Economy/Finance | World Casino News

SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

August 30, 2024

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

SJM Holdings, a casino operator from Macau, has witnessed a substantial enhancement in its operational outcomes, primarily due to cost reductions in its satellite casinos and significant upgrades across its maj...

Las Vegas Strip Leads July Gaming Revenue Decline as Nevada Dips 15%

Vanja Mitic

August 29, 2024

U.S.A., Las Vegas, Casino Destinations, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases

July 2024 witnessed a 15% decrease in gaming win on the Las Vegas Strip, marking the first state-wide decline in gaming revenue in four months, as reported by the Nevada Gaming Control Board on Wednesday, Augus...

Shin Hwa World Mitigates Losses with Strategic Revenue Growth in H1 2024

Vanja Mitic

August 29, 2024

Latest Casino and Gambling News, Casino Destinations, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Financial Press Releases, South Korea

In a robust turn of financial strategy, Shin Hwa World, a major integrated resort operator based in South Korea, has effectively mitigated its losses for the first half of 2024 by nearly 32%. This financial imp...

Sands China Leads in Macau’s Gaming Market for Q2

Vanja Mitic

August 28, 2024

Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Financial Press Releases

Sands China Ltd emerged as a leader in Macau’s casino industry for the second quarter, leading in mass-market and VIP gross gaming revenue (GGR) as well as hold-adjusted earnings before interest, taxation, depr...

U.S. Gambling Sector Hits $39.9B in H1 2024, $29.1B from Illegal Operations

Vanja Mitic

August 28, 2024

U.S.A., Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Sports betting, Online Gambling News, Financial Press Releases

The U.S. gambling sector has displayed remarkable financial performance in the first half of 2024, reaching a gross gaming revenue (GGR) of $39.9 billion, according to a recent report exclusively shared with iG...

NagaCorp’s Financial Hurdles: Impairment Losses Overshadow Revenue Growth

Johnny K.

August 28, 2024

Cambodia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Russia

NagaCorp, the prominent Cambodian gaming operator, has experienced a significant financial turnaround, reporting a slight loss of $963,000 for the first half of 2024. This marks a stark contrast from the $82.97...

DraftKings Emerges as a Top Pick for NFL Season Investing

Johnny K.

August 28, 2024

NFL, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Nevada

As the NFL season gears up, the spotlight turns not just on the games but also on investment opportunities in gambling-related stocks. DraftKings, a prominent player in the online gambling arena, has particular...

Georgian Court Rules in Favor of Aviator LLC in Landmark Trademark and Copyright Infringement Case

Vanja Mitic

August 27, 2024

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Georgia-Eurasia, Fines, Lawsuits & Litigation

On August 20, 2024, the Court of First Instance in Georgia delivered a significant ruling in favor of Aviator LLC, a company involved in the gambling services sector. The court upheld Aviator LLC’s claims of tr...

Philippine Supreme Court Orders PAGCOR to Pay 30 Years of Dues to Sports Commission

Vanja Mitic

August 27, 2024

Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Asian Casino News, Philippines

In a landmark decision, the Philippine Supreme Court has ordered the Philippine Amusement and Gaming Corporation (PAGCOR) to remit 30 years' worth of payments to the Philippine Sports Commission. This ruling, m...

Macau’s Economy Rebounds Strongly in 2024, Driven by Tourism and Gaming

Vanja Mitic

August 26, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Macau's economy has shown significant signs of recovery in 2024, with the region's gross domestic product (GDP) reaching MOP204.3 billion (US$25.5 billion) in the first half of the year. This marks a real year-...

Vietnam Extends Casino Gambling Trial for Locals to December 2024

Vanja Mitic

August 26, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, Vietnam

Vietnam has decided to extend the trial period that allows its citizens to gamble at selected casinos until December 31, 2024, according to recent government reports. This extension, part of a pilot project tha...

SkyCity Faces Financial Setback with NZ$143 Million Loss in FY24

Johnny K.

August 24, 2024

Latest Casino and Gambling News, Australia, Casino News, World Casino News, New Zealand, Gaming Industry News, Economy/Finance, Oceania Casino News, Financial Press Releases

SkyCity Entertainment Group, a leading name in New Zealand’s entertainment sector, has reported a significant financial downturn, with a net loss after tax of NZ$143.3 million (US$88.3 million) for the fiscal y...

Imperial Pacific Seeks Court Approval to Sell Saipan Hotel Casino and Assets for $10M

Vanja Mitic

August 22, 2024

Casino Sales, Latest Casino and Gambling News, Casino News, World Casino News, Unsavory reports, Gaming Industry News, Economy/Finance, Bankruptcy, Northern Mariana Islands

Imperial Pacific International (IPI), a Chinese investment holding company based in Hong Kong, is making headlines as it seeks federal bankruptcy court permission to sell its hotel casino in Saipan, Northern Ma...

Record-Breaking Jackpot of $6.5 Million Won at BetMGM Casino

Vanja Mitic

August 22, 2024

Jackpot Winners, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, The Players Lounge, New Jersey

BetMGM, a prominent figure in the iGaming and sports betting landscape, has announced a monumental event: a player has won a staggering $6,450,023 progressive jackpot. This prize sets a new record for the large...

Michigan’s iGaming and Sports Betting Revenues Surge in July

Johnny K.

August 22, 2024

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, Sports betting, Financial Press Releases, Michigan

Michigan's iGaming and sports betting operators reported a robust performance for July 2024, with combined gross receipts hitting $220.86 million. This marked a 3.2% increase from the previous month, demonstrat...

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SJM Holdings Cuts Losses by 87%, Boosts Revenue with Key Casino Upgrades

Las Vegas Strip Leads July Gaming Revenue Decline as Nevada Dips 15%

Shin Hwa World Mitigates Losses with Strategic Revenue Growth in H1 2024

Sands China Leads in Macau’s Gaming Market for Q2

U.S. Gambling Sector Hits $39.9B in H1 2024, $29.1B from Illegal Operations

NagaCorp’s Financial Hurdles: Impairment Losses Overshadow Revenue Growth

DraftKings Emerges as a Top Pick for NFL Season Investing

Georgian Court Rules in Favor of Aviator LLC in Landmark Trademark and Copyright Infringement Case

Philippine Supreme Court Orders PAGCOR to Pay 30 Years of Dues to Sports Commission

Macau’s Economy Rebounds Strongly in 2024, Driven by Tourism and Gaming

Vietnam Extends Casino Gambling Trial for Locals to December 2024

SkyCity Faces Financial Setback with NZ$143 Million Loss in FY24

Imperial Pacific Seeks Court Approval to Sell Saipan Hotel Casino and Assets for $10M

Record-Breaking Jackpot of $6.5 Million Won at BetMGM Casino

Michigan’s iGaming and Sports Betting Revenues Surge in July

Sands China Unveils Overhauls Londoner Grand Just in Time for Golden Week

Bloomberry Expands Online Gaming as Solaire North Edges Toward Profit

Nevada Racehorse Trainer Banned After Cocaine Doping Scandal

Texas Lottery Faces Lawsuit Over Sudden Ban on Courier Services

NBA Triple Double Power Combo Slot Goes Live on Caesars Platforms