Economy/Finance | World Casino News

Station Casinos persevering with new Las Vegas development

November 18, 2020

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

In Nevada and local casino operator Station Casinos is reportedly pushing ahead with plans to bring a new casino development to a 71-acre parcel of vacant land it already owns in the southwestern suburbs of Las...

Illinois casinos and slot parlors being ordered to shut for a second time

Adam Morgan

November 18, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Casino closures, Gaming Industry News, Economy/Finance, Illinois, Michigan, Ohio, Pennsylvania

For the second time this year and all casino and slot parlors in the American state of Illinois have reportedly been ordered to bar their doors for an indeterminate period of time due to an increase in the numb...

Aristocrat Leisure Limited receives boost from digital revenues for fiscal year

Marie Kelley

November 18, 2020

Latest Casino and Gambling News, Economy/Finance

Aristocrat Leisure Limited, a slot machine company based in Australia, has released its fiscal year reports. The company reported a 46.7% drop in its normalized net profit post taxes for the fiscal year ending ...

American Gaming Association highlights slow third-quarter recovery

Adam Morgan

November 17, 2020

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

In the United States and the American Gaming Association trade group has announced that the nation’s aggregate third-quarter commercial gross gaming revenues declined by 18.9% year-on-year to $9.04 billion larg...

Tennessee chalks up strong start to legalized online sportsbetting

Adam Morgan

November 17, 2020

Tennessee, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Lottery, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Taxes

The first eight days of legalized online sportsbetting in the southern American state of Tennessee reportedly saw locally-licensed operators chalk up aggregated handle of about $27 million and pay out some $509...

New Jersey outperforms in US: sets sports bet record for 3rd straight month

K Morrison

November 16, 2020

Latest Casino and Gambling News, Horse Racing, Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Massachusetts, New Jersey

New Jersey's sports betting market is on fire, having set the national record for the highest amount wagered on sports for the third consecutive month, as gamblers staked more than $803 million in October. A...

FanDuel Group investing big in Illinois horseracing

Adam Morgan

November 16, 2020

Latest Casino and Gambling News, Horse Racing, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Illinois

American online sportsbook operator FanDuel Group has announced the signing of a multi-million-dollar deal that is to see southwestern Illinois’ Fairmount Park Racetrack rebranded as the new-look FanDuel Sports...

Suncity Group agrees Resorts World Westside City construction contract

Adam Morgan

November 16, 2020

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

In the Philippines and a subsidiary of Asian junket operator Suncity Group has reportedly inked an agreement that is to see Megawide Construction Corporation assist in building the first stage of its coming Res...

Crown Resorts Limited inquiry hears from James Packer counsel

Adam Morgan

November 13, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation

In the Australian state of New South Wales and the official inquiry looking into the casino license suitability of Crown Resorts Limited has reportedly been told that majority shareholder James Packer should no...

Okada Manila disappointment for Universal Entertainment Corporation

Adam Morgan

November 13, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Game manufacturers, Economy/Finance, Philippines

Japanese pachinko, slot and arcade games manufacturer Universal Entertainment Corporation is reportedly continuing to be adversely impacted by the coronavirus-induced drop in revenues from its Okada Manila inte...

Great Canadian Gaming Corporation being bought by New York investments firm

Adam Morgan

November 12, 2020

Casino Sales, Latest Casino and Gambling News, Casino News, Canada, Casino closures, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

North American casino operator Great Canadian Gaming Corporation is reportedly set to be acquired by New York-listed Apollo Global Management Incorporated in a deal worth approximately $2.5 billion. Accordin...

Wynn Macau Limited initiates staff cost-cutting measures

Adam Morgan

November 12, 2020

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

As part of an effort to better manage its costs during the coronavirus-induced economic downturn and Asian casino operator Wynn Macau Limited has reportedly announced that it will not be renewing the contracts ...

Macau gaming taxes show slow signs of recovery in October

Adam Morgan

November 12, 2020

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

The government of Macau has reportedly announced that the city’s 39 casinos handed over almost $117.12 million in aggregated gaming taxes for October to take their combined ten-month tally to just above $3.04 b...

Operating at 15% capacity Detroit casinos report $101.4 million in October revenue

K Morrison

November 12, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Sports betting, Licensing, Michigan

In Michigan, Detroit's three commercial casinos have reported aggregate revenue of $101.4 million for the month of October while also receiving approval by the state's Gaming Control Board on Tuesday for renewa...

Third-quarter net deficit for South Korea’s Paradise Company Limited

Adam Morgan

November 12, 2020

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

South Korean casino operator Paradise Company Limited has reportedly released its financial results for the third quarter showing that its net profit declined by over 147% year-on-year to a deficit of slightly ...