Economy/Finance | World Casino News

American casino operators facing coronavirus-induced delays in South Korea

October 21, 2020

Casino News, Latest Casino and Gambling News, U.S.A., Casino project updates, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

American casino operators Caesars Entertainment Incorporated and Mohegan Gaming and Entertainment are reportedly facing delays in securing enough financing to complete construction of ambitious gambling-friendl...

Emperor Entertainment Hotel Ltd expects net loss in Macau due to travel restrictions

Sadonna Price

October 21, 2020

Latest Casino and Gambling News, Economy/Finance, Macau

Emperor Entertainment Hotel Ltd is the operator of the Grand Emperor Hotel, a casino venue in Macau. The operator expects to see a net loss of around HKD160 million ($20.6 million) from April through September....

Shuttered French casinos awaiting news on relief measures

Adam Morgan

October 20, 2020

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, France

Recently-closed casinos in nine French communities are reportedly eagerly awaiting news as to whether they are to receive fresh tax exemptions and access to a new solidarity fund. According to a Monday repor...

Welcome financial news from Imperial Pacific International Holdings Limited

Adam Morgan

October 20, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Saipan, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In the Commonwealth of the Northern Mariana Islands and besieged casino operator Imperial Pacific International Holdings Limited has reportedly asked a federal court to allow a foreign investor to place slightl...

Crown Resorts Limited ceases sharing information with its largest shareholder

Adam Morgan

October 15, 2020

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

In Australia and an official examination into the casino license suitability of Crown Resorts Limited has reportedly been told that the firm has ceased sharing confidential information with its largest individu...

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Adam Morgan

October 15, 2020

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

Asian junket behemoth Suncity Group Holdings Limited has reportedly announced the completion of a deal that has seen it pay approximately $160 million in order to acquire a further 41.69% stake in Russian casin...

Long road to full recovery predicted for Las Vegas Strip casinos

Adam Morgan

October 15, 2020

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Gaming Industry News, Economy/Finance

Prominent credit ratings agency Fitch Ratings has reportedly announced that it may take up to four years for casinos located along the Las Vegas Strip to see their business levels return to pre-pandemic levels....

Mohegan Gaming and Entertainment granted Inspire Athens consent

Adam Morgan

October 14, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Mergers, Acquisitions & Partnerships, Greece

In Greece and a consortium being led by Mohegan Gaming and Entertainment has reportedly cleared the last major hurdle in its plan to bring a large integrated casino resort to a 1,532-acre parcel of seaside land...

Yokohama launches second RFC round for potential casino partners

Adam Morgan

October 14, 2020

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

In Japan and the city of Yokohama has reportedly launched a second request for concept (RFC) round attached to its effort at securing the rights to host one of the nation’s coming trio of integrated casino reso...

Shambala Casino to conduct grand opening on Friday

Adam Morgan

October 14, 2020

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

In Russia and the first phase of the $45 million Shambala Casino from local concern Shambala CJSC is reportedly set to fully open on Friday complete with a restaurant, a theater, a pair of fast-food venues and ...

China considering new penalties against foreign casino solicitation

Adam Morgan

October 13, 2020

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

In China and federal legislators are reportedly considering a number of measures that would bring in stiffer penalties for any firms or individuals found guilty of soliciting citizens into gambling overseas. ...

Twin River Worldwide Holdings Incorporated to rebrand under the Bally’s name

Adam Morgan

October 13, 2020

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

Hard on the heels of completing its $25 million purchase of Bally’s Atlantic City and American casino operator Twin River Worldwide Holdings Incorporated is reportedly set to change its corporate identity to be...

Tipico Company Limited to bring online sportsbetting to Colorado

Adam Morgan

October 13, 2020

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

American casino operator Century Casinos Incorporated has announced the signing of an agreement that is to see iGaming firm Tipico Company Limited launch an online sportsbetting service for punters in Colorado....

Meagre early-October success for Macau casinos

Adam Morgan

October 13, 2020

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

The first eleven days of October reportedly saw the 39 casinos in Macau record average daily aggregated gross gaming revenues that were some 221% higher month-on-month at approximately $30 million. According...

Betting and Gaming Council criticizes Liverpool lockdown

Adam Morgan

October 12, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, United Kingdom

In the United Kingdom and the Betting and Gaming Council has declared that it is unhappy with today’s decision from Prime Minister Boris Johnson (pictured) to temporarily close all casinos and retail betting sh...

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American casino operators facing coronavirus-induced delays in South Korea

Emperor Entertainment Hotel Ltd expects net loss in Macau due to travel restrictions

Shuttered French casinos awaiting news on relief measures

Welcome financial news from Imperial Pacific International Holdings Limited

Crown Resorts Limited ceases sharing information with its largest shareholder

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Long road to full recovery predicted for Las Vegas Strip casinos

Mohegan Gaming and Entertainment granted Inspire Athens consent

Yokohama launches second RFC round for potential casino partners

Shambala Casino to conduct grand opening on Friday

China considering new penalties against foreign casino solicitation

Twin River Worldwide Holdings Incorporated to rebrand under the Bally’s name

Tipico Company Limited to bring online sportsbetting to Colorado

Meagre early-October success for Macau casinos

Betting and Gaming Council criticizes Liverpool lockdown

Playtech Sells German Happybet Sports Betting Brand to Pferdewetten

Macau Sees Rise in Gaming-Related Crimes Amid New Illegal Money Exchange Laws

Steve Cohen’s Queens Casino Project Advances with Senate Approval

BetMGM Teams Up with Century Casinos for Missouri Sports Betting Launch

Sega Sammy Finalizes $96M Acquisition of GAN Limited