Economy/Finance | World Casino News

Coronavirus fears continue to send casino share prices plummeting

March 20, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Casino closures, Gaming Industry News, Economy/Finance, Macau

Ongoing anxieties concerning the global coronavirus pandemic have recently sent stock prices falling around the world while yesterday reportedly saw the value of shares in Macau’s six licensed casino operators ...

GVC Holdings warns of financial fallout from coronavirus pandemic

Adam Morgan

March 20, 2020

Isle of man, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News

Prominent online casino and sportsbook operator GVC Holdings has warned investors that its annual earnings before interest, tax, depreciation and amortization could fall by as much as £150 million ($175.9 milli...

Tribal casino sector asks for federal support to weather coronavirus downturn

Adam Morgan

March 20, 2020

Gaming Law & Legislation, Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance

In the United States and the National Indian Gaming Association (NIGA) has reportedly asked the federal government to help its members offset the financial consequences of the ongoing coronavirus outbreak by ha...

Credit rating concerns for Las Vegas Sands Corporation

Adam Morgan

March 19, 2020

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

International credit ratings firm Moody’s Investors Service Incorporated has reportedly announced that it is currently considering whether to lower its financial assessment for American casino giant Las Vegas S...

Macau downgrades full-year aggregated casino revenue prediction

Adam Morgan

March 19, 2020

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

The government of Macau has reportedly halved the city’s coming full-year aggregated gross gaming revenues forecast in light of the negative impacts of the ongoing global coronavirus pandemic. According to a...

Coronavirus downturn prompts wage cuts from Genting Singapore Limited

Adam Morgan

March 18, 2020

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

The Singapore-headquartered arm of Asian casino giant Genting Malaysia Berhad has announced that it will be reducing the salaries of its senior staff as a way to cut costs in light of the ‘massive disruption to...

Cyprus latest to close its casinos amid coronavirus concerns

Adam Morgan

March 18, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Casino project updates, Cyprus, Economy/Finance

Cyprus has reportedly become the latest nation to order its casino industry to temporarily shut down so as to help stop the spread of a potentially-deadly coronavirus strain that has so far been contracted by 4...

BGC calls for government support to help weather coronavirus slump

Adam Morgan

March 17, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Taxation, Online Gambling News, Sports betting, Taxes, United Kingdom

In the United Kingdom and The Betting and Gaming Council (BGC) trade group has released a statement asking the government to implement a range of measures to help it members weather a recent downturn in busines...

Federal approval for tribe’s envisioned North Carolina casino

Adam Morgan

March 17, 2020

Casino proposals, Casino News, Latest Casino and Gambling News, Tribal Gaming, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, North Carolina

In North Carolina and the federal government has reportedly given the Catawba Indian Nation official permission to bring an envisioned $273 casino resort to 16 acres of land the tribe owns near the small commun...

Coronavirus concerns see Century Casinos temporarily close Polish casinos: Mississippi & Connecticut casinos close

Kim M

March 17, 2020

U.S.A., Casino News, Latest Casino and Gambling News, Tribal Gaming, Casino closures, Gaming Industry News, Economy/Finance, Poland

Colorado-based gaming company, Century Casinos, Inc. (CNTY:NASDAQ CM), announced Monday that its subsidiary Casinos Poland Sp. z o.o has closed its casinos in order to comply with the Polish government after it...

Philippines extends temporary Manila casino closure order nationwide

Adam Morgan

March 17, 2020

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

Only two days after ordering all of the casinos in metropolitan Manila to close and authorities in the Philippines have now reportedly extended this temporary shuttering to encompass gambling venues nationwide....

NFL modifies 2020 player draft amid coronavirus concerns

Adam Morgan

March 16, 2020

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

In the United States and the National Football League (NFL) has reportedly announced that its upcoming player draft will not be held as a public event in Las Vegas as was originally planned due to continued fea...

Manila temporarily closes its casinos to fight the spread of coronavirus

Adam Morgan

March 16, 2020

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

In the Philippines and the nation’s gaming regulator has reportedly ordered the temporary shuttering of all casinos in metropolitan Manila in an attempt to help stop the spread of a coronavirus strain that has ...

Florida Lottery congratulated over record-setting weekly scratchcard sales

Adam Morgan

March 14, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Florida, Mergers, Acquisitions & Partnerships

American lottery and gaming machines innovator Scientific Games Corporation has congratulated the Florida Lottery after the service broke the nationwide record for a fourth consecutive time regarding weekly ins...

MGM Resorts International cancels share buy-back plans

Adam Morgan

March 13, 2020

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

Anxieties over the financial impact of the ongoing coronavirus outbreak have reportedly prompted American casino operator MGM Resorts International to cancel its plan to buy back shares worth approximately $1.2...

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Coronavirus fears continue to send casino share prices plummeting

GVC Holdings warns of financial fallout from coronavirus pandemic

Tribal casino sector asks for federal support to weather coronavirus downturn

Credit rating concerns for Las Vegas Sands Corporation

Macau downgrades full-year aggregated casino revenue prediction

Coronavirus downturn prompts wage cuts from Genting Singapore Limited

Cyprus latest to close its casinos amid coronavirus concerns

BGC calls for government support to help weather coronavirus slump

Federal approval for tribe’s envisioned North Carolina casino

Coronavirus concerns see Century Casinos temporarily close Polish casinos: Mississippi & Connecticut casinos close

Philippines extends temporary Manila casino closure order nationwide

NFL modifies 2020 player draft amid coronavirus concerns

Manila temporarily closes its casinos to fight the spread of coronavirus

Florida Lottery congratulated over record-setting weekly scratchcard sales

MGM Resorts International cancels share buy-back plans

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