Economy/Finance | World Casino News

Melco Resorts and Entertainment Limited initiates job reduction scheme

May 13, 2019

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

In an attempt to help shield itself from an anticipated drop-off in Macau’s future VIP gaming market, Asian casino operator, Melco Resorts and Entertainment Limited, has reportedly initiated a scheme that is of...

Controversial amendments added to proposed Illinois sportsbetting legislation

Adam Morgan

May 11, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Economy/Finance, Licenses, Online Gambling News, Sports betting, Illinois, Licensing

In Illinois, two amendments were reportedly added to the state’s proposed sportsbetting legalization measure earlier this week that could eventually require some licensed operators to pay a tax rate of up to 25...

Donaco International Limited co-founder wins action against hungry investor

Adam Morgan

May 8, 2019

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

The co-founder of Asian casino operator, Donaco International Limited, has reportedly succeeded in an effort to stop regional investments firm Orchard Capital Partners from acquiring an even greater stake in hi...

Treasure Island Las Vegas owner keen on acquiring more properties

Adam Morgan

May 6, 2019

Casino Sales, Las Vegas, Casino News, Latest Casino and Gambling News, New Hotels, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships

The billionaire owner of the Treasure Island Las Vegas integrated casino resort has reportedly declared that he would be interested in buying any Las Vegas Strip property Caesars Entertainment Corporation may c...

Studio City Macau investor files for bankruptcy in the United States

Adam Morgan

May 3, 2019

Casino News, Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Bankruptcy

A firm with a minority stake in the operator behind the giant Studio City Macau integrated casino resort has reportedly filed for permission to institute Chapter 11 bankruptcy protections after being unable to ...

Macau gaming industry due to face significant shortfall in local workforce

Adam Morgan

May 3, 2019

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

In Macau, a recent government-backed investigation of the local labor market has reportedly found that the city’s gaming industry is likely set to face a shortfall of well in excess of 7,000 native workers by 2...

Casino-operating Fertitta brothers come under fire in Nevada

Adam Morgan

May 2, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

In Nevada, the Culinary Workers Union has officially asked the United States Securities and Exchange Commission (SEC) as well as the NASDAQ bourse to investigate whether the brothers in control of American casi...

Macau records disappointing April aggregated gaming revenues

Adam Morgan

May 1, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Last month reportedly saw the over 30 casinos in Macau chalk up an 8.3% decrease year-on-year in aggregated gross gaming revenues to just over $2.91 billion to leave the comparable four-month tally some 2.4% lo...

MGM Resorts International remains on the lookout for more Japanese partners

Adam Morgan

April 30, 2019

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

The boss for American casino operator, MGM Resorts International, has reportedly declared that his firm is interested in attracting even more partners to help it win the right to bring an integrated casino reso...

Sands China Limited due to retain dominant Macau position into the future

Adam Morgan

April 29, 2019

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

The Sands China Limited subordinate of American casino giant, Las Vegas Sands Corporation, is likely to retain its position as the ‘largest operator’ in Macau’s mass-market gaming industry over the course of th...

Del Lago Resort and Casino seeking permission to reduce the size of its gaming portfolio

Adam Morgan

April 29, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, The Players Lounge, Licenses, Sports betting, New York

In northern New York, Del Lago Resort and Casino has reportedly asked for official regulator permission to reduce its inventory of slots and gaming tables by some 15% so that it may better concentrate on launch...

Macau expecting to register record-breaking Labor Day tourist numbers

Adam Morgan

April 27, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

After welcoming a record number of tourists over the most recent Chinese New Year period, Macau is reportedly now expecting to chalk up as much as a 20% rise year-on-year in visitations for next week’s four-day...

Cost-saving initiative leads to job losses at MGM Resorts International

Adam Morgan

April 26, 2019

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Labor Relations

American casino operator, MGM Resorts International, has reportedly followed through with a portion of a cost-saving initiatives first unveiled in January by announcing the immediate elimination of some 254 sen...

‘Imminent’ re-opening for the Philippines’ shuttered Casablanca Casino

Adam Morgan

April 25, 2019

Casino News, Latest Casino and Gambling News, Casino openings, Economy/Finance, Philippines

In the Philippines, local casino operator, Frontier Capital Group Limited, has reportedly announced that it is planning an ‘imminent’ re-opening of its shuttered Casablanca Casino after being able to settle an ...

Wage dispute leads to picket lines outside Circus Circus Reno

Adam Morgan

April 24, 2019

Casino News, Latest Casino and Gambling News, Economy/Finance, Labor Relations, Nevada

In Nevada, members of the Local 226 branch of the Culinary Workers Union reportedly picketed Circus Circus Reno last Thursday as part of an ongoing pay dispute with American casino operator Eldorado Resorts Inc...

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Melco Resorts and Entertainment Limited initiates job reduction scheme

Controversial amendments added to proposed Illinois sportsbetting legislation

Donaco International Limited co-founder wins action against hungry investor

Treasure Island Las Vegas owner keen on acquiring more properties

Studio City Macau investor files for bankruptcy in the United States

Macau gaming industry due to face significant shortfall in local workforce

Casino-operating Fertitta brothers come under fire in Nevada

Macau records disappointing April aggregated gaming revenues

MGM Resorts International remains on the lookout for more Japanese partners

Sands China Limited due to retain dominant Macau position into the future

Del Lago Resort and Casino seeking permission to reduce the size of its gaming portfolio

Macau expecting to register record-breaking Labor Day tourist numbers

Cost-saving initiative leads to job losses at MGM Resorts International

‘Imminent’ re-opening for the Philippines’ shuttered Casablanca Casino

Wage dispute leads to picket lines outside Circus Circus Reno

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