Economy/Finance | World Casino News

October online casino and sportsbook success for New Jersey

November 15, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, New Jersey

The various online sportsbooks in New Jersey reportedly had a great October after recording a 69% increase year-on-year in aggregated gross gaming revenues to reach an all-time high of about $45.2 million. A...

Empire Resorts Incorporated shareholders endorse disposal deal

Adam Morgan

November 14, 2019

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

In New York and shareholders for casino operator Empire Resorts Incorporated have reportedly approved a $128.6 million transaction that is to see the firm merged into giant Asian counterpart Genting Malaysia Be...

Japanese government reveals Casino Management Board nominees

Adam Morgan

November 14, 2019

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

In Japan and the government of Prime Minister Shinzo Abe has reportedly revealed the names of the five people it would like to constitute the nation’s inaugural Casino Management Board. According to a story ...

Macau expecting reduced aggregated gross gaming revenues for 2020

Adam Morgan

November 13, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and government officials have reportedly announced that they expect the city’s collection of almost 40 casinos to chalk up aggregated gross gaming revenues of about $32.2 billion for the entirety of ne...

Seneca Nation of Indians loses New York revenue-sharing dispute

Adam Morgan

November 13, 2019

Latest Casino and Gambling News, Tribal Gaming, Gaming Industry News, Economy/Finance, Taxation, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation, New York

In New York and a federal judge has reportedly ruled against the Seneca Nation of Indians in ordering the casino-operating tribe to hand over some $225 million in withheld revenue-sharing payments. According...

Poarch Band of Creek Indians inaugurates Winning for Alabama campaign

Adam Morgan

November 13, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, Alabama, Gaming Industry News, Economy/Finance, Lottery, Taxation

In Alabama and the Poarch Band of Creek Indians has announced the launch of a comprehensive public information campaign that is designed to raise awareness about the numerous financial benefits its three casino...

SportPesa to reconsider options in Kenyan sportsbetting market

Adam Morgan

November 12, 2019

Kenya, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, The Players Lounge, Sports betting, Online Gambling News, Licensing, Fines, Lawsuits & Litigation, Taxes

British online sportsbook operator SportPesa has reportedly announced that it is to reconsider its options in Kenya after a local appeals court ruled against a government policy that had instituted a 20% tax on...

MGM Resorts International soliciting interest in pair of Las Vegas properties

Adam Morgan

November 12, 2019

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

After recently inking lease-back deals for a pair of its properties and American casino operator MGM Resorts International is now reportedly trying to similarly offload its MGM Grand Las Vegas and Mandalay Bay ...

Rivers Casino Des Plaines receives permission to come ashore

Adam Morgan

November 12, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Illinois

In Illinois and Rivers Casino Des Plains will reportedly be expanding the size of its gaming operations by around 10% as part of a scheme that is to see the riverboat facility move part of its casino floor onto...

Wynn Macau Limited ‘not worried at all’ by a recent decline in VIP business

Adam Morgan

November 12, 2019

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

In Macau and a senior executive with the local subsidiary of American casino operator, Wynn Resorts Limited, has reportedly declared that she is ‘not worried at all’ by a recent decline in business from the cit...

New study highlights the economic importance of California cardrooms

Adam Morgan

November 11, 2019

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

The California Gaming Association has published the results of a specially-commissioned study showing that the state’s cardrooms are responsible for some 32,425 direct and indirect jobs that annually pay out ap...

Indiana benefits from out-of-state and online sportsbetting interest

Adam Morgan

November 11, 2019

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

Online and land-based sportsbooks in Indiana reportedly had a very successful October thanks to a 161% increase month-on-month in aggregated handle to $91.7 million alongside a 34% rise in combined adjusted gro...

Duo announces participation in Japanese integrated casino resort plan

Adam Morgan

November 8, 2019

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

In Japan and a pair of private entities have reportedly confirmed that they will be participating in the initial request-for-concept (RFC) portion of the campaign that could result in the southern city of Saseb...

Disappointing third-quarter results for Wynn Macau Limited

Adam Morgan

November 7, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and the local subordinate of American casino operator Wynn Resorts Limited reportedly saw its third-quarter operating revenues decline by some 22.7% year-on-year to hit approximately $1.07 billion than...

British online gambling market facing radical overhaul prospects

Adam Morgan

November 5, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, United Kingdom

In the United Kingdom and a cross-bench set of Parliamentarians has reportedly called for a ‘root and branch’ overhaul of the nation’s online gambling market that could include the implementation of a maximum s...

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October online casino and sportsbook success for New Jersey

Empire Resorts Incorporated shareholders endorse disposal deal

Japanese government reveals Casino Management Board nominees

Macau expecting reduced aggregated gross gaming revenues for 2020

Poarch Band of Creek Indians inaugurates Winning for Alabama campaign

SportPesa to reconsider options in Kenyan sportsbetting market

MGM Resorts International soliciting interest in pair of Las Vegas properties

Rivers Casino Des Plaines receives permission to come ashore

Wynn Macau Limited ‘not worried at all’ by a recent decline in VIP business

New study highlights the economic importance of California cardrooms

Indiana benefits from out-of-state and online sportsbetting interest

Duo announces participation in Japanese integrated casino resort plan

Disappointing third-quarter results for Wynn Macau Limited

British online gambling market facing radical overhaul prospects

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