Economy/Finance | World Casino News

Paradise City re-opening following coronavirus scare

September 9, 2020

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

South Korean casino operator Paradise Company Limited has reportedly announced that the gambling hall and hotel within its giant Paradise City development are set to re-open after being temporarily closed last ...

Solaire Resort and Casino launching new ‘phasing plan’ re-opening program

Adam Morgan

September 8, 2020

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

In the Philippines and the re-opening Solaire Resort and Casino has reportedly detailed the launch of a ‘phasing plan’ that should allow it to gradually increase capacity via the implementation of new safety an...

Greektown Casino-Hotel in Detroit to lay off 43 union employees from Sept. 28 due to COVID-19 pandemic

Kim M

September 8, 2020

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

A week after rival MGM Grand Detroit laid off some 1,100 employees, and Greektown Casino-Hotel now says 43 workers will be laid off due to lost revenues resulting from the coronavirus pandemic. In a statemen...

Macau casinos see light at the end of the coronavirus tunnel

Adam Morgan

September 8, 2020

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

The 39 casinos in Macau could have reportedly begun to emerge from their very long coronavirus-induced downturn after recently recording a significant improvement in aggregated average daily rate to approximate...

Coronavirus consequences for Paradise Company Limited

Adam Morgan

September 8, 2020

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

South Korean casino operator Paradise Company Limited has reportedly announced that its aggregated gaming revenues for August plummeted by 75% year-on-year to just over $14.55 million owing to a slump in visita...

Crown Resorts Limited enquiry hears from Jason O’Connor

Adam Morgan

September 8, 2020

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

In Australia and an official enquiry looking into the license suitability of Crown Resorts Limited has reportedly taken evidence from one of the firm’s employees that was arrested by Chinese authorities in 2016...

Japan looks likely to maintain integrated casino resort commitment

Adam Morgan

September 7, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Japan

In Japan and the man being widely tipped to replace outgoing Prime Minister Shinzo Abe has reportedly announced that he remains committed to licensing the Asian nation’s inaugural trio of integrated casino reso...

Macau gaming regulator refutes lottery legalization rumors

Adam Morgan

September 7, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Macau, Sports betting

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly poured cold water on speculation that it may be about to launch a lottery similar to the Mark Six service already offered to p...

FanDuel Sportsbook app debuts in Iowa via Boyd Gaming Corporation alliance

Adam Morgan

September 5, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Iowa

Prominent online sportsbook operator FanDuel Group has announced that its mobile-friendly online sports betting app has gone live for aficionados in the American state of Iowa courtesy of an alliance with casin...

New York tribe taking first steps towards realizing its casino ambition

Adam Morgan

September 4, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Mergers, Acquisitions & Partnerships, New York

In New York and the Shinnecock Indian Nation has reportedly inked an agreement with American casino operator Hard Rock International that could one day see it bring a gambling-friendly facility to the southeast...

Betfred loses out on Phumelela Gaming and Leisure Limited purchase

Adam Morgan

September 4, 2020

Latest Casino and Gambling News, South Africa, Horse Racing, Gaming Industry News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom

South African horseracing and tote betting operator Phumelela Gaming and Leisure Limited has reportedly turned down a rescue deal that was to have seen giant British bookmaker Betfred purchase its entire busine...

New York Gov. to allow commercial casinos to reopen at 25% capacity from Sept. 9

Kim M

September 4, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Labor Relations, New York

Four days after saying that he’d make a decision this week on commercial casinos, New York Gov. Andrew Cuomo made good on his promise, announcing Thursday the state's nontribal casinos and video lottery termina...

Kangwon Land Casino again postpones planned full re-opening

Adam Morgan

September 4, 2020

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

In South Korea and the operator behind Kangwon Land Casino has reportedly announced that the facility has again postponed its planned full re-opening by a further two weeks following a recent spike in local cor...

Pennsylvania awards sixth satellite casino license

Adam Morgan

September 3, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Pennsylvania

In Pennsylvania and local businessman Ira Lubert (pictured) has reportedly won the auction for the eastern state’s sixth satellite casino license after bidding slightly over the required $10 million minimum ask...

Serious scepticism for coming Resorts World Las Vegas

Adam Morgan

September 3, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Industry News, Casino project updates, Economy/Finance

A leading investment bank has reportedly announced that it is ‘unsure’ regarding the future prospects of success for the $4.3 billion Resorts World Las Vegas facility prominent casino operator Genting Malaysia ...

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Paradise City re-opening following coronavirus scare

Greektown Casino-Hotel in Detroit to lay off 43 union employees from Sept. 28 due to COVID-19 pandemic

Macau casinos see light at the end of the coronavirus tunnel

Coronavirus consequences for Paradise Company Limited

Crown Resorts Limited enquiry hears from Jason O’Connor

Japan looks likely to maintain integrated casino resort commitment

Macau gaming regulator refutes lottery legalization rumors

FanDuel Sportsbook app debuts in Iowa via Boyd Gaming Corporation alliance

New York tribe taking first steps towards realizing its casino ambition

Betfred loses out on Phumelela Gaming and Leisure Limited purchase

New York Gov. to allow commercial casinos to reopen at 25% capacity from Sept. 9

Kangwon Land Casino again postpones planned full re-opening

Pennsylvania awards sixth satellite casino license

Serious scepticism for coming Resorts World Las Vegas

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

IEC Nears Completion of New Coast Hotel Manila Overhaul, Launches Junket Ops