Economy/Finance | World Casino News

US Tribal casinos earn best revenue year yet in 2018

September 16, 2019

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

The National Indian Gaming Commission (NIGC) has released the 2018 casino revenue totals for tribal casinos in the United States. The year was a record-setting one for the 520 tribal casinos in the nation as $3...

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

Adam Morgan

September 13, 2019

Latest Casino and Gambling News, Economy/Finance, Taxation, Macau

The government of Macau has reportedly announced that it recorded a 1.5% increase year-on-year in combined tax revenues from gaming for the eight months to the end of August to approximately $9.48 billion. A...

New report casts doubts on efficacy of Illinois casino expansion plan

Adam Morgan

September 13, 2019

Latest Casino and Gambling News, Economy/Finance, Lottery, Horse Racing, Sports betting, Taxation, Illinois

In Illinois and an official report has reportedly cast considerable doubts on whether the state’s plan to license up to six additional casinos and bring gaming tables and sportsbetting to its horseracing tracks...

United States and China trade dispute negatively impacting Asian economies

Adam Morgan

September 11, 2019

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau, Philippines, Singapore, South Korea

Global credit ratings firm Fitch Ratings Incorporated has reportedly declared that the economies of several Asian nations with casino gambling are being weakened due to the ‘softening global demand and uncertai...

Amax International Holdings Limited planning to change its name

Adam Morgan

September 10, 2019

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

Asian casino and entertainments firm, Amax International Holdings Limited, has reportedly announced a plan that would see it change its name to Century Entertainment International Holdings Limited. According...

Ominous forecast concerning Macau gaming revenues for September

Adam Morgan

September 10, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau and the enclave’s Economy and Finance Secretary has reportedly warned that aggregated gross gaming revenues for September are likely to be lower when compared with the same month last year. Accordin...

Rivers Casino and Resort Schenectady sportsbook benefits from NFL action

Adam Morgan

September 9, 2019

NFL, Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, The Players Lounge, Sports betting, New York

In New York and the recently-launched sportsbook inside Rivers Casino and Resort Schenectady reportedly experienced an influx of punters last week thanks to the start of this year’s edition of the National Foot...

Gloomy prediction for future Macau aggregated gross gaming revenues

Adam Morgan

September 9, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The boss for prominent Asian junket operator, Suncity Group, has reportedly predicted that Macau could see an up to 20% decline year-on-year in fourth-quarter aggregated gross gaming revenues to around $7.79 bi...

Philippines President rejects Chinese request to ban all online gambling

Adam Morgan

September 7, 2019

Latest Casino and Gambling News, Online gambling regulation, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Philippines

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In the Philippines, President Rodrigo Duterte (pictured) has reportedly rejected a request from authorities in China to ban all online gambling over concerns that doing so may harm his nation’s fragile economy....

Sportsbetting to help NFL increase value of its television broadcast rights deal

Adam Morgan

September 6, 2019

Gaming Law & Legislation, NFL, U.S.A., Latest Casino and Gambling News, Economy/Finance, Sports betting

The 100th season of the National Football League (NFL) kicked off yesterday and one team owner has reportedly declared that the rising popularity of sportsbetting in America could result in his sport increasing...

Mixed August financials for Paradise Company Limited

Adam Morgan

September 4, 2019

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator, Paradise Company Limited, has reportedly released its financial results for August showing that it experienced a 36.1% increase year-on-year in aggregated gross gaming revenues to ...

Scientific Games Corporation inks ten-year Turkish National Lottery contract

Adam Morgan

September 4, 2019

Turkey, Latest Casino and Gambling News, Technology, Economy/Finance, Lottery, Sports betting, Mergers, Acquisitions & Partnerships

Following almost a month of speculation and American lottery and gaming machines innovator, Scientific Games Corporation, has now officially announced the signing of a ten-year deal with the Turkish National Lo...

Imperial Pacific International Holdings Limited facing casino license renewal fine

Adam Morgan

September 3, 2019

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

In the Commonwealth of the Northern Mariana Islands and the firm behind the under-construction, Imperial Palace Saipan, is to reportedly be hit with a fine of some $375,000 for the late payment of its annual ca...

China lottery sales figures continued their decline in July

Adam Morgan

September 3, 2019

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

July reportedly saw aggregated ticket sales in China for the nation’s pair of state-sponsored lottery games deteriorate by some 40.1% year-on-year to stand at slightly above ¥32.73 billion ($4.56 billion). A...

Macau records comparable drop in August aggregated gross gaming revenues

Adam Morgan

September 2, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The over 35 casinos in Macau reportedly had a bad August after they chalked up an 8.6% year-on-year decrease in aggregated gross gaming revenues to come in at slightly over $3 billion. According to a Sunday ...

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US Tribal casinos earn best revenue year yet in 2018

Macau posts 1.5% comparable rise in eight-month tax revenues from gaming

New report casts doubts on efficacy of Illinois casino expansion plan

United States and China trade dispute negatively impacting Asian economies

Amax International Holdings Limited planning to change its name

Ominous forecast concerning Macau gaming revenues for September

Rivers Casino and Resort Schenectady sportsbook benefits from NFL action

Gloomy prediction for future Macau aggregated gross gaming revenues

Philippines President rejects Chinese request to ban all online gambling

Sportsbetting to help NFL increase value of its television broadcast rights deal

Mixed August financials for Paradise Company Limited

Scientific Games Corporation inks ten-year Turkish National Lottery contract

Imperial Pacific International Holdings Limited facing casino license renewal fine

China lottery sales figures continued their decline in July

Macau records comparable drop in August aggregated gross gaming revenues

Underdog Fantasy Returns to New York with Draft-Style DFS Games

Hillary Clinton Supports Northern Ireland Charity Lottery Reform

Hudson Yards Casino Plan Withdrawn Amid Strong Political and Community Resistance

IGT Secures Italian Lotto License Until 2034 with €2.23B Bid

Thailand Weighs Casino Legalization Amid Push for Tourism Growth