Economy/Finance | World Casino News

Coronavirus repercussions for Sega Sammy Creation Incorporated

October 12, 2020

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Game manufacturers, Japan, Macau, Asian Casino News, Philippines, Vietnam

Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that its Sega Sammy Creation Incorporated subordinate has recorded a loss of approximately $14.8 million for its most recen...

Philippines iGaming operators considering Isle of Man move

Adam Morgan

October 12, 2020

Isle of man, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Asian Casino News, Sports betting, Licensing, Taxes, Philippines

Prominent professional services firm Affinity Group Limited has reportedly revealed that it has recently seen a spike in the number of Asia-facing iGaming providers expressing an interest in relocating from the...

Brokerage predicts long road to recovery for Macau casino industry

Adam Morgan

October 9, 2020

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

The Asian branch of financial services giant JP Morgan Securities has reportedly announced that it expects aggregated gross gaming revenues for the 39 casinos in Macau to reach as high as $36.58 billion for the...

Mohegan Gaming and Entertainment lodges official Inspire Athens bid

Adam Morgan

October 9, 2020

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

A consortium being led by Mohegan Gaming and Entertainment has reportedly lodged an official bid worth €150 million ($177 million) for the license to build and operate an integrated casino resort near the Greek...

MGM Resorts International launches $750 million investment drive

Adam Morgan

October 9, 2020

NFL, U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, United Kingdom

American casino operator MGM Resorts International has announced that it is hoping to bring in some $750 million in cash via a new public offering of 4.75% senior notes set to come due in 2028. The New York-...

Criticism for New South Wales’ cashless ‘pokies’ proposal

Adam Morgan

October 8, 2020

Gaming Law & Legislation, Australia, Casino News, Latest Casino and Gambling News, Gaming Industry News, Technology, Game manufacturers, Economy/Finance, Poker, The Players Lounge

In the Australian state of New South Wales and a proposal that would require local video poker machine players to utilize government-issued gambling cards over cash has reportedly been criticized by one of the ...

Macau chalks up dismal ‘Golden Week’ visitation numbers

Adam Morgan

October 8, 2020

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

In Macau and this year’s edition of the annual ‘Golden Week’ national holiday reportedly proved disappointing as the city saw the number of inbound tourists decline by 85.7% year-on-year to just 139,280. Acc...

Nevada Gaming Control Board approves Mohegan Gaming and Entertainment

Adam Morgan

October 8, 2020

Las Vegas, Latest Casino and Gambling News, Casino News, Tribal Gaming, Casino project updates, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Sports betting, Mergers, Acquisitions & Partnerships, Labor Relations, Nevada

The Mohegan Gaming and Entertainment vehicle of the federally-recognized Mohegan Tribe has reportedly been approved by the Nevada Gaming Control Board to operate a casino inside the coming Virgin Hotels Las Veg...

Sihanoukville casinos closed or staff suspected due to COVID-19 impact

Sadonna Price

October 8, 2020

Cambodia, Latest Casino and Gambling News, Economy/Finance, Employment & Careers

As the online gaming ban in Cambodia takes effect and COVID-19 has been a continual issue, casinos in Sihanoukville are either closed or staff members suspended. According to the source, The Khmer Times has rep...

Japanese pachinko industry experiencing steady post-lockdown revival

Adam Morgan

October 7, 2020

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

In Japan and a recent government-backed survey has reportedly found that the pachinko sector is steadily recovering from its month-long coronavirus-linked shutdown while still facing a raft of longer-term probl...

IGT and Scientific Games Corporation abandon Brazil scratchcard agreement

Adam Morgan

October 7, 2020

U.S.A., Latest Casino and Gambling News, Brazil, Gaming Industry News, Game manufacturers, Economy/Finance, Lottery, Mergers, Acquisitions & Partnerships, United Kingdom

British lottery and gaming machines innovator International Game Technology (IGT) has announced its official withdrawal from the alliance that was to have seen it manage Brazil’s inaugural national scratchcard ...

Coronavirus consequences for Grand Korea Leisure Company Limited

Adam Morgan

October 7, 2020

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

South Korean casino operator Grand Korea Leisure Company Limited has reportedly announced that its aggregated gross gaming revenues for September fell by 76.5% year-on-year to approximately $8.12 million as a d...

Illinois gaming industry hit hard by coronavirus

Adam Morgan

October 6, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Lottery, Taxation, Online Gambling News, Sports betting, Illinois

The American state of Illinois reportedly saw aggregated tax revenues from gambling for the twelve months to the end of June fall by 13.4% year-on-year largely due to the impact of the coronavirus pandemic. ...

Cambodian casino legislation passes important hurdle

Adam Morgan

October 6, 2020

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

In Cambodia and draft legislation that would establish the basic capital requirements for any firm hoping to open a casino was reportedly yesterday overwhelmingly approved by the Asian country’s National Assemb...

Lithuania implementing new know-your-customer rules for iGaming

Adam Morgan

October 6, 2020

Lithuania, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, European Casino News, Lottery, The Players Lounge, Online Gambling News, Crime

Authorities in Lithuania have reportedly published a series of new know-your-customer rules for iGaming firms following the recent emergence of allegations that the small nation’s online gaming industry may hav...

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Coronavirus repercussions for Sega Sammy Creation Incorporated

Philippines iGaming operators considering Isle of Man move

Brokerage predicts long road to recovery for Macau casino industry

Mohegan Gaming and Entertainment lodges official Inspire Athens bid

MGM Resorts International launches $750 million investment drive

Criticism for New South Wales’ cashless ‘pokies’ proposal

Macau chalks up dismal ‘Golden Week’ visitation numbers

Nevada Gaming Control Board approves Mohegan Gaming and Entertainment

Sihanoukville casinos closed or staff suspected due to COVID-19 impact

IGT and Scientific Games Corporation abandon Brazil scratchcard agreement

Coronavirus consequences for Grand Korea Leisure Company Limited

Cambodian casino legislation passes important hurdle

Lithuania implementing new know-your-customer rules for iGaming

AGEM Index Sees Strong Growth in June 2025, Driven by Key Contributions from Konami and Aristocrat

Crown Perth Retains Gaming Licence After Comprehensive Overhaul

New Casino in Salem Set to Revitalize the Area with Economic and Community Impact

Nevada Congresswoman Pushes Back on Gambling Loss Cap with FAIR BET Act

Fantasy Sports Startup Secures 7 Million Dollars to Fuel Expansion