Economy/Finance | World Casino News

Kazuo Okada loses appeal against Tokyo District Court decision

September 21, 2020

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

In Japan and former casino magnate Kazuo Okada (pictured) has reportedly lost an appeal against a Tokyo District Court decision that had ordered him to pay some ¥21.3 million ($204,560) in compensation to the f...

British iGaming revenues hit by re-opening of land-based retail betting shops

Adam Morgan

September 18, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Online Poker, The Players Lounge, Sports betting, Online Gambling News, Fantasy eSports, United Kingdom

In the United Kingdom and the Gambling Commission regulator has announced that the amount of money spent by domestic online gamblers in July fell by 4% when compared with the previous month to slightly above £4...

Oklahoma Supreme Court refuses gubernatorial appeal petition

Adam Morgan

September 18, 2020

Latest Casino and Gambling News, Tribal Gaming, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Oklahoma

The Oklahoma Supreme Court has reportedly refused a gubernatorial request to revisit its recent decision that invalidated the controversial gaming compacts the state had earlier inked with the Comanche Nation a...

Optimistic fourth-quarter prediction for Genting Malaysia Berhad

Adam Morgan

September 18, 2020

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

Asian casino operator Genting Malaysia Berhad is reportedly set to see its business prospects improve beginning from the fourth quarter although its various subsidiaries could face a much longer road to complet...

William Hill US records successful DC sportsbook premiere

Adam Morgan

September 18, 2020

D.C., Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Sports betting, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships

The William Hill US subsidiary of British sportsbetting giant William Hill reportedly recorded aggregated stake worth approximately $9.1 million from its first full month of operation within the United States’ ...

Albania set to inaugurate bespoke casino zone for Tirana

Adam Morgan

September 17, 2020

Albania, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, European Casino News, Licenses

The Prime Minister for the small eastern European nation of Albania has reportedly reversed his long-held aversion to gambling by approving a plan that is to see the capital city of Tirana play host to a bespok...

Lottoland escapes deceptive conduct claim in Australia

Adam Morgan

September 17, 2020

U.S.A., Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Fines, Lawsuits & Litigation

In Australia and online lottery firm Lottoland has reportedly prevailed in its appeal against a man who claimed to have won approximately $173.45 million courtesy of what he thought had been a successful pick o...

Marina Bay Sands engages law firm to conduct independent investigation

Adam Morgan

September 17, 2020

U.S.A., Casino News, Latest Casino and Gambling News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

In Singapore and the operator behind the iconic Marina Bay Sands property has reportedly hired an outside law firm to conduct an independent investigation into how the integrated casino resort handles the third...

Macau hotels expecting positive ‘Golden Week’ performance

Adam Morgan

September 16, 2020

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

In Macau and the beginnings of a post-coronavirus recovery for the local casino industry could reportedly soon be on the cards following news that the city’s combined five-star hotel bookings for the first week...

Virginia Lottery Board approves inaugural regulations on sportsbetting

Adam Morgan

September 16, 2020

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, The Players Lounge, Online Gambling News, Sports betting, Licensing

The four-member Virginia Lottery Board has reportedly approved a final series of regulations that could see the historic southern state launch legalized online sportsbetting as soon as early next year. Accor...

Arkansas casinos recovering from coronavirus-related shutdown

Adam Morgan

September 16, 2020

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

The three casinos in the southern American state of Arkansas together reportedly lost more than $1.4 billion in gross gaming revenues as a direct result of their enforced nine-week closures at the hands of the ...

Uncertain future for Nepal’s Tiger Palace Resort Bhairahawa

Adam Morgan

September 16, 2020

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships, Nepal

In Nepal and some 400 workers at the gambling-friendly Tiger Palace Resort Bhairahawa have reportedly had their employment terminated owing to the ongoing financial woes of the facility’s owner, Silver Heritage...

Prague passes controversial city-wide gaming machine prohibition

Adam Morgan

September 15, 2020

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

In the Czech Republic and the city council for Prague has reportedly passed a contentious measure that is set to ban local premises from operating new electronic gaming machines including slots from the first d...

Junket boss acquires significant stake in Macau Legend Development Limited

Adam Morgan

September 15, 2020

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

In Macau and an entity controlled by local businessman Chan Weng Lin (pictured) has reportedly paid approximately $173 million in order to purchase a 20.65% stake in Asian casino operator Macau Legend Developme...

Revised tax rates for licensed Philippines iGaming operators

Adam Morgan

September 15, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of ...

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Kazuo Okada loses appeal against Tokyo District Court decision

British iGaming revenues hit by re-opening of land-based retail betting shops

Oklahoma Supreme Court refuses gubernatorial appeal petition

Optimistic fourth-quarter prediction for Genting Malaysia Berhad

William Hill US records successful DC sportsbook premiere

Albania set to inaugurate bespoke casino zone for Tirana

Lottoland escapes deceptive conduct claim in Australia

Marina Bay Sands engages law firm to conduct independent investigation

Macau hotels expecting positive ‘Golden Week’ performance

Virginia Lottery Board approves inaugural regulations on sportsbetting

Uncertain future for Nepal’s Tiger Palace Resort Bhairahawa

Prague passes controversial city-wide gaming machine prohibition

Junket boss acquires significant stake in Macau Legend Development Limited

Revised tax rates for licensed Philippines iGaming operators

Wazdan Invites Players to Mysterious Jungle in Latest Video Slot: Mighty Wild: Panther Grand Gold Edition

Mohegan Digital Debuts New iGaming Platform in Pennsylvania to Offer Fresh iGaming Experience for Players

Aristocrat Leisure Completes $1.2 Billion Acquisition of NeoGames

Nevada Gaming Income Down in March; First Drop in 8 Months

Kambi Signs Long-Term Agreement with Choctaw Nation for Sports Betting Solutions