Economy/Finance

SkyCity Entertainment Group Halts Dividends, Lowers Earnings Forecast Amid Economic Struggles and Regulatory Challenges

Johnny K.
Australia, Casino News, Latest Casino and Gambling News, World Casino News, New Zealand, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Crime, Financial Press Releases
SkyCity Entertainment Group, the prominent New Zealand-based operator of casinos in Adelaide, Auckland, and Queenstown, has announced the suspension of its dividends and revised its earnings forecasts downward ...

Pagcor Chairman Unveils Plans to Reduce E-Games Tariffs, Boosting Philippines’ Gaming Investment Appeal

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Taxation, Asian Casino News, Online Gambling News, Taxes, Philippines
In a move aimed at fostering industry growth and attracting more investment, Alejandro Tengco, chairman and CEO of the Philippine Amusement and Gaming Corp (Pagcor), revealed plans to reduce once again the rate...

Charting the Course: CBRE Forecasts UAE as Prime Destination for Gaming Ventures and Investments

Vanja Mitic
United Arab Emirates, Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Financial Press Releases
The United Arab Emirates (UAE) emerges as an enticing domain for gaming enthusiasts and discerning investors alike, as per findings from CBRE Institutional Research. Recently, the equity and credit teams from C...

Ohio’s Sports Betting Industry Surpasses $10 Billion Milestone, FanDuel Leads the Charge

Vanja Mitic
Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Online Gambling News, Sports betting, Financial Press Releases, Ohio
Ohio's sports betting industry has achieved a significant milestone, surpassing $10 billion in total handle since its inception. This monumental feat highlights the rapid growth and widespread popularity of spo...

FanDuel and DraftKings Grapple with Illinois Sports Wagering Tax Hike as Governor Pritzker Defends Revenue Boost

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, North America Casino News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Illinois
Illinois' online sports betting landscape faces upheaval as major players like FanDuel and DraftKings confront the repercussions of a significant tax increase. Governor J.B. Pritzker defends the move, asserting...

Zaha Hadid Architects Designs Yacht Club, Nightclub, and Casino for Bahamas’ Habacoa Superyacht Marina

Vanja Mitic
Casino News, Latest Casino and Gambling News, Casino Cruise Ships, Casino Destinations, World Casino News, North America Casino News, Casino openings, Casino project updates, Bahamas, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships
Habacoa, positioned to become North America's largest and most comprehensive superyacht marina and luxury residential community, offers an exclusive insight into the awe-inspiring design details crafted by the ...

Gaming Innovation Group Acquires Casinomeister for €3M, Unveils Revolutionary SweepX Platform for US Market

Vanja Mitic
Latest Casino and Gambling News, U.S.A., Online gaming software, North America Casino News, Gaming Industry News, Technology, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships
Gaming Innovation Group Inc. (GiG), a pioneer in digital marketing and media within the online gaming sector, announces the strategic acquisition of Casinomeister, an esteemed online casino advocacy and review ...

Flutter Entertainment Shifts Primary Listing to New York Stock Exchange, CFO Paul Edgecliffe-Johnson to Step Down

Vanja Mitic
Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Economy/Finance, Employment & Careers, Online Gambling News, New York
Flutter Entertainment plc has announced the transition of its primary listing to the New York Stock Exchange. This shift follows the transfer of the Company's listing category on the Official List of the Financ...

Arizona Sports Betting Soars: March Sees Record $759.8 Million in Wagers

Vanja Mitic
Latest Casino and Gambling News, North America Casino News, Arizona, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases
According to a recent report by the Arizona Department of Gaming (ADG), bettors in Arizona set a new milestone in March 2024 by wagering approximately $759.8 million on sports, marking a notable increase of aro...

April Boosts Nevada’s Gaming Market: Strip Revenues Up 7% to $666 Million, Strong Gains in Southern Nevada

Johnny K.
Casino News, Latest Casino and Gambling News, Las Vegas, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Nevada
The investment community had been anticipating a potential downturn in Nevada’s gaming market. However, April’s gaming and tourism results, released on Wednesday, have sparked optimism. Following a 1.2 percent ...

DraftKings and Flutter Stocks Dip After Illinois Budget Agreement Introduces Tax Hike on Sports Betting

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Taxation, Illinois, Taxes
Shares of major sports betting companies, including DraftKings and Flutter, experienced significant declines following the approval of a substantial tax increase on sports bets in Illinois. The state's fiscal 2...

Illinois Senate Adopts Progressive Tax Plan for Sports Betting, Offers Relief for Operators; House Vote Next

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Horse Racing, Sports betting, Online Gambling News, Taxation, Illinois, Taxes
In a significant legislative move, the Illinois Senate passed a bill late Sunday night that aims to transform the state's sports betting tax structure into a progressive system based on operator revenue. The ch...