Economy/Finance | World Casino News

Macau casino operators excluded from coming economic stimulus package

April 9, 2020

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

Despite recording an almost 80% drop year-on-year in aggregated gross gaming revenues for March and the operators behind the 39 commercial casinos in Macau are reportedly set to be excluded from a coming $1.7 b...

Credit facility move for Asian casino operator Wynn Macau Limited

Adam Morgan

April 8, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited has reportedly drawn some $50 million from a revolving $74 million credit facility in an attempt to counter the ongoing financi...

Financial troubles continue for firm behind Macau’s The 13 hotel

Adam Morgan

April 7, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

In Macau and one of the companies behind the luxury The 13 hotel has reportedly applied for a ‘standstill’ order so as to prevent its bank from calling in a loan worth just over $319.9 million and potentially l...

Singapore casinos fall victim to temporary coronavirus closure orders

Adam Morgan

April 6, 2020

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

The government of Singapore has reportedly ordered the city-state’s two giant integrated casino resorts to close for a month as it steps up efforts to combat a coronavirus pandemic that is so far thought to hav...

California tribal casinos facing potentially ‘crippling’ re-opening costs

Adam Morgan

April 6, 2020

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

2

Many of the tribal casinos in California recently closed as part of the state’s campaign to help stop the spread of the potentially-deadly coronavirus pandemic could be seriously wounded should they not be allo...

Paradise Company Limited records a discouraging March

Adam Morgan

April 3, 2020

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

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for March showing that aggregated gross gaming revenues had decreased by over 60% year-on-year to stand at s...

Optimistic update on proposed Wisconsin tribal casino

Adam Morgan

April 2, 2020

Casino proposals, Casino News, Latest Casino and Gambling News, Tribal Gaming, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Wisconsin

A representative for the Ho-Chunk Nation of Wisconsin has reportedly declared that the tribe can ‘see the finish line’ regarding federal approval for its plan to build a large 300-room casino resort on the outs...

Las Vegas Sands Corporation rewards boss Sheldon Adelson

Adam Morgan

April 2, 2020

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

The billionaire boss of American casino operator Las Vegas Sands Corporation reportedly took home some 62.4% of the almost $39.6 million the firm recently handed out to its top five executives. According to ...

Macau records discouraging March casino revenues tally

Adam Morgan

April 1, 2020

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

Last month reportedly saw the 39 casinos in Macau record an almost 80% drop year-on-year in aggregated gross gaming revenues to slightly over $658.31 million due in large part to the ongoing impact of the coron...

Coronavirus concern prompts temporary closure of Vietnamese casinos

Adam Morgan

April 1, 2020

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

The threat of the ongoing coronavirus pandemic has reportedly prompted the government of Vietnam to institute a range of social distancing measures and order every one of its casinos to temporarily shut. Acc...

MGM Resorts International executives increase their shareholdings

Adam Morgan

April 1, 2020

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

Some of the most prominent executives for MGM Resorts International are reportedly thought to have collectively spent over $10.3 million since Monday so as to purchase in excess of 900,000 shares in the America...

Shuttered Greektown Casino-Hotel opening its doors to first responders

Adam Morgan

March 31, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Michigan

In Michigan and the 400-room Greektown Casino-Hotel has reportedly opened its doors for free to local police officers, firefighters and emergency medical technicians who may be worried about the ongoing coronav...

Penn National Gaming Incorporated initiates coronavirus-related lay-offs

Adam Morgan

March 31, 2020

Casino Sales, Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Labor Relations

American regional casino operator Penn National Gaming Incorporated is reportedly set to lay off almost its entire workforce of approximately 26,000 people from tomorrow in an attempt to safeguard its long-term...

Wynn Macau Limited decides to forego annual dividend payment

Adam Morgan

March 31, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited has reportedly announced that its board has decided not to pay investors a final dividend on its 2019 financial performance. ...

BonusFinder.com warning against overly-restrictive iGaming regulations

Adam Morgan

March 30, 2020

Sweden, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Poker, Poker, The Players Lounge, Online Gambling News, Germany

Online casino affiliate website BonusFinder.com has announced that almost a third of Swedish players are shunning their domestic industry’s restrictive regulations by going in search of iGaming entertainment vi...

Please confirm that you are not a robot.

Top Online Casinos in United States

Top Online Bingo in United States

Top Online Poker in United States

Top Online Sportbooks in United States

Macau casino operators excluded from coming economic stimulus package

Credit facility move for Asian casino operator Wynn Macau Limited

Financial troubles continue for firm behind Macau’s The 13 hotel

Singapore casinos fall victim to temporary coronavirus closure orders

California tribal casinos facing potentially ‘crippling’ re-opening costs

Paradise Company Limited records a discouraging March

Optimistic update on proposed Wisconsin tribal casino

Las Vegas Sands Corporation rewards boss Sheldon Adelson

Macau records discouraging March casino revenues tally

Coronavirus concern prompts temporary closure of Vietnamese casinos

MGM Resorts International executives increase their shareholdings

Shuttered Greektown Casino-Hotel opening its doors to first responders

Penn National Gaming Incorporated initiates coronavirus-related lay-offs

Wynn Macau Limited decides to forego annual dividend payment

BonusFinder.com warning against overly-restrictive iGaming regulations

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

Tropicana to Launch Solana Tower Revamp with 604 Coastal-Themed Rooms

Unibet Fined $1 Million for Failing to Close Accounts of Self-Excluded Gamblers