Economy/Finance | World Casino News

AGA event highlights importance of gaming to Pennsylvania economy

May 30, 2019

Latest Casino and Gambling News, Economy/Finance, Conferences / Trade Shows, Pennsylvania

The American Gaming Association (AGA) trade group has announced that the twelve casinos and racinos in the state of Pennsylvania collectively support in excess of 33,000 jobs alongside some $1.8 billion in aggr...

Macau records improved four-month gaming tax revenues

Adam Morgan

May 29, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected over the course of the first four months of 2019 directly from gaming operations had risen by some 4.4% year-on-year to reac...

Widus Hotel and Casino operator secures loan for future expansion

Adam Morgan

May 29, 2019

Casino News, Latest Casino and Gambling News, New Hotels, Casino expansion projects, Economy/Finance, Philippines

In the Philippines, the operator behind the Widus Hotel and Casino has reportedly announced that it has secured a syndicated loan worth approximately $133.9 million that it intends to use in order to help bring...

Shareholders hoping to shake things up at Donaco International Limited

Adam Morgan

May 27, 2019

Casino Sales, Latest Casino and Gambling News, Australia, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships

Asian casino operator, Donaco International Limited, has reportedly announced that it will be holding an extraordinary general meeting within the next two months after three of its principal shareholders called...

Udenna Corporation to double-down on Philippines casino resort plan

Adam Morgan

May 24, 2019

Casino News, Latest Casino and Gambling News, Casino proposals, New Hotels, Economy/Finance, Mergers, Acquisitions & Partnerships, Philippines

In the Philippines, local trading and shipping firm Udenna Corporation has reportedly announced that it is to make a second run at raising enough cash to build a new $600 million integrated casino resort on the...

Disappointing April for Chinese lottery sales

Adam Morgan

May 23, 2019

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

In China, last month reportedly saw aggregated lottery product sales decrease by some 13.7% year-on-year to approximately ¥35.99 billion ($5.21 billion) with comparative figures improving in only two of the gia...

New South Wales’ electronic gaming machine market see rise

Adam Morgan

May 23, 2019

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

The government for New South Wales has published official figures showing that the final six months of 2018 had seen electronic gaming machines in the Australian state record an almost 2.3% rise year-on-year in...

Low unemployment rate to impact Japanese casino license winners

Adam Morgan

May 20, 2019

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Japan, Licenses

Foreign gaming firms that win the three integrated casino resort licenses being put up for grabs in Japan could face problems in hiring the thousands of employees such venues would require due to the nation cur...

First-quarter results highlight the importance of Entertainment City

Adam Morgan

May 17, 2019

Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Philippines

The gaming industry in the Philippines reportedly recorded aggregated first-quarter gross gaming revenues of just over $1.1 billion with the majority of this at around $756 million having come from the three La...

Imperial Palace Saipan development secures $500 million loan

Adam Morgan

May 16, 2019

Latest Casino and Gambling News, Casino News, New Hotels, Gaming Industry News, Casino project updates, Saipan, Economy/Finance, Mergers, Acquisitions & Partnerships

In the Commonwealth of the Northern Mariana Islands, Imperial Pacific International Holdings Limited has reportedly announced that it has secured a large loan to help it complete construction on the first stage...

iGaming helps Atlantic City casino market to record a successful April

Adam Morgan

May 15, 2019

Latest Casino and Gambling News, Economy/Finance, Sports betting, Online Gambling News, New Jersey

The nine-casino market in Atlantic City reportedly had a very good April after chalking up a 23.8% rise year-on-year in aggregated gross gaming revenues to $265.4 million inclusive of a 58.9% overall increase i...

Seminole Tribe of Florida stops making revenue sharing payments

Adam Morgan

May 15, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Economy/Finance, Licenses, Florida

The Seminole Tribe of Florida has reportedly told legislators in Tallahassee that it is to cease making its monthly revenue sharing payments until the state officially settles a long-running dispute concerning ...

Philippines casino market predicted to outpace competition

Adam Morgan

May 14, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

New research from financial services firm Morgan Stanley Asia Limited has reportedly determined that the casino market in the Philippines is ‘growing faster’ than the analogous sectors of Macau, Las Vegas and S...

MGM Resorts International subsidiary to submit official Osaka casino proposal

Adam Morgan

May 14, 2019

Casino proposals, Casino News, Latest Casino and Gambling News, Economy/Finance, Japan, Mergers, Acquisitions & Partnerships

The boss for the Japanese subsidiary of giant American casino operator, MGM Resorts International, has reportedly revealed that his firm will be submitting an official proposal in hopes of winning the right to ...

Rodrigo Duterte changes stance on some forms of illegal gambling

Adam Morgan

May 13, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Online gambling regulation, Economy/Finance, Unlicensed Operation, Licenses, Online Gambling News, Crime, Philippines

Philippines President, Rodrigo Duterte (pictured), has reportedly conceded something of a defeat in his long-running campaign against illegal gambling by revealing that he can now only encourage people not to e...

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Macau records improved four-month gaming tax revenues

Widus Hotel and Casino operator secures loan for future expansion

Shareholders hoping to shake things up at Donaco International Limited

Udenna Corporation to double-down on Philippines casino resort plan

Disappointing April for Chinese lottery sales

New South Wales’ electronic gaming machine market see rise

Low unemployment rate to impact Japanese casino license winners

First-quarter results highlight the importance of Entertainment City

Imperial Palace Saipan development secures $500 million loan

iGaming helps Atlantic City casino market to record a successful April

Philippines casino market predicted to outpace competition

MGM Resorts International subsidiary to submit official Osaka casino proposal

Rodrigo Duterte changes stance on some forms of illegal gambling

Malik Beasley Under Federal Scrutiny for Alleged NBA Gambling Ties

VNLOK and NOGA Merge to Form Single Voice for Dutch Online Gambling

Vietnam Approves $2 Billion Casino-Resort in Van Don

Hacksaw Gaming Expands in Italy with Sportbet; Launches Le King Slot

Thai Government Puts Off Casino Bill Debate Amid Rising Opposition