Economy/Finance

2024 March Madness Expecting $2.7 Billion Betting Handle from 38 US States

Radosav Milutinovic
NCAA, U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Licenses, Sports betting, Online Gambling News
The upcoming March Madness basketball tournament will reportedly feature 136 NCAA teams and 134 games to represent a huge opportunity for bettors and operators to further boost the sports betting handle across ...

Amended Maryland Online Casino Bill Heads to Senate After House Passage

Marija Malenovic
U.S.A., Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Online Gambling News, Sports betting, Taxation, Licensing, Taxes, Maryland
Online casino bill, HB 1319, authored by Maryland Rep. Vanessa Atterbeary, has officially passed the House of Representatives and is on its way to the Senate for approval. Non-unanimous vote: On March 16,...

MGM Resorts Awaits Regulatory Framework to Commence UAE Casino Development

Radosav Milutinovic
United Arab Emirates, Dubai, U.S.A., Las Vegas, Casino Destinations, Latest Casino and Gambling News, Casino proposals, Gaming Law & Legislation, World Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Middle East Gaming News, Licensed online casinos in USA, Conferences / Trade Shows, Online Gambling News, Mergers, Acquisitions & Partnerships, Thailand
As MGM Resorts, a global leader in gaming and entertainment, pursues development of its three hotel brands in Dubai, the company's CEO and President Bill Hornbuckle has recently announced that the casino giant ...

Bay State Casinos Made $156M in February 2024; Sportsbooks Handled $5.98B Since 2023 Launch

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, U.S.A., Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Taxation, Financial Press Releases, Massachusetts
The Massachusetts Gaming Commission (MGC) has reported that the state gaming industry generated $156.12 million in gross gaming revenues (GGR) in February 2024. According to the MGC data, three land-based casin...

OLG “significant influx of new players” Causing Payout Delays to Proline Sports Betting Customers

Vanja Mitic
Latest Casino and Gambling News, NFL, Online gaming software, Gaming Industry News, Mobile gaming, Economy/Finance, Ontario, The Players Lounge, Online Gambling News, Sports betting
Ontario Lottery and Gaming Corporation (OLG) is going through an affair related to its sports betting platform, Proline. As per Carl Zhou, one of the bettors, he hasn’t been able to claim any of his winnings fo...

Legislative Push to Ban Use of Credit Cards for Online Gambling in Pennsylvania

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Lottery, Online Gambling News, Sports betting, Fantasy Sports, Pennsylvania
Wayne Fontana, a Pennsylvania State Senator, intends to present a bill that would forbid the utilization of credit cards for online casino play, fantasy sports, iLottery and for online sports gambling. The main...

Macau Hotel “THE 13” Calls for Bids; Offers $307 Million Sales Price

Radosav Milutinovic
Casino Sales, Casino News, Latest Casino and Gambling News, World Casino News, Casino reviews from Macau, Casino project updates, Casino closures, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Bankruptcy, Fines, Lawsuits & Litigation, Financial Fraud, Thailand
Some hotel owners are superstitious and ready to resort to some actions when launching the business that many would consider ridiculous. Such actions sometimes include certain room number exclusions to make gue...

Groundbreaking Ceremony For $300M Convention Resort and Casino At Subic Bay, Philippines

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, New Hotels, World Casino News, Gaming Industry News, Casino project updates, Casinos of the Philippines, Economy/Finance, European Casino News, France, Asian Casino News, Philippines
A foundation stone laying ceremony was held on March 14 for the newest casino, resort and convention center, called Subic Sun Convention Resort and Casino, Inc., in Subic Bay. However, the said complex will be ...

TABCORP CEO Steps Down After Alleged Use Of “Offensive And Inappropriate Language” In The Workplace

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Oceania Casino News, Crime
Adam Rytenskild, chief executive of TABCORP, has resigned from the firm, following the initiation of an inquiry by the board into whether he utilized offensive and inappropriate language in the workplace, accor...

Nagasaki Authorities Dismiss Financial Partner to Re-Apply for $2.3 Billion Casino Development

Radosav Milutinovic
Casino News, Latest Casino and Gambling News, Casino Destinations, Casino proposals, New Hotels, World Casino News, Casino project updates, Gaming Industry News, Economy/Finance, Japan, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships
After the plan of the Nagasaki Prefecture to launch an integrated resort development project was rejected by the Japanese Ministry of Land, Infrastructure, Transport and Tourism in December 2023, the Nagasaki P...

Groupe Partouche Experiences GGR Growth of 0.7% for 1Q24 Thanks to Slot Performance

Marija Malenovic
Casino News, Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, France, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases, Switzerland
France’s Groupe Partouche, a flagship company that is already a leader in the European iGaming industry, officially revealed that during the first quarter of the ongoing year it managed to collect €173.2m in gr...

Hard Rock Casino Northern Indiana Hit $37.9Million Gaming Win In February 2024

Radosav Milutinovic
U.S.A., Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Taxation, Online Gambling News, Sports betting, Taxes, Indiana, Financial Press Releases
An iconic gaming and entertainment venue, Hard Rock Casino Northern Indiana, generated almost one fifth of the total gaming revenues in the state in February 2024. According to the Indiana Gaming Commission (IG...

Ainsworth’s Shareholders Accuse the Company of Decreasing the Shares Price Prior to Alleged Novomatic’s Acquisition

Vanja Mitic
Casino Sales, Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Conspiracy
Ainsworth Game Technology, one of the leading pokies suppliers in the market, allegedly decreased the value of its stock, as the company’s American shareholder claims. According to the shareholder, the company ...

Standard General’s Acquisition Bid Increases Bally’s Share Price by 30 Percent

Radosav Milutinovic
U.S.A., Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships
Following the 2022 rejection of Standard General’s bid to acquire leading gaming brand, Bally’s Corporation, the hedge fund appears to have increased the pressure by offering $15 per share to acquire the corpor...