Economy/Finance | World Casino News

Aristo International Hotel shuttering extended by a further seven days

April 21, 2020

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

In Vietnam and boutique casino operator, Donaco International Limited, has reportedly announced that it will be extending the temporary closure of its Aristo International Hotel until at least the end of next w...

PAF celebrates success of lowered maximum loss limit

Adam Morgan

April 20, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Finland, The Players Lounge, Online Gambling News, Taxes

Highlighting its responsible gambling credentials and Finnish iGaming operator Alands Penningautomatforening (PAF) has reportedly detailed a large comparable drop in the revenues it made last year from those wh...

Macau’s new Chief Executive lays out his future intentions

Adam Morgan

April 20, 2020

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

In Macau and Ho Iat Seng (pictured) reportedly used his maiden official address as the enclave’s new Chief Executive to pronounce that he will continue to push local casino operators to diversify their offering...

Macau being advised to look towards iGaming for coronavirus relief

Adam Morgan

April 20, 2020

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Macau, Online Gambling News, Taxation, Licensing

In Macau and a prominent local academic has reportedly suggested that the enclave could help to mitigate some of the adverse consequences of the recent coronavirus pandemic by legalizing online gambling. Acc...

Delaware’s gambling industry hit hard during Covid-19 pandemic

Sadonna Price

April 20, 2020

Latest Casino and Gambling News, Economy/Finance, Delaware

Like many other states across the US, Delaware’s gambling industry has been hit hard by the coronavirus. Since mid-March, the gambling venues of the state have been shut down and across the board, limited reven...

Paradise Company Limited re-opens casinos following coronavirus closures

Adam Morgan

April 20, 2020

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

South Korean casino operator Paradise Company Limited has reportedly announced that its four domestic venues have just been re-opened after being temporarily shuttered last month in response to the coronavirus ...

Pennsylvania sportsbetting industry hurt by coronavirus shutdown

Adam Morgan

April 17, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Taxes, Pennsylvania

The coronavirus pandemic reportedly cost land-based bookmakers in Pennsylvania at least $220 million in lost revenues last month as sports leagues shut up shop and bettors turned to online alternatives. This...

Wisconsin tribe’s casino plan clears federal land-into-trust hurdle

Adam Morgan

April 17, 2020

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

The Ho-Chunk Nation of Wisconsin is reportedly celebrating the announcement that the federal government has at long last approved its land-into-trust petition regarding a 33-acre plot located on the outskirts o...

Las Vegas Sands Corporation aborts dividend program amid coronavirus concern

Adam Morgan

April 17, 2020

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

American casino operator, Las Vegas Sands Corporation, has reportedly announced the suspension of its dividend program for 2019 so as to give it ‘maximum optionality’ in securing returns following the end of th...

Okada Manila closure hurting parent Universal Entertainment Corporation

Adam Morgan

April 16, 2020

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

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation has reportedly detailed that it expects to record comparable drops in its net income and aggregate sales for the twelve ...

Casino firms discussing post-coronavirus possibilities for Las Vegas

Adam Morgan

April 16, 2020

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

Representatives for some of the largest casino operators in the United States are reportedly holding informal meetings in order to discuss possible ways to re-open Las Vegas to gamblers following the conclusion...

Tropicana Atlantic City lays offs almost its entire workforce

Adam Morgan

April 16, 2020

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

In New Jersey and Eldorado Resorts Incorporated has reportedly laid off almost the entire workforce at its Tropicana Atlantic City venue as the coronavirus-related closure of the state’s nine casinos enters its...

More federal coronavirus relief for firms supporting America’s casino industry

Adam Morgan

April 15, 2020

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

In the United States and the administration of President Donald Trump has reportedly altered its guidelines so as to enable even more small businesses that service the casino industry to receive a portion of $3...

Macau casinos told to expect a long road to market recovery

Adam Morgan

April 15, 2020

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

The 39 casinos in Macau could reportedly start to recover from the economic impacts of the ongoing coronavirus pandemic from June although it could take up to a further two years for their gaming businesses to ...

Cost cutting provides Scientific Games with strong liquidity position

Sadonna Price

April 15, 2020

Online gaming software, Latest Casino and Gambling News, Economy/Finance

Scientific Games Corporation has announced today that after cutting more than $100 million in quarterly costs, the company is currently in a strong liquidity position. They have drawn $480 million from their Re...

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Aristo International Hotel shuttering extended by a further seven days

PAF celebrates success of lowered maximum loss limit

Macau’s new Chief Executive lays out his future intentions

Macau being advised to look towards iGaming for coronavirus relief

Delaware’s gambling industry hit hard during Covid-19 pandemic

Paradise Company Limited re-opens casinos following coronavirus closures

Pennsylvania sportsbetting industry hurt by coronavirus shutdown

Wisconsin tribe’s casino plan clears federal land-into-trust hurdle

Las Vegas Sands Corporation aborts dividend program amid coronavirus concern

Okada Manila closure hurting parent Universal Entertainment Corporation

Casino firms discussing post-coronavirus possibilities for Las Vegas

Tropicana Atlantic City lays offs almost its entire workforce

More federal coronavirus relief for firms supporting America’s casino industry

Macau casinos told to expect a long road to market recovery

Cost cutting provides Scientific Games with strong liquidity position

Indonesia Prepares Stricter Online Gambling Regulation With Focus on Mitigation

Thai Opposition and Civic Groups Push for Casino Bill Withdrawal

Tax Change in Trump’s ‘Big Beautiful Bill’ Could Devastate Professional Gamblers

Santan Mountain Casino Unveils New Bingo Hall with Four-Day Celebration

Court Rejects Underdog’s Bid to Block AG’s DFS Opinion as PrizePicks Adapts