Economy/Finance | World Casino News

Kentucky State Senate passes historical racing games legislation

February 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Horse Racing, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Kentucky

The Kentucky State Senate reportedly passed legislation yesterday that would officially change the definition of parimutuel wagering so as to allow licensed facilities in the southern state to continue offering...

Under-construction Naga Vladivostok set to receive local government help

Adam Morgan

February 10, 2021

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

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that it is to help casino operator NagaCorp Limited speed up construction on its $350 million Naga Vladivosto...

Philippines iGaming industry facing potential tax shake-up

Adam Morgan

February 10, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and a proposal is reportedly making its way through the legislative process that could soon oblige all locally-licensed iGaming operators to pay up to a 5% tax on their gross gaming revenues....

Crown Resorts Limited hit with damning New South Wales verdict

Adam Morgan

February 9, 2021

Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making...

500.com reveals major $8.6m loss during 2020 4th quarter

Sadonna Price

February 9, 2021

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

500.com is an online sports lottery provider based in China that recently revealed a huge loss in the last quarter of 2020. The company reported a net loss of $8.6 million in the quarter ending on December 31, ...

Local runner for Nagasaki Prefecture integrated casino resort license race

Adam Morgan

February 9, 2021

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

In Japan and a local consortium known as The Niki and Chyau Fwu (Parkview) Group is reportedly now vying with four foreign rivals for the right to potentially operate the integrated casino resort being planned ...

Record Revenues reported for Golden Nugget Online Gaming in 2020

Sadonna Price

February 9, 2021

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Michigan

Golden Nugget Online Gaming (GNOG) has provided preliminary financial reports for 2020. In general, the company had a strong, building momentum as it provided services in New Jersey. GNOG earned $90-$91 million...

Rich Goldman Holdings Limited issues profit warning

Adam Morgan

February 8, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian junket operator Rich Goldman Holdings Limited has reportedly announced that it expects to detail a loss of approximately $2.32 million for the six months to the end of December owing to depressed demand l...

Bally’s Corporation buys online free-play games developer SportCaller

Adam Morgan

February 8, 2021

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

American land-based casino operator Bally’s Corporation has announced that it has bought prominent online free-play games and software developer SportCaller for an undisclosed amount. The Providence-headquar...

Yokohama holds inaugural integrated casino resort public briefing

Adam Morgan

February 8, 2021

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

In Japan and officials in the city of Yokohama have reportedly held the first of six online briefings so as to lay out the specific direction of their campaign to win one of the nation’s coming trio of integrat...

Tak Chun Group to open VIP gaming lounge inside The Londoner Macao

Adam Morgan

February 5, 2021

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and prominent casino junket operator Tak Chun Group has reportedly announced that it is to premiere its latest VIP gaming club inside The Londoner Macao from Monday afternoon. According to a report ...

Relocating Cambodian casino publicizes anticipated opening aim

Adam Morgan

February 5, 2021

Cambodia, Casino News, Latest Casino and Gambling News, Casino openings, Casino project updates, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

Century Entertainment International Holdings Limited has reportedly announced that it intends to launch high-end gaming table operations at a new casino in southwest Cambodia before the end of March. Accordi...

Groupe Lucien Barriere changes its mind on Japanese casino bid

Adam Morgan

February 4, 2021

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

French casino and hotel operator Groupe Lucien Barriere has reportedly changed its mind and decided not to pursue the chance to run one of Japan’s coming trio of integrated casino resorts. According to a rep...

Paradise Company Limited records dismal January gaming revenues

Adam Morgan

February 3, 2021

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, South Korea

In South Korea and local casino operator Paradise Company Limited has reportedly announced that its aggregated gross gaming revenues for January fell by almost 61.8% year-on-year to approximately $24.44 million...

Wynn Resorts Limited abandons race for Yokohama casino license

Adam Morgan

February 3, 2021

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

American casino operator Wynn Resorts Limited has reportedly announced that it is still hoping to enter the nascent Japanese market despite deciding not to take part in the latest request for proposal (RFP) sta...

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Kentucky State Senate passes historical racing games legislation

Under-construction Naga Vladivostok set to receive local government help

Philippines iGaming industry facing potential tax shake-up

Crown Resorts Limited hit with damning New South Wales verdict

500.com reveals major $8.6m loss during 2020 4th quarter

Local runner for Nagasaki Prefecture integrated casino resort license race

Record Revenues reported for Golden Nugget Online Gaming in 2020

Rich Goldman Holdings Limited issues profit warning

Bally’s Corporation buys online free-play games developer SportCaller

Yokohama holds inaugural integrated casino resort public briefing

Tak Chun Group to open VIP gaming lounge inside The Londoner Macao

Relocating Cambodian casino publicizes anticipated opening aim

Groupe Lucien Barriere changes its mind on Japanese casino bid

Paradise Company Limited records dismal January gaming revenues

Wynn Resorts Limited abandons race for Yokohama casino license

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida

Kentucky’s Largest Retail Sportsbook Set to Open at The Mint Gaming Hall