Economy/Finance | World Casino News

Positive earnings prediction for coming Grand Lisboa Palace

January 18, 2021

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

In Macau and local casino operator SJM Holdings Limited is reportedly expected to generate approximately $257 million in aggregated annual earnings next year from its coming Grand Lisboa Palace development. ...

Grand Korea Leisure Company Limited extends casino closures to February 1

Adam Morgan

January 18, 2021

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

In South Korea and casino operator Grand Korea Leisure Company Limited has reportedly announced that it is to keep its three-strong chain of Seven Luck Casino-branded venues shuttered until February 1 owing to ...

British horseracing industry suffers fresh government disappointment

Adam Morgan

January 15, 2021

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

In the United Kingdom and the horseracing industry has reportedly been told that the government has no intention of launching a formal review into the nation’s Horserace Betting Levy before the end of the year....

Restrained return for Chilean casinos following coronavirus closures

Adam Morgan

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

Casino News, Latest Casino and Gambling 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

Latest Casino and Gambling News, Casino 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, Macau, Online Gambling News, Sports betting, 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, Online Poker, Mobile gaming, Economy/Finance, 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

Latest Casino and Gambling News, U.S.A., 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...

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Positive earnings prediction for coming Grand Lisboa Palace

British horseracing industry suffers fresh government disappointment

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

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

NFL Super Bowl Slots Launches as First NFL-Licensed Social Casino Game

DraftKings to End Credit Card Deposits Nationwide

India Passes Bill Banning Money-Based Online Games

Feds Push for Reduced Sentence for Bookie Who Aided Ohtani Case