Economy/Finance | World Casino News

Alvin Chau showing commitment to Suncity Group Holdings Limited

August 19, 2020

Latest Casino and Gambling News, Casino News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships

The main investor in Asian casino management firm Suncity Group Holdings Limited has reportedly transferred shareholder loans worth approximately $500 million into perpetual securities featuring no maturity dat...

New York commercial casino workers to hold Albany rally

Adam Morgan

August 18, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Labor Relations, New York

In New York and thousands of commercial casino workers are reportedly expected to descend upon the state capital this Thursday morning in hopes of persuading Governor Andrew Cuomo (pictured) to re-open their fa...

Manila set to ease its coronavirus-related lockdown

Adam Morgan

August 18, 2020

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

In the Philippines and President Rodrigo Duterte (pictured) has reportedly announced that the coronavirus-induced lockdown of metropolitan Manila is to be relaxed from tomorrow in an attempt to help jump-start ...

Gloomy prediction for Bloomberry Resorts Corporation

Adam Morgan

August 17, 2020

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

In the Philippines and the impact of the ongoing coronavirus pandemic is reportedly set to push annual VIP gross gaming revenues for local casino operator Bloomberry Resorts Corporation down by up to 72% year-o...

Nevada loosens coronavirus-related slot prohibition

Adam Morgan

August 17, 2020

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

In Nevada and officials have reportedly lifted a coronavirus-induced prohibition that had prevented small bars and taverns in the western state from operating standalone slot machines. According to a report ...

American daily fantasy sports firms receive alarming tax news

Adam Morgan

August 17, 2020

U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxation, Fantasy Sports, Taxes

In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to b...

City of Dreams Manila records second-quarter loss of almost $50 million

Adam Morgan

August 17, 2020

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

Asian casino and entertainments giant Melco International Development Limited has reportedly announced that its City of Dreams Manila facility racked up a second-quarter loss of nearly $50 million due to the im...

Casino Cosmopol in the northern Swedish city of Sundsvall to close

Adam Morgan

August 15, 2020

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

Sweden will soon have one less casino as state-owned gambling operator Svenska Spel AB has reportedly decided to pull the plug on the Casino Cosmopol-branded venue it runs in the northern city of Sundsvall. ...

Mohegan Sun to conclude furlough program from Sept. 30: possibly 1000 workers to be affected

K Morrison

August 14, 2020

Casino News, Latest Casino and Gambling News, Tribal Gaming, Gaming Industry News, Economy/Finance, Connecticut

After its partial reopening on June 1st, Mohegan Sun has now announced that it will lay off an undetermined number of employees "as a result of the impact of COVID-19." The giant Connecticut casino agreed to...

The Betting and Gaming Council welcomes England casino re-opening decision

Adam Morgan

August 14, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, United Kingdom

In the United Kingdom and The Betting and Gaming Council has welcomed a ‘belated’ government decision that is to allow every one of the 110 land-based casinos in England to re-open from tomorrow morning. The...

AGA premieres new Commercial Gaming Revenue Tracker service

Adam Morgan

August 14, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting

In an effort to provide value to its members as they endeavor to get back on track following the coronavirus pandemic and the American Gaming Association (AGA) has announced the launch of its new Commercial Gam...

National Revenue Agency put in charge of regulating Bulgarian gambling

Adam Morgan

August 13, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Bulgaria, Gaming Industry News, Economy/Finance, Lottery, Online Gambling News, Tax Evasion, Sports betting, Crime, Licensing, Taxes

In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commiss...

William Hill primed to acquire American rival CG Technology

Adam Morgan

August 13, 2020

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

British bookmaker William Hill is reportedly poised to increase its already large presence in the American sportsbetting market after receiving unanimous permission from the Nevada Gaming Control Board yesterda...

Lacklustre performance for re-opening Atlantic City casinos

Adam Morgan

August 13, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, New Jersey

In their first month back since being closed from March 16 due to the coronavirus pandemic and the nine casinos in Atlantic City reportedly recorded a decrease of 23% year-on-year in aggregated gross gaming rev...

Dire second-quarter financials for Galaxy Entertainment Group Limited

Adam Morgan

August 13, 2020

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

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its second-quarter financial results showing that it experienced a loss of approximately $176.77 million as its overall net reven...

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Alvin Chau showing commitment to Suncity Group Holdings Limited

New York commercial casino workers to hold Albany rally

Manila set to ease its coronavirus-related lockdown

Gloomy prediction for Bloomberry Resorts Corporation

Nevada loosens coronavirus-related slot prohibition

American daily fantasy sports firms receive alarming tax news

City of Dreams Manila records second-quarter loss of almost $50 million

Casino Cosmopol in the northern Swedish city of Sundsvall to close

Mohegan Sun to conclude furlough program from Sept. 30: possibly 1000 workers to be affected

AGA premieres new Commercial Gaming Revenue Tracker service

National Revenue Agency put in charge of regulating Bulgarian gambling

William Hill primed to acquire American rival CG Technology

Lacklustre performance for re-opening Atlantic City casinos

Dire second-quarter financials for Galaxy Entertainment Group Limited

It’s Casino Time – GiG and Ontario-Owned Operators Launch Unique iGaming Experience

Pennsylvania Hits Record $554.6m Gaming Income in March 2024

Play’n GO Expands to Fourth US State Via Deal with BetMGM

Northeastern US Casinos Rattled by Online Wagering, Smoking and Upcoming NY Rivalry Concerns

NBA Bans Jontay Porter for Life Over Confidential Information Breach Allegations