Economy/Finance | World Casino News

Melco Resorts and Entertainment Limited abandons Australian pursuit

April 29, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly sold its entire stake in counterpart Crown Resorts Limited to a subordinate of American private equity firm The Blackstone Group In...

Partial advertising moratorium for British gaming and sportsbetting operators

Adam Morgan

April 29, 2020

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

Some of the biggest land-based and online gaming and sportsbetting operators in the United Kingdom have reportedly voluntarily agreed to cease flogging their wares on television and radio for the remainder of t...

Construction begins on second phase of Studio City Macau

Adam Morgan

April 29, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, New Hotels, Gaming Industry News, Economy/Finance, Macau

In Macau and prominent casino operator Melco International Development Limited has reportedly announced that it has begun building the second stage of its giant Studio City Macau venue. According to a report...

Philippines first-quarter gaming income hurt by coronavirus closures

Adam Morgan

April 28, 2020

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

In the Philippines and the closure of casinos due to the coronavirus pandemic reportedly helped to push aggregated first-quarter net income for the nation’s gaming regulator down by almost 50% year-on-year to j...

Amended Virginia casino referendum measure wins legislative consent

Adam Morgan

April 27, 2020

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Taxation, Sports betting, Mergers, Acquisitions & Partnerships

In the southern American state of Virginia and local lawmakers have reportedly approved amended legislation that will soon see the residents of five disparate cities given the right to vote on whether their com...

Twin River Worldwide Holdings Incorporated details trio of casino deals

Adam Morgan

April 27, 2020

Casino Sales, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Louisiana, Nevada, New Jersey

A little over a year after buying three casinos in Colorado and Twin River Worldwide Holdings Incorporated has now announced the signing of deals that are to see it take over gambling-friendly properties in Lou...

Aristocrat Leisure Limited announces coronavirus-related lay-offs

Adam Morgan

April 27, 2020

Australia, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Game manufacturers, Employment & Careers, Online Gambling News

Australian gaming machine innovator Aristocrat Leisure Limited has reportedly blamed ‘softer demand’ due to the ongoing coronavirus pandemic for its decision to furlough approximately one-quarter of its global ...

Treasure Island Las Vegas announces May 15 re-opening target

Adam Morgan

April 24, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Las Vegas, Casino openings, Casino closures, Gaming Industry News, Economy/Finance

In Nevada and the 2,884-room Treasure Island Las Vegas has reportedly announced that it will be re-opening from May 15 even though there has yet to be any official word as to when the western state’s ongoing co...

MGM Resorts International bemoans performance of Macau subordinate

Adam Morgan

April 24, 2020

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

American casino operator MGM Resorts International has reportedly announced that its MGM China Holdings Limited subsidiary expects to record a decline of 63% year-on-year in first-quarter net revenues to approx...

Coronavirus casino closures for Manila extended until May 15

Adam Morgan

April 24, 2020

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

In the Philippines and President Rodrigo Duterte (pictured) has reportedly responded to the ongoing coronavirus pandemic by extending the closure order for all casinos in metropolitan Manila until May 15. Ac...

Nevada casino operators given post-coronavirus re-opening roadmap

Adam Morgan

April 23, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Nevada

The Nevada Gaming Control Board has reportedly announced that casino operators in the western state are to be required to submit detailed re-opening plans for any facility they hope to revive following the end ...

Sands China Limited details coronavirus financial consequences

Adam Morgan

April 23, 2020

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

In Macau and the Sands China Limited subsidiary of American casino giant Las Vegas Sands Corporation has released its unaudited first-quarter financial results showing that it experienced a decline of 65.1% yea...

Oklahoma governor agrees pair of new tribal gaming compacts

Adam Morgan

April 22, 2020

Latest Casino and Gambling News, Tribal Gaming, Casino News, Gaming Industry News, Economy/Finance, Licenses, Taxation, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Oklahoma

In Oklahoma and Governor Kevin Stitt (pictured) has reportedly partially settled his long-running dispute with the state’s casino-operating tribes by inking new gaming compacts with the federally-recognized Com...

Japanese pachinko parlors getting attention for all the wrong reasons

Adam Morgan

April 22, 2020

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

A senior Japanese politician has reportedly announced that the federal government is considering new ways to stop non-essential businesses from trading during the ongoing coronavirus pandemic. According to a...

DraftKings Incorporated agrees $100,000 class-action settlement

Adam Morgan

April 22, 2020

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation

American online sports wagering innovator DraftKings Incorporated has reportedly agreed to settle a class-action lawsuit that had been brought by disgruntled participants in last year’s inaugural Sports Betting...

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Melco Resorts and Entertainment Limited abandons Australian pursuit

Partial advertising moratorium for British gaming and sportsbetting operators

Construction begins on second phase of Studio City Macau

Amended Virginia casino referendum measure wins legislative consent

Twin River Worldwide Holdings Incorporated details trio of casino deals

Aristocrat Leisure Limited announces coronavirus-related lay-offs

Treasure Island Las Vegas announces May 15 re-opening target

MGM Resorts International bemoans performance of Macau subordinate

Coronavirus casino closures for Manila extended until May 15

Nevada casino operators given post-coronavirus re-opening roadmap

Sands China Limited details coronavirus financial consequences

Oklahoma governor agrees pair of new tribal gaming compacts

Japanese pachinko parlors getting attention for all the wrong reasons

DraftKings Incorporated agrees $100,000 class-action settlement

Bally’s $300M Star Investment at Risk Over AUSTRAC Penalty

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

Evolution Expands into Rhode Island Through Bally’s Casino Deal

The Venetian Resort Settles EEOC Religious Discrimination Lawsuit

MLB Probes Guardians Pitcher Luis Ortiz Over Betting Concerns