Economy/Finance | World Casino News

Macau casinos benefitting from mass-market business

January 4, 2021

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

The 39 casinos in Macau could at long last be about to begin recovering from their coronavirus-induced downturns after seeing aggregated fourth-quarter mass-market gross gaming revenues reach the ‘highest level...

Entain shareholders reject latest MGM Resorts International takeover offer

Adam Morgan

January 4, 2021

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

Shareholders for prominent iGaming and sportsbook operator Entain have reportedly rebuffed a takeover offer from American casino behemoth MGM Resorts International rumored to be worth in the region of $11.1 bil...

Macau operations unit of SJM Holdings to pay eligible employees living subsidies

Sadonna Price

January 4, 2021

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Macau

SJM Holdings Ltd.’s, Macau operations unit, Sociedade de Jogos de Macau SA (SJM) has announced it plans to pay qualifying employees what is being called ‘living subsidies.’ The subsidy will be equal to two mont...

Seoul casinos to remain shuttered until at least January 17

Adam Morgan

January 4, 2021

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

The four foreigner-only casinos located in and around the South Korean capital of Seoul are reportedly set to remain closed for at least another two weeks after local authorities extended a range of strict coro...

Revenue losses caused by ongoing coronavirus pandemic forces Navajo Nation to lay off 1,100-plus workers at casinos in Arizona and New Mexico

Kim M

January 3, 2021

Latest Casino and Gambling News, Tribal Gaming, Casino News, Gaming Industry News, Arizona, Economy/Finance, Labor Relations, New Mexico

In Arizona and New Mexico, more than 1,100 workers at Navajo Nation-operated casinos were temporarily laid off on New Year's Day due to prolonged closures caused by the ongoing coronavirus pandemic. The deci...

Three-year license extension for South Korea’s Kangwon Land Incorporated

Adam Morgan

December 30, 2020

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

The government of South Korea has reportedly granted Kangwon Land Incorporated a three-year license extension so as to allow the company to continue running the nation’s prestigious Kangwon Land Casino until th...

Grand Korea Leisure Company Limited extends casino closures

Adam Morgan

December 29, 2020

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

South Korean casino operator Grand Korea Leisure Company Limited has reportedly extended the temporary coronavirus-related closure of its three Seven Luck Casino-branded venues for another six days until at lea...

China getting tough on foreign casino solicitation

Adam Morgan

December 28, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, China, Gaming Industry News, Economy/Finance, The Players Lounge, Crime

In China and the standing committee of the National People’s Congress has reportedly approved new legislation that is to bring in tough penalties for anyone found guilty of facilitating overseas gambling. Ac...

Nagasaki Prefecture to initiate RFP stage of its casino plan from January 7

Adam Morgan

December 28, 2020

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

In Japan and the government for Nagasaki Prefecture has reportedly announced that it will be launching the request for proposal (RFP) stage of its effort to secure one of the nation’s coming trio of integrated ...

European gambling industry facing coronavirus come-down

Adam Morgan

December 22, 2020

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

The European Gaming and Betting Association (EGBA) has announced that it expects aggregated European gambling revenues for 2020 to have dropped by about 23% year-on-year to approximately €75.9 billon ($92.8 bil...

Betting and Gaming Council issues ‘black market’ warning

Adam Morgan

December 21, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Taxes, United Kingdom

In the United Kingdom and the Betting and Gaming Council lobby group has warned the government about the potential danger of unintentionally driving iGaming aficionados into the clutches of unregulated operator...

Japan publishes final segment of ‘Basic Policy’ casino criteria document

Adam Morgan

December 21, 2020

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

In Japan and the coalition government of Prime Minister Yoshihide Suga (pictured) has reportedly published the concluding segment of its definitive criteria for those jurisdictions hoping to win the right to ho...

Integrated casino resort proposal in the works for Hawaii

Adam Morgan

December 17, 2020

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

Legislators in the American state of Hawaii may soon be presented with the chance to legalize commercial gambling via a measure that could see a new integrated casino resort developed for the small Oahu city of...

Coronavirus closures for five-strong chain of C2 properties in Cyprus

Adam Morgan

December 17, 2020

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

In Cyprus and casino operator Melco International Development Limited has reportedly been forced to temporarily shutter its five-strong chain of Cyprus Casinos (C2) ‘satellite’ venues for the remainder of the y...

Crown Sydney set to debut some non-gaming amenities from December 28

Adam Morgan

December 16, 2020

Latest Casino and Gambling News, Australia, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Fines, Lawsuits & Litigation

In Australia and local casino operator Crown Resorts Limited has reportedly been granted an interim liquor license that will allow it to commence some non-gaming services at its new Crown Sydney development fro...

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Macau casinos benefitting from mass-market business

Entain shareholders reject latest MGM Resorts International takeover offer

Macau operations unit of SJM Holdings to pay eligible employees living subsidies

Revenue losses caused by ongoing coronavirus pandemic forces Navajo Nation to lay off 1,100-plus workers at casinos in Arizona and New Mexico

China getting tough on foreign casino solicitation

Nagasaki Prefecture to initiate RFP stage of its casino plan from January 7

European gambling industry facing coronavirus come-down

Betting and Gaming Council issues ‘black market’ warning

Japan publishes final segment of ‘Basic Policy’ casino criteria document

Integrated casino resort proposal in the works for Hawaii

Coronavirus closures for five-strong chain of C2 properties in Cyprus

Crown Sydney set to debut some non-gaming amenities from December 28

Senators Push MLB for Answers Amid Clase–Ortiz Pitch-Fix Allegations

DigiPlus Moves Toward Majority Control of IEC and New Coast Manila

FanDuel and DraftKings Split From AGA to Advance Prediction Markets

India’s Real-Money Gaming Collapse Deepens Amid Regulatory Standstill

Illinois Sees Significant Betting Decline After New Tax Takes Effect