Economy/Finance

Okada Manila Reports 24% Revenue Decline In Q1 2024

Radosav Milutinovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Mobile gaming, Asian Casino News, Online Gambling News, Financial Press Releases, Philippines
Tiger Resort Leisure and Entertainment Inc, the Okada Manila casino resort operator, reportedly revealed the resort's financial result for the first quarter of 2024. According to the operator's filings made on ...

MGM Resorts Files Lawsuit Against Federal Trade Commission to Claim Constitutional Rights

Radosav Milutinovic
D.C., Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Las Vegas, Casino News, Gaming Industry News, Hacking, Economy/Finance, Licensed online casinos in USA, Data Protection, Online Gambling News, Crime, Fines, Lawsuits & Litigation
After the Federal Trade Commission (FTC) and its Chairwoman Lina M. Khan filed a request for a civil investigation of the recent cyberattack experienced by MGM Resorts International, the Las Vegas-based corpora...

Newport World Resorts Hits Newest Yearly High in GGR for 2023; Non-Gaming Income up 40%

Marija Malenovic
Latest Casino and Gambling News, Casino Destinations, Casino News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Casino moguls, Asian Casino News, Financial Press Releases, Philippines
It was recently revealed that Newport World Resorts managed to reach the newest yearly high in terms of gross gaming income collected for the previous year, surpassing PHP34.2bln, which is roughly $600.38m. Add...

The Star Sydney Faces Charges Over Alleged Forgery of Welfare Checks Amid Second Investigation Into License Suitability

Marija Malenovic
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Gaming Industry News, Economy/Finance, Poker, Licenses, Oceania Casino News, Crime, Licensing, Fines, Lawsuits & Litigation, Financial Fraud
According to The Sydney Morning Herald, a special manager of The Star Sydney has reportedly claimed the casino forged welfare checks on pokie gamblers and inadvertently permitted clients to obtain $3.2m they di...

Jake’s 58 Breaking Ground for $210 Million Expansion Project in Islandia; New York to Suspend Property Taxes to Village Residents

Radosav Milutinovic
Gaming Law & Legislation, U.S.A., Casino News, Latest Casino and Gambling News, Casino expansion projects, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Horse Racing, Taxation, New York
The Suffolk branch of the New York City Off-Track Betting Corporation is breaking ground today, on 15 April 2024, for a $210 million expansion of Jake's 58 Casino Hotel facility operated by the public benefit c...

Victorian Gambling Authority Fines BlueBet AU$50,000 for Advertising Compliance Failures

Radosav Milutinovic
Casino Destinations, Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Fines, Lawsuits & Litigation
The Victorian Gambling and Casino Control Commissions (VGCCC) has imposed an AU$50,000 fine on Australian wagering operator BlueBet Pty Ltd for alleged non-compliance with gambling regulations of the ...

Slotland Player Wins Record-Breaking $374,157 Progressive Jackpot

Radosav Milutinovic
Jackpot Winners, Latest Casino and Gambling News, Latest Casino Bonuses, World Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, The Players Lounge, Online Gambling News
The time is now! Online casino Slotland has got the record-breaking progressive jackpot winner in its 24-year long history! A lucky player rolled out the Air Mail slot to bust the game and take home $374,157, t...

Star Entertainment Sees a Net Loss of US$4.4m in March Quarter Due to Continuing Vacancy of Top Players

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Financial Press Releases
Star Entertainment Group has officially revealed its trading update report for the March quarter of the current year, which showed that it recorded a net loss of AU$ 6.8, approximately US$4.4m. The primary reas...

Bally’s Chicago Reports 12.7% Revenue Growth in March 2024 as Bally’s Corp. Mulls Takeover Bid

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, U.S.A., New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Taxation, Illinois, Taxes, Financial Press Releases, Rhode Island
Following a takeover bid by its biggest shareholder, an $800m financing gap for the construction of a planned Chicago casino, a project worth $1.7bln, and a credit downgrade by the rating agencies, business flo...

Greek Ministry of Environment and Energy Grants Approval for Parnitha Casino Move to Marousi

Marija Malenovic
Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, European Casino News, Employment & Careers, Licenses, Licensing, Greece
Greece's Environment Ministry has granted its validation to the Marousi’s multi-million euro casino & hotel project, which involves a deluxe hotel and casino. That means that another obstacle on the way to ...

Romania Bans Gambling Facilities in Less Populated Areas to Combat Illegal Operators

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Unlicensed Operation, Licenses, Taxation, Sports betting, Online Gambling News, Romania
Following the Prime Minister's approval, the Romanian Chamber of Deputies passed a law to ban land-based gambling operations in small cities and villages with populations of less than 15,000 residents. As repor...

Brazil Seen as Future of Sports Betting; Could Replace US as Next Main Market for Sports Betting Gold Rush

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, World Casino News, North America Casino News, Brazil, Gaming Industry News, Central & South America Gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes
The official legalization of sports wagering in Brazil occurred at the end of previous year, and the beginning of betting is projected to start during the next or this quarter, while watchdogs work through thei...

Detroit’s 3 Casinos Reach Highest Monthly Gross Income for March 2024 since 2019

Marija Malenovic
Casino News, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Taxes, Financial Press Releases, Michigan
MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity Casino, aka Detroit’s 3 licensed casinos, announced that they managed to collect $123.86m in monthly gross income for the previous month, i.e. Marc...

Virginia Governor’s Amendments Return Skill Game Bill to General Assembly for Further Consideration

Radosav Milutinovic
Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Lottery, Licenses, Online Gambling News, Taxation
Following the recent legalization of slot machine-like games of skill in Virginia, the 2024 General Assembly session is currently home to the debate over Senate Bill 2012, passed to legalize electronic skill ga...