Economy/Finance | World Casino News

IGT and Scientific Games Corporation abandon Brazil scratchcard agreement

October 7, 2020

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

British lottery and gaming machines innovator International Game Technology (IGT) has announced its official withdrawal from the alliance that was to have seen it manage Brazil’s inaugural national scratchcard ...

Coronavirus consequences for Grand Korea Leisure Company Limited

Adam Morgan

October 7, 2020

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

South Korean casino operator Grand Korea Leisure Company Limited has reportedly announced that its aggregated gross gaming revenues for September fell by 76.5% year-on-year to approximately $8.12 million as a d...

Illinois gaming industry hit hard by coronavirus

Adam Morgan

October 6, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Lottery, Sports betting, Taxation, Online Gambling News, Illinois

The American state of Illinois reportedly saw aggregated tax revenues from gambling for the twelve months to the end of June fall by 13.4% year-on-year largely due to the impact of the coronavirus pandemic. ...

Cambodian casino legislation passes important hurdle

Adam Morgan

October 6, 2020

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

In Cambodia and draft legislation that would establish the basic capital requirements for any firm hoping to open a casino was reportedly yesterday overwhelmingly approved by the Asian country’s National Assemb...

Lithuania implementing new know-your-customer rules for iGaming

Adam Morgan

October 6, 2020

Lithuania, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, European Casino News, Lottery, The Players Lounge, Online Gambling News, Crime

Authorities in Lithuania have reportedly published a series of new know-your-customer rules for iGaming firms following the recent emergence of allegations that the small nation’s online gaming industry may hav...

Salary restoration for Penn National Gaming Incorporated executive trio

Adam Morgan

October 5, 2020

Casino Sales, Latest Casino and Gambling News, U.S.A., Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships, Labor Relations, Nevada

American casino operator Penn National Gaming Incorporated has reportedly announced that its top three executives have had their full salaries restored following the earlier implementation of coronavirus-linked...

Sazka Group becomes first to enter National Lottery license race

Adam Morgan

October 5, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Czech Republic, European Casino News, Lottery, Mergers, Acquisitions & Partnerships, United Kingdom

Prominent European lottery operator Sazka Group has announced that it has become the first to put its hat into the ring in hopes of securing the upcoming ten-year license for the right to run the National Lotte...

NagaWorld recording positive post-coronavirus recovery

Adam Morgan

October 5, 2020

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

Asian casino operator NagaCorp Limited has reportedly announced that business at its NagaWorld facility in Cambodia is quickly recovering after being shut down for a 14-week period from April 1 due to the coron...

New South Wales’ cashless ‘pokies’ proposal gains influential supporter

Adam Morgan

October 5, 2020

Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Technology, Gaming Industry News, Economy/Finance, Game manufacturers, Poker, The Players Lounge

In Australia and a controversial proposal that would require video poker machine players in the state of New South Wales to use government-issued gambling cards has reportedly gained support from a prominent lo...

Alberta premieres new real-money PlayAlberta.ca online casino

Adam Morgan

October 4, 2020

Alberta, Online gaming software, Latest Casino and Gambling News, Canada, New online casinos, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Licensing

In Canada and the Alberta Gaming, Liquor and Cannabis Commission (AGLC) reportedly launched the western province’s first legal online casino at PlayAlberta.ca on Thursday complete with a range of slot, instant-...

Twin River Worldwide Holdings Incorporated buying Illinois casino

Adam Morgan

October 2, 2020

Casino Sales, Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, Illinois, Rhode Island

American casino operator Twin River Worldwide Holdings Incorporated has announced the signing of an all-cash deal that is to see it pay some $120 million so as to acquire Jumer’s Casino and Hotel. The Provid...

Canadian casino operator receiving federal loan assistance

Adam Morgan

October 2, 2020

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

Canadian casino operator Gateway Casinos and Entertainment Limited is reportedly set to receive a federal loan worth approximately $150.2 million to help it weather a slowdown in business brought on by the rece...

Caesars Entertainment Incorporated completes Harrah’s Reno sale

Adam Morgan

October 2, 2020

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

American casino operator Caesars Entertainment Incorporated has announced the completion of the deal that has seen it offload its Harrah's Reno property to an affiliate of real estate investments firm CAI Inves...

Philadelphia Eagles inks multi-year DraftKings Incorporated alliance

Adam Morgan

October 2, 2020

Latest Casino and Gambling News, NFL, U.S.A., Gaming Industry News, Technology, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Fantasy Sports, Mergers, Acquisitions & Partnerships, Pennsylvania

The Philadelphia Eagles franchise of the National Football League (NFL) has announced the signing of a deal that is to see prominent online sportsbook operator DraftKings Incorporated serve as its official spor...

Slow return to work for Atlantic City casino employees

Adam Morgan

October 1, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, New Jersey

Despite being allowed to partially re-open in early-July following an over 100-day shut-down and the nine casinos in Atlantic City have reportedly yet to welcome back their full retinue of employees. Accordi...

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IGT and Scientific Games Corporation abandon Brazil scratchcard agreement

Coronavirus consequences for Grand Korea Leisure Company Limited

Cambodian casino legislation passes important hurdle

Lithuania implementing new know-your-customer rules for iGaming

Salary restoration for Penn National Gaming Incorporated executive trio

Sazka Group becomes first to enter National Lottery license race

NagaWorld recording positive post-coronavirus recovery

New South Wales’ cashless ‘pokies’ proposal gains influential supporter

Alberta premieres new real-money PlayAlberta.ca online casino

Twin River Worldwide Holdings Incorporated buying Illinois casino

Canadian casino operator receiving federal loan assistance

Caesars Entertainment Incorporated completes Harrah’s Reno sale

Philadelphia Eagles inks multi-year DraftKings Incorporated alliance

Slow return to work for Atlantic City casino employees

Mohegan Achieves Record Quarterly Revenue, Driven by South Korean Resort

DraftKings Expands Market Influence with Acquisition of Sports IQ Analytics

Alabama Legislature’s Bid for Gaming Expansion Fizzles as Senate Rejects Bills in Nail-Biting Vote

Farmers Branch City Council Rejects Card Room Proposal, Doug Polk’s Plans Hindered

Chilean Gaming Board Grants Casino License to Casino Patagonia S.A.