Economy/Finance | World Casino News

Coronavirus fears ruin Macau’s February gaming revenues

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...

American iGaming move for Galaxy Gaming Incorporated

Adam Morgan

February 27, 2020

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Technology, Game manufacturers, Economy/Finance, The Players Lounge, Mergers, Acquisitions & Partnerships

American table games innovator Galaxy Gaming Incorporated has announced the signing of an agreement that is to see it spend just over $12.42 million in order to purchase Isle of Man-based counterpart Progressiv...

Macau hotel occupancy rates plummet amid continuing coronavirus anxiety

Adam Morgan

February 26, 2020

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

In Macau and fears over the highly-contagious coronavirus strain reportedly helped to push the average January occupancy rate for the city’s many three to five-star hotels down by some 14.5% year-on-year to onl...

California State Lottery slated for education funding shortfall

Adam Morgan

February 26, 2020

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

In California and the state auditor has reportedly criticized local lottery officials for underfunding public education programs to the tune of $36 million while spending about $720,000 on travel and food expen...

Georgia legislator floats online sportsbetting legalization measure

Adam Morgan

February 25, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Online Gambling News, Sports betting, Taxation, Georgia

In the southern American state of Georgia and legislation has reportedly been introduced that could see the jurisdiction become the latest to legalize online and mobile sportsbetting for the benefit of local ed...

Crown Resorts Limited investigation gets underway in New South Wales

Adam Morgan

February 24, 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 gaming regulator for New South Wales has reportedly launched the first of five public hearings into allegations that local casino operator Crown Resorts Limited may have utilized unscrupulo...

Kangwon Land Casino temporarily closed in response to coronavirus fears

Adam Morgan

February 24, 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 temporarily closed the venue until Wednesday morning in an effort to help stop the spread of the highly-contagious coronavirus strain. Accor...

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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

American iGaming move for Galaxy Gaming Incorporated

Macau hotel occupancy rates plummet amid continuing coronavirus anxiety

California State Lottery slated for education funding shortfall

Georgia legislator floats online sportsbetting legalization measure

Crown Resorts Limited investigation gets underway in New South Wales

Kangwon Land Casino temporarily closed in response to coronavirus fears

Wynn Al Marjan Island Tower Tops Out Ahead of 2027 Opening

Ethiopia Orders Nationwide Shutdown of Sports Betting

Caesars Sportsbook Set to Enter Summerlin at Rampart Casino

Single-Action Betting Patents at Center of Penn Lawsuit

New York State Clears Path for Three New York City Casinos