Economy/Finance | World Casino News

United States casino industry feels the impact of coronavirus

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, Gaming Law & Legislation, Casino proposals, Casino News, 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, Casino project updates, Gaming Industry News, Economy/Finance, Cyprus, 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...

Post-inquiry terminations and resignations hit Crown Resorts Limited

Adam Morgan

February 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia and the Consolidated Press Holdings Proprietary Limited (CPHPL) vehicle of billionaire businessman James Packer has reportedly severed its boardroom ties with prominent casino operator Crown Resort...

Kentucky State Senate passes historical racing games legislation

Adam Morgan

February 10, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Horse Racing, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Kentucky

The Kentucky State Senate reportedly passed legislation yesterday that would officially change the definition of parimutuel wagering so as to allow licensed facilities in the southern state to continue offering...

Under-construction Naga Vladivostok set to receive local government help

Adam Morgan

February 10, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Labor Relations, Russia

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that it is to help casino operator NagaCorp Limited speed up construction on its $350 million Naga Vladivosto...

Philippines iGaming industry facing potential tax shake-up

Adam Morgan

February 10, 2021

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Licensing, Taxes, Philippines

In the Philippines and a proposal is reportedly making its way through the legislative process that could soon oblige all locally-licensed iGaming operators to pay up to a 5% tax on their gross gaming revenues....

Crown Resorts Limited hit with damning New South Wales verdict

Adam Morgan

February 9, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia and the official inquiry looking into the license suitability of casino operator Crown Resorts Limited has reportedly returned with a damning verdict that could well see the firm forced into making...

500.com reveals major $8.6m loss during 2020 4th quarter

Sadonna Price

February 9, 2021

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

500.com is an online sports lottery provider based in China that recently revealed a huge loss in the last quarter of 2020. The company reported a net loss of $8.6 million in the quarter ending on December 31, ...

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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

Post-inquiry terminations and resignations hit Crown Resorts Limited

Kentucky State Senate passes historical racing games legislation

Under-construction Naga Vladivostok set to receive local government help

Philippines iGaming industry facing potential tax shake-up

Crown Resorts Limited hit with damning New South Wales verdict

500.com reveals major $8.6m loss during 2020 4th quarter

New York Enacts Full Ban on Sweepstake-Style Gaming

Wynn Pushes Forward on UAE Resort as Build-Out Accelerates

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Why the UK’s New Online Gambling Taxes and Regulations Leave Operators With Questions

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