Economy/Finance | World Casino News

Michigan Lottery contributes a record $941.3 million to the state’s public education in 2018

April 2, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Michigan

Instant games were a major factor in the Michigan Lottery's record-breaking contribution to the state's School Aid Fund in fiscal year 2018, having contributed a whopping $941.3 million to its beneficiary. A...

188Bet.co.uk stops accepting British and Irish wagers

Adam Morgan

March 26, 2019

Isle of man, Latest Casino and Gambling News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

The operator behind the online sportsbetting domain at 188Bet.co.uk has reportedly announced that the site has ceased taking new wagers from punters located in the United Kingdom, Ireland, Gibraltar and the Cha...

Macau to study the possible introduction of a tourist tax

Adam Morgan

March 26, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, officials are reportedly set to study the possibility of introducing a tax on travelers entering the city in order to raise additional revenues for the purposes of further developing its tourist-relat...

MGM Resorts International establishes Japanese partnership

Adam Morgan

March 25, 2019

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

American casino operator MGM Resorts International has reportedly inked deal that is to see it partner with local financial services firm Orix Corporation in hopes of bringing an integrated casino resort to the...

Genting Malaysia Berhad agrees Maxims Casino Club sale

Adam Morgan

March 25, 2019

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

Asian casino operator, Genting Malaysia Berhad, has announced the signing of a deal that is to see it earn approximately $45.79 million by selling the subsidiary that is responsible for running the United Kingd...

Asia Pioneer Entertainment Limited heralds banner financial results

Adam Morgan

March 21, 2019

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

In Macau, electronic gaming machine distributor, Asia Pioneer Entertainment Limited has announced that 2018 saw its annual profit swell by some 360.8% year-on-year to reach just over $2.63 million thanks to an ...

Silver Heritage Group Limited agrees Vietnam compensation deal

Adam Morgan

March 20, 2019

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

Asian casino operator, Silver Heritage Group Limited, has announced that it is to receive some $5.25 million in compensation after agreeing a deal linked to the recent closure of its gaming operation inside nor...

Value of online gambling-focused crypto-currencies tops $100 million

Adam Morgan

March 20, 2019

Latest Casino and Gambling News, Online gaming software, Technology, Economy/Finance, The Players Lounge, Online Gambling News, United Kingdom

Crypto-currencies exclusively dedicated to online gambling reportedly have a current aggregated value of more than $100 million and this market is expected to become increasingly lucrative thanks to the emergen...

Pollard Banknote Limited inks ten-year BCLC contract extension

Adam Morgan

March 19, 2019

Latest Casino and Gambling News, British Columbia, Economy/Finance, Lottery, Mergers, Acquisitions & Partnerships

North American lottery products innovator, Pollard Banknote Limited, has announced the signing of a decade-long deal that is to see it continue providing the British Columbia Lottery Corporation (BCLC) with ins...

MGM China Holdings Limited to benefit from contract extension

Adam Morgan

March 18, 2019

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

The recent decision by the government of Macau to extend the casino license of MGM China Holdings Limited by a further two years will allow the operator to improve its ‘capacity to finance the business’ and pre...

Chinese firm granted Jeju casino resort approval

Adam Morgan

March 18, 2019

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

Chinese real estate developer, New Silkroad Culturaltainment Limited, has announced that the governor for the South Korean island province of Jeju has given one of its subsidiaries formal permission to begin de...

Positive prediction for ‘March Madness’ sportsbetting landscape

Adam Morgan

March 18, 2019

NCAA, Latest Casino and Gambling News, U.S.A., Economy/Finance, Online Gambling News, Sports betting

An investigation from the American Gaming Association (AGA) has forecast that some 47 million punters will likely place a bet tied to this year’s edition of the NCAA Division I Men’s Basketball Tournament. B...

Gaming tax revenues continue to rise in Macau

Adam Morgan

March 14, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government for Macau has reportedly announced that the amount of tax it collected directly from gaming operations over the first two months of 2019 increased by almost 4.8% year-on-year to reach in excess o...

Limited pool for Caesars Entertainment Corporation buyers

Adam Morgan

March 13, 2019

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

There are reportedly only three American casino operators that currently have enough financial clout to purchase the entirety of Caesars Entertainment Corporation while any other such interested local parties w...

Reported gambling addiction numbers drop in Macau

Adam Morgan

March 13, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, last year reportedly saw some 133 people sign up to the city’s Central Registry System of Individuals with Gambling Disorders so that they could receive help for a suspected addiction to gambling. ...

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Michigan Lottery contributes a record $941.3 million to the state’s public education in 2018

188Bet.co.uk stops accepting British and Irish wagers

Macau to study the possible introduction of a tourist tax

MGM Resorts International establishes Japanese partnership

Genting Malaysia Berhad agrees Maxims Casino Club sale

Asia Pioneer Entertainment Limited heralds banner financial results

Silver Heritage Group Limited agrees Vietnam compensation deal

Value of online gambling-focused crypto-currencies tops $100 million

Pollard Banknote Limited inks ten-year BCLC contract extension

MGM China Holdings Limited to benefit from contract extension

Chinese firm granted Jeju casino resort approval

Positive prediction for ‘March Madness’ sportsbetting landscape

Gaming tax revenues continue to rise in Macau

Limited pool for Caesars Entertainment Corporation buyers

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