Economy/Finance | World Casino News

American commercial casino industry records superlative annual figures

June 15, 2019

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

The American Gaming Association (AGA) trade group has announced that last year saw the 465 commercial casinos in the United States record a 3.5% increase year-on-year in aggregated gross gaming revenues to reac...

Mashpee Wampanoag Tribe leadership being accused of deficient fiscal acumen

Adam Morgan

June 13, 2019

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

Ahead of its next general meeting on Sunday and some members of the Mashpee Wampanoag Tribe are reportedly calling for their leadership to be replaced following the emergence of claims that the Massachusetts tr...

New York gaming regulator approves land-based sportsbetting rules

Adam Morgan

June 12, 2019

Tribal Gaming, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Technology, Economy/Finance, Mobile gaming, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, New York

The New York State Gaming Commission unanimously approved rules and regulations on Monday that are to reportedly permit the eastern state’s eleven upstate commercial and tribal casinos to apply for licenses for...

Quezon City votes to bring entry fees to proposed integrated casino resort

Adam Morgan

June 12, 2019

Bingo, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Economy/Finance, Fantasy eSports, Philippines

Civic leaders for Quezon City in the Philippines have reportedly passed a controversial ordinance that would set out some of the regulatory standards for the integrated casino resort, Bloomberry Resorts Corpora...

Ohio records improvements in May casino and racino gaming revenues

Adam Morgan

June 10, 2019

Latest Casino and Gambling News, Economy/Finance, Ohio

The four casinos in Ohio saw their aggregated gross gaming revenues for May rise by 7% year-on-year to $73.5 million while the Midwestern state’s seven racinos continued to perform well as their monthly combine...

Melco Resorts and Entertainment (Philippines) Corporation being de-listed

Adam Morgan

June 10, 2019

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

Asian gaming and entertainments giant, Melco International Development Limited, has reportedly announced that it will be de-listing its Melco Resorts and Entertainment (Philippines) Corporation subordinate from...

PILOT deal could leave Atlantic City facing a shortfall for its 2020 budget

Adam Morgan

June 7, 2019

Gaming Law & Legislation, Latest Casino and Gambling News, Economy/Finance, Sports betting, New Jersey

An obscure provision in a piece of state legislation in New Jersey could reportedly see Atlantic City receive about $14 million less in comparable tax revenues for its 2020 budget despite an uptick in the recen...

Arizona Lottery tops $1billion mark for the first time thanks to record-breaking sales year

Kim M

June 7, 2019

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

For the very first time, the Arizona Lottery's annual sales have reportedly topped the $1 billion mark, having been aided by sales of instant tickets, sizeable national jackpots and the overall expansion of the...

PA Slot Machine Revenue up 2.7% in May; Why do state’s casinos want to halt select lottery games?

Kim M

June 6, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Lottery, Fines, Lawsuits & Litigation, Pennsylvania

Pennsylvania's 12 casinos managed to generate $209.6 million in combined gross revenue from slot machine play during May 2019, a 2.7 percent swell over revenues from the same time last year, according to Pennsy...

Spain Q1 online gaming revenue sees increase of 20%

Kim M

June 4, 2019

Bingo, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Poker, Online Gambling News, Sports betting, Spain

Spain's Q1 online gross gaming revenue reportedly saw a 20 percent year-on-year increase to €193.25m ($216.16m) courtesy of sports betting and casino verticals. Gross gaming revenue for sports betting saw a ...

Melco Resorts and Entertainment Limited’s Australian acquisition facing delays

Adam Morgan

June 4, 2019

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

In Australia and industry sources have reportedly detailed that it could take over a year for Asian casino operator, Melco Resorts and Entertainment Limited, to complete its planned acquisition of a significant...

Macau records reduced quarterly GDP as tourist spend drops

Adam Morgan

June 4, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

The government of Macau reportedly issued a warning yesterday detailing that the city’s first-quarter gross domestic product (GDP) had dropped by some 3.2% year-on-year in real terms due in large part to a down...

Macau records improvement in May aggregated gross gaming revenues

Adam Morgan

June 3, 2019

Latest Casino and Gambling News, Economy/Finance, Macau

Following two months’ of comparative declines, Macau reportedly saw aggregated gross gaming revenues from its collection of over 35 casinos rebound last month courtesy of a 1.8% year-on-year increase to approxi...

MGM Resorts International initiates further round of job cuts

Adam Morgan

June 1, 2019

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

American casino operator MGM Resorts International has reportedly initiated the final stage of the MGM 2020 cost-saving initiative it first unveiled in January by announcing the elimination of a further 1,070 j...

The Rank Group agrees to shell out $145.6 million to acquire Stride Gaming

Adam Morgan

May 31, 2019

Bingo, Latest Casino and Gambling News, Economy/Finance, The Players Lounge, Online Gambling News, Mergers, Acquisitions & Partnerships, United Kingdom

After much industry speculation, land-based and online casino operator, The Rank Group, has now reportedly agreed to spend £115.3 million ($145.6 million) to purchase fellow British firm Stride Gaming. Growi...

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American commercial casino industry records superlative annual figures

Mashpee Wampanoag Tribe leadership being accused of deficient fiscal acumen

Quezon City votes to bring entry fees to proposed integrated casino resort

Ohio records improvements in May casino and racino gaming revenues

Melco Resorts and Entertainment (Philippines) Corporation being de-listed

PILOT deal could leave Atlantic City facing a shortfall for its 2020 budget

Arizona Lottery tops $1billion mark for the first time thanks to record-breaking sales year

PA Slot Machine Revenue up 2.7% in May; Why do state’s casinos want to halt select lottery games?

Spain Q1 online gaming revenue sees increase of 20%

Macau records reduced quarterly GDP as tourist spend drops

Macau records improvement in May aggregated gross gaming revenues

MGM Resorts International initiates further round of job cuts

The Rank Group agrees to shell out $145.6 million to acquire Stride Gaming

Genting to Revive London Trocadero With Casino and Leisure Hub

Americans Call for Gambling Oversight of Sports Event Contracts

$1B Grand Sierra Resort Arena to Transform Reno

Valicy Gaming Emerges After Grover Gaming Sale with Bold Industry Plans

Casino Hearings in Queens and The Bronx Highlight Deep Divides