Economy/Finance | World Casino News

Golden Weeks pushes Macau back to within 50% of pre-COVID-19 revenue levels

May 7, 2021

Latest Casino and Gambling News, Economy/Finance, Macau

The recovery process continues in Macau as gaming operators have recorded their best week since the early days in 2020 during Golden Week this month. Gross gaming revenues came in at around 50% of the levels th...

Apollo Global Management Incorporated lodges Tabcorp Holdings Limited bid

Adam Morgan

May 7, 2021

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

American private equity behemoth Apollo Global Management Incorporated has reportedly joined the race to buy the wagering and media business of Australian bookmaker Tabcorp Holdings Limited after lodging an off...

Industry stakeholders discuss United States’ sportsbetting excise tax

Adam Morgan

May 6, 2021

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

In the United States and several prominent industry figures recently participated in a special webinar in which the nation’s current federal sportsbetting excise tax was discussed at length. According to a M...

The Star Entertainment Group Limited heralding post-coronavirus recovery

Adam Morgan

May 6, 2021

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

In Australia and local casino operator The Star Entertainment Group Limited has released a trading update covering the first five months of 2021 and showing that its domestic gaming revenues had improved by abo...

Genius Sports Group Limited buying free-play games innovator

Adam Morgan

May 5, 2021

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

British digital sports content, technology and integrity services provider Genius Sports Group Limited has announced the signing of a deal that is to see it purchase Australian free-play games innovator FanHub ...

Grand Lisboa Palace expecting to ‘soft launch’ in Macau before the end of June

Adam Morgan

May 5, 2021

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Macau

In Macau and local casino operator SJM Holdings Limited has reportedly announced that it expects to ‘soft launch’ its new Grand Lisboa Palace property before the end of June in advance of conducting a full thir...

EGBA warns German legislators against 5.3% tax on online poker and slot stakes

Adam Morgan

May 5, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Poker, Poker, The Players Lounge, Online Gambling News, Germany, Taxes

The European Gaming and Betting Association (EGBA) yesterday issued a statement in which it warned officials in Germany against implementing a proposed 5.3% federal tax on all online poker and slot stakes. T...

Two more Manila integrated casino resorts granted PIGO iGaming licenses

Adam Morgan

May 4, 2021

Online gaming software, Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Philippines

In the Philippines and the giant Resorts World Manila and Solaire Resort and Casino properties have reportedly followed their neighboring Okada Manila venue in being officially licensed to offer online gaming t...

Palms Casino Resort being sold to the San Manuel Band of Mission Indians

Adam Morgan

May 4, 2021

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

In Las Vegas and Red Rock Resorts Incorporated has reportedly agreed to sell its Palms Casino Resort property to the San Manuel Gaming and Hospitality Authority arm of the federally-recognized San Manuel Band o...

The Action Network acquisition for Better Collective A/S

Adam Morgan

May 4, 2021

NBA, NFL, Latest Casino and Gambling News, U.S.A., Online gaming software, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports

Danish sportsbetting analytics firm Better Collective A/S has announced the signing of a deal valued at around $240 million that is to see it buy prominent American sports wagering evaluation and media platform...

Catena Media looking to grow its United States presence via Lineups.com buy

Adam Morgan

May 4, 2021

NHL, NFL, U.S.A., Online gaming software, Latest Casino and Gambling News, MLB, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports

Online performance marketing firm Catena Media has announced the completion of an all-cash arrangement that has seen it purchase the real-time sports data website at Lineups.com for $39.6 million. The Maltes...

Macau continues recovery in April with 1.1% month-on-month increase in casino GGR

Sadonna Price

May 3, 2021

Latest Casino and Gambling News, Economy/Finance, Macau

The economic recovery process continues in Macau. New reports have been provided for April totals, showing the region earned a gross gaming revenue of MOP$8.4 billion in April. This is equal to $1.05 billion in...

Macau casinos likely to benefit from the introduction of ‘digital yuan’ currency

Adam Morgan

April 30, 2021

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

The introduction into Macau of a digital version of the yuan currency currently being trialled by the government of China should prove to be a long-term positive for the city’s collection of almost 40 casinos. ...

SkyCity Entertainment Group Limited to launch $90 million bond offer

Adam Morgan

April 30, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, New Zealand, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

In New Zealand and casino operator SkyCity Entertainment Group Limited is reportedly hoping to raise up to $90 million via the launch of a new bond offer so as to boost its liquidity in the wake of the coronavi...

Genius Sports Group Limited posts promising 2020 financials

Adam Morgan

April 29, 2021

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

British digital sports content, technology and integrity services provider Genius Sports Group Limited has reportedly released its financial results for 2020 showing that its total revenues jumped by 30.6% year...

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Golden Weeks pushes Macau back to within 50% of pre-COVID-19 revenue levels

Apollo Global Management Incorporated lodges Tabcorp Holdings Limited bid

Industry stakeholders discuss United States’ sportsbetting excise tax

The Star Entertainment Group Limited heralding post-coronavirus recovery

Genius Sports Group Limited buying free-play games innovator

Grand Lisboa Palace expecting to ‘soft launch’ in Macau before the end of June

EGBA warns German legislators against 5.3% tax on online poker and slot stakes

Two more Manila integrated casino resorts granted PIGO iGaming licenses

Palms Casino Resort being sold to the San Manuel Band of Mission Indians

The Action Network acquisition for Better Collective A/S

Catena Media looking to grow its United States presence via Lineups.com buy

Macau continues recovery in April with 1.1% month-on-month increase in casino GGR

Macau casinos likely to benefit from the introduction of ‘digital yuan’ currency

SkyCity Entertainment Group Limited to launch $90 million bond offer

Genius Sports Group Limited posts promising 2020 financials

PAGCOR Orders Removal of Gambling Billboards in Effort to Curb Addiction

UK Gambling Commission Overhauls Penalty System for Greater Transparency

European Parliament Approves Gibraltar’s Removal from EU’s High-Risk List

DraftKings Settles Connecticut Bonus Dispute, Agrees to Return $3 Million

Republicans Block Repeal of Gambling Deduction Cap, Nevada Lawmakers Push Back