Economy/Finance | World Casino News

Indiana sportsbetting market experiences December delight

January 13, 2020

Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Indiana

Online and land-based sportsbooks in Indiana reportedly had a very successful December after posting a 29% increase month-on-month in aggregated adjusted gross gaming revenues to $12 million and contributing so...

NagaWorld workers stage protest in bid to secure higher wages

Adam Morgan

January 10, 2020

Latest Casino and Gambling News, Cambodia, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Labor Relations

In Cambodia and up to 3,000 employees of the giant NagaWorld integrated casino resort reportedly took to the streets of Phnom Penh yesterday in an effort to obtain higher wages and improved working conditions. ...

The Star Entertainment Group Limited introduces paid leave for volunteers

Adam Morgan

January 10, 2020

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Labor Relations

In Australia and local casino operator, The Star Entertainment Group Limited, has reportedly introduced a new policy that is offering up to four weeks of paid leave to any employee that also volunteers for a mu...

New Jersey sportsbetting benefitting from New York punters

Adam Morgan

January 8, 2020

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, New Jersey, New York

November saw New Jersey chalk up record sportsbetting handle and revenues and it would now seem that a large proportion of this business came from online punters briefly travelling in from the neighboring state...

DraftKings Incorporated losses balloon despite growing revenues

Adam Morgan

January 7, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Fantasy Sports, Mergers, Acquisitions & Partnerships, Massachusetts

American online sports wagering innovator DraftKings Incorporated has reportedly released its financial results for the first nine months of 2019 showing that its net debt for the period had increased by over 5...

Singapore disappointment for Bloomberry Resorts Corporation

Adam Morgan

January 7, 2020

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation, Philippines

In Singapore and Asian casino operator Bloomberry Resorts Corporation has reportedly lost its attempt to overturn the earlier ruling of an arbitration tribunal and may now be forced to pay some $296 million to ...

Aquis Entertainment Limited takeover in jeopardy of being cancelled

Adam Morgan

January 7, 2020

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

In Australia and the deal that would see Blue Whale Entertainment Proprietary Limited acquire a 86.99% stake in the casino-operating arm of Aquis Entertainment Limited is reportedly in danger of being terminate...

Chinese lottery sales chalk up disappointing November

Adam Morgan

January 6, 2020

Latest Casino and Gambling News, China, Economy/Finance, Lottery

In China and November reportedly saw aggregated sales for the nation’s only pair of state-run lotteries drop by 11.6% year-on-year to reach approximately ¥37.77 billion ($5.41 billion). According to a report...

London Stock Exchange suspends trading of Nektan shares

Adam Morgan

January 3, 2020

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

In the United Kingdom and the London Stock Exchange has reportedly suspended the trading of shares in Nektan after the global mobile online gaming solutions and services provider failed to publish its most rece...

Aspire Global inks deal to settle Israeli tax dispute

Adam Morgan

January 3, 2020

Israel, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Taxation, Online Gambling News, Fines, Lawsuits & Litigation

Maltese online casino and sportsbetting platform innovator, Aspire Global, has announced the signing of an agreement that is to see it pay some €13.7 million ($15.2 million) to the Israeli Tax Authority so as t...

Macau casinos end the year on a downer following disappointing December

Adam Morgan

January 2, 2020

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

The 41 casinos in Macau reportedly ended December on a downward note after recording a 13.7% year-on-year decrease in monthly aggregated gross gaming revenues to slightly over $2.84 billion. According to a W...

Macau trade union calling for pay rises and better working conditions

Adam Morgan

December 31, 2019

Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Labor Relations

In Macau and a local trade union has announced that it will holding a demonstration on Thursday afternoon in hopes of securing better pay and working conditions for the city’s over 50,000 casino employees. A...

Gateway Casinos and Entertainment Limited merging for future success

Adam Morgan

December 31, 2019

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

Canadian casino operator Gateway Casinos and Entertainment Limited has announced the details of a one-off restructuring that is to see it merge with special purpose acquisitions firm Leisure Acquisition Corpora...

Taiwanese law enforcement officials break up illicit betting operation

Adam Morgan

December 30, 2019

Taiwan, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Illegal Bookmaking, The Players Lounge, Online Gambling News, Sports betting, Crime

Law enforcement officials in Taiwan have reportedly shut down an illegal gambling operation that is believed to have allowed local gamblers to transfer well over $462.7 million between the island nation and Chi...

Donaco International Limited appoints new Chief Financial Officer

Adam Morgan

December 30, 2019

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

Asian casino operator, Donaco International Limited, has reportedly announced that Chong Kwong Yang is standing down as its Chief Financial Officer ‘after six years of service’ to be replaced by Gordon Lo. A...

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Indiana sportsbetting market experiences December delight

NagaWorld workers stage protest in bid to secure higher wages

The Star Entertainment Group Limited introduces paid leave for volunteers

New Jersey sportsbetting benefitting from New York punters

DraftKings Incorporated losses balloon despite growing revenues

Singapore disappointment for Bloomberry Resorts Corporation

Aquis Entertainment Limited takeover in jeopardy of being cancelled

Chinese lottery sales chalk up disappointing November

Aspire Global inks deal to settle Israeli tax dispute

Macau casinos end the year on a downer following disappointing December

Macau trade union calling for pay rises and better working conditions

Gateway Casinos and Entertainment Limited merging for future success

Taiwanese law enforcement officials break up illicit betting operation

Donaco International Limited appoints new Chief Financial Officer

Underdog Seeks Legal Block on California AG’s Fantasy Sports Ruling

Lottery Blunder in Norway Sparks Outrage as CEO Resigns

New Jersey Legislature Passes Sweepstakes Ban

Evolution Debuts First Live Casino Studio in Asia, Based in Cebu

New Zealand to Regulate Online Casinos with 15 Licenses Auctioned