Economy/Finance | World Casino News

Investigation could hurt VIP business at Marina Bay Sands

June 8, 2020

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

A leading investment bank has reportedly warned that the recently-launched probe looking into whether Singapore’s Marina Bay Sands may have breached anti-money laundering procedures could end up costing the ico...

Las Vegas Sands Corporation facing Marina Bay Sands probe

Adam Morgan

June 5, 2020

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

American casino operator Las Vegas Sands Corporation is reportedly facing an official federal probe into whether its Marina Bay Sands venue in Singapore breached anti-money laundering regulations. According ...

Uncertain future for the envisioned The Drew Las Vegas

Adam Morgan

June 4, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships

The plan to open The Drew Las Vegas as the newest casino resort in southern Nevada by the summer of 2022 could be in danger after the project’s main developer reportedly defaulted on some of its debt obligation...

Paradise Company Limited records depressed May gaming revenues

Adam Morgan

June 4, 2020

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for May showing that it had experienced a 51.2% year-on-year decrease in aggregated gaming revenues to just ov...

California sportsbetting legalization campaign takes a small step forward

Adam Morgan

June 3, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Gaming Industry News, Economy/Finance, Mobile gaming, California, Horse Racing, Sports betting, Online Gambling News, Taxation, Mergers, Acquisitions & Partnerships

A sub-committee of the California State Senate reportedly passed a controversial piece of legislation last week that could see the local electorate given the chance via a forthcoming November referendum to lega...

Atlantic City casino assistance legislation passes its first hurdle

Adam Morgan

June 3, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, New Jersey

The budget committee for the New Jersey General Assembly has reportedly approved two pieces of proposed legislation that have been crafted to assist the nine casinos in Atlantic City in surviving their ongoing ...

Hong Kong extends coronavirus-related travel restrictions until July 7

Adam Morgan

June 3, 2020

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

The government of Hong Kong has reportedly announced that it will be extending its current raft of coronavirus-related border controls until at least July 7 after recording six new local cases of the potentiall...

Legal attempt to stop Rhode Island sportsbetting services shot down

Adam Morgan

June 2, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation, Rhode Island

In Rhode Island and a local psychiatrist has reportedly failed in an attempt to get the eastern American state’s successful land-based and mobile sportsbetting services declared as unconstitutional. Accordin...

France begins re-opening casinos following eleven-week shutdown

Adam Morgan

June 2, 2020

Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, European Casino News, France

France has reportedly become the latest European nation to begin allowing its casinos to re-open following an eleven-week shutdown at the hands of the coronavirus pandemic. According to a report from iGaming...

Bloomberry Resorts Corporation subject of second Bangladesh Bank lawsuit

Adam Morgan

June 2, 2020

Latest Casino and Gambling News, U.S.A., Hacking, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Philippines

In the United States and the national bank of Bangladesh has reportedly filed a civil complaint against 17 entities including casino operator Bloomberry Resorts Corporation concerning the 2016 theft from its co...

The Star Sydney agrees new 20-year tax regime with EGM exclusivity

Adam Morgan

June 1, 2020

Australia, Casino News, Latest Casino and Gambling News, Casino openings, Gaming Industry News, Economy/Finance, Taxation

In Australia and local casino operator The Star Entertainment Group Limited has announced the signing of a 20-year arrangement that is to see its The Star Sydney venue pay a flat 29% tax on all revenues from it...

Nevada casino market chalks up record low win for April of just $3.6 million

Adam Morgan

June 1, 2020

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

The 442 commercial casinos in Nevada reportedly saw their aggregate win for April decline by 99.6% year-on-year to just $3.6 million as a direct result of being shuttered in order to help counter the coronaviru...

The Betting and Gaming Council hopeful of continuing government support

Adam Morgan

June 1, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Sports betting, United Kingdom

In the United Kingdom and The Betting and Gaming Council has called on the Chancellor of the Exchequer, Rishi Sunak (pictured), ‘to keep being flexible’ in his support for the nation’s regulated betting and gam...

Recovery in Macau aggregated gross gaming revenues remains elusive

Adam Morgan

June 1, 2020

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

Travel restrictions implemented to help stop the spread of coronavirus were reportedly largely to blame as Macau recorded a 93.2% year-on-year decrease in aggregated gross gaming revenues for last month to just...

Ohio sportsbetting legalization one step closer to becoming a reality

Adam Morgan

May 29, 2020

Bingo, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Ohio

The Ohio House of Representatives reportedly overwhelmingly passed proposed legislation yesterday that could soon see the Midwestern state become the latest to legalize online and land-based sportsbetting. A...

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Investigation could hurt VIP business at Marina Bay Sands

Las Vegas Sands Corporation facing Marina Bay Sands probe

Uncertain future for the envisioned The Drew Las Vegas

Paradise Company Limited records depressed May gaming revenues

California sportsbetting legalization campaign takes a small step forward

Atlantic City casino assistance legislation passes its first hurdle

Legal attempt to stop Rhode Island sportsbetting services shot down

Bloomberry Resorts Corporation subject of second Bangladesh Bank lawsuit

The Star Sydney agrees new 20-year tax regime with EGM exclusivity

Nevada casino market chalks up record low win for April of just $3.6 million

The Betting and Gaming Council hopeful of continuing government support

Recovery in Macau aggregated gross gaming revenues remains elusive

Ohio sportsbetting legalization one step closer to becoming a reality

Michigan Online Gambling Revenue Slips Slightly in April

Flamingo Las Vegas Debuts $20M Go Pool Redesign for Adults-Only Summer Fun

Unregulated AI Use in Gambling Sector Prompts Urgent Ethical Warnings

Merkur Secures Nevada License, to Acquire Gaming Arts in Q3 2025

Dutch Gambling Regulator to Intensify Sports Sponsorship Crackdown