Economy/Finance | World Casino News

South Korea’s Kangwon Land Casino hit hard by COVID-19-related closures; reports US250 million loss in 2020

February 16, 2021

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

Feeling the sting from the impact of multiple COVID-19 related closures, Kangwon Land, South Korea's only casino where locals are permitted to gamble alongside foreign tourists, has reportedly recorded a KRW275...

Kambi Group founder offloads large portion of his shareholding

Adam Morgan

February 12, 2021

Online gaming software, NFL, U.S.A., Latest Casino and Gambling News, Technology, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Malta

The value of individual shares in Maltese online wagering technologies innovator Kambi Group dropped by almost 4.16% earlier today to approximately $54.93 following news that the firm’s founder had offloaded a ...

New owners for the unfinished The Drew Las Vegas

Adam Morgan

February 12, 2021

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships

The plan to open The Drew Las Vegas as the newest casino resort in southern Nevada has reportedly taken another blow following news that its owner has sold the under-construction property owing to a coronavirus...

MGM Resorts International remaining keen on Osaka casino project

Adam Morgan

February 12, 2021

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

The boss for American casino operator MGM Resorts International has reportedly revealed that his firm is still interested in being given the right to bring a gambling-friendly development to the Japanese city o...

Kambi Group heralds ‘record’ fourth-quarter financials

Adam Morgan

February 11, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Malta

Maltese online wagering technologies innovator Kambi Group has released its financial results for the final three months of 2020 showing that its aggregated revenues rose by 76% year-on-year to top €46.9 millio...

City of Dreams Mediterranean opening delayed by over nine months

Adam Morgan

February 11, 2021

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

The provisional opening date for the €550 million ($668 million) integrated casino resort being built in Cyprus by Melco International Development Limited has reportedly been pushed back by over nine months to ...

Entain remaining committed to its Enlabs AB takeover offer

Adam Morgan

February 11, 2021

Sweden, Isle of man, Latvia, Lithuania, Online gaming software, Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Estonia, Online Gambling News, Mergers, Acquisitions & Partnerships

Prominent iGaming and sportsbook operator Entain is reportedly standing by its $336.7 million offer to purchase smaller Baltic-facing competitor Enlabs AB after extending the acceptance period for a further mon...

Post-inquiry terminations and resignations hit Crown Resorts Limited

Adam Morgan

February 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia and the Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle of billionaire businessman James Packer has reportedly severed its boardroom ties with prominent casino operator Crown Resort...

Kentucky State Senate passes historical racing games legislation

Adam Morgan

February 10, 2021

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

The Kentucky State Senate reportedly passed legislation yesterday that would officially change the definition of parimutuel wagering so as to allow licensed facilities in the southern state to continue offering...

Under-construction Naga Vladivostok set to receive local government help

Adam Morgan

February 10, 2021

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

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that it is to help casino operator NagaCorp Limited speed up construction on its $350 million Naga Vladivosto...

Philippines iGaming industry facing potential tax shake-up

Adam Morgan

February 10, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and a proposal is reportedly making its way through the legislative process that could soon oblige all locally-licensed iGaming operators to pay up to a 5% tax on their gross gaming revenues....

Crown Resorts Limited hit with damning New South Wales verdict

Adam Morgan

February 9, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making...

500.com reveals major $8.6m loss during 2020 4th quarter

Sadonna Price

February 9, 2021

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

500.com is an online sports lottery provider based in China that recently revealed a huge loss in the last quarter of 2020. The company reported a net loss of $8.6 million in the quarter ending on December 31, ...

Local runner for Nagasaki Prefecture integrated casino resort license race

Adam Morgan

February 9, 2021

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 a local consortium known as The Niki and Chyau Fwu (Parkview) Group is reportedly now vying with four foreign rivals for the right to potentially operate the integrated casino resort being planned ...

Record Revenues reported for Golden Nugget Online Gaming in 2020

Sadonna Price

February 9, 2021

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Michigan

Golden Nugget Online Gaming (GNOG) has provided preliminary financial reports for 2020. In general, the company had a strong, building momentum as it provided services in New Jersey. GNOG earned $90-$91 million...

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South Korea’s Kangwon Land Casino hit hard by COVID-19-related closures; reports US250 million loss in 2020

Kambi Group founder offloads large portion of his shareholding

New owners for the unfinished The Drew Las Vegas

MGM Resorts International remaining keen on Osaka casino project

Kambi Group heralds ‘record’ fourth-quarter financials

Entain remaining committed to its Enlabs AB takeover offer

Post-inquiry terminations and resignations hit Crown Resorts Limited

Kentucky State Senate passes historical racing games legislation

Under-construction Naga Vladivostok set to receive local government help

Philippines iGaming industry facing potential tax shake-up

Crown Resorts Limited hit with damning New South Wales verdict

500.com reveals major $8.6m loss during 2020 4th quarter

Local runner for Nagasaki Prefecture integrated casino resort license race

Record Revenues reported for Golden Nugget Online Gaming in 2020

MGM Resorts Posts Strong Q3 Performance with Record Earnings from MGM China

iGaming Affiliates Shine at SiGMA Euro-Med 2025

Norfolk Casino License Secured, Interim Facility Opening Soon

Las Vegas Tourism Struggles in September as Gaming Revenue Declines

BetCity Hit With €2.65m Penalty for Failing to Safeguard Young Gamblers