Economy/Finance | World Casino News

MGM Resorts International to divest REIT stake to Vici Properties Incorporated

August 4, 2021

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

American land-based casino operator MGM Resorts International has announced the signing of a definitive agreement that is to see Vici Properties Incorporated acquire its own MGM Growth Properties real estate in...

Gambling Commission postpones National Lottery operator selection deadline

Adam Morgan

August 4, 2021

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

In the United Kingdom and the Gambling Commission has announced a second delay in its year-long campaign to select who is to be granted the next ten-year license to run the country’s National Lottery. The re...

COVID-19 continues to affect Grand Korea Leisure as low monthly revenues figures recorded in July

Sadonna Price

August 4, 2021

Latest Casino and Gambling News, Economy/Finance, South Korea

The continued surges in positive COVID-19 cases have caused casinos in Asia to record monthly losses. In several areas of the country, case counts are rising, and restrictions are coming back into play, negativ...

Xavier Walsh stepping down as boss of beleaguered Crown Resorts Limited

Adam Morgan

August 3, 2021

Australia, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Crime, Fines, Lawsuits & Litigation

In Australia and the Victorian royal commission looking into the local gambling license suitability of Crown Resorts Limited has reportedly been told that the casino operator’s Chief Executive Officer will be s...

Victoria to inaugurate new gaming watchdog featuring bespoke casino unit

Adam Morgan

August 3, 2021

Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Crime, Fines, Lawsuits & Litigation

As part of its ongoing investigation into the license suitability of Crown Resorts Limited and the government for the southern Australian state of Victoria has reportedly announced that it is to establish a ded...

PAF upping its Swedish presence with pair of iGaming acquisitions

Adam Morgan

August 3, 2021

Sweden, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

Finnish iGaming operator Alands Penningautomatforening (PAF) has announced the signing of a deal that has seen it purchase a pair of Sweden-licensed online casino firms owned by Maltese rival Hero Gaming Limite...

Italian football authority calling for two-year suspension of sponsorship ban

Adam Morgan

August 2, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Mergers, Acquisitions & Partnerships, Italy

In Italy and the governing body for all professional soccer is reportedly calling on the government to temporarily lift a ban that currently prevents clubs from inking sponsorship and advertising deals with spo...

Nevada casinos chalk up optimistic June aggregated gross gaming revenues

Adam Morgan

August 2, 2021

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Nevada

The 466 casinos in the American state of Nevada reportedly posted over $1 billion in aggregated gross gaming revenues for June as a sign that they are continuing their recovery from the most hurtful effects of ...

Macau aggregated gross gaming revenues continued their resurgence in July

Adam Morgan

August 2, 2021

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

In Macau and aggregated gross gaming revenues for July reportedly rose by 528.1% year-on-year to just over $1.05 billion despite the continuing presence of a range of anti-coronavirus travel restrictions. Ac...

Manila casinos to be closed again from Friday owing to coronavirus

Adam Morgan

August 2, 2021

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Philippines

In the Philippines and the government of President Rodrigo Duterte has reportedly decided to temporarily close casinos in metropolitan Manila for a third time in 17 months owing to a significant rise in the loc...

Western Australia’s royal commission hears evidence from John Poynton

Adam Morgan

July 30, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Crime, Fines, Lawsuits & Litigation

In the Australian state of Western Australia and the royal commission investigating the license suitability of casino operator Crown Resorts Limited has reportedly heard surprising evidence from the firm’s form...

SJM Holdings Limited begins Grand Lisboa Palace operations

Adam Morgan

July 30, 2021

Casino News, Latest Casino and Gambling News, New Hotels, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced the ‘soft launch’ of its new Grand Lisboa Palace property following well over seven years of construction. According to a repo...

Richmond city council agrees provisions of One Casino and Resort deal

Adam Morgan

July 29, 2021

Virginia, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Taxation, Mergers, Acquisitions & Partnerships

The city council for the Virginia city of Richmond has reportedly finalized the terms of the deal that could see the capital community’s envisioned One Casino and Resort open its doors to players and guests bef...

Boss of Philippines regulator opposes tax breaks for local iGaming firms

Adam Morgan

July 29, 2021

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Taxes, Philippines

The boss for the Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly come out against the idea of granting limited tax breaks to firms holding a Philippine Offshore Gaming Operator (PO...

Gambling participation figures released by the Gambling Commission

Adam Morgan

July 28, 2021

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

In the United Kingdom and the Gambling Commission regulator has reportedly published the results of a new survey showing year-on-year drops in the recent rates of both gambling participation and problem gamblin...

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MGM Resorts International to divest REIT stake to Vici Properties Incorporated

Gambling Commission postpones National Lottery operator selection deadline

COVID-19 continues to affect Grand Korea Leisure as low monthly revenues figures recorded in July

Xavier Walsh stepping down as boss of beleaguered Crown Resorts Limited

Victoria to inaugurate new gaming watchdog featuring bespoke casino unit

PAF upping its Swedish presence with pair of iGaming acquisitions

Italian football authority calling for two-year suspension of sponsorship ban

Nevada casinos chalk up optimistic June aggregated gross gaming revenues

Macau aggregated gross gaming revenues continued their resurgence in July

Manila casinos to be closed again from Friday owing to coronavirus

Western Australia’s royal commission hears evidence from John Poynton

SJM Holdings Limited begins Grand Lisboa Palace operations

Richmond city council agrees provisions of One Casino and Resort deal

Boss of Philippines regulator opposes tax breaks for local iGaming firms

Gambling participation figures released by the Gambling Commission

Ex-DPWH Engineers Under Fire for Casino Losses and Flood Project Irregularities; Philippine AMLC to Investigate

Macau Gaming Tax Revenue Hits MOP$8.5 Billion in August, Sets Post-Pandemic Record

Genting to Revive London Trocadero With Casino and Leisure Hub

Americans Call for Gambling Oversight of Sports Event Contracts

$1B Grand Sierra Resort Arena to Transform Reno