Economy/Finance | World Casino News

Betfred founder buys sizable stake in rival sportsbetting firm William Hill

March 10, 2020

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

The billionaire founder of giant British bookmaker Betfred, Fred Done, has reportedly spent an undisclosed amount in order to purchase slightly over 3% of the shares in London-listed rival William Hill. Acco...

Yokohama takes next step towards realizing casino resort aspiration

Adam Morgan

March 9, 2020

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

In Japan and Friday reportedly saw the city of Yokohama publish its draft implementation policy as it continues with a plan that could ultimately see it selected as a host for one of the nation’s coming trio of...

Coronavirus fears negatively impact Nevada casino investors

Adam Morgan

March 6, 2020

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

The value of shares in some of Nevada’s most prominent casino operators reportedly dropped dramatically yesterday amid ongoing fears that the appearance of the coronavirus strain in ‘The Silver State’ could sig...

Macau government dismisses gaming tax relief suggestion

Adam Morgan

March 6, 2020

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

In Macau, a leading government official has reportedly detailed that the city has no intention of introducing temporary tax breaks to help local gambling firms recover from the financial impacts of the enclave’...

Macau gaming regulator asks for casino staff layoffs to be suspended

Adam Morgan

March 5, 2020

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

In Macau and the Gaming Inspection and Coordination Bureau regulator has reportedly sent letters to every one of the city’s six licensed casino operators asking that they temporarily refrain from implementing s...

Wynn Macau Limited raising junket commission rate to 42.5%

Adam Morgan

March 4, 2020

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

The Wynn Macau Limited subsidiary of American casino operator Wynn Resorts Limited is reportedly boosting the amount of commission it pays Macau’s many junket operators so as to recover from the downturn in bus...

Coronavirus fears ruin Macau’s February gaming revenues

Adam Morgan

March 2, 2020

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

The 39 active casinos in Macau reportedly saw their aggregated gross gaming revenues for February plummet by 87.8% year-on-year to just $387.2 million as a direct result of the measures put into place to stop t...

Nevada casinos record a successful January

Adam Morgan

March 2, 2020

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

The 440 licensed gaming venues in Nevada reportedly saw their aggregated win for January increase by 5.5% year-on-year to $1.038 billion thanks in large part to associated increases in drop for blackjack, mini-...

Kangwon Land Casino closure extended to Sunday

Adam Morgan

March 2, 2020

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

In South Korea and the operator behind the Kangwon Land Casino has reportedly extended its temporary closure of the venue until Sunday as it looks to help stop the spread of the highly-contagious coronavirus st...

Sun Dreams SA acquisition talks terminated in Chile

Adam Morgan

February 28, 2020

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

In Chile and negotiations that were to have seen the firm behind the nation’s giant Casino Marina del Sol purchase up to a 50% stake in rival operator Sun Dreams SA have reportedly been definitively cancelled. ...

Caesars Entertainment Corp to raise resort fees at four properties in Las Vegas next week

Sadonna Price

February 28, 2020

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Nevada

Starting next week, four properties owned and operated at Caesars Entertainment Corp. in Las Vegas will see their resorts fees raised by $2. The change will be seen at the Harrah’s Las Vegas, Bally’s, The Linq ...

Scoreboard sportsbetting app to disappoint in Oregon

Adam Morgan

February 28, 2020

NCAA, Latest Casino and Gambling News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Lottery, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Oregon

In Oregon and lottery officials are reportedly due to reveal that the new Scoreboard mobile sportsbetting service launched in October is on course to lose nearly $5.3 million over the course of its first nine m...

Genting Malaysia Berhad records a disappointing fourth quarter

Adam Morgan

February 28, 2020

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

Asian casino operator Genting Malaysia Berhad has reportedly released its unaudited financial results for the final three months of 2019 showing that its net profit had crashed by almost 60% year-on-year to abo...

Fourth-quarter frustration for Galaxy Entertainment Group Limited

Adam Morgan

February 27, 2020

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

Asian casino operator Galaxy Entertainment Group Limited has reportedly released its financial results for the final three months of 2019 showing an 8.4% drop year-on-year in company-wide net revenues to approx...

Crown Resorts Limited examination being temporarily suspended

Adam Morgan

February 27, 2020

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

In Australia and the official inquiry into local casino operator Crown Resorts Limited will reportedly be temporarily suspended from tomorrow in order to accommodate a legal appeal lodged by the Attorney Genera...

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Betfred founder buys sizable stake in rival sportsbetting firm William Hill

Yokohama takes next step towards realizing casino resort aspiration

Coronavirus fears negatively impact Nevada casino investors

Macau government dismisses gaming tax relief suggestion

Macau gaming regulator asks for casino staff layoffs to be suspended

Wynn Macau Limited raising junket commission rate to 42.5%

Coronavirus fears ruin Macau’s February gaming revenues

Nevada casinos record a successful January

Kangwon Land Casino closure extended to Sunday

Sun Dreams SA acquisition talks terminated in Chile

Caesars Entertainment Corp to raise resort fees at four properties in Las Vegas next week

Scoreboard sportsbetting app to disappoint in Oregon

Genting Malaysia Berhad records a disappointing fourth quarter

Fourth-quarter frustration for Galaxy Entertainment Group Limited

Crown Resorts Limited examination being temporarily suspended

Elite Casino Resorts Cleared to Acquire Catfish Bend Casino in Iowa

New Trackside Caesars Sportsbook Debuts at Monmouth Park

NCAA Reinstates Complete Betting Prohibition After Division I Vote

Nevada Regulators Stand Firm on Penalty for Trainer in Drugging Case

Macau Satellite Casino Closures Deepen as Fortuna Prepares December Exit