Economy/Finance | World Casino News

Elaine Wynn abandons quest for Wynn Resorts Limited board position

September 11, 2020

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

The largest individual shareholder in Wynn Resorts Limited, Elaine Wynn (pictured), has reportedly announced that she has given up on her quest to secure a place on the American casino operator’s board of direc...

OPAP records coronavirus-linked downturn in first-half financials

Adam Morgan

September 11, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Sports betting, Greece

Greek lottery and sportsbetting firm OPAP has reportedly announced that its revenues for the six months to the end of June decreased by 34.8% year-on-year to approximately €507.9 million ($601.6 million) largel...

Germany to allow early rollout of its regulated iGaming market

Adam Morgan

September 11, 2020

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

In Germany and federal officials have reportedly announced that iGaming operators are to be allowed to start offering their services to local players without fear of prosecution from next month. According to...

AGA survey finds 33-plus million Americans plan to bet on 2020-21 NFL season; generally “lower enthusiasm”

Kim M

September 10, 2020

U.S.A., Casino News, Latest Casino and Gambling News, NFL, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Fantasy Sports, Indepth / Featured Articles

New research released by the American Gaming Association (AGA) found that more than 33 million American adults plan to wager on the 2020-21 NFL season, with a greater number of bettors intending to place NFL wa...

Prague considering city-wide gaming machine prohibition

Adam Morgan

September 10, 2020

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

In the Czech Republic and the city council for Prague is reportedly set to consider controversial legislation later today that would prohibit the operation of all electronic and mechanical gaming machines from ...

Macau gaming tax revenues being hit by coronavirus slowdown

Adam Morgan

September 10, 2020

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

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $76.82 million in aggregated gaming taxes for August to take their combined eight-month reckoning to just above $2....

Station Casinos puts pair of Reno parcels up for sale

Adam Morgan

September 9, 2020

Casino News, Latest Casino and Gambling News, Casino proposals, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

In Nevada and American casino operator Station Casinos has reportedly placed a pair of undeveloped sites it owns in the city of Reno up for sale as it continues to contend with the economic fallout of the ongoi...

Chinese lotteries reverse downward sales trend in July

Adam Morgan

September 9, 2020

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

The two state-backed lotteries in China reportedly bucked five consecutive months of comparable downturns in July after recording an increase of 10.4% year-on-year in aggregated ticket sales to just over ¥36.14...

Paradise City re-opening following coronavirus scare

Adam Morgan

September 9, 2020

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

South Korean casino operator Paradise Company Limited has reportedly announced that the gambling hall and hotel within its giant Paradise City development are set to re-open after being temporarily closed last ...

Solaire Resort and Casino launching new ‘phasing plan’ re-opening program

Adam Morgan

September 8, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Labor Relations, Philippines

In the Philippines and the re-opening Solaire Resort and Casino has reportedly detailed the launch of a ‘phasing plan’ that should allow it to gradually increase capacity via the implementation of new safety an...

Greektown Casino-Hotel in Detroit to lay off 43 union employees from Sept. 28 due to COVID-19 pandemic

Kim M

September 8, 2020

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

A week after rival MGM Grand Detroit laid off some 1,100 employees, and Greektown Casino-Hotel now says 43 workers will be laid off due to lost revenues resulting from the coronavirus pandemic. In a statemen...

Macau casinos see light at the end of the coronavirus tunnel

Adam Morgan

September 8, 2020

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

The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximate...

Coronavirus consequences for Paradise Company Limited

Adam Morgan

September 8, 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 reportedly announced that its aggregated gaming revenues for August plummeted by 75% year-on-year to just over $14.55 million owing to a slump in visita...

Crown Resorts Limited enquiry hears from Jason O’Connor

Adam Morgan

September 8, 2020

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

In Australia and an official enquiry looking into the license suitability of Crown Resorts Limited has reportedly taken evidence from one of the firm’s employees that was arrested by Chinese authorities in 2016...

Japan looks likely to maintain integrated casino resort commitment

Adam Morgan

September 7, 2020

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

In Japan and the man being widely tipped to replace outgoing Prime Minister Shinzo Abe has reportedly announced that he remains committed to licensing the Asian nation’s inaugural trio of integrated casino reso...

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Elaine Wynn abandons quest for Wynn Resorts Limited board position

OPAP records coronavirus-linked downturn in first-half financials

Germany to allow early rollout of its regulated iGaming market

AGA survey finds 33-plus million Americans plan to bet on 2020-21 NFL season; generally “lower enthusiasm”

Prague considering city-wide gaming machine prohibition

Macau gaming tax revenues being hit by coronavirus slowdown

Station Casinos puts pair of Reno parcels up for sale

Chinese lotteries reverse downward sales trend in July

Paradise City re-opening following coronavirus scare

Greektown Casino-Hotel in Detroit to lay off 43 union employees from Sept. 28 due to COVID-19 pandemic

Macau casinos see light at the end of the coronavirus tunnel

Coronavirus consequences for Paradise Company Limited

Crown Resorts Limited enquiry hears from Jason O’Connor

Japan looks likely to maintain integrated casino resort commitment

Tax Change in Trump’s ‘Big Beautiful Bill’ Could Devastate Professional Gamblers

Santan Mountain Casino Unveils New Bingo Hall with Four-Day Celebration

Court Rejects Underdog’s Bid to Block AG’s DFS Opinion as PrizePicks Adapts

PrizePicks Shifts California Fantasy Sports Game to Peer-to-Peer Model

Michigan Orders 19 Unlicensed Gambling Sites to Shut Down