Economy/Finance | World Casino News

Atlantic City casinos experienced a disappointing February

March 18, 2018

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

It was reportedly a rough February for the seven casinos in Atlantic City as aggregated land-based gross gambling revenues for the 28-day month fell by some 9% year-on-year to $170.1 million. According to a ...

Steve Wynn now free to sell his stake in Wynn Resorts Limited

Adam Morgan

March 16, 2018

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

American casino magnate Steve Wynn (pictured) may now reportedly be seeking to offload his around 12% stake in Wynn Resorts Limited following last week’s inking of a settlement agreement with former majority sh...

Detroit’s three casinos see decline in Feb. revenue

Kim M

March 16, 2018

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

Reporting aggregate revenue of $110 million during February, Detroit’s three casinos saw a 6.1% drop compared with results from the same time last year. Revenue from January and February this year fell 3.3% fro...

February revenues increase for Ohio full-service casinos

Sadonna Price

March 12, 2018

Latest Casino and Gambling News, Economy/Finance, Ohio

The month of February was a good one for the full-service casinos of Ohio. According to recent reports provided by the Ohio Casino Control Commission (pdf), the state saw a slight increase in earnings when comp...

Improved annual results for Paddy Power Betfair

Adam Morgan

March 8, 2018

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

Online and retail sportsbetting and gaming operator Paddy Power Betfair released its preliminary financial results for 2017 yesterday showing that it experienced a 13% increase year-on-year in net revenues to £...

New Jersey online casinos’ success continues into 6th year

Lars Jones

March 5, 2018

Casino News, Latest Casino and Gambling News, Economy/Finance, Online Poker, Licensed online casinos in USA, Sports betting, New Jersey

Last Monday marked the fifth anniversary of New Jersey Gov. Chris Christy signing online gambling legislation into law after the Assembly passed a revised bill (A2578) by a margin of 68-5, and the Senate agreed...

Purchases impact annual results at Red Rock Resorts Incorporated

Adam Morgan

March 2, 2018

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

American casino operator Red Rock Resorts Incorporated has released its financial results for 2017 showing a 59.5% decrease year-on-year in net income to $63 million primarily due to its recent acquisitions of ...

Business improves at Scientific Games Corporation

Adam Morgan

March 2, 2018

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

American gaming products and services giant Scientific Games Corporation has released its financial results for the twelve months to the end of December showing an almost 7% increase year-on-year in overall rev...

Casino revenue growth in Macau fails to meet expectations in Feb

Kim M

March 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

Falling short of analysts’ expectations, gambling revenue in Macau saw only a 5.7% increase in February in spite of the Lunar New Year holiday, during which time the casino market in the Chinese territory typic...

Profitable year for Galaxy Entertainment Group Limited

Adam Morgan

March 2, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

Asian casino operator Galaxy Entertainment Group Limited has released its financial results for 2017 showing a 61% increase year-on-year in adjusted net profit to $1.4 billion alongside an 18% rise in overall r...

Pay rise for Galaxy Entertainment Group Limited employees

Adam Morgan

February 28, 2018

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

In Macau, casino operator Galaxy Entertainment Group Limited has reportedly announced that eligible employees are due to receive a pay increase from the first day of April that could be equivalent to up to 8% o...

Nottawaseppi Huron Band sets third straight revenue sharing record in Michigan

Kim M

February 27, 2018

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Michigan

The Nottawaseppi Huron Band of the Potawatomi (NHBP) announced on Monday, last year’s revenue sharing payments to the State of Michigan and the FireKeepers Local Revenue Sharing Board (FLRSB) from its FireKeepe...

Mississippi casino revenue drops first month of 2018

Sadonna Price

February 26, 2018

Latest Casino and Gambling News, Economy/Finance, Mississippi

Mississippi casino's got off to a slow start this year as those located along the Mississippi River and Gulf Coast saw a sharp decline in revenue for January. For the month, figures released by the Mississippi...

Crown Resorts Limited six-month financials buoyed by VIP play

Adam Morgan

February 23, 2018

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

In Australia, domestic casino operator Crown Resorts Limited has released its financial results for the six months to the end of December showing that it posted a 1.4% increase year-on-year in overall revenues ...

Sunday premiere for Jeju Shinhwa World casino

Adam Morgan

February 23, 2018

Latest Casino and Gambling News, Casino openings, Economy/Finance, South Korea

In South Korea, real estate firm Landing International Development Limited has reportedly announced that it will open the 59,201 sq ft casino for its giant Jeju Shinhwa World project on Sunday. According to ...

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Atlantic City casinos experienced a disappointing February

Steve Wynn now free to sell his stake in Wynn Resorts Limited

Detroit’s three casinos see decline in Feb. revenue

February revenues increase for Ohio full-service casinos

Improved annual results for Paddy Power Betfair

New Jersey online casinos’ success continues into 6th year

Purchases impact annual results at Red Rock Resorts Incorporated

Business improves at Scientific Games Corporation

Casino revenue growth in Macau fails to meet expectations in Feb

Profitable year for Galaxy Entertainment Group Limited

Pay rise for Galaxy Entertainment Group Limited employees

Mississippi casino revenue drops first month of 2018

Crown Resorts Limited six-month financials buoyed by VIP play

Sunday premiere for Jeju Shinhwa World casino

Japan Moves to Crack Down on Illegal Online Casinos Amid Growing Gambling Concerns

$827 Million Grand Lucayan Redevelopment Set to Revitalize Grand Bahama

Macau Sees Dip in Public Revenue Amid Stagnant Gaming Tax Income

Grand Ho Tram Breaks Ground on $1 Billion Expansion to Boost Vietnam Tourism

Bally’s Resumes Chicago Casino Construction After Vendor Dispute