Economy/Finance | World Casino News

Massachusetts regulator to weigh in on Wynn Resorts Limited lawsuit

February 19, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Massachusetts

The Massachusetts Gaming Commission has reportedly decided to file a friend-of-the-court amicus brief that could well help Wynn Resorts Limited prevail in a lawsuit being brought by a disgruntled Encore Boston ...

Caesars Entertainment Incorporated abandons South Korea development

Adam Morgan

February 19, 2021

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, South Korea

American casino operator Caesars Entertainment Incorporated has reportedly sold off its interest in a $767 million gambling-friendly development it is was helping to build in South Korea. According to a repo...

Record January for Pennsylvania sportsbooks and online casinos

Adam Morgan

February 19, 2021

Latest Casino and Gambling News, Gaming Industry News, Online Poker, Economy/Finance, Poker, Online Gambling News, Sports betting, Taxes, Pennsylvania

Retail sportsbooks and online casinos in Pennsylvania reportedly had a record January after processing approximately $615.3 million in aggregated wagers and handing over some $34 million in combined taxes. A...

Macau chalks up a substantial drop in annual casino tax revenues

Adam Morgan

February 19, 2021

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

The government of Macau has reportedly announced that 2020 saw the annual tax contribution from the city’s collection of almost 40 casinos plunge by 73.6% year-on-year to stand at approximately $3.73 billion. ...

France possibly looking to relax strict casino location regulations

Adam Morgan

February 18, 2021

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

In France and the government of President Emmanuel Macron is reportedly set to consider a provision that would allow smaller tourist-friendly towns and cities such as Sedan to host a casino. According to a r...

Crown Resorts Limited records six-month loss owing to coronavirus closures

Adam Morgan

February 18, 2021

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Licenses, Fines, Lawsuits & Litigation

The value of individual shares in Crown Resorts Limited increased slightly earlier today despite the Australian casino operator having publicized an overall loss of around $93.5 million for the six months to th...

United States casino industry feels the impact of coronavirus

Adam Morgan

February 18, 2021

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

In the United States and the American Gaming Association (AGA) has detailed that the nation’s commercial casino industry recently saw its fourth-quarter aggregated gross gaming revenues drop by some 16.5% year-...

Coronavirus precautions continuing to hurt Massachusetts gaming revenues

Adam Morgan

February 17, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Taxation, Massachusetts

The trio of large gambling-friendly facilities in the eastern American state of Massachusetts reportedly had a disheartening January as their aggregated gross gaming revenues fell by about 28.2% year-on-year to...

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

Kim M

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, Latest Casino and Gambling News, U.S.A., NFL, Gaming Industry News, Technology, 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, Casino News, Casino proposals, Gaming Law & Legislation, 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...

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Massachusetts regulator to weigh in on Wynn Resorts Limited lawsuit

Caesars Entertainment Incorporated abandons South Korea development

Record January for Pennsylvania sportsbooks and online casinos

Macau chalks up a substantial drop in annual casino tax revenues

France possibly looking to relax strict casino location regulations

Crown Resorts Limited records six-month loss owing to coronavirus closures

United States casino industry feels the impact of coronavirus

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

MGA Issues Warning Over Unlicensed Gambling Sites Misleading Players

Prediction Markets Pose New Credit Risks, Bank of America Warns

UAE’s First Licensed iGaming Platform Play 971 Goes Live

Kalshi Faces Legal Battle Over Alleged Unlicensed Sports Betting Practices

PENN Committee Affirms Board’s Good-Faith Conduct in HG Vora Conflict