Economy/Finance | World Casino News

Studio City Macau investor files for bankruptcy in the United States

May 3, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Bankruptcy

A firm with a minority stake in the operator behind the giant Studio City Macau integrated casino resort has reportedly filed for permission to institute Chapter 11 bankruptcy protections after being unable to ...

Macau gaming industry due to face significant shortfall in local workforce

Adam Morgan

May 3, 2019

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Macau

In Macau, a recent government-backed investigation of the local labor market has reportedly found that the city’s gaming industry is likely set to face a shortfall of well in excess of 7,000 native workers by 2...

Casino-operating Fertitta brothers come under fire in Nevada

Adam Morgan

May 2, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

In Nevada, the Culinary Workers Union has officially asked the United States Securities and Exchange Commission (SEC) as well as the NASDAQ bourse to investigate whether the brothers in control of American casi...

Macau records disappointing April aggregated gaming revenues

Adam Morgan

May 1, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Last month reportedly saw the over 30 casinos in Macau chalk up an 8.3% decrease year-on-year in aggregated gross gaming revenues to just over $2.91 billion to leave the comparable four-month tally some 2.4% lo...

MGM Resorts International remains on the lookout for more Japanese partners

Adam Morgan

April 30, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

The boss for American casino operator, MGM Resorts International, has reportedly declared that his firm is interested in attracting even more partners to help it win the right to bring an integrated casino reso...

Sands China Limited due to retain dominant Macau position into the future

Adam Morgan

April 29, 2019

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

The Sands China Limited subordinate of American casino giant, Las Vegas Sands Corporation, is likely to retain its position as the ‘largest operator’ in Macau’s mass-market gaming industry over the course of th...

Del Lago Resort and Casino seeking permission to reduce the size of its gaming portfolio

Adam Morgan

April 29, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, The Players Lounge, Licenses, Sports betting, New York

In northern New York, Del Lago Resort and Casino has reportedly asked for official regulator permission to reduce its inventory of slots and gaming tables by some 15% so that it may better concentrate on launch...

Macau expecting to register record-breaking Labor Day tourist numbers

Adam Morgan

April 27, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

After welcoming a record number of tourists over the most recent Chinese New Year period, Macau is reportedly now expecting to chalk up as much as a 20% rise year-on-year in visitations for next week’s four-day...

Cost-saving initiative leads to job losses at MGM Resorts International

Adam Morgan

April 26, 2019

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Labor Relations

American casino operator, MGM Resorts International, has reportedly followed through with a portion of a cost-saving initiatives first unveiled in January by announcing the immediate elimination of some 254 sen...

‘Imminent’ re-opening for the Philippines’ shuttered Casablanca Casino

Adam Morgan

April 25, 2019

Latest Casino and Gambling News, Casino News, Casino openings, Economy/Finance, Philippines

In the Philippines, local casino operator, Frontier Capital Group Limited, has reportedly announced that it is planning an ‘imminent’ re-opening of its shuttered Casablanca Casino after being able to settle an ...

Wage dispute leads to picket lines outside Circus Circus Reno

Adam Morgan

April 24, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Labor Relations, Nevada

In Nevada, members of the Local 226 branch of the Culinary Workers Union reportedly picketed Circus Circus Reno last Thursday as part of an ongoing pay dispute with American casino operator Eldorado Resorts Inc...

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Adam Morgan

April 24, 2019

Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced the completion of a deal that has seen it pay approximately $91.5 million in order to acquire a controlling stake in Russian casin...

Macau sees solid tax revenue increase from gaming for first quarter of 2019

Marie Kelley

April 24, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first quarter numbers are in for Macau, with 2019 already resulting in a nice increase in gaming tax revenue. Macau has seen over MOP29.64 billion generated, which equals to $3.67 billion USD. The Financial...

City of Dreams Manila developer eyeing possible Philippines expansion

Adam Morgan

April 23, 2019

Latest Casino and Gambling News, Casino proposals, Casino News, Casino expansion projects, New Hotels, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

One of the firms behind the City of Dreams Manila integrated casino resort has reportedly revealed that it is studying the possibility of opening a second such venue in the Philippines but has yet to identify a...

Declining casino revenue to see fire department leave Tunica, Mississippi

K Morrison

April 23, 2019

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

Declining revenues from the county's casinos are reportedly responsible for the coming departure from north Tunica County by the Rural Metro Fire Department at the end of next month. The late May exit comes ...