Economy/Finance | World Casino News

Pennsylvania awards sixth satellite casino license

September 3, 2020

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

In Pennsylvania and local businessman Ira Lubert (pictured) has reportedly won the auction for the eastern state’s sixth satellite casino license after bidding slightly over the required $10 million minimum ask...

Serious scepticism for coming Resorts World Las Vegas

Adam Morgan

September 3, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Casino project updates, Economy/Finance

A leading investment bank has reportedly announced that it is ‘unsure’ regarding the future prospects of success for the $4.3 billion Resorts World Las Vegas facility prominent casino operator Genting Malaysia ...

Casinos Austria International bemoans first-half impact of coronavirus

Adam Morgan

September 3, 2020

Austria, Australia, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, European Casino News, Taxation

Global casino operator Casinos Austria International has reportedly announced that it chalked up a record first-half loss of just over €10 million ($11.8 million) owing to issues surrounding the coronavirus pan...

More misery for the owner of Macau’s luxury The 13 hotel

Adam Morgan

September 2, 2020

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

In Macau and the company behind the luxury The 13 hotel has reportedly revealed that it has terminated negotiations that were to have seen it offload at least a 50% stake in the 200-room property. According ...

William Hill completes acquisition of American rival CG Technology

Adam Morgan

September 2, 2020

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

British bookmaker William Hill has reportedly announced that its American subsidiary has completed its planned purchase of local rival CG Technology and is now looking to rapidly incorporate the acquisition’s s...

Holland Casino experiences revenue loss in the Netherlands due to venue closures

Sadonna Price

September 2, 2020

Latest Casino and Gambling News, Economy/Finance, Netherlands

Casino closures due to Covid-19 are affecting operators around the world. Even though facilities are opening back up, the loss from the closure is being felt tremendously. For Holland Casino in the Netherlands,...

Novomatic AG inks Asia-Pacific distribution alliance

Adam Morgan

September 2, 2020

Austria, Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Asian Casino News, Oceania Casino News, Mergers, Acquisitions & Partnerships

European gaming machines giant Novomatic AG has reportedly inked a non-exclusive deal that is to see Australian counterpart Ainsworth Game Technology Limited serve as its official Asia-Pacific distribution part...

Veikkaus Oy unveils projected opening date for Finland’s new Casino Tampere

Adam Morgan

September 1, 2020

Casino News, Latest Casino and Gambling News, Casino project updates, Gaming Industry News, Economy/Finance, Finland

In Finland and state-owned gaming operator Veikkaus Oy has reportedly announced that it hopes to begin welcoming guests to its latest land-based casino in the southern city of Tampere from December of next year...

Macau casinos record disappointing August gaming revenues

Adam Morgan

September 1, 2020

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

The 39 casinos in Macau reportedly continued to be negatively impacted by the coronavirus pandemic last month as their aggregated gross gaming revenues decreased by 94.5% year-on-year to stand at just over $166...

MGM cuts 1,100 workers at Detroit casino as part of massive company layoffs; 18,000 to permanently lose jobs

K Morrison

September 1, 2020

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Labor Relations, Michigan

MGM Resorts International (NYSE: MGM), the country's largest employer of casino workers, on Monday confirmed that approximately 1,100 employees at its MGM Grand Detroit property are facing layoffs as part of a ...

PokerStars announces iGaming exit from China, Macau and Taiwan

Adam Morgan

September 1, 2020

Latest Casino and Gambling News, Taiwan, Online gambling regulation, China, Gaming Industry News, Online Poker, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Asian Casino News, Macau

As part of an ongoing effort to improve its compliance standards, giant online casino and sportsbetting operator Flutter Entertainment has reportedly announced the exit of its PokerStars iGaming brand from Chin...

Imperial Palace Saipan operator asks for nine-year casino license fee relief

Adam Morgan

September 1, 2020

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

In the Commonwealth of the Northern Mariana Islands and the operator behind the under-construction Imperial Palace Saipan has reportedly asked for a nine-year abatement to its annual $15.5 million casino licens...

Manila integrated casino resorts may soon be allowed to partially re-open

Adam Morgan

August 31, 2020

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

The Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly announced that some of Manila’s giant integrated casino resorts may soon be allowed to partially emerge from their coronavirus-i...

NayonLanding proposal given more time to find a new home

Adam Morgan

August 31, 2020

Casino proposals, Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and casino operator Landing International Development Limited has reportedly announced that it has been given more time to find a suitable Manila home for its envisioned NayonLanding developm...

Mashpee Wampanoag Tribe issued with second federal subpoena

Adam Morgan

August 31, 2020

Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Massachusetts

In Massachusetts and Cedric Cromwell (pictured) has reportedly narrowly escaped being removed from his post as Chairman for the embattled Mashpee Wampanoag Tribe after the 2,600-strong community was hit with a ...

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Pennsylvania awards sixth satellite casino license

Serious scepticism for coming Resorts World Las Vegas

Casinos Austria International bemoans first-half impact of coronavirus

More misery for the owner of Macau’s luxury The 13 hotel

William Hill completes acquisition of American rival CG Technology

Holland Casino experiences revenue loss in the Netherlands due to venue closures

Novomatic AG inks Asia-Pacific distribution alliance

Veikkaus Oy unveils projected opening date for Finland’s new Casino Tampere

Macau casinos record disappointing August gaming revenues

MGM cuts 1,100 workers at Detroit casino as part of massive company layoffs; 18,000 to permanently lose jobs

PokerStars announces iGaming exit from China, Macau and Taiwan

Imperial Palace Saipan operator asks for nine-year casino license fee relief

NayonLanding proposal given more time to find a new home

Mashpee Wampanoag Tribe issued with second federal subpoena

LakeCrest Hotel and Casino Reveals Opening Date via Facebook

The Dutch Gaming Association Calls on Legislature to Review Gambling Advertisement Ban

AGCO Orders Suspension of Betting on World Boxing Association Events

Ontario iGaming Market Generates $2.4Billion in Revenues to Continue Exceeding Projections

Jessica Mellor, Youngest Female CEO of Star Gold Coast Casino, Resigns