Economy/Finance | World Casino News

Gloomy prediction for Bloomberry Resorts Corporation

August 17, 2020

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

In the Philippines and the impact of the ongoing coronavirus pandemic is reportedly set to push annual VIP gross gaming revenues for local casino operator Bloomberry Resorts Corporation down by up to 72% year-o...

Nevada loosens coronavirus-related slot prohibition

Adam Morgan

August 17, 2020

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

In Nevada and officials have reportedly lifted a coronavirus-induced prohibition that had prevented small bars and taverns in the western state from operating standalone slot machines. According to a report ...

American daily fantasy sports firms receive alarming tax news

Adam Morgan

August 17, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Taxation, Fantasy Sports, Taxes

In the United States and prominent daily fantasy sports operators FanDuel Group and DraftKings Incorporated could reportedly be in trouble after the Internal Revenue Service (IRS) ruled that such firms are to b...

City of Dreams Manila records second-quarter loss of almost $50 million

Adam Morgan

August 17, 2020

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

Asian casino and entertainments giant Melco International Development Limited has reportedly announced that its City of Dreams Manila facility racked up a second-quarter loss of nearly $50 million due to the im...

Casino Cosmopol in the northern Swedish city of Sundsvall to close

Adam Morgan

August 15, 2020

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

Sweden will soon have one less casino as state-owned gambling operator Svenska Spel AB has reportedly decided to pull the plug on the Casino Cosmopol-branded venue it runs in the northern city of Sundsvall. ...

Mohegan Sun to conclude furlough program from Sept. 30: possibly 1000 workers to be affected

Kim M

August 14, 2020

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

After its partial reopening on June 1st, Mohegan Sun has now announced that it will lay off an undetermined number of employees "as a result of the impact of COVID-19." The giant Connecticut casino agreed to...

The Betting and Gaming Council welcomes England casino re-opening decision

Adam Morgan

August 14, 2020

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

In the United Kingdom and The Betting and Gaming Council has welcomed a ‘belated’ government decision that is to allow every one of the 110 land-based casinos in England to re-open from tomorrow morning. The...

AGA premieres new Commercial Gaming Revenue Tracker service

Adam Morgan

August 14, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting

In an effort to provide value to its members as they endeavor to get back on track following the coronavirus pandemic and the American Gaming Association (AGA) has announced the launch of its new Commercial Gam...

National Revenue Agency put in charge of regulating Bulgarian gambling

Adam Morgan

August 13, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Bulgaria, Economy/Finance, Lottery, Online Gambling News, Sports betting, Tax Evasion, Crime, Licensing, Taxes

In Bulgaria and the National Revenue Agency tax bureau has reportedly been charged with regulating the country’s gambling industry after federal lawmakers enacted a measure to abolish the previous State Commiss...

William Hill primed to acquire American rival CG Technology

Adam Morgan

August 13, 2020

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

British bookmaker William Hill is reportedly poised to increase its already large presence in the American sportsbetting market after receiving unanimous permission from the Nevada Gaming Control Board yesterda...

Lacklustre performance for re-opening Atlantic City casinos

Adam Morgan

August 13, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, New Jersey

In their first month back since being closed from March 16 due to the coronavirus pandemic and the nine casinos in Atlantic City reportedly recorded a decrease of 23% year-on-year in aggregated gross gaming rev...

Dire second-quarter financials for Galaxy Entertainment Group Limited

Adam Morgan

August 13, 2020

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

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its second-quarter financial results showing that it experienced a loss of approximately $176.77 million as its overall net reven...

Ukrainian President signs legislation legalizing land-based and online gambling

Adam Morgan

August 12, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Licenses, Online Gambling News, Sports betting, Taxation, Ukraine

In Ukraine and President Volodymyr Zelensky (pictured) has reportedly added his signature to a piece of legislation to officially legalize a wide range of gambling activities including those conducted online an...

Coronavirus fears prompt temporarily closure of SkyCity Auckland

Adam Morgan

August 12, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, New Zealand, Economy/Finance

In New Zealand and local casino operator SkyCity Entertainment Group Limited has reportedly been obliged to temporarily shut its SkyCity Auckland facility for a second time this year due to contagion fears surr...

Hollywood Casino Toledo shatters all-time monthly revenue record: Ohio gambling venues beat the odds in July

Kim M

August 11, 2020

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

In the first full month of operating following their June 19, 2020 reopening, July was a good month for Ohio's four casinos and seven racinos, all things considered. According to the Ohio Casino Control Comm...

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Gloomy prediction for Bloomberry Resorts Corporation

Nevada loosens coronavirus-related slot prohibition

American daily fantasy sports firms receive alarming tax news

City of Dreams Manila records second-quarter loss of almost $50 million

Casino Cosmopol in the northern Swedish city of Sundsvall to close

Mohegan Sun to conclude furlough program from Sept. 30: possibly 1000 workers to be affected

AGA premieres new Commercial Gaming Revenue Tracker service

National Revenue Agency put in charge of regulating Bulgarian gambling

William Hill primed to acquire American rival CG Technology

Lacklustre performance for re-opening Atlantic City casinos

Dire second-quarter financials for Galaxy Entertainment Group Limited

Ukrainian President signs legislation legalizing land-based and online gambling

Coronavirus fears prompt temporarily closure of SkyCity Auckland

Hollywood Casino Toledo shatters all-time monthly revenue record: Ohio gambling venues beat the odds in July

DraftKings Set to Launch ‘DraftKings Predictions’ Amid Regulatory Scrutiny

United Kingdom MPs Press Reeves to Raise Gambling Taxes Despite Industry Pushback

Wynn Resorts Reports $1.83B in Q3 Revenue on Macau Surge

Damon Jones Pleads Not Guilty in Two Federal Gambling Cases

Melco Continues Recovery as Revenue Tops $1.31 Billion in Q3 2025