Economy/Finance | World Casino News

Wynn Resorts Limited closes Japanese office in Yokohama

August 4, 2020

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

American casino operator Wynn Resorts Limited has reportedly closed its office in the Japanese city of Yokohama as part of an ongoing reassessment of its global operations brought about by the coronavirus pande...

Imperial Pacific International Holdings Limited executives indicted in Saipan

Adam Morgan

August 4, 2020

Casino News, Latest Casino and Gambling News, U.S.A., Casino project updates, Gaming Industry News, Money Laundering, Economy/Finance, Saipan, Conspiracy, Crime, Fines, Lawsuits & Litigation

In the Commonwealth of the Northern Mariana Islands and two executives for the firm behind the under-construction Imperial Palace Saipan have reportedly been indicted on federal charges concerning allegations t...

Five Caesars Entertainment executives set to receive pay raises while employees are laid off or furloughed

Sadonna Price

August 3, 2020

Latest Casino and Gambling News, Economy/Finance

As the casino industry tries to deal with the coronavirus pandemic, employees continue to be laid off or furloughed. Top companies like Caesars Entertainment have been forced to let go of employees due to casin...

MGM China Holdings Limited details dire second-quarter financials

Adam Morgan

July 31, 2020

Casino News, Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Economy/Finance, Macau, Sports betting, Online Gambling News

The MGM China Holdings Limited subsidiary of American casino operator MGM Resorts International has reportedly released its second-quarter financial results showing that its net revenues tumbled by 95% year-on-...

Minority stake for MGM Resorts International in planned Osaka casino project

Adam Morgan

July 31, 2020

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

The newly-installed boss for American casino operator MGM Resorts International has reportedly revealed that his company will hold a minority stake in the gambling-friendly development it is working to bring to...

Metropolitan Manila casinos to remain shuttered until at least August 15

Adam Morgan

July 31, 2020

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

Casinos and other gambling establishments in metropolitan Manila are reportedly set to remain shuttered until at least August 15 after the federal government extended the giant conurbation’s ‘general community ...

Colorado group looking to do away with current casino betting limits

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Colorado, Online Gambling News, Sports betting

In the western American state of Colorado and a group of gambling proponents has reportedly launched a campaign that is seeking to do away with the jurisdiction’s current $100 maximum betting limit. Accordin...

Kazuo Okada loses appeal against effective board exclusion

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Japan, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In Japan and a district court has reportedly rejected an appeal from Kazuo Okada (pictured) that is effectively set to keep the embattled former casino magnate from ever again gaining a seat on the board at Uni...

MGM Resorts International appoints Bill Hornbuckle full-time boss

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers

American casino operator, MGM Resorts International, has announced that it has named long-time company executive Bill Hornbuckle (pictured) to serve as its latest official President and Chief Executive Officer....

Late-summer opening plans for Russia’s coming Shambala Casino

Adam Morgan

July 30, 2020

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

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that the first phase of the coming Shambala Casino is scheduled to open later ‘this summer’ following over tw...

Federal judge sides with tribes in clash over Oklahoma gaming compacts

Adam Morgan

July 29, 2020

Gaming Law & Legislation, Tribal Gaming, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Mergers, Acquisitions & Partnerships, Oklahoma

In Oklahoma and a federal judge has reportedly brought the long-running dispute over gaming compacts to an end by ruling that deals the state inked with its many casino-operating tribes some 15 years ago are to...

PAGCor records first-half deficit owing to coronavirus-related closures

Adam Morgan

July 29, 2020

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

The Philippine Amusement and Gaming Corporation (PAGCor) has reportedly recorded a first-half net deficit of approximately $32.5 million largely due to the nation’s coronavirus-related closure of its gaming fac...

Tropicana Las Vegas possibly due to be put up for sale

Adam Morgan

July 29, 2020

Casino Sales, Las Vegas, Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

Less than four months after buying the Tropicana Las Vegas and American casino firm Gaming and Leisure Properties Incorporated is now reportedly looking to put the historic Las Vegas Strip venue up for sale. ...

Hong Kong court refuses to freeze local assets of Kazuo Okada

Adam Morgan

July 28, 2020

Latest Casino and Gambling News, Hong Kong, Gaming Industry News, Economy/Finance, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In Hong Kong and a High Court judge has reportedly refused to grant an injunction that would have prevented former Japanese casino magnate Kazuo Okada (pictured) from being able to offload any of his local fina...

Second-quarter employee redundancies for Macau junket firms

Adam Morgan

July 28, 2020

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

In Macau and the number of people employed by the enclave’s many casino junket operators reportedly dropped by around 5,200 during the three months to the end of June to approximately 82,300. According to a ...

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Wynn Resorts Limited closes Japanese office in Yokohama

Imperial Pacific International Holdings Limited executives indicted in Saipan

Five Caesars Entertainment executives set to receive pay raises while employees are laid off or furloughed

MGM China Holdings Limited details dire second-quarter financials

Minority stake for MGM Resorts International in planned Osaka casino project

Metropolitan Manila casinos to remain shuttered until at least August 15

Colorado group looking to do away with current casino betting limits

Kazuo Okada loses appeal against effective board exclusion

MGM Resorts International appoints Bill Hornbuckle full-time boss

Late-summer opening plans for Russia’s coming Shambala Casino

Federal judge sides with tribes in clash over Oklahoma gaming compacts

PAGCor records first-half deficit owing to coronavirus-related closures

Tropicana Las Vegas possibly due to be put up for sale

Hong Kong court refuses to freeze local assets of Kazuo Okada

Second-quarter employee redundancies for Macau junket firms

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