Economy/Finance | World Casino News

Third-quarter net deficit for South Korea’s Paradise Company Limited

November 12, 2020

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for the third quarter showing that its net profit declined by over 147% year-on-year to a deficit of slightly ...

Casino pair calling for Scotland to allow their properties to re-open

Adam Morgan

November 11, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, United Kingdom

In Scotland and Grosvenor Casinos has reportedly teamed up with Genting Casinos UK Limited in order to launch a campaign that is seeking to pressure the local government into allowing casinos recently shuttered...

Third-quarter financial success for Flutter Entertainment

Adam Morgan

November 11, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Poker, Sports betting, Online Gambling News, United Kingdom

In the United Kingdom and online and land-based sportsbetting operator Flutter Entertainment has announced that its net revenues for the third quarter rose by 30% year-on-year to top £1.32 billion ($1.74 billio...

Genting Hong Kong Limited offloading significant stake in Macau subsidiary

Adam Morgan

November 11, 2020

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

The Genting Hong Kong Limited cruise ship subsidiary of Asian casino giant Genting Malaysia Berhad has reportedly announced that it is selling half of its interest in a subordinate that is currently developing ...

Casino share prices rally following coronavirus vaccine revelation

Adam Morgan

November 10, 2020

Las Vegas, Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Nevada

Yesterday’s news that there may soon be a vaccine to help stop the spread of the coronavirus pandemic has reportedly proved a boon for the price of shares in some of the biggest publicly-listed casino operators...

Galaxy Entertainment Group Limited records promising third-quarter financials

Adam Morgan

November 10, 2020

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

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its financial results for the third quarter showing that its overall net revenues rose by 34% when compared with the previous thr...

Macau casino workers struggling after being forced to take unpaid leave

Adam Morgan

November 9, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino openings, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Labor Relations

In Macau and a new survey has reportedly determined that almost 60% of casino workers are currently wrestling with financial hardship after being forced to take unpaid leave due to the economic downturn caused ...

Century Casinos Incorporated profits in the face of coronavirus

Adam Morgan

November 9, 2020

Casino Sales, Latest Casino and Gambling News, U.S.A., Casino News, Canada, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Poland, United Kingdom

American casino operator Century Casinos Incorporated has released its financial results for the third quarter showing that its net operating revenues rose by 81% year-on-year to $95.7 million courtesy of busin...

Paradise Company Limited being investigated by South Korean tax authority

Adam Morgan

November 9, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Tax Evasion, Taxation, Crime, Financial Fraud, South Korea

South Korean casino operator Paradise Company Limited has reportedly confirmed that it is one of the many subjects of an official investigation looking into a range of tax-related wrongdoing allegations. Acc...

British Columbia anti-money laundering inquiry hears dramatic testimony

Adam Morgan

November 6, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, British Columbia, Gaming Industry News, Money Laundering, Economy/Finance, Crime

In British Columbia and an official inquiry has reportedly been told how a former local government minister was ‘largely responsible’ for money laundering by organized crime groups being rampant throughout casi...

Rio All-Suite Hotel and Casino to re-open by the end of the year

Adam Morgan

November 6, 2020

Casino Sales, Las Vegas, Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

In Las Vegas and the newly-enlarged Caesars Entertainment Incorporated has reportedly announced that it intends to re-open its shuttered Rio All-Suite Hotel and Casino property by the end of this year. Accor...

Wynn Macau Limited experiencing slow post-coronavirus recovery

Adam Morgan

November 6, 2020

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

Asian casino operator Wynn Macau Limited has reportedly released its unaudited financial results for the third quarter showing that it experienced a decrease of 93.7% year-on-year in overall operating revenues ...

Melco Resorts and Entertainment Limited records third-quarter deficit

Adam Morgan

November 6, 2020

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

Asian casino operator Melco Resorts and Entertainment Limited has reportedly again followed many of its rivals in recording an overall loss for the three months to the end of September owing to the continuing f...

LeoVegas AB financials hit by coronavirus and unlicensed competition

Adam Morgan

November 5, 2020

Sweden, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, New online casinos, Newest casino games, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships

Swedish iGaming operator LeoVegas AB has released its financial results for the third quarter and blamed the relatively static outcome on the coronavirus pandemic and the recent influx of unlicensed online casi...

Sega Sammy Holdings Incorporated selling arcades business

Adam Morgan

November 5, 2020

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

Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced the signing of an agreement that will see it offload an 85.1% stake in its land-based arcades operating arm to local entity...

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Third-quarter net deficit for South Korea’s Paradise Company Limited

Casino pair calling for Scotland to allow their properties to re-open

Third-quarter financial success for Flutter Entertainment

Genting Hong Kong Limited offloading significant stake in Macau subsidiary

Casino share prices rally following coronavirus vaccine revelation

Galaxy Entertainment Group Limited records promising third-quarter financials

Century Casinos Incorporated profits in the face of coronavirus

British Columbia anti-money laundering inquiry hears dramatic testimony

Wynn Macau Limited experiencing slow post-coronavirus recovery

Melco Resorts and Entertainment Limited records third-quarter deficit

LeoVegas AB financials hit by coronavirus and unlicensed competition

Sega Sammy Holdings Incorporated selling arcades business

Malaysia Explores Possibility of Issuing 2nd Casino License for Forest City Project; Possible Negative Effects for Marina Bay Sands and Genting Group

Operator of Hollywood Casino at Meadows Pays $10,000 Fine for Breaching Problem Gaming Rules

Push Gaming Joins Forces With Slots Temple, Launches DJ Cat Online Slot Sequel

Soft2Bet and CampoBet Partner to Launch New Product in Denmark

PENN Opens Its First ESPN BET Brick-and-Mortar Sportsbook in Detroit