Economy/Finance | World Casino News

Overseas gamblers to be exempt from coming Japanese casino prize taxation

December 4, 2020

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

In Japan and a prominent member of the ruling Liberal Democratic Party has reportedly pronounced that non-resident gamblers will not have to pay tax on any prizes they may win at the nation’s coming trio of int...

Flutter Entertainment increasing its interest in FanDuel Group

Adam Morgan

December 4, 2020

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

British and Irish gambling behemoth Flutter Entertainment has reportedly agreed a deal worth about $4.2 billion that is to see it acquire a further 37.2% stake in American online sportsbook operator FanDuel Gro...

Boss for Saipan casino operator facing the prospect of being sent to jail

Adam Morgan

December 4, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Saipan, Crime, Fines, Lawsuits & Litigation

In the Commonwealth of the Northern Mariana Islands and the boss for beleaguered casino operator Imperial Pacific International Holdings Limited is reportedly facing the prospect of spending some time in jail a...

Casino operator share prices rise following United Kingdom vaccination news

Adam Morgan

December 3, 2020

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

The share prices for some of the world’s most prominent land-based casino operators have reportedly risen following yesterday’s news that the United Kingdom has become the first country to approve the rollout o...

Spanish gambling industry enduring stark coronavirus-induced decline

Adam Morgan

December 3, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Lottery, Taxation, Online Gambling News, Sports betting, Spain

In Spain and aggregated gross gaming revenues for the first ten months of 2020 reportedly decreased by 50% year-on-year to approximately €4.3 billion ($5.2 billion) owing to the impacts of the ongoing coronavir...

Disappointing November for Paradise Company Limited

Adam Morgan

December 3, 2020

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

South Korean casino operator Paradise Company Limited has announced that its net gaming revenues for November declined by 84.5% year-on-year to just under $8.9 million as a direct result of the ongoing coronavi...

October aggregated gross gaming revenues rise by 12.8% in Pennsylvania

Adam Morgan

December 2, 2020

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

The eastern American state of Pennsylvania reportedly saw its aggregated gross gaming revenues for October rise by 12.8% year-on-year to approximately $320.21 million despite the considerable impacts of the cor...

NetEnt AB shedding jobs following merger with Evolution Gaming Group AB

Adam Morgan

December 2, 2020

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Employment & Careers, Online Gambling News, Mergers, Acquisitions & Partnerships, Malta

Employees of NetEnt AB in Malta are facing an uncertain future after the online casino games developer reportedly disclosed that it intends to institute ‘a few hundred’ job cuts following its recent acquisition...

Marina Bay Sands included on undesirable coronavirus list

Adam Morgan

December 2, 2020

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

In Singapore and local health officials have reportedly included the five-star Marina Bay Sands integrated casino resort on a list of locations recently visited by people who subsequently tested positive for co...

Macau gaming revenues continuing slow recovery

Adam Morgan

December 1, 2020

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

The 39 casinos in Macau reportedly saw their aggregated gross gaming revenues for November fall by 70.5% year-on-year to slightly over $845.15 million due in large part to the continuing impact of the coronavir...

Tak Chun Group initiates voluntary redundancy payment program

Adam Morgan

December 1, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Labor Relations

In Macau and prominent casino junket operator Tak Chun Group has reportedly announced the initiation of a program that is to see it offer one-off cash payments to staff members who voluntarily agree to resign. ...

Imperial Pacific International Holdings Limited apathetic to Chinese ‘blacklist’

Adam Morgan

December 1, 2020

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Saipan, Labor Relations

In the Commonwealth of the Northern Mariana Islands and the boss for beleaguered casino operator Imperial Pacific International Holdings Limited has reportedly expressed his indifference concerning China’s ‘bla...

Successful October for Rhode Island sportsbetting market

Adam Morgan

November 30, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Rhode Island

In the small American state of Rhode Island and lottery officials have reportedly detailed an increase of 76% year-on-year in aggregated sportsbetting revenues to $4.4 million as associated handle swelled by 22...

Wynn Resorts Limited being sued for a second time in Massachusetts

Adam Morgan

November 30, 2020

Horse Racing, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Massachusetts

In Massachusetts and the former owner of the Suffolk Downs horseracing facility has reportedly again filed a lawsuit against Wynn Resorts Limited over allegations that the American casino operator violated stat...

Canada well on its way to legalizing single-game sportsbetting

Adam Morgan

November 30, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Canada, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting

In Canada and proposed legislation that would amend the criminal code so as to legalize single-game sportsbetting nationwide has reportedly passed its second reading before the House of Commons. According to...

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Overseas gamblers to be exempt from coming Japanese casino prize taxation

Flutter Entertainment increasing its interest in FanDuel Group

Boss for Saipan casino operator facing the prospect of being sent to jail

Spanish gambling industry enduring stark coronavirus-induced decline

October aggregated gross gaming revenues rise by 12.8% in Pennsylvania

NetEnt AB shedding jobs following merger with Evolution Gaming Group AB

Macau gaming revenues continuing slow recovery

Tak Chun Group initiates voluntary redundancy payment program

Imperial Pacific International Holdings Limited apathetic to Chinese ‘blacklist’

Successful October for Rhode Island sportsbetting market

Wynn Resorts Limited being sued for a second time in Massachusetts

Canada well on its way to legalizing single-game sportsbetting

Macau Gaming Tax Revenue Hits MOP$8.5 Billion in August, Sets Post-Pandemic Record

Genting to Revive London Trocadero With Casino and Leisure Hub

Americans Call for Gambling Oversight of Sports Event Contracts

$1B Grand Sierra Resort Arena to Transform Reno

Valicy Gaming Emerges After Grover Gaming Sale with Bold Industry Plans