Economy/Finance | World Casino News

Tennessee online sports betting industry reaches new heights with $1 billion in total bets placed

May 12, 2021

Tennessee, Latest Casino and Gambling News, Economy/Finance, Sports betting

Sports betting in the United States continues to be a growing industry. New states enter the market on a regular basis as legislation is approved and with the help of new operators launching on a consistent bas...

US commercial gaming revenue reaches record high $11 billion in first quarter

Sadonna Price

May 12, 2021

Latest Casino and Gambling News, U.S.A., Economy/Finance

Commercial gaming revenue in the United States hit a new record for the first quarter of 2021, reaching the $11 billion mark. The American Gaming Association (AGA) uses its Commercial Gaming Revenue Tracker to ...

Wynn Resorts Limited to spin-off its Wynn Interactive Limited subordinate

Adam Morgan

May 11, 2021

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

American casino operator Wynn Resorts Limited has reportedly announced plans to spin off its Wynn Interactive Limited subsidiary into a newly-listed entity established in partnership with Austerlitz Acquisition...

Disappointing first-quarter financials for Grand Korea Leisure Company Limited

Adam Morgan

May 11, 2021

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

In South Korea and local casino operator Grand Korea Leisure Company Limited has reportedly released its first-quarter financial results showing that its loss for the three-month period had increased by over 35...

The Star Entertainment Group Limited eyeing Crown Resorts Limited merger

Adam Morgan

May 10, 2021

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

In Australia and The Star Entertainment Group Limited has reportedly floated a non-binding proposal that could see it merge with rival casino operator Crown Resorts Limited to create an entity that would run se...

California tribe expecting to break ground on new casino resort next month

Adam Morgan

May 10, 2021

Casino News, U.S.A., Tribal Gaming, Gaming Law & Legislation, Latest Casino and Gambling News, New Hotels, Casino project updates, Gaming Industry News, Economy/Finance, California, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In the western American state of California and the North Fork Rancheria of Mono Indians has reportedly announced that it expects to break ground on its new tribal casino resort before the end of next month. ...

Cipriani SA asks for more time to finish envisioned Uruguay casino resort

Adam Morgan

May 10, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Uruguay

In Uruguay and luxury hospitality firm Cipriani SA has reportedly asked the local government for more time to complete work on its envisioned Cipriani Ocean Resort, Club Residences and Casino development. Ac...

Proposed takeover of Codere SA hit by hefty compensation claim

Adam Morgan

May 7, 2021

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Spain

In Spain and the founding family behind local gaming operator Codere SA is reportedly demanding that a pair of American investors be required to pay at least €900 million ($1.09 billion) for its large stake in ...

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

Sadonna Price

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

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

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

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

Latest Casino and Gambling News, Australia, Casino 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, Latest Casino and Gambling News, Australia, NFL, MLB, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, 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

Latest Casino and Gambling News, Casino 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, Online Poker, Economy/Finance, 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...

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Tennessee online sports betting industry reaches new heights with $1 billion in total bets placed

US commercial gaming revenue reaches record high $11 billion in first quarter

Wynn Resorts Limited to spin-off its Wynn Interactive Limited subordinate

Disappointing first-quarter financials for Grand Korea Leisure Company Limited

The Star Entertainment Group Limited eyeing Crown Resorts Limited merger

California tribe expecting to break ground on new casino resort next month

Cipriani SA asks for more time to finish envisioned Uruguay casino resort

Proposed takeover of Codere SA hit by hefty compensation claim

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

Genting Seeks Control of Genting Malaysia with RM6.74b Offer

Curaçao Gambling Authority in Turmoil After Full Board Resignation

Horseshoe Indianapolis Workers Strike After Union Vote Halted

Ho-Chunk Nation Finalizes $610 Million Financing for Beloit Casino Resort

Evoke May Shut Up to 200 Betting Shops Amid UK Tax Hike Fears