Economy/Finance | World Casino News

Newly-opened Prairie Flower Casino facing legal challenges

March 4, 2019

Latest Casino and Gambling News, Tribal Gaming, Casino News, Casino project updates, Economy/Finance, Fines, Lawsuits & Litigation, Iowa

Some four months after premiering its $10 million Prairie Flower Casino in western Iowa and the federally-recognized, Ponca Tribe of Nebraska, is now reportedly facing a legal fight to keep the facility open. ...

Caesars Entertainment Corporation inks Carl Icahn agreement

Adam Morgan

March 4, 2019

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

American land-based casino operator, Caesars Entertainment Corporation, has announced the signing of a deal with Carl Icahn (pictured) that has seen it allow the billionaire investor to name a trio of new direc...

Macau records improved February aggregated gross gaming revenues

Adam Morgan

March 1, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Last month reportedly saw the over 30 casinos in Macau record a 4.4% increase year-on-year in aggregated gross gaming revenues to $3.13 billion thanks in large part to a 26.6% rise in the number of those who ha...

Diamond Fortune Holdings secures Imperial investment

Adam Morgan

February 28, 2019

Casino News, Latest Casino and Gambling News, Casino proposals, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

In Russia, Diamond Fortune Holdings has reportedly announced that a Japanese firm has agreed to invest in its envisioned integrated casino resort for the Primorye Integrated Entertainment Resort zone near the p...

Macau cracking down on illicit currency exchange activities

Adam Morgan

February 27, 2019

Latest Casino and Gambling News, Money Laundering, Economy/Finance, Macau, Crime, Racketeering, Financial Fraud

The highest ranking security official in Macau has reportedly announced that some 3,050 foreigners had been arrested either inside or near a casino last year on suspicion of being involved in illegal currency e...

Indiana State Senate passes expanded gaming legislation

Adam Morgan

February 27, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Economy/Finance, Licenses, Online Gambling News, Sports betting, Indiana

In Indiana, proposed legislation that would allow local casino operator, Spectacle Entertainment, to relocate one of its riverboat gambling licenses to a land-based site in the city of Terre Haute has reportedl...

Kentucky moves a step closer to legalized sportsbetting

Adam Morgan

February 22, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Online Poker, The Players Lounge, Online Gambling News, Sports betting, Fantasy Sports, Kentucky

In the southern American state of Kentucky, proposed legislation that would legalize some forms of sportsbetting as well as daily fantasy sports and online poker has reportedly successfully cleared its first hu...

Acquisition proves wise for Caesars Entertainment Corporation

Adam Morgan

February 22, 2019

U.S.A., Las Vegas, Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships

American casino operator, Caesars Entertainment Corporation, has released its unaudited financial results for 2018 showing that it had experienced a 2.7% increase year-on-year in enterprise-wide net revenues to...

Lawrence Ho ups stake in Melco Resorts and Entertainment Ltd.

Kim M

February 22, 2019

Latest Casino and Gambling News, Casino News, Economy/Finance, Asian Casino News, Macau

For the second time since November, Hong Kong-based businessman, Lawrence Ho Yau Lung, has reportedly increased his stake in Melco Resorts and Entertainment Limited, (NASDAQ: MLCO). According to GGRAsia repo...

Philippines casino industry records a successful year

Adam Morgan

February 20, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

In the Philippines, last year reportedly saw annual aggregated gross gaming revenues increase by 22.9% year-on-year to top $3.6 billion as the combined figure for the Asian nation’s private-sector casino indust...

Amax International Holdings Ltd disposes of Greek Mythology Casino interest

Sadonna Price

February 20, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

This week, it was announced that Amax International Holdings Ltd (HKEx:959) has decided to sell their interest in a business that used to operate the Macau-based, Greek Mythology Casino. The casino has been shu...

Pennsylvania benefits from January sports wagering

Adam Morgan

February 19, 2019

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

Last month reportedly saw the six fledgling sportsbooks in Pennsylvania contribute some $938,597 in tax after their aggregated revenues hit $2.6 million off of a combined handle that reached slightly in excess ...

New currency rules may negatively impact Macau casinos

Adam Morgan

February 16, 2019

Gaming Law & Legislation, Latest Casino and Gambling News, Economy/Finance, Macau

The local branch of global brokerage firm Sanford C Bernstein and Company has reportedly detailed that it is still too early to tell what impact recently-tightened foreign currency transaction rules will have o...

Atlantic City posts positive January results

Adam Morgan

February 15, 2019

Latest Casino and Gambling News, Economy/Finance, New Jersey

The nine-casino market in Atlantic City reportedly had a good January after recording an almost 20% increase year-on-year in aggregated gross gaming revenues to $229.6 million helped by a 53% overall rise in ta...

MGM China Holdings Limited benefits from MGM Cotai launch

Adam Morgan

February 14, 2019

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

Asian casino operator, MGM China Holdings Limited, has released its financial results for 2018 showing that it had experienced a 33% increase year-on-year in group-wide revenues to $2.44 billion alongside an as...

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Newly-opened Prairie Flower Casino facing legal challenges

Caesars Entertainment Corporation inks Carl Icahn agreement

Macau records improved February aggregated gross gaming revenues

Diamond Fortune Holdings secures Imperial investment

Macau cracking down on illicit currency exchange activities

Indiana State Senate passes expanded gaming legislation

Kentucky moves a step closer to legalized sportsbetting

Acquisition proves wise for Caesars Entertainment Corporation

Lawrence Ho ups stake in Melco Resorts and Entertainment Ltd.

Philippines casino industry records a successful year

Amax International Holdings Ltd disposes of Greek Mythology Casino interest

Pennsylvania benefits from January sports wagering

New currency rules may negatively impact Macau casinos

Atlantic City posts positive January results

MGM China Holdings Limited benefits from MGM Cotai launch

New Jersey’s April Gaming Report Shows Online Surge, Retail Struggles

Missouri Confirms Sports Betting Start Date: Launch Set for December 1

PointsBet Penalised AU$500K for Illegal Marketing and Self-Exclusion Violations

Japan Moves to Crack Down on Illegal Online Casinos Amid Growing Gambling Concerns

$827 Million Grand Lucayan Redevelopment Set to Revitalize Grand Bahama