Economy/Finance

Red Rock Resorts Sees Surge in Q1 2024 Earnings with Durango Property Debut in Las Vegas

Johnny K.
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Financial Press Releases, Nevada
Red Rock Resorts has announced stellar first-quarter earnings, buoyed by the recent inauguration of the Durango Casino & Resort in southwest Las Vegas. During the earnings call, Stephen Cootey, Executive Vi...

MGM Resorts Celebrates Record-Breaking $4.83 Billion Revenue in Q1 of 2024

Vanja Mitic
Latest Casino and Gambling News, Las Vegas, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases
MGM Resorts International has reached unprecedented success, with record-breaking revenue reported in the first quarter of 2024. The company’s Las Vegas property delivered exceptional results, while its casino ...

LVXP Shares Details of its Plan to Build Tallest Casino Resort in Las Vegas

Marija Malenovic
U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Nevada
A group of real estate developers from Las Vegas intends to construct a potentially highest resort on the 27-acre location that previously housed the Wet ‘n Wild water park and has been the goal of Jackie Robin...

Petersburg City Council Votes Cordish to Develop Casino Complex

Marija Malenovic
Virginia, Gaming Law & Legislation, U.S.A., Casino proposals, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Licensing
After a members-only meeting that lasted over an hour and a half, the Petersburg City Council, VA, suddenly voted unanimously on April 24 to select Cordish Companies, the company with headquarters in Baltimore,...

PAGCOR’s Gaming Revenue Hits All-Time High in Q1 2024

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines, Financial Press Releases
The Philippine Amusement and Gaming Corp. (PAGCOR) revealed on April 28 that it managed to hit an all-time record in gaming revenue of Php25.24bln, roughly US$437m, for the 3-month period leading to March 31 of...

Nevada Gaming Income Down in March; First Drop in 8 Months

Marija Malenovic
Casino News, Latest Casino and Gambling News, Las Vegas, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Sports betting, Taxation, Taxes, Financial Press Releases, Nevada
According to profit data released by the Nevada Gaming Control Board (NGCB) on April 25, gaming earnings collected by the state has seen a drop over the past month. In addition, the drop occurred for the 1st ti...

Malaysia Explores Possibility of Issuing 2nd Casino License for Forest City Project; Possible Negative Effects for Marina Bay Sands and Genting Group

Marija Malenovic
Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Malaysia, Licensing, Singapore
Anwar Ibrahim, the Prime Minister of Malaysia, has reportedly met up with 2 of Malaysian's top business leaders, including Lim Kok Thay, CEO of Genting Malaysia Bhd, to talk about the chance of issuing a 2nd ca...

Operator of Hollywood Casino at Meadows Pays $10,000 Fine for Breaching Problem Gaming Rules

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Illegal Bookmaking, Fines, Lawsuits & Litigation, Pennsylvania
The Pennsylvania Gaming Control Board has imposed a $10,000 fine on gambling operator Washington Trotting Association over problem gambling breach allegations. As CBS News reports, the Board has introduced the ...

Michigan Tribal Casino Payments Decreased for Second Consecutive Year

Radosav Milutinovic
Tribal Gaming, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Taxes, Financial Press Releases, Michigan
The Michigan Gaming Control Board has released the data on payments made by the state's tribal casinos to local entities in 2023. As reported, gaming payments made by 23 tribal casinos in the state have decline...

Saracen Casino Seeks Regulatory Amendment to Launch iGaming in Arkansas

Radosav Milutinovic
Arkansas, U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino expansion projects, Online gambling regulation, Gaming Industry News, Mobile gaming, Online Poker, Economy/Finance, Horse Racing, Licenses, Online Gambling News, Sports betting, Taxation
After the 2022 legalization of online sports betting in Arkansas had already resulted in significant revenue figures, Saracen Casino Resort in Pine Bluff is seeking regulatory approval to launch an iGaming ...