Economy/Finance | World Casino News

Colorado group looking to do away with current casino betting limits

July 30, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Colorado, Sports betting, Online Gambling News

In the western American state of Colorado and a group of gambling proponents has reportedly launched a campaign that is seeking to do away with the jurisdiction’s current $100 maximum betting limit. Accordin...

Kazuo Okada loses appeal against effective board exclusion

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In Japan and a district court has reportedly rejected an appeal from Kazuo Okada (pictured) that is effectively set to keep the embattled former casino magnate from ever again gaining a seat on the board at Uni...

MGM Resorts International appoints Bill Hornbuckle full-time boss

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers

American casino operator, MGM Resorts International, has announced that it has named long-time company executive Bill Hornbuckle (pictured) to serve as its latest official President and Chief Executive Officer....

Late-summer opening plans for Russia’s coming Shambala Casino

Adam Morgan

July 30, 2020

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

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that the first phase of the coming Shambala Casino is scheduled to open later ‘this summer’ following over tw...

Federal judge sides with tribes in clash over Oklahoma gaming compacts

Adam Morgan

July 29, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Mergers, Acquisitions & Partnerships, Oklahoma

In Oklahoma and a federal judge has reportedly brought the long-running dispute over gaming compacts to an end by ruling that deals the state inked with its many casino-operating tribes some 15 years ago are to...

PAGCor records first-half deficit owing to coronavirus-related closures

Adam Morgan

July 29, 2020

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

The Philippine Amusement and Gaming Corporation (PAGCor) has reportedly recorded a first-half net deficit of approximately $32.5 million largely due to the nation’s coronavirus-related closure of its gaming fac...

Tropicana Las Vegas possibly due to be put up for sale

Adam Morgan

July 29, 2020

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

Less than four months after buying the Tropicana Las Vegas and American casino firm Gaming and Leisure Properties Incorporated is now reportedly looking to put the historic Las Vegas Strip venue up for sale. ...

Hong Kong court refuses to freeze local assets of Kazuo Okada

Adam Morgan

July 28, 2020

Latest Casino and Gambling News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In Hong Kong and a High Court judge has reportedly refused to grant an injunction that would have prevented former Japanese casino magnate Kazuo Okada (pictured) from being able to offload any of his local fina...

Second-quarter employee redundancies for Macau junket firms

Adam Morgan

July 28, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino closures, Economy/Finance, Employment & Careers, Macau

In Macau and the number of people employed by the enclave’s many casino junket operators reportedly dropped by around 5,200 during the three months to the end of June to approximately 82,300. According to a ...

American Gaming Association boss heralds legalized sportsbetting market

Adam Morgan

July 23, 2020

Washington D.C., Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Taxes

In the United States and the Chief Executive Officer for the American Gaming Association, Bill Miller (pictured), used a special hearing in front of federal legislators yesterday to herald the importance of the...

Sands China Limited records second-quarter earnings deficit

Adam Morgan

July 23, 2020

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships, Singapore

The Sands China Limited subordinate of American casino operator Las Vegas Sands Corporation has reportedly announced that its aggregated net income for the three months to the end of June plummeted by over 200%...

Wynn Resorts Limited instituting Las Vegas layoffs

Adam Morgan

July 23, 2020

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

American casino operator Wynn Resorts Limited has reportedly announced that it will be laying off an unspecified number of workers at its two Las Vegas properties owing to a slow-down in business being blamed o...

HMRC expands investigation into GVC Holdings

Adam Morgan

July 22, 2020

Isle of man, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Taxes

In the United Kingdom and tax authorities have reportedly widened their ongoing investigation into retail and online sportsbook operator GVC Holdings allegedly regarding the activities of its former Turkish sub...

Post-pandemic visitation levels on the rise at Resorts World Genting

Adam Morgan

July 22, 2020

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

Asian casino operator Genting Malaysia Berhad has reportedly seen visitation levels at the gambling-friendly venues within its Resorts World Genting development recover recently to reach just over 50% of their ...

Illinois licenses for FanDuel Group and DraftKings Incorporated

Adam Morgan

July 21, 2020

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Illinois

Prominent online sportsbook operators FanDuel Group and DraftKings Incorporated have reportedly been granted temporary licenses to begin offering their services to punters in the American state of Illinois. ...

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Colorado group looking to do away with current casino betting limits

Kazuo Okada loses appeal against effective board exclusion

MGM Resorts International appoints Bill Hornbuckle full-time boss

Late-summer opening plans for Russia’s coming Shambala Casino

Federal judge sides with tribes in clash over Oklahoma gaming compacts

PAGCor records first-half deficit owing to coronavirus-related closures

Tropicana Las Vegas possibly due to be put up for sale

Hong Kong court refuses to freeze local assets of Kazuo Okada

Second-quarter employee redundancies for Macau junket firms

American Gaming Association boss heralds legalized sportsbetting market

Sands China Limited records second-quarter earnings deficit

Wynn Resorts Limited instituting Las Vegas layoffs

HMRC expands investigation into GVC Holdings

Post-pandemic visitation levels on the rise at Resorts World Genting

Illinois licenses for FanDuel Group and DraftKings Incorporated

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