Economy/Finance | World Casino News

Ominous financial warning from South Korea’s Kangwon Land Incorporated

December 8, 2020

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

In South Korea and the operator behind Kangwon Land Casino has reportedly detailed that it is expecting to record hefty losses over the next couple of weeks after the government responded to a recent rise in lo...

IGT offloading pair of Italian business-to-consumer subsidiaries

Adam Morgan

December 8, 2020

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance, Lottery, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, Italy

British lottery and gaming machines innovator International Game Technology (IGT) has announced the signing of an agreement that is to see it offload a pair of wholly-owned Italian subsidiaries for approximatel...

UK Tote Group aiming to diversify into the football sportsbetting market

Adam Morgan

December 7, 2020

Horse Racing, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, United Kingdom

In the United Kingdom and the UK Tote Group has reportedly raised some £20 million ($26.7 million) in order to help diversify its product offering via a planned expansion into the football sportsbetting market....

Neufchatel-Hardelot to study the possibility of hosting a new casino

Adam Morgan

December 7, 2020

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

In northeastern France and the small town of Neufchatel-Hardelot is reportedly set to conduct a feasibility study early next year regarding the possibility of bringing a new casino to its seaside Hardelot Plage...

Overseas gamblers to be exempt from coming Japanese casino prize taxation

Adam Morgan

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

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., 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, Sports betting, Taxation, Online Gambling News, 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

Latest Casino and Gambling News, Casino 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

Latest Casino and Gambling News, Casino 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

Latest Casino and Gambling News, Casino 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. ...

Please confirm that you are not a robot.

Top Online Casinos in United States

Top Online Bingo in United States

Top Online Poker in United States

Top Online Sportbooks in United States

IGT offloading pair of Italian business-to-consumer subsidiaries

UK Tote Group aiming to diversify into the football sportsbetting market

Neufchatel-Hardelot to study the possibility of hosting a new casino

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

Daniel Negreanu Joins Kalshi Amid Legal Scrutiny of Prediction Markets

Jay-Z’s Times Square Casino Proposal Rejected by Manhattan CAC

Lottomart Operator Hit with £360K Gambling Commission Penalty

Chicago Committee Advances Video Gaming Ordinance

DigiPlus Confirms Brazil Entry with GamePlus Launch