Economy/Finance | World Casino News

Pennsylvania Casinos File Lawsuit Over Disparate Slot Machine Taxation

July 31, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Taxation, Taxes, Pennsylvania

In Pennsylvania, a significant legal challenge is emerging as twelve casino owners unite in a lawsuit to contest the state's tax regime on slot machine revenue. Filed on Monday, this action could potentially di...

Maine Sports Gambling Sees Impressive Start with $319M in Bets and $3.2M Tax Revenue

Vanja Mitic

July 30, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Maine

Since its inception eight months ago, Maine's newly legalized sports gambling market has quickly gained traction, although it's still too soon to declare its long-term success guaranteed. The ongoing Olympic Ga...

BetMGM Anticipates $250M Core Loss in 2024 Amid Aggressive Marketing Push

Vanja Mitic

July 29, 2024

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Canada, Gaming Industry News, Ontario, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases

BetMGM, a joint venture between MGM Resorts and Entain, has recently announced that its financial losses for the year are expected to surpass earlier projections. This news comes as the company aggressively ram...

Apollo Acquires IGT and Everi in $6.3 Billion Deal

Vanja Mitic

July 28, 2024

Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

International Game Technology PLC and Everi Holdings Inc., two prominent players in the gaming industry, have been acquired by a new holding company under Apollo Global Management, Inc. This all-cash transactio...

EveryMatrix’s CasinoEngine Hits 6 Billion Game Rounds in Online Gaming Boom

Vanja Mitic

July 26, 2024

Online gaming software, Latest Casino and Gambling News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Ontario, Online Gambling News

EveryMatrix's flagship casino product, CasinoEngine, has achieved a remarkable milestone, surpassing 6 billion monthly game rounds and exceeding €6 billion in monthly turnover. This significant achievement come...

U.S. iGaming Market Projects $7.3B Revenue in 2024, Led by FanDuel, DraftKings, BetMGM

Johnny K.

July 26, 2024

U.S.A., Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News

Eilers & Krejcik Gaming (EKG), supported by data from Fantini Research, has released a new report detailing the performance of online sports betting and gambling operators in the United States for the first...

Meridianbet Rolls Out Over 1 Million Betting Options for 2024 Paris Olympics

Vanja Mitic

July 24, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News

With the 2024 Summer Olympics on the horizon, Paris is set to become more than just a hub for athletes; it's transforming into the epicenter for sports betting enthusiasts worldwide. Meridianbet, a leading name...

Musburger Media Acquires VSiN from DraftKings, Resuming Leadership

Vanja Mitic

July 23, 2024

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

Musburger Media has announced its acquisition of the Vegas Stats & Information Network (VSiN) from DraftKings Inc. This development marks a significant return for VSiN, the sports betting network originally...

HLIB Research: Tourist Influx Spurs Growth in Malaysia’s Gaming Sector

Vanja Mitic

July 23, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Malaysia, Financial Press Releases, Singapore

The second half of 2024 is expected to mark a significant recovery for the gaming sectors in Malaysia and Singapore. Hong Leong Investment Bank Research (HLIB Research) has advised investors to maintain an "ove...

Centre County’s Mini-Casino to Proceed After Supreme Court Ruling

Vanja Mitic

July 19, 2024

Gaming Law & Legislation, U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, North America Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Pennsylvania

After nearly four years embroiled in legal and bureaucratic complexities, the planned mini-casino at Centre County's Nittany Mall in Pennsylvania has finally received the green light for construction. This deve...

Evolution Boosts US Strategy with Galaxy Gaming Acquisition

Vanja Mitic

July 19, 2024

Online gaming software, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Mobile gaming, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

In a significant strategic move, Evolution has finalized plans to acquire Galaxy Gaming for an estimated $85 million, marking a pivotal step in its expansion strategy into the U.S. market. This acquisition is s...

Virginia Casinos Revenues Total $59.5 Million in June

Johnny K.

July 19, 2024

Virginia, U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

In June 2024, Virginia's trio of casinos reported a combined total of $59.5 million in gaming revenues, according to the latest data from the Virginia Lottery, cited by Virginia Business. This figure represents...

AGI Invests $172 Million to Transform Manila’s Tourism with Newport Upgrade and Westside City Development

Vanja Mitic

July 18, 2024

Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Philippines

Alliance Global Group Inc. (AGI) is making a significant investment to reshape Manila's tourism and leisure landscape with $172 million allocated for upgrading the existing Newport World Resorts and developing ...

CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

Vanja Mitic

July 17, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases

CLSA has revised its financial projections for Macau's gaming sector for 2024 and 2025. This adjustment reflects ongoing changes in the global and regional economic landscape, competitive pressures among Macau'...

FanDuel and NYRA Settle Horse Betting Dispute Before Saratoga Season

Vanja Mitic

July 16, 2024

Latest Casino and Gambling News, U.S.A., World Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Mergers, Acquisitions & Partnerships, New York

A significant contract dispute between FanDuel and the New York Racing Association (NYRA) has been resolved just in time for the start of Saratoga’s highly anticipated summer racing season. The disagreement, wh...

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Pennsylvania Casinos File Lawsuit Over Disparate Slot Machine Taxation

Maine Sports Gambling Sees Impressive Start with $319M in Bets and $3.2M Tax Revenue

BetMGM Anticipates $250M Core Loss in 2024 Amid Aggressive Marketing Push

Apollo Acquires IGT and Everi in $6.3 Billion Deal

EveryMatrix’s CasinoEngine Hits 6 Billion Game Rounds in Online Gaming Boom

U.S. iGaming Market Projects $7.3B Revenue in 2024, Led by FanDuel, DraftKings, BetMGM

Meridianbet Rolls Out Over 1 Million Betting Options for 2024 Paris Olympics

Musburger Media Acquires VSiN from DraftKings, Resuming Leadership

HLIB Research: Tourist Influx Spurs Growth in Malaysia’s Gaming Sector

Centre County’s Mini-Casino to Proceed After Supreme Court Ruling

Evolution Boosts US Strategy with Galaxy Gaming Acquisition

Virginia Casinos Revenues Total $59.5 Million in June

AGI Invests $172 Million to Transform Manila’s Tourism with Newport Upgrade and Westside City Development

CLSA Updates Macau GGR Forecast: 34% Rise in 2024, EBITDA Cut by 1.2%

FanDuel and NYRA Settle Horse Betting Dispute Before Saratoga Season

Las Vegas Tourism Shows Mixed November Trends as Formula One Impact Wanes

Fortunepanda’s Versus Odds Banned by Swedish Regulator for Illegal Gambling

Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth

Philippines Intensifies Crackdown on Illegal POGO Workers

Ohio Sports Betting Surpasses $1 Billion in November 2024