Economy/Finance | World Casino News

Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

October 2, 2024

Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Fines, Lawsuits & Litigation

The Securities and Futures Commission (SFC) of Hong Kong has initiated legal proceedings against Andrew Lo, the Chairman and controlling shareholder of both LET Group Holdings and Summit Ascent Holdings. This l...

Macau’s Casino Revenue Falls 12.7% in September, Despite 15.5% Yearly Growth

Vanja Mitic

October 1, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

In September 2024, Macau's casino landscape presented a complex picture, marked by a significant monthly decrease and an annual increase in gross gaming revenue (GGR). The figures, sourced from the local Gaming...

Playtech’s North American Revenues Triple with Key Expansions

Vanja Mitic

October 1, 2024

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases

On September 30, Playtech announced a remarkable surge in its North American operations, with revenues tripling compared to the previous year, attributed to expansions in key partnerships and new market entries...

GiG Celebrates Key Milestone as an Independent iGaming Technology Powerhouse

Johnny K.

October 1, 2024

Latest Casino and Gambling News, Online gaming software, Gaming Industry News, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

Gaming Innovation Group (GiG) has officially begun a new chapter, debuting as an independent B2B iGaming technology company with a notable listing on the Nasdaq First North Premier Growth Market. This major ste...

Omaha’s WarHorse Casino Boosts Nebraska Gaming Tax Revenue to Record High

Johnny K.

September 30, 2024

Tribal Gaming, Casino News, Latest Casino and Gambling News, U.S.A., Horse Racing, World Casino News, North America Casino News, Casino openings, Gaming Industry News, Economy/Finance, Nebraska

The recent opening of WarHorse Casino in Omaha has significantly boosted Nebraska's state gaming tax revenue, setting a new monthly record. According to the Nebraska Racing and Gaming Commission, the casino gen...

California Tribes Gain Legal Leverage Over Card Rooms with New Legislation

Vanja Mitic

September 30, 2024

Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, U.S.A., World Casino News, North America Casino News, Gaming Industry News, California, Economy/Finance

Governor Gavin Newsom has enacted a significant piece of legislation that grants California's casino-owning tribes a potent new tool against their competitors in the gambling industry. According to ABC10, by si...

UAE’s Emerging Casino Industry: Unlocking Billions in Potential Revenue Amidst Geopolitical Challenges

Vanja Mitic

September 29, 2024

United Arab Emirates, Latest Casino and Gambling News, Casino Destinations, Gaming Industry News, Economy/Finance

The United Arab Emirates (UAE) stands on the brink of becoming a powerhouse in the global casino industry, with projections indicating potential annual gross gaming revenues (GGR) of US$3 billion to US$5 billio...

Nevada Gaming Revenue Declines in August Due to Timing and Luck Factors

Johnny K.

September 28, 2024

Las Vegas, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Financial Press Releases

Nevada’s gaming industry experienced a second consecutive month of revenue decline in August, with analysts attributing the dip to bad timing and a run of luck favoring the players. According to the Nevada Gami...

US Gaming Industry Boosts Responsible Gaming Investments to $471.8 Million

Vanja Mitic

September 27, 2024

U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News

Recent findings from the American Gaming Association (AGA) reveal a substantial increase in investments toward responsible gaming initiatives across the US gaming industry. The total annual expenditure has surg...

Flutter Predicts U.S. Gambling Market Will Surpass $60 Billion by 2030

Johnny K.

September 26, 2024

U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases

Flutter Entertainment, the parent company of FanDuel, has projected that the U.S. gambling market will grow significantly, expecting it to exceed $60 billion by 2030. The latest forecast marks a notable increas...

Brazil Projects R$3.4 Billion Revenue from Online Gambling Regulation in 2024

Vanja Mitic

September 26, 2024

Latest Casino and Gambling News, Brazil, Central & South America Gaming, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Financial Press Releases

Brazil's Finance Ministry is positioned to potentially generate up to R$3.4 billion (approximately US$ 620 million) this year through the regulation of online gambling. This revenue projection hinges on the app...

Star Entertainment Reports Massive Loss Amid Regulatory Changes

Vanja Mitic

September 26, 2024

Gaming Law & Legislation, Casino Destinations, Australia, Latest Casino and Gambling News, World Casino News, Unsavory reports, Gaming Industry News, Economy/Finance, Oceania Casino News, Financial Press Releases

Australia's Star Entertainment Group has disclosed a significant statutory loss for the fiscal year ending June 30, 2024. The reported loss amounts to AU$1.69 billion (US$1.16 billion). This substantial financi...

Macau’s Gaming Tax Revenue Climbs, Signaling Strong Fiscal Health

Vanja Mitic

September 25, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Macau, Taxes, Financial Press Releases

Macau's Financial Services Bureau reported a significant rise in gaming tax revenues for August, with a collection of MOP$7.16 billion (US$891 million). This figure represents a 4.8% increase from the previous ...

Spending of Macau High Rollers Accelerates in 2024: Citigroup Report

Johnny K.

September 23, 2024

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

According to a recent report from Citigroup, Macau’s premium mass gaming segment, particularly the spending behavior of high rollers, also known as "whales," is showing notable acceleration in 2024. The investm...

Signing Day Sports Announces Strategic Acquisition of Swifty Global

Vanja Mitic

September 20, 2024

Online gaming software, Latest Casino and Gambling News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships

Signing Day Sports, Inc., known for its innovative app assisting high school athletes in recruitment, has announced a pivotal acquisition of 95-99% of Swifty Global, a key player in the sports and casino techno...

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Hong Kong SFC Sues LET Group Chairman Andrew Lo for Alleged Misconduct

Macau’s Casino Revenue Falls 12.7% in September, Despite 15.5% Yearly Growth

Playtech’s North American Revenues Triple with Key Expansions

GiG Celebrates Key Milestone as an Independent iGaming Technology Powerhouse

Omaha’s WarHorse Casino Boosts Nebraska Gaming Tax Revenue to Record High

California Tribes Gain Legal Leverage Over Card Rooms with New Legislation

UAE’s Emerging Casino Industry: Unlocking Billions in Potential Revenue Amidst Geopolitical Challenges

Nevada Gaming Revenue Declines in August Due to Timing and Luck Factors

US Gaming Industry Boosts Responsible Gaming Investments to $471.8 Million

Flutter Predicts U.S. Gambling Market Will Surpass $60 Billion by 2030

Star Entertainment Reports Massive Loss Amid Regulatory Changes

Macau’s Gaming Tax Revenue Climbs, Signaling Strong Fiscal Health

Spending of Macau High Rollers Accelerates in 2024: Citigroup Report

Signing Day Sports Announces Strategic Acquisition of Swifty Global

Kambi Group Enhances US Presence Through Partnership with Hard Rock Digital

Pennsylvania’s Path to Multi-State Online Poker Alliance Advances

Alabama Bill Proposes Harsher Penalties for Illegal Gambling Operations

Arkansas Supreme Court Clears Path for Controversial Casino Ballot Measure

Crown Melbourne Fined $2 Million for Failing to Enforce Self-Exclusion Measures