Economy/Finance | World Casino News

Oxford Casino revenue up; Maine town receives $180k more in 2018

January 28, 2019

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

In Maine, the small town of Oxford saw an uptick last year in the amount of revenue it received from the Oxford Casino Hotel versus its take from 2017. According to the Press Herald... In 2018, the town o...

Casino Di Campione closure leaves local community worried

Adam Morgan

January 28, 2019

Latest Casino and Gambling News, Casino News, Casino closures, Economy/Finance, Italy

In northern Italy, last summer’s decision to temporarily close one of Europe’s oldest casinos has reportedly devastated its host community and left over 200 creditors out of pocket to the combined tune of appro...

Macau proves important for Las Vegas Sands Corporation

Adam Morgan

January 26, 2019

Latest Casino and Gambling News, U.S.A., Economy/Finance, Macau, Singapore

Las Vegas Sands Corporation has released its unaudited financial results for 2018 showing that it experienced a 7.8% increase year-on-year in net revenues to $13.729 billion alongside an associated 8% rise in c...

Macau expecting substantial increase in annual tourist numbers

Adam Morgan

January 24, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, a prominent government official has reportedly declared that she is expecting the number of tourists visiting the former Portuguese enclave over the course of 2019 to increase by up to 6% year-on-year...

Philippines annual gross gaming revenues reach an all-time high

Adam Morgan

January 24, 2019

Latest Casino and Gambling News, Economy/Finance, Philippines

In the Philippines, a steady stream of foreign high-rollers reportedly helped to push aggregated gross gaming revenues for 2018 up by around 13% year-on-year to hit an all-time high of approximately $3.79 billi...

December sportsbetting revenues skyrocket in Pennsylvania

Adam Morgan

January 24, 2019

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

In Pennsylvania, the premiere of two additional casino-based sportsbooks helped to push December statewide aggregated gross revenues from sports wagering up by just over 294% month-on-month to slightly over $2 ...

Macau gaming market to face contraction in 2019

Adam Morgan

January 22, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Investors in Macau’s casino industry have reportedly been warned to expect gaming revenues to contract by low single digits this year due to the impacts of a cooling Chinese economy alongside that nation’s ongo...

Kirk Adams hired to assist in Arizona tribal compact renegotiations

Adam Morgan

January 18, 2019

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

A little over a month after resigning as Chief of Staff for Arizona Governor, Doug Ducey (pictured left), and Kirk Adams (pictured right), has reportedly been hired by his former boss to oversee gaming and wate...

Sands China announces “discretionary bonus and wage adjustment”

Kim M

January 18, 2019

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Macau, Labor Relations

Integrated resort developer and operator in Macau, Sands China Ltd (1928:Hong Kong), has reportedly paid all of its eligible employees a discretionary bonus, the equivalent to a month's wages, according to the ...

Wynn Macau Limited to hand out employee ‘winter bonus’

Adam Morgan

January 16, 2019

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

Asian casino giant Wynn Macau Limited has reportedly declared that it will be rewarding eligible employees at its Wynn Palace Cotai and Wynn Macau integrated casino resorts with a ‘winter bonus’ set to be equiv...

Atlantic City casino market records higher annual gaming revenues

Adam Morgan

January 16, 2019

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

The Atlantic City casino market had a good 2018 after its nine venues managed to record a 9.2% increase year-on-year in annual aggregated gross gaming revenues to just over $2.9 billion and take in a combined $...

American casino operators to face possible challenges in Macau

Adam Morgan

January 15, 2019

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

In Macau, a slowing economy alongside the prospects of a heightened trade war between the United States and China could reportedly lead to significant challenges for the three foreign gambling firms that operat...

Annual figures published for Okada Manila

Adam Morgan

January 11, 2019

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

Japanese pachinko, slot and arcade games manufacturer, Universal Entertainment Corporation, has reportedly announced that last year saw its Okada Manila integrated casino resort record adjusted earnings before ...

Problems pile up for Ocean Resort Casino in Atlantic City

Sadonna Price

January 10, 2019

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, New Jersey

After opening back in June, the Ocean Resort Casino has failed to gain a foothold in the Atlantic City market. After struggling to keep up with competitors, the casino is now having an issue with construction w...

New York arbitration panel rules against the Seneca Nation of Indians

Adam Morgan

January 10, 2019

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

In New York, a three-member arbitration panel has reportedly ruled by a two-to-one margin that the casino-operating Seneca Nation of Indians must resume handing over one-quarter of its slot revenues to the stat...

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Oxford Casino revenue up; Maine town receives $180k more in 2018

Casino Di Campione closure leaves local community worried

Macau proves important for Las Vegas Sands Corporation

Macau expecting substantial increase in annual tourist numbers

Philippines annual gross gaming revenues reach an all-time high

December sportsbetting revenues skyrocket in Pennsylvania

Macau gaming market to face contraction in 2019

Kirk Adams hired to assist in Arizona tribal compact renegotiations

Sands China announces “discretionary bonus and wage adjustment”

Wynn Macau Limited to hand out employee ‘winter bonus’

Atlantic City casino market records higher annual gaming revenues

American casino operators to face possible challenges in Macau

Annual figures published for Okada Manila

Problems pile up for Ocean Resort Casino in Atlantic City

New York arbitration panel rules against the Seneca Nation of Indians

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