Economy/Finance | World Casino News

Restrained return for Chilean casinos following coronavirus closures

January 15, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino openings, Gaming Industry News, Chile, Economy/Finance, Licenses, Taxation

The collection of eleven private and state-run casinos in Chile reportedly chalked up aggregated gross gaming revenues of $5.9 million last month and paid roughly $1.8 million in combined taxes. According to...

Pessimistic prediction for Melco Resorts and Entertainment Limited

Adam Morgan

January 15, 2021

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

Prominent financial services firm Moody’s Investors Service Incorporated has reportedly warned that Asian casino operator Melco Resorts and Entertainment Limited could see its consolidated debt rise by about 14...

Genting Casino Southport to be permanently shuttered

Adam Morgan

January 14, 2021

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, United Kingdom

In the United Kingdom and the local subsidiary of Asian casino operator Genting Malaysia Berhad has reportedly announced the impending permanent closure of its Genting Casino Southport venue for the loss of 38 ...

New Jersey sportsbetting market registers a record-breaking December

Adam Morgan

January 14, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Taxes, New Jersey

The large selection of online and land-based sportsbetting services in New Jersey reportedly had a fifth consecutive record-breaking month in December after chalking up aggregated revenues of $66.4 million cour...

Veikkaus Oy maintaining slot parlor closures in the face of coronavirus

Adam Morgan

January 14, 2021

Casino News, Latest Casino and Gambling News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Finland

In Finland and state-run gaming operator Veikkaus Oy has announced that it is to maintain the temporary closure of the vast majority of its slot parlors owing to the ongoing health threat posed by the coronavir...

Analysts react to the death of Las Vegas Sands Corporation boss Sheldon Adelson

Adam Morgan

January 13, 2021

U.S.A., Las Vegas, Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Sports betting, Macau, Online Gambling News, Mergers, Acquisitions & Partnerships, Singapore

In the United States and numerous industry analysts have reportedly predicted that the recent passing of Sheldon Adelson (pictured) at the age of 87 should have little serious impact on the immediate future of ...

Indiana sportsbetting market experiences a record-setting December

Adam Morgan

January 13, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Poker, The Players Lounge, Sports betting, Online Gambling News, Licensing, Indiana, Taxes

In Indiana and the embryonic online and land-based sportsbetting industry reportedly chalked up a record-setting $313 million in aggregated handle for December to generate collective tax revenues of approximate...

Genting Malaysia Berhad receives a precarious prediction

Adam Morgan

January 13, 2021

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

A leading investment bank has reportedly cut its upcoming annual earnings estimate for Asian casino operator Genting Malaysia Berhad by some 58% owing to an expected coronavirus-induced drop in future visitatio...

China showing its commitment to stamping out cross-border gambling

Adam Morgan

January 12, 2021

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, China, Gaming Industry News, Economy/Finance, The Players Lounge, Crime

Police in China reportedly arrested over 75,000 people last year as they busted up more than 3,500 illicit cross-border gambling cases alongside some 2,260 that had involved forbidden iGaming platforms. Acco...

Suncity Group experiencing slow post-coronavirus recovery

Adam Morgan

January 12, 2021

Casino News, Latest Casino and Gambling News, Casino project updates, Casino closures, Gaming Industry News, Economy/Finance, Macau

The Macau business unit of Asian junket operator Suncity Group is reportedly still slowly recovering from last year’s coronavirus-related disruption with its overall rolling VIP chip volumes currently standing ...

American sportsbetting market projected to have a bumper 2021

Adam Morgan

January 11, 2021

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

In the United States and a prominent Bank of America analyst has reportedly predicted that aggregated 2021 revenues from sportsbetting and iGaming could well be about to increase by up to 70% year-on-year. A...

Macau casinos experience promising start to January

Adam Morgan

January 11, 2021

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

The 39 casinos in Macau have reportedly seen their aggregated gross gaming revenues for the first ten days of January trend considerably higher when compared with the same period last month. According to a r...

Wakayama Prefecture publishes casino implementation policy criteria

Adam Morgan

January 11, 2021

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

In Japan and Wakayama Prefecture has reportedly released the implementation policy for its ambitious campaign to win one of the nation’s coming trio of integrated casino resort licenses. According to a repor...

No restructuring plans for MGM China Holdings Limited

Adam Morgan

January 8, 2021

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships

Asian casino operator MGM China Holdings Limited has reportedly responded to an earlier recommendation from one of its minority investors by announcing that it has no plans to begin restructuring its business. ...

4ThePlayer.com completes independent funding round

Sadonna Price

January 8, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News

This week, 4ThePlayer.com announced it has completed an independent funding round involving individuals in the private industry. This funding campaign helps the company to remain independent and allows them to ...

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Restrained return for Chilean casinos following coronavirus closures

Pessimistic prediction for Melco Resorts and Entertainment Limited

Genting Casino Southport to be permanently shuttered

New Jersey sportsbetting market registers a record-breaking December

Analysts react to the death of Las Vegas Sands Corporation boss Sheldon Adelson

Indiana sportsbetting market experiences a record-setting December

Genting Malaysia Berhad receives a precarious prediction

China showing its commitment to stamping out cross-border gambling

Suncity Group experiencing slow post-coronavirus recovery

American sportsbetting market projected to have a bumper 2021

Macau casinos experience promising start to January

Wakayama Prefecture publishes casino implementation policy criteria

No restructuring plans for MGM China Holdings Limited

4ThePlayer.com completes independent funding round

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

Evolution Expands into Rhode Island Through Bally’s Casino Deal

The Venetian Resort Settles EEOC Religious Discrimination Lawsuit

MLB Probes Guardians Pitcher Luis Ortiz Over Betting Concerns

Portugal’s Online Gambling Market Sees First Revenue Dip in Nearly Three Years