Economy/Finance | World Casino News

Portugal chalks up record-breaking quarterly online gambling revenues

April 1, 2021

Latest Casino and Gambling News, Gaming Industry News, Online Poker, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Sports betting, Licensing, Portugal

In Portugal and aggregated online gaming revenues for the final three months of last year reportedly hit an all-time high of €113.2 million ($132.9 million) as the sector experienced a huge boost in sportsbetti...

Olympia Gaming resuscitates Legends Bay Casino development

Adam Morgan

April 1, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships, Nevada

In western Nevada city of Sparks and Olympia Gaming has reportedly announced that it is finally set to proceed with its long-delayed scheme to bring a casino to The Outlets at Legends shopping mall. Accordin...

Six-month South Korea extension for Mohegan Gaming and Entertainment

Adam Morgan

April 1, 2021

Latest Casino and Gambling News, Tribal Gaming, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, South Korea

The government for South Korea has reportedly granted American casino operator Mohegan Gaming and Entertainment another six months to complete work on its coming Inspire Entertainment Resort development. Acc...

Annual deficit for Macau’s Success Universe Group Limited

Adam Morgan

March 31, 2021

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

In Macau and local casino firm Success Universe Group Limited has reportedly disclosed that it lost approximately $18.3 million last year due in large part to the temporary coronavirus-related shutdown of its f...

Bragg Gaming Group Incorporated unveils Nasdaq listing proposal

Adam Morgan

March 31, 2021

Online gaming software, Latest Casino and Gambling News, Canada, Newest casino games, Gaming Industry News, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Switzerland

Canadian online gaming innovator Bragg Gaming Group Incorporated has announced that it will holding a shareholders meeting on April 28 so as to seek official permission to list with the Nasdaq stock exchange. ...

Universal Entertainment Corporation cancels proposed Okada Manila land sale

Adam Morgan

March 31, 2021

Latest Casino and Gambling News, Casino proposals, Casino News, New Hotels, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines and the owner of the giant Okada Manila casino resort has reportedly announced the termination of a deal that was to have seen it sell an adjacent nine-acre plot of land for approximately $27...

Sri Lanka looking to bring a casino resort to Colombo Port City development

Adam Morgan

March 30, 2021

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

In Sri Lanka and officials could soon reportedly begin formulating new legislation that would allow the country’s under-construction Colombo Port City development to feature at least one large casino resort. ...

Enrique Razon facing another Solaire Resort and Casino lawsuit

Adam Morgan

March 30, 2021

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Philippines

In the United States and the billionaire Chairman of Asian casino operator Bloomberry Resorts Corporation is reportedly facing a federal lawsuit over the cancellation of a deal that was to have seen Global Gami...

Fitch Ratings Incorporated advises caution on MGM China Holdings Limited float

Adam Morgan

March 30, 2021

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships

Prominent credit ratings agency Fitch Ratings Incorporated has reportedly assigned a pessimistic ‘BB-’ grade to the $750 million senior notes offer recently floated by Asian casino operator MGM China Holdings L...

Tabcorp Holdings Limited rebuffs Entain takeover proposal

Adam Morgan

March 29, 2021

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

Australian sportsbetting firm Tabcorp Holdings Limited has reportedly rejected an around $2.3 billion offer that was to have seen its wagering and media division become a part of prominent land-based and online...

Las Vegas Sands Corporation to conduct Singapore anti-money laundering probe

Adam Morgan

March 29, 2021

Latest Casino and Gambling News, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Singapore

In Singapore and casino operator Las Vegas Sands Corporation has reportedly established a special in-house committee to look into the efficacy of anti-money laundering procedures at its iconic Marina Bay Sands ...

Catawba Indian Nation unveils plan to debut a temporary North Carolina casino

Adam Morgan

March 29, 2021

Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Mergers, Acquisitions & Partnerships, North Carolina

In the American state of North Carolina and the Catawba Indian Nation has reportedly announced that it will be opening a temporary casino as it progresses towards debuting its full $273 million Catawba Two King...

Nevada aggregated gross gaming revenues post an expected dive for February

Adam Morgan

March 27, 2021

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

In the western American state of Nevada, aggregated gross gaming revenues for February reportedly decreased by 26% year-on-year to $772.4 million as venues located along the Las Vegas Strip experienced a 41.5% ...

Kentucky going to court in an attempt to collect PokerStars damages

Adam Morgan

March 26, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Online Poker, Economy/Finance, Poker, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, Kentucky, United Kingdom

In the American state of Kentucky and officials have reportedly filed a lawsuit in an effort to collect $100 million in bonds that were posted by the former operator of the PokerStars online poker brand some fi...

Bally’s Corporation proposes Gamesys Group acquisition

Adam Morgan

March 26, 2021

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

American land-based casino operator Bally’s Corporation has reportedly agreed a deal that could see it part with approximately $2.7 billion so as to purchase British iGaming software developer Gamesys Group. ...