Economy/Finance | World Casino News

Gambling Commission initiates National Lottery license tender

August 31, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Licenses, Mergers, Acquisitions & Partnerships, United Kingdom

In the United Kingdom and the Gambling Commission regulator has announced the launch of the process that is to formally decide who will be granted the next ten-year license to operate the country’s National Lot...

Ainsworth to eliminate 107 positions: responds to AU$43 million COVID-19 related loss

Kim M

August 27, 2020

Latest Casino and Gambling News, Australia, Gaming Industry News, Game manufacturers, Economy/Finance, Oceania Casino News, Labor Relations

In response to its FY20 financial results, Australia-based manufacturer and supplier of gaming solutions, Ainsworth Game Technology (AGT) (AGI:ASE), has decided to eliminate 107 roles to help mitigate the impac...

Tighter restrictions on Illinois gaming to combat COVID-19 surge spells less tax revenue for Joliet

Kim M

August 27, 2020

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

New restrictions placed on licensed gaming operations at all Illinois casinos and video gaming locations to combat a resurgence of COVID-19 are expected to significantly affect tax revenues received for the cit...

Vietnam Casinos See Revenue Growth Thanks to Gambling Locals

Sadonna Price

August 27, 2020

Latest Casino and Gambling News, Economy/Finance, Vietnam

Revenue totals for eight operational casinos in Vietnam have been reported, with the region showing a combined total of $107.4 million. This is an amazing 60% increase from 2019. The casinos were able to see an...

New Recovery Plan for British horseracing presents “unified approach”

Kim M

August 26, 2020

Horse Racing, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, European Casino News, United Kingdom

In the United Kingdom, leading horse racing bodies have agreed on a recovery plan for British racing that seeks to restore revenues and racing activities that have been affected by the coronavirus pandemic. ...

Summit Ascent to limit Tigre de Cristal Phase II expansion as COVID-19 sees nearly 63 percent revenue drop in 1H20

Kim M

August 25, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Russia

Hong Kong-based investment holding company Summit Ascent Holdings Limited (102:Hong Kong) will reportedly begin construction on the US$200 million phase two of Tigre de Cristal located in Russia's Primorye Inte...

Second quarter revenue reports show Atlantic City casinos short $112m

Sadonna Price

August 25, 2020

Latest Casino and Gambling News, Economy/Finance, New Jersey

The second-quarter revenue reports are in for Atlantic City and the results are less than stellar. The three month time period, with reporting for April, May, and June, is the first time since gambling started ...

Nagasaki Prefecture integrated casino resort plan draws criticism

Adam Morgan

August 22, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Japan, Licenses

In southern Japan and a group of local doctors has reportedly written to the Governor for Nagasaki Prefecture to voice their opposition to a plan that would see the jurisdiction host one of the nation’s trio of...

Finnish operator Veikkaus Oy counting the cost of coronavirus

Adam Morgan

August 21, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Finland, Online Gambling News, Sports betting

In Finland and online and land-based gaming operator Veikkaus Oy has reportedly detailed that it expects its profit for the whole of 2020 to fall by up to €300 million ($353.1 million) year-on-year as a direct ...

Second-quarter deficit for Melco Resorts and Entertainment Limited

Adam Morgan

August 21, 2020

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

Asian casino operator Melco Resorts and Entertainment Limited has reportedly followed many of its rivals in recording an overall loss for the three months to the end of June owing to the many disruptions caused...

Esports Entertainment Group Incorporated inks New Jersey sportsbetting deal

Adam Morgan

August 21, 2020

Latest Casino and Gambling News, New online casinos, Gaming Industry News, Economy/Finance, Mobile gaming, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, New Jersey

Maltese online casino and sportsbook operator Esports Entertainment Group Incorporated has announced the signing of a multi-year agreement that could soon see it enter the regulated iGaming market of New Jersey...

Indiana legislator announces online casino gambling intent

Adam Morgan

August 20, 2020

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

A Republican member of the Indiana State Senate has reportedly revealed that his fellow legislators could begin considering a measure that would legalize online casino gambling as early as next year. Accordi...

The Star Entertainment Group Limited counting the cost of coronavirus

Adam Morgan

August 20, 2020

Australia, Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Casino closures, Economy/Finance

In Australia and local casino operator The Star Entertainment Group Limited has reportedly recorded an overall loss of approximately $68.07 million for the twelve months to the end of June due in large part to ...

Labor Day tourism boost in the cards for Las Vegas

Adam Morgan

August 20, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Casino openings, Gaming Industry News, Economy/Finance

In the United States and this year’s edition of the annual Labor Day federal holiday is set to take place on September 7 and numerous casinos in Las Vegas are reportedly expecting to record a much-needed spike ...

East Coast region gets huge economic boost: Valley Forge Casino’s July revenue marks 57-plus percent year-over-year increase

Kim M

August 19, 2020

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Pennsylvania

Boyd Gaming's Valley Forge Casino Resort in Upper Merion Township reported July revenue of $18.99 million, a more than 57 percent improvement over the $12.04 million from July 2019, according to the Pennsylvani...

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Gambling Commission initiates National Lottery license tender

Ainsworth to eliminate 107 positions: responds to AU$43 million COVID-19 related loss

Tighter restrictions on Illinois gaming to combat COVID-19 surge spells less tax revenue for Joliet

Vietnam Casinos See Revenue Growth Thanks to Gambling Locals

New Recovery Plan for British horseracing presents “unified approach”

Summit Ascent to limit Tigre de Cristal Phase II expansion as COVID-19 sees nearly 63 percent revenue drop in 1H20

Second quarter revenue reports show Atlantic City casinos short $112m

Nagasaki Prefecture integrated casino resort plan draws criticism

Finnish operator Veikkaus Oy counting the cost of coronavirus

Second-quarter deficit for Melco Resorts and Entertainment Limited

Esports Entertainment Group Incorporated inks New Jersey sportsbetting deal

Indiana legislator announces online casino gambling intent

Labor Day tourism boost in the cards for Las Vegas

East Coast region gets huge economic boost: Valley Forge Casino’s July revenue marks 57-plus percent year-over-year increase

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