Economy/Finance

Gaming Industry News

Economy/Finance

Economy/Finance

Mohegan Sun to conclude furlough program from Sept. 30: possibly 1000 workers to be affected

August 14, 2020

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

After its partial reopening on June 1st, Mohegan Sun has now announced that it will lay off an undetermined number of employees "as a result of the impact of COVID-19." The giant Connecticut casino agreed to...

The Betting and Gaming Council welcomes England casino re-opening decision

August 14, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, United Kingdom

In the United Kingdom and The Betting and Gaming Council has welcomed a ‘belated’ government decision that is to allow every one of the 110 land-based casinos in England to re-open from tomorrow morning. The...

AGA premieres new Commercial Gaming Revenue Tracker service

August 14, 2020

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

In an effort to provide value to its members as they endeavor to get back on track following the coronavirus pandemic and the American Gaming Association (AGA) has announced the launch of its new Commercial Gam...

National Revenue Agency put in charge of regulating Bulgarian gambling

August 13, 2020

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, Bulgaria, Gaming Industry News, Economy/Finance, Lottery, Tax Evasion, Sports betting, Online Gambling News, Crime, Licensing, Taxes

In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commiss...

William Hill primed to acquire American rival CG Technology

August 13, 2020

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

British bookmaker William Hill is reportedly poised to increase its already large presence in the American sportsbetting market after receiving unanimous permission from the Nevada Gaming Control Board yesterda...

Lacklustre performance for re-opening Atlantic City casinos

August 13, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, New Jersey

In their first month back since being closed from March 16 due to the coronavirus pandemic and the nine casinos in Atlantic City reportedly recorded a decrease of 23% year-on-year in aggregated gross gaming rev...

Dire second-quarter financials for Galaxy Entertainment Group Limited

August 13, 2020

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

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its second-quarter financial results showing that it experienced a loss of approximately $176.77 million as its overall net reven...

Ukrainian President signs legislation legalizing land-based and online gambling

August 12, 2020

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Licenses, Sports betting, Online Gambling News, Taxation, Ukraine

In Ukraine and President Volodymyr Zelensky (pictured) has reportedly added his signature to a piece of legislation to officially legalize a wide range of gambling activities including those conducted online an...

Coronavirus fears prompt temporarily closure of SkyCity Auckland

August 12, 2020

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

In New Zealand and local casino operator SkyCity Entertainment Group Limited has reportedly been obliged to temporarily shut its SkyCity Auckland facility for a second time this year due to contagion fears surr...

Hollywood Casino Toledo shatters all-time monthly revenue record: Ohio gambling venues beat the odds in July

August 11, 2020

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

In the first full month of operating following their June 19, 2020 reopening, July was a good month for Ohio's four casinos and seven racinos, all things considered. According to the Ohio Casino Control Comm...

MGM Resorts International gets new significant shareholder in IAC

August 11, 2020

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

American media and technology firm Interactive Corporation (IAC) has reportedly spent approximately $1 billion in order to acquire a 12% stake in prominent land-based casino operator MGM Resorts International. ...

The Betting and Gaming Council calls for government assistance

August 11, 2020

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

In the United Kingdom and The Betting and Gaming Council has announced that over 100 of the nation’s casinos could be forever closed unless the government quickly allows them to emerge from their coronavirus-in...

China to begin issuing Macau travel visas from August 26

August 11, 2020

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

Government officials in mainland China have reportedly announced that they are to once again begin allowing residents of Guangdong Province to visit Macau utilizing Individual Visit Scheme (IVS) and group trave...

Century Casinos Incorporated’s coronavirus-tinged financials please backers

August 10, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Casino openings, Canada, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American casino operator Century Casinos Incorporated has reportedly satisfied investors with its second-quarter financial results despite posting a 31% year-on-year drop in net revenues to $31.6 million. Ac...

Oklahoma gaming compact dispute headed to federal court

August 10, 2020

Latest Casino and Gambling News, Tribal Gaming, U.S.A., Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Oklahoma

Four of the largest casino-operating tribes in the American state of Oklahoma have reportedly filed a federal lawsuit that is seeking to invalidate gaming compacts the state’s governor inked with the Comanche N...