Economy/Finance | World Casino News

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

October 15, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket behemoth Suncity Group Holdings Limited has reportedly announced the completion of a deal that has seen it pay approximately $160 million in order to acquire a further 41.69% stake in Russian casin...

Long road to full recovery predicted for Las Vegas Strip casinos

Adam Morgan

October 15, 2020

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Gaming Industry News, Economy/Finance

Prominent credit ratings agency Fitch Ratings has reportedly announced that it may take up to four years for casinos located along the Las Vegas Strip to see their business levels return to pre-pandemic levels....

Mohegan Gaming and Entertainment granted Inspire Athens consent

Adam Morgan

October 14, 2020

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

In Greece and a consortium being led by Mohegan Gaming and Entertainment has reportedly cleared the last major hurdle in its plan to bring a large integrated casino resort to a 1,532-acre parcel of seaside land...

Yokohama launches second RFC round for potential casino partners

Adam Morgan

October 14, 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 city of Yokohama has reportedly launched a second request for concept (RFC) round attached to its effort at securing the rights to host one of the nation’s coming trio of integrated casino reso...

Shambala Casino to conduct grand opening on Friday

Adam Morgan

October 14, 2020

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

In Russia and the first phase of the $45 million Shambala Casino from local concern Shambala CJSC is reportedly set to fully open on Friday complete with a restaurant, a theater, a pair of fast-food venues and ...

China considering new penalties against foreign casino solicitation

Adam Morgan

October 13, 2020

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

In China and federal legislators are reportedly considering a number of measures that would bring in stiffer penalties for any firms or individuals found guilty of soliciting citizens into gambling overseas. ...

Twin River Worldwide Holdings Incorporated to rebrand under the Bally’s name

Adam Morgan

October 13, 2020

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

Hard on the heels of completing its $25 million purchase of Bally’s Atlantic City and American casino operator Twin River Worldwide Holdings Incorporated is reportedly set to change its corporate identity to be...

Tipico Company Limited to bring online sportsbetting to Colorado

Adam Morgan

October 13, 2020

Latest Casino and Gambling News, U.S.A., Online gambling regulation, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Colorado, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing

American casino operator Century Casinos Incorporated has announced the signing of an agreement that is to see iGaming firm Tipico Company Limited launch an online sportsbetting service for punters in Colorado....

Meagre early-October success for Macau casinos

Adam Morgan

October 13, 2020

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

The first eleven days of October reportedly saw the 39 casinos in Macau record average daily aggregated gross gaming revenues that were some 221% higher month-on-month at approximately $30 million. According...

Betting and Gaming Council criticizes Liverpool lockdown

Adam Morgan

October 12, 2020

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

In the United Kingdom and the Betting and Gaming Council has declared that it is unhappy with today’s decision from Prime Minister Boris Johnson (pictured) to temporarily close all casinos and retail betting sh...

GVC Holdings brands awarded German online sportsbetting licenses

Adam Morgan

October 12, 2020

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

British iGaming and sportsbook operator GVC Holdings has announced that four of its biggest brands have been awarded with licenses to operate online sportsbetting in the regulating German market. The London-...

Coronavirus repercussions for Sega Sammy Creation Incorporated

Adam Morgan

October 12, 2020

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Game manufacturers, Economy/Finance, Japan, Asian Casino News, Macau, Philippines, Vietnam

Japanese gaming conglomerate Sega Sammy Holdings Incorporated has reportedly announced that its Sega Sammy Creation Incorporated subordinate has recorded a loss of approximately $14.8 million for its most recen...

Philippines iGaming operators considering Isle of Man move

Adam Morgan

October 12, 2020

Isle of man, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Asian Casino News, Sports betting, Licensing, Taxes, Philippines

Prominent professional services firm Affinity Group Limited has reportedly revealed that it has recently seen a spike in the number of Asia-facing iGaming providers expressing an interest in relocating from the...

Brokerage predicts long road to recovery for Macau casino industry

Adam Morgan

October 9, 2020

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

The Asian branch of financial services giant JP Morgan Securities has reportedly announced that it expects aggregated gross gaming revenues for the 39 casinos in Macau to reach as high as $36.58 billion for the...

Mohegan Gaming and Entertainment lodges official Inspire Athens bid

Adam Morgan

October 9, 2020

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

A consortium being led by Mohegan Gaming and Entertainment has reportedly lodged an official bid worth €150 million ($177 million) for the license to build and operate an integrated casino resort near the Greek...

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Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Long road to full recovery predicted for Las Vegas Strip casinos

Mohegan Gaming and Entertainment granted Inspire Athens consent

Yokohama launches second RFC round for potential casino partners

Shambala Casino to conduct grand opening on Friday

China considering new penalties against foreign casino solicitation

Twin River Worldwide Holdings Incorporated to rebrand under the Bally’s name

Tipico Company Limited to bring online sportsbetting to Colorado

Meagre early-October success for Macau casinos

Betting and Gaming Council criticizes Liverpool lockdown

GVC Holdings brands awarded German online sportsbetting licenses

Coronavirus repercussions for Sega Sammy Creation Incorporated

Philippines iGaming operators considering Isle of Man move

Brokerage predicts long road to recovery for Macau casino industry

Mohegan Gaming and Entertainment lodges official Inspire Athens bid

ECL Gaming Rebrands Irene’s Casino in Pharump; Celebrates Grand Opening of Jackpot Joanie’s

Las Vegas Sands Sees “Unprecedented” Singapore Gains, Refocuses on Macau Growth

Crown Perth Mandatory Carded Play In Effect from Dec 1

Clovis Racino Plan Advances as NMRC Backs SunRay License Transfer in New Mexico

Ossi “Monarch” Ketola’s X Suspension Shakes Up the Poker and Gambling Worlds