Economy/Finance | World Casino News

Developer offloading 50% stake in New York’s Del Lago Resort and Casino

August 19, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, New York

Local New York firm, Wilmorite Properties Incorporated, has reportedly announced that it is selling its 50% stake in the Del Lago Resort and Casino to fellow property developer Peninsula Pacific LLC. Accordi...

Encore Boston Harbor easily leads Commonwealth; $49 million first-month haul more than double Springfield GGR

K Morrison

August 16, 2019

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

With first-week figures coming out last month and the gambling landscape on the East Coast becoming increasingly competitive, it's not surprising that Encore Boston Harbor, Wynn Resorts Ltd's glistening, new fi...

July win increases for casinos in Atlantic City along with year-to-date totals

Sadonna Price

August 15, 2019

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

The New Jersey Division of Gaming Enforcement has released the July revenue totals for casinos in Atlantic City, which shows the area not only saw an increase for the month, but also during the first seven mont...

Wynn Resorts Limited hoping to ease Macau hotel pressure

Adam Morgan

August 7, 2019

Casino News, Latest Casino and Gambling News, New Hotels, Casino expansion projects, Economy/Finance, Macau

Almost a month after unveiling the final designs for a planned $2 billion expansion of its Wynn Macau property and casino operator, Wynn Resorts Limited, has reportedly announced that it hopes this scheme will ...

Genting Hong Kong Limited selling significant stake in its Dream Cruises brand

Adam Morgan

August 7, 2019

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

Asian cruise ship operator, Genting Hong Kong Limited, has reportedly announced the signing of a deal that is to see it sell up to a 35% stake in its Dream Cruises brand to an entity controlled by private equit...

Suncity Group Holdings Limited refutes Australian investigation rumors

Adam Morgan

August 7, 2019

Australia, Latest Casino and Gambling News, Gaming Industry News, Money Laundering, Economy/Finance, Crime

Asian casino firm, Suncity Group Holdings Limited, has reportedly released an official statement to refute recent claims that it is being investigated by authorities in Australia over alleged links between its ...

Paradise Company Limited records mixed July financial results

Adam Morgan

August 6, 2019

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for July showing that it experienced a 19.1% increase year-on-year in aggregated gross gaming revenues to ap...

The 13 planning to offload controlling stake as casino plan is abandoned

Adam Morgan

August 6, 2019

Casino proposals, Casino News, Latest Casino and Gambling News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and the firm behind the $1.6 billion, The 13 hotel, has reportedly announced the signing of an agreement that could eventually see it offload a 60% stake in the luxury venue in exchange for a considera...

Brokerages predict disappointing August for Macau casinos

Adam Morgan

August 6, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The local branches of two prominent brokerage firms have reportedly predicted that August aggregated gross gaming revenues from the over 35 casinos in Macau will be below where they were for the same month last...

Australian officials initiate investigation into casino junket operators

Adam Morgan

August 5, 2019

Latest Casino and Gambling News, Australia, Gaming Industry News, Money Laundering, Economy/Finance, Crime

In Australia and law enforcement officials have reportedly launched a special investigation into whether overseas junket operators may be aiding Chinese organized crime syndicates by using the nation’s casinos ...

Genting Singapore Limited second-quarter results draw analyst concern

Adam Morgan

August 5, 2019

Latest Casino and Gambling News, Economy/Finance, Taxation, Singapore

A trio of brokerages has reportedly expressed unease over a recent revelation from Asian casino operator, Genting Singapore Limited, that its second-quarter net profit had dropped by some 5.2% year-on-year to a...

MGM Resorts decides to raise resort fees at Las Vegas Strip properties

Sadonna Price

August 5, 2019

Las Vegas, Latest Casino and Gambling News, Economy/Finance, Nevada

Resort Fees increased at the Bellagio, Vdara and Aria on August 1st, after MGM Resorts decided to increase the fees to $45 per day. These fees are known by many names, from facilities fees to amenities fees and...

New advertising rules for the United Kingdom’s gambling industry

Adam Morgan

August 2, 2019

Bingo, Greyhound Racing, Gaming Law & Legislation, Horse Racing, Latest Casino and Gambling News, Economy/Finance, Lottery, The Players Lounge, Sports betting, Online Gambling News, United Kingdom

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The latest edition of The Ashes biennial test cricket series between England and Australia kicked off on Thursday morning and for the first time in some twelve years fans watching all of the action on televisio...

Gaming machine revenues benefit Konami Holdings Corporation

Adam Morgan

August 2, 2019

Latest Casino and Gambling News, Economy/Finance, Game manufacturers, Japan

Japanese conglomerate, Konami Holdings Corporation, has reportedly released its financial results for the three month to the end of June showing that revenues from its pachinko and gaming machine divisions had ...

Big-name backing for new Fantasy Life sports community app

Adam Morgan

August 2, 2019

Latest Casino and Gambling News, U.S.A., Technology, Mobile gaming, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Fantasy Sports, Mergers, Acquisitions & Partnerships

The backers of the new Fantasy Life mobile fantasy sports community app have announced that they have entered a second stage of start-up financing after managing to attract 16 investors that include some of the...

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Developer offloading 50% stake in New York’s Del Lago Resort and Casino

Encore Boston Harbor easily leads Commonwealth; $49 million first-month haul more than double Springfield GGR

July win increases for casinos in Atlantic City along with year-to-date totals

Wynn Resorts Limited hoping to ease Macau hotel pressure

Genting Hong Kong Limited selling significant stake in its Dream Cruises brand

Suncity Group Holdings Limited refutes Australian investigation rumors

Paradise Company Limited records mixed July financial results

The 13 planning to offload controlling stake as casino plan is abandoned

Brokerages predict disappointing August for Macau casinos

Australian officials initiate investigation into casino junket operators

Genting Singapore Limited second-quarter results draw analyst concern

MGM Resorts decides to raise resort fees at Las Vegas Strip properties

New advertising rules for the United Kingdom’s gambling industry

Gaming machine revenues benefit Konami Holdings Corporation

Big-name backing for new Fantasy Life sports community app

Real Dealer Studios Releases Revolutionary Volcano Roulette

Inspired Partners with ComeOn Group to Launch Virtual Sports in the Nordics

Democratic Alliance Submits New Bill to Regulate Online Gambling in South Africa

Ukraine Bans Military from Gambling, Requests Online Game Stores and Accounts Blocked

Canadian Regulatory Body Fights Against Competitive Manipulation, Porter Case Sets an Example