Economy/Finance | World Casino News

Virginia Lottery Board approves inaugural regulations on sportsbetting

September 16, 2020

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, The Players Lounge, Sports betting, Online Gambling News, Licensing

The four-member Virginia Lottery Board has reportedly approved a final series of regulations that could see the historic southern state launch legalized online sportsbetting as soon as early next year. Accor...

Arkansas casinos recovering from coronavirus-related shutdown

Adam Morgan

September 16, 2020

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

The three casinos in the southern American state of Arkansas together reportedly lost more than $1.4 billion in gross gaming revenues as a direct result of their enforced nine-week closures at the hands of the ...

Uncertain future for Nepal’s Tiger Palace Resort Bhairahawa

Adam Morgan

September 16, 2020

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships, Nepal

In Nepal and some 400 workers at the gambling-friendly Tiger Palace Resort Bhairahawa have reportedly had their employment terminated owing to the ongoing financial woes of the facility’s owner, Silver Heritage...

Prague passes controversial city-wide gaming machine prohibition

Adam Morgan

September 15, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Czech Republic, Licenses, Taxation

In the Czech Republic and the city council for Prague has reportedly passed a contentious measure that is set to ban local premises from operating new electronic gaming machines including slots from the first d...

Junket boss acquires significant stake in Macau Legend Development Limited

Adam Morgan

September 15, 2020

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

In Macau and an entity controlled by local businessman Chan Weng Lin (pictured) has reportedly paid approximately $173 million in order to purchase a 20.65% stake in Asian casino operator Macau Legend Developme...

Revised tax rates for licensed Philippines iGaming operators

Adam Morgan

September 15, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of ...

Genting Malaysia Berhad bailout for Resorts World Catskills

Adam Morgan

September 14, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

Minority shareholders in Asian casino operator Genting Malaysia Berhad are reportedly unlikely to be pleased with the company’s recent decision to pump another $150 million into its loss-making Empire Resorts I...

Barclays introduces 72-hour ‘cooling off’ tool for gambling transactions

Adam Morgan

September 14, 2020

Latest Casino and Gambling News, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Online Gambling News, United Kingdom

In the United Kingdom and Barclays has announced the impending launch of a new 72-hour blocking tool that has been designed to give customers ‘additional control over their spending on gambling sites.' The L...

Ronald Perelman agrees sale of 39% stake in Scientific Games Corporation

Adam Morgan

September 14, 2020

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

American billionaire businessman Ronald Perelman (pictured) has reportedly agreed a deal that will see him offload his entire 39% stake in gaming machines behemoth Scientific Games Corporation to Australian inv...

Elaine Wynn abandons quest for Wynn Resorts Limited board position

Adam Morgan

September 11, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

The largest individual shareholder in Wynn Resorts Limited, Elaine Wynn (pictured), has reportedly announced that she has given up on her quest to secure a place on the American casino operator’s board of direc...

OPAP records coronavirus-linked downturn in first-half financials

Adam Morgan

September 11, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Sports betting, Greece

Greek lottery and sportsbetting firm OPAP has reportedly announced that its revenues for the six months to the end of June decreased by 34.8% year-on-year to approximately €507.9 million ($601.6 million) largel...

Germany to allow early rollout of its regulated iGaming market

Adam Morgan

September 11, 2020

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Germany, Licensing

In Germany and federal officials have reportedly announced that iGaming operators are to be allowed to start offering their services to local players without fear of prosecution from next month. According to...

AGA survey finds 33-plus million Americans plan to bet on 2020-21 NFL season; generally “lower enthusiasm”

Kim M

September 10, 2020

Latest Casino and Gambling News, NFL, U.S.A., Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Fantasy Sports, Indepth / Featured Articles

New research released by the American Gaming Association (AGA) found that more than 33 million American adults plan to wager on the 2020-21 NFL season, with a greater number of bettors intending to place NFL wa...

Prague considering city-wide gaming machine prohibition

Adam Morgan

September 10, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Czech Republic, Licenses, Taxation

In the Czech Republic and the city council for Prague is reportedly set to consider controversial legislation later today that would prohibit the operation of all electronic and mechanical gaming machines from ...

Macau gaming tax revenues being hit by coronavirus slowdown

Adam Morgan

September 10, 2020

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

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2....

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Virginia Lottery Board approves inaugural regulations on sportsbetting

Uncertain future for Nepal’s Tiger Palace Resort Bhairahawa

Prague passes controversial city-wide gaming machine prohibition

Junket boss acquires significant stake in Macau Legend Development Limited

Revised tax rates for licensed Philippines iGaming operators

Genting Malaysia Berhad bailout for Resorts World Catskills

Barclays introduces 72-hour ‘cooling off’ tool for gambling transactions

Ronald Perelman agrees sale of 39% stake in Scientific Games Corporation

Elaine Wynn abandons quest for Wynn Resorts Limited board position

OPAP records coronavirus-linked downturn in first-half financials

Germany to allow early rollout of its regulated iGaming market

AGA survey finds 33-plus million Americans plan to bet on 2020-21 NFL season; generally “lower enthusiasm”

Prague considering city-wide gaming machine prohibition

Macau gaming tax revenues being hit by coronavirus slowdown

Casino Complex Bill to Lead Thai Parliament Agenda in July

Michigan Online Gambling Revenue Slips Slightly in April

Flamingo Las Vegas Debuts $20M Go Pool Redesign for Adults-Only Summer Fun

Unregulated AI Use in Gambling Sector Prompts Urgent Ethical Warnings

Merkur Secures Nevada License, to Acquire Gaming Arts in Q3 2025