Economy/Finance | World Casino News

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

April 24, 2019

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

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced the completion of a deal that has seen it pay approximately $91.5 million in order to acquire a controlling stake in Russian casin...

Macau sees solid tax revenue increase from gaming for first quarter of 2019

Sadonna Price

April 24, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The first quarter numbers are in for Macau, with 2019 already resulting in a nice increase in gaming tax revenue. Macau has seen over MOP29.64 billion generated, which equals to $3.67 billion USD. The Financial...

City of Dreams Manila developer eyeing possible Philippines expansion

Adam Morgan

April 23, 2019

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

One of the firms behind the City of Dreams Manila integrated casino resort has reportedly revealed that it is studying the possibility of opening a second such venue in the Philippines but has yet to identify a...

Declining casino revenue to see fire department leave Tunica, Mississippi

Kim M

April 23, 2019

Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mississippi

Declining revenues from the county's casinos are reportedly responsible for the coming departure from north Tunica County by the Rural Metro Fire Department at the end of next month. The late May exit comes ...

Seneca Nation of Indians seeking federal help in New York revenue-sharing row

Adam Morgan

April 22, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Economy/Finance, Fines, Lawsuits & Litigation, New York

The casino-operating Seneca Nation of Indians has reportedly asked the federal government via the United States Department of the Interior to intervene in its long-running revenue-sharing disagreement with the ...

Potential sale on the cards for The Cosmopolitan of Las Vegas

Adam Morgan

April 19, 2019

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

American private equity firm, Blackstone Group LP, has reportedly retained the services of financial services experts, PJT Partners Incorporated, and Deutsche Bank AG in order to explore the possibility of sell...

Genting Malaysia Berhad being advised not to overextend its reach

Adam Morgan

April 18, 2019

Casino News, Latest Casino and Gambling News, Las Vegas, Casino expansion projects, Casino project updates, Economy/Finance, Singapore

Asian casino operator, Genting Malaysia Berhad, reportedly ‘has the liquidity’ to complete the development of large projects in Las Vegas and Singapore but may jeopardize its future ‘deleveraging trajectory’ by...

Pennsylvania’s sports betting industry earns sizeable return for March

Sadonna Price

April 17, 2019

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

The Pennsylvania Gaming Control Board has posted the sports wagering report for the month of March, showing the new industry earned just over $5.5 million in revenues. Six venues have been fully operational dur...

Tiverton Casino Hotel Reaching $1m Mark in Gambling Revenues for Tiverton

Sadonna Price

April 15, 2019

Latest Casino and Gambling News, Economy/Finance, Rhode Island

Since opening on September 1st, 2018, the Tiverton Casino Hotel has been successful, now nearly the $1 million mark in regard to gambling revenues for Tiverton. Recent reports show that as of April 11th, the g...

Lucrative ‘March Madness’ action for New Jersey sportsbooks

Adam Morgan

April 15, 2019

NCAA, Latest Casino and Gambling News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, New Jersey

The online gambling news domain at PlayNJ.com has announced that this year’s edition of the NCAA Division I Men’s Basketball Tournament played a significant role in helping New Jersey’s land-based and virtual s...

Study recommends relocating two Shreveport-area casinos

Adam Morgan

April 12, 2019

Casino Sales, Casino News, Latest Casino and Gambling News, Economy/Finance, Louisiana

In Louisiana, a new study from Spectrum Gaming Group has reportedly determined that a pair of under-performing riverboat casinos located near the city of Shreveport would benefit by being moved to other areas o...

Summer start for construction on Quezon City integrated casino resort

Adam Morgan

April 12, 2019

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

In the Philippines, Bloomberry Resorts Corporation could reportedly begin work to bring a new integrated casino resort to the under-construction Ayala Malls Vertis North retail complex in the northern Manila su...

American casino developer Bruce Deifik dies in Denver aged 64

Adam Morgan

April 11, 2019

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

The billionaire American property developer who once controlled Atlantic City’s Ocean Resort Casino, Bruce Deifik (pictured), reportedly died on Sunday evening after suffering an apparent cardiac arrest while d...

Crown Resorts Limited divulges takeover talks involvement

Adam Morgan

April 11, 2019

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

Australian casino operator, Crown Resorts Limited, has reportedly revealed that it is holding talks regarding a $7.1 billion deal that could see it sold to American counterpart, Wynn Resorts Limited. Private...

Mainland China lottery sales see an 8.8 percent drop in February

Kim M

April 2, 2019

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

1

A departure from the previous two months, Mainland China, experienced an 8.8 percent drop in aggregated lottery sales, which came in at CNY23.41 billion (US$3.49 billion) for February 2019, when compared with t...

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Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Macau sees solid tax revenue increase from gaming for first quarter of 2019

City of Dreams Manila developer eyeing possible Philippines expansion

Declining casino revenue to see fire department leave Tunica, Mississippi

Potential sale on the cards for The Cosmopolitan of Las Vegas

Genting Malaysia Berhad being advised not to overextend its reach

Pennsylvania’s sports betting industry earns sizeable return for March

Tiverton Casino Hotel Reaching $1m Mark in Gambling Revenues for Tiverton

Lucrative ‘March Madness’ action for New Jersey sportsbooks

Study recommends relocating two Shreveport-area casinos

Summer start for construction on Quezon City integrated casino resort

American casino developer Bruce Deifik dies in Denver aged 64

Crown Resorts Limited divulges takeover talks involvement

Mainland China lottery sales see an 8.8 percent drop in February

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