Economy/Finance

Mohegan Achieves Record Quarterly Revenue, Driven by South Korean Resort

Johnny K.
Tribal Gaming, Casino News, Latest Casino and Gambling News, Tribal Gaming, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Financial Press Releases, South Korea
Mohegan, the US-based gaming operator that has recently launched its Incheon Mohegan INSPIRE integrated resort in South Korea, has announced a historic milestone with its highest quarterly net revenue to date, ...

Brazil Introduces 15% Tax on Player Prizes in Betting and Online Gambling

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Brazil, World Casino News, Gaming Industry News, Central & South America Gaming, Mobile gaming, Economy/Finance, Licenses, Taxation, Online Gambling News, Sports betting, Licensing, Taxes
Brazil has solidified its tax framework concerning player prizes and winnings within its burgeoning betting market. The Federal Revenue Service (RFB) of Brazil has officially outlined its stance on personal inc...

Red Rock Resorts Sees Surge in Q1 2024 Earnings with Durango Property Debut in Las Vegas

Johnny K.
Casino News, Latest Casino and Gambling News, U.S.A., Las Vegas, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Financial Press Releases, Nevada
Red Rock Resorts has announced stellar first-quarter earnings, buoyed by the recent inauguration of the Durango Casino & Resort in southwest Las Vegas. During the earnings call, Stephen Cootey, Executive Vi...

MGM Resorts Celebrates Record-Breaking $4.83 Billion Revenue in Q1 of 2024

Vanja Mitic
Las Vegas, Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
MGM Resorts International has reached unprecedented success, with record-breaking revenue reported in the first quarter of 2024. The company’s Las Vegas property delivered exceptional results, while its casino ...

LVXP Shares Details of its Plan to Build Tallest Casino Resort in Las Vegas

Marija Malenovic
Las Vegas, Casino News, Latest Casino and Gambling News, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Nevada
A group of real estate developers from Las Vegas intends to construct a potentially highest resort on the 27-acre location that previously housed the Wet ‘n Wild water park and has been the goal of Jackie Robin...

Petersburg City Council Votes Cordish to Develop Casino Complex

Marija Malenovic
Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Licensing
After a members-only meeting that lasted over an hour and a half, the Petersburg City Council, VA, suddenly voted unanimously on April 24 to select Cordish Companies, the company with headquarters in Baltimore,...

PAGCOR’s Gaming Revenue Hits All-Time High in Q1 2024

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Financial Press Releases, Philippines
The Philippine Amusement and Gaming Corp. (PAGCOR) revealed on April 28 that it managed to hit an all-time record in gaming revenue of Php25.24bln, roughly US$437m, for the 3-month period leading to March 31 of...

Nevada Gaming Income Down in March; First Drop in 8 Months

Marija Malenovic
Casino News, Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Nevada
According to profit data released by the Nevada Gaming Control Board (NGCB) on April 25, gaming earnings collected by the state has seen a drop over the past month. In addition, the drop occurred for the 1st ti...

Malaysia Explores Possibility of Issuing 2nd Casino License for Forest City Project; Possible Negative Effects for Marina Bay Sands and Genting Group

Marija Malenovic
Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Malaysia, Licensing, Singapore
Anwar Ibrahim, the Prime Minister of Malaysia, has reportedly met up with 2 of Malaysian's top business leaders, including Lim Kok Thay, CEO of Genting Malaysia Bhd, to talk about the chance of issuing a 2nd ca...