Economy/Finance | World Casino News

Macau casinos told to expect a long road to market recovery

April 15, 2020

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

The 39 casinos in Macau could reportedly start to recover from the economic impacts of the ongoing coronavirus pandemic from June although it could take up to a further two years for their gaming businesses to ...

Cost cutting provides Scientific Games with strong liquidity position

Sadonna Price

April 15, 2020

Online gaming software, Latest Casino and Gambling News, Economy/Finance

Scientific Games Corporation has announced today that after cutting more than $100 million in quarterly costs, the company is currently in a strong liquidity position. They have drawn $480 million from their Re...

Philippines contemplating casino sale to help fund coronavirus fight

Adam Morgan

April 14, 2020

Casino Sales, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Philippines

In the Philippines and a senior opposition politician has reportedly suggested that his nation could sell off its estate of 47 casinos in order to raise much needed cash to help combat the local spread of the c...

Coronavirus consequences still hurting Macau at Easter

Adam Morgan

April 14, 2020

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

The first three days of the recent Easter holiday period reportedly saw Macau welcome less than 900 tourists as measures put into place to stop the spread of the potentially-lethal coronavirus pandemic continue...

Virginia casino legalization measure encounters a Gubernatorial hitch

Adam Morgan

April 14, 2020

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships

1

In the southern American state of Virginia and legislation that would allow the residents of five disparate communities to vote on whether to introduce casinos has reportedly hit a snag concerning the ultimate ...

Bloomberry Resorts Corporation intent on broadening its interests

Adam Morgan

April 14, 2020

Casino News, Latest Casino and Gambling News, Gaming Industry News, Casino closures, Economy/Finance, Philippines

Asian casino operator Bloomberry Resorts Corporation has reportedly announced that it will be taking steps to further diversify its investment portfolio so as to better shield itself from the impact of future d...

Potawatomi Hotel & Casino temporarily furloughs 90 percent of “casino and government employees” due to coronavirus pandemic

Kim M

April 14, 2020

Latest Casino and Gambling News, Tribal Gaming, Casino News, Gaming Industry News, Economy/Finance, Wisconsin

After closing "indefinitely" on March 17, 2020, due to the COVID-19 pandemic and updated Centers for Disease Control (CDC) guidelines, Potawatomi Hotel & Casino has now announced that beginning April 13, it...

Grand Traverse Resort & Casino extend full pay to employees through April 29 as COVID-19 continues to spread throughout Michigan

Kim M

April 10, 2020

Latest Casino and Gambling News, Tribal Gaming, Casino News, Gaming Industry News, Economy/Finance, Michigan

In Northern Michigan, employees of a trio of casinos owned and operated by the Grand Traverse Band of Ottawa and Chippewa Indians (GTB) will continue to receive paychecks through April 29, 2020, while the prope...

Donald Trump set to examine small casinos’ financial assistance plea

Adam Morgan

April 9, 2020

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

In the United States and President Donald Trump (pictured) reportedly announced yesterday that he is to consider altering how a recently-passed piece of legislation is administered so as to enable small casinos...

Macau casino operators excluded from coming economic stimulus package

Adam Morgan

April 9, 2020

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

Despite recording an almost 80% drop year-on-year in aggregated gross gaming revenues for March and the operators behind the 39 commercial casinos in Macau are reportedly set to be excluded from a coming $1.7 b...

Credit facility move for Asian casino operator Wynn Macau Limited

Adam Morgan

April 8, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited has reportedly drawn some $50 million from a revolving $74 million credit facility in an attempt to counter the ongoing financi...

Financial troubles continue for firm behind Macau’s The 13 hotel

Adam Morgan

April 7, 2020

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

In Macau and one of the companies behind the luxury The 13 hotel has reportedly applied for a ‘standstill’ order so as to prevent its bank from calling in a loan worth just over $319.9 million and potentially l...

Singapore casinos fall victim to temporary coronavirus closure orders

Adam Morgan

April 6, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Singapore

The government of Singapore has reportedly ordered the city-state’s two giant integrated casino resorts to close for a month as it steps up efforts to combat a coronavirus pandemic that is so far thought to hav...

California tribal casinos facing potentially ‘crippling’ re-opening costs

Adam Morgan

April 6, 2020

Latest Casino and Gambling News, Tribal Gaming, Casino News, Casino closures, Gaming Industry News, California, Economy/Finance

2

Many of the tribal casinos in California recently closed as part of the state’s campaign to help stop the spread of the potentially-deadly coronavirus pandemic could be seriously wounded should they not be allo...

Paradise Company Limited records a discouraging March

Adam Morgan

April 3, 2020

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

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for March showing that aggregated gross gaming revenues had decreased by over 60% year-on-year to stand at s...

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Macau casinos told to expect a long road to market recovery

Cost cutting provides Scientific Games with strong liquidity position

Philippines contemplating casino sale to help fund coronavirus fight

Virginia casino legalization measure encounters a Gubernatorial hitch

Bloomberry Resorts Corporation intent on broadening its interests

Potawatomi Hotel & Casino temporarily furloughs 90 percent of “casino and government employees” due to coronavirus pandemic

Grand Traverse Resort & Casino extend full pay to employees through April 29 as COVID-19 continues to spread throughout Michigan

Donald Trump set to examine small casinos’ financial assistance plea

Macau casino operators excluded from coming economic stimulus package

Credit facility move for Asian casino operator Wynn Macau Limited

Financial troubles continue for firm behind Macau’s The 13 hotel

Singapore casinos fall victim to temporary coronavirus closure orders

California tribal casinos facing potentially ‘crippling’ re-opening costs

Paradise Company Limited records a discouraging March

Macau Gaming Tax Revenue Hits MOP$8.5 Billion in August, Sets Post-Pandemic Record

Genting to Revive London Trocadero With Casino and Leisure Hub

Americans Call for Gambling Oversight of Sports Event Contracts

$1B Grand Sierra Resort Arena to Transform Reno

Valicy Gaming Emerges After Grover Gaming Sale with Bold Industry Plans