Economy/Finance | World Casino News

Another record revenue month for Ohio casinos and racinos

September 14, 2021

Latest Casino and Gambling News, Economy/Finance, Ohio

Gambling revenues just keep rolling into Ohio casino and racino venues. The August 2021 reports are in and in just one month, the state has seen over $194 million in earnings after winnings were paid. With this...

Yokohama exit for Melco Resorts and Entertainment Limited

Adam Morgan

September 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and Melco Resorts and Entertainment Limited has now reportedly followed Genting Singapore Limited in officially exiting the race to bring an integrated casino resort to the city of Yokohama. Accordi...

Economic value of Macau gaming industry falls as a result of coronavirus

Adam Morgan

September 13, 2021

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

The over 40 casinos in Macau reportedly saw their combined 2020 contribution to the local economy drop by 79.6% year-on-year to around $5.22 billion as the coronavirus pandemic sent visitor numbers plummeting. ...

Genting Singapore Limited shelves Yokohama integrated casino resort plan

Adam Morgan

September 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan, Licenses, Mergers, Acquisitions & Partnerships

In Japan and Genting Singapore Limited has reportedly shelved its campaign to bring an integrated casino resort to Yokohama after the giant city elected a new mayor that is vehemently opposed to the realization...

MGM Resorts International receives CityCenter Las Vegas deal approval

Adam Morgan

September 9, 2021

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

American casino operator MGM Resorts International has reportedly received unanimous consent from the Nevada Gaming Control Board to complete its planned $2.1 billion purchase of a 50% stake in the CityCenter L...

Kenya to potentially introduce new range of gaming advertising restrictions

Adam Morgan

September 9, 2021

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

Legislators in Kenya could soon be asked to vote on a raft of proposals that would look to limit the ability of the nation’s sportsbetting and gaming firms to advertise their wares over local broadcast media ch...

August results for Sands China Limited hurt by coronavirus-related travel restrictions

Adam Morgan

September 9, 2021

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

In Macau and local casino operator Sands China Limited has reportedly announced that its net loss for August almost doubled month-on-month to hit $125 million as a direct result of the implementation of new cor...

Macau casinos post reduced July combined tax contribution

Adam Morgan

September 8, 2021

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

The over 40 casinos in Macau reportedly contributed just over $319.63 million in aggregated gaming taxes for July as they continued to be negatively affected by the impacts of the ongoing coronavirus pandemic. ...

Hungarian casinos have their licenses controversially extended

Adam Morgan

September 8, 2021

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

The Prime Minister for Hungary, Viktor Orban (pictured), has reportedly come under fire after agreeing to extend the operating licenses for five Budapest casinos majority-owned by one of his closest friends for...

888 Holdings to take over the non-American assets of William Hill

Adam Morgan

September 8, 2021

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

Prominent online casino and sportsbook operator 888 Holdings has reportedly won the race to assume control over the non-American assets of William Hill following that company’s recent purchase by Caesars Entert...

American Gaming Association predicts rise in NFL sportsbetting action

Adam Morgan

September 8, 2021

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

In the United States and the American Gaming Association trade group has forecast that the country will likely experience a 36% sequential rise in the number of people wagering on action from the National Footb...

Hurricane Ida casino closures in Louisiana could cause huge revenue losses

Sadonna Price

September 8, 2021

Latest Casino and Gambling News, Economy/Finance, Louisiana

When major weather events occur along the coastline of the United States, people prepare. In Louisiana, the common weather threat is hurricanes. Just a few days ago, the state was hammered by Hurricane Ida, and...

Arizona judge declines to block enactment of new sportsbetting legislation

Adam Morgan

September 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Gaming Industry News, Arizona, Economy/Finance, Licenses, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation

In the western American state of Arizona and a local judge has reportedly refused to invalidate a new law that will allow local professional sports teams to launch legal sportsbetting services from as soon as T...

Philippines regulator expecting to post improved annual tax revenues

Adam Morgan

September 7, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Philippines

The boss for the Philippine Amusement and Gaming Corporation (PAGCor) regulator has reportedly predicted that her organization expects to bring in aggregated tax revenues for this year of up to $756 million. ...

Ontario records booming start to single-game sportsbetting

Adam Morgan

September 4, 2021

NHL, Latest Casino and Gambling News, Gaming Law & Legislation, NFL, Canada, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting

In Canada and the Ontario Lottery and Gaming Corporation reportedly chalked up a successful start to the nation’s single-game sports wagering market after processing standalone bets for the five days from last ...

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Another record revenue month for Ohio casinos and racinos

Yokohama exit for Melco Resorts and Entertainment Limited

Genting Singapore Limited shelves Yokohama integrated casino resort plan

MGM Resorts International receives CityCenter Las Vegas deal approval

Kenya to potentially introduce new range of gaming advertising restrictions

August results for Sands China Limited hurt by coronavirus-related travel restrictions

Hungarian casinos have their licenses controversially extended

888 Holdings to take over the non-American assets of William Hill

American Gaming Association predicts rise in NFL sportsbetting action

Hurricane Ida casino closures in Louisiana could cause huge revenue losses

Arizona judge declines to block enactment of new sportsbetting legislation

Philippines regulator expecting to post improved annual tax revenues

Ontario records booming start to single-game sportsbetting

SJM Resorts to Close Casino Casa Real as Satellite Casino Shutdowns Continue in Macau

Nevada Regulators Block FanDuel and DraftKings from Sports Betting, Citing Concerns Over Prediction Markets

Ts’elxwéyeqw Tribe Acquires Elements Casino Chilliwack, Strengthening Indigenous Leadership in B.C. Gaming

Ontario Court Allows Cross-Border Online Gaming, Paving the Way for International Play

Grand Korea Leisure’s Q3 Profit Jumps 143% on Revenue Growth