally offering sports betting, and as the date draws near, the handle is closing in on $2 billion. The Tennessee Education Lottery recently reported that $1.7 bi...

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Macau casinos experience October gaming revenues disappointment

Hard Rock International looking to spend $70 million on Cincinnati upgrade

Good news for Crown Resorts Limited following Crown Melbourne re-opening

Seminole Tribe of Florida inks online sportsbetting marketing deals

Crown Resorts Limited agrees deal to settle class-action lawsuit

Pricey third-quarter plunge for Donaco International Limited

Churchill Downs Incorporated is looking to spend big in Louisville

Treasury Brisbane disposal for The Star Entertainment Group Limited

Scientific Games Corporation inks deal to offload its lottery business

Nevada gaming win hits $1bn yet again in September

Imperial Pacific International Holdings Limited expecting Saipan impairment

Kindred Group heralds a profitable third quarter

DraftKings Incorporated abandons $20 billion Entain takeover proposition

Tennessee sports betting industry approaching $2bn in online wagers

Crown Sydney Denied Poker Machines as Premier Shuts Down Proposal

Swedish Government Plans Total Ban on Gambling with Credit

Rulli Bill Would Fund ICE With Gambling Taxes, Sparks Debate

Bally’s Settles Lawsuit Over Casino Investment Terms in Chicago

Churchill Downs to Withdraw Fair Grounds License Over Legislative Impasse