Economy/Finance

Bally’s Requests Property Tax Discount for $1.7B Chicago Casino Project Amid Ongoing Struggles

Vanja Mitic
U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Taxation, Illinois
Bally’s, a Rhode Island-based gambling company, is seeking a significant property tax break to support its $1.7 billion integrated casino and hotel project along the Chicago River, Illinois. The venue, planned ...

Chicago’s Casino Gamble Faces Challenging Start; Hopes Rest on Permanent Facility

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Illinois, Financial Press Releases
Chicago’s ambitious attempt to ease its financial struggles through a casino has not yielded the expected results, according to a recent City Council report. The temporary casino at River North’s Medinah Temple...

Coney Island Casino Proposal Promises $200 Million Community Trust Fund

Vanja Mitic
Casino News, Latest Casino and Gambling News, U.S.A., Casino Destinations, Casino proposals, World Casino News, North America Casino News, Casino project updates, Economy/Finance, New York
The Coney, a proposed casino in Brooklyn’s Coney Island neighborhood in New York, has stirred significant attention, with developers announcing plans to establish a $200 million community trust fund if their ga...

Greentube Alderney Hit with £1 Million Fine by UKGC for AML and Social Responsibility Failures

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom
The UK Gambling Commission (UKGC) has imposed a £1 million fine on Greentube Alderney, which operates the Admiral Casino brand, after the company was found to have failed repeatedly in its obligations to adhere...

France Weighs Online Casino Legalization to Address Illegal Market

Vanja Mitic
Gaming Law & Legislation, Casino News, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, France, Online Gambling News
The French government is intensifying discussions about legalizing online casinos, a significant policy shift aimed at curbing the massive illegal market. France and Cyprus remain the only European Union member...

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Vanja Mitic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casinos of the Philippines, Casino closures, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
The Clark Development Corporation (CDC) has issued a cease-and-desist order against Fontana Development Corporation (FDC) and Fontana Resort and Country Club Inc. (FRCCI), halting all operations of the Fontana ...