Economy/Finance | World Casino News

Macau expecting to register record-breaking Labor Day tourist numbers

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

Latest Casino and Gambling News, Casino 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

Latest Casino and Gambling News, Casino 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...

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Adam Morgan

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

Latest Casino and Gambling News, Casino proposals, Casino 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

Latest Casino and Gambling News, Casino 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, Latest Casino and Gambling News, Las Vegas, Casino 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

Latest Casino and Gambling News, Las Vegas, Casino News, 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, Latest Casino and Gambling News, Casino 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...

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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

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

Sri Lanka to Establish Gambling Regulatory Authority by June 2026

Nevada Court Grants Aristocrat Access to Light & Wonder’s Math Models

U.S. Sweepstakes Casinos Surge Amid Regulation Gaps and Investor Optimism

SL Green CEO Holds Out Hope for Times Square Casino Amid Setbacks

Chicago Proposes 10.25% Sports Betting Tax for 2026 Budget