Economy/Finance | World Casino News

Genting Group book-building exercise meets with success

January 20, 2017

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

An effort by Malaysian casino giant Genting Group to raise some $1 billion in cash has reportedly met with success after its recent offer of guaranteed unsecured fixed-rate notes due in 2027 was met with an alm...

Good year for Macau casino entrepreneurs

Adam Morgan

January 18, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

After suffering through 26 months of decline, the previous five months have seen the casino market in Macau post improvements in aggregated gross gambling revenues and this has reportedly helped some of the fig...

Court approves Caesars bankruptcy plan to emerge in 2017 with $10 billion less debt

Lars Jones

January 18, 2017

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Illinois

In a press relief noted for its brevity compared to the gravity lifted, Caesars Entertainment Corporation (NASDAQ: CZR) has seen its operating company's bankruptcy reorganization plan finally approved allowing ...

Table games help Pennsylvania casinos report record-breaking year

Adam Morgan

January 18, 2017

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The twelve casinos in Pennsylvania had a record-breaking year in 2016 as their combined gross gaming revenues improved by 1.25% year-on-year to hit $3.21 billion thanks in large part to an all-time high in taki...

Olympic Entertainment Group going online via new Malta subsidiary

Adam Morgan

January 16, 2017

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Malta

After its Polish land-based casino operating subsidiary filed for bankruptcy protections earlier this month, Eastern European casino operator Olympic Entertainment Group has now reportedly established a new onl...

Online earnings help bottom lines at Atlantic City casinos

Adam Morgan

January 14, 2017

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

Last year reportedly saw Atlantic City post its first increase in annual casino aggregated gross gaming revenues in a decade to $2.6 billion thanks in large part to a 32% rise year-on-year in earnings from onli...

World Poker Tour Acquire WPTDeepStacks

Alex Lanter

January 13, 2017

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

Nearly three years after starting a strategic partnership agreement with WTPDeepStacks Poker Tour, the World Poker Tour announced recently that they’ve finally acquired the DeepStacks tour. The relationship bet...

Nevada casinos back in black overall; First time since 2008

Sadonna Price

January 13, 2017

Casino News, Latest Casino and Gambling News, Las Vegas, Economy/Finance, Nevada

The largest gaming venues in the state of Nevada were able to see a profit for the fiscal year 2016, something that has not been done since 2008. Surprisingly, the profit was not solely due to to gambling win w...

Jeju Shinhwa World purchase sends Chinese firm further into the red

Adam Morgan

January 12, 2017

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

After finalizing a deal earlier this month to take full control of the under-construction Jeju Shinhwa World integrated casino resort in South Korea, Chinese real estate developer Landing International Developm...

Las Vegas breaks tourism record for third consecutive year

Kim M

January 12, 2017

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

Visitor traffic in Las Vegas hit an all-time high as a record number of visitors were welcomed to the “Entertainment Capital of the World” in 2016. It’s the third consecutive year of visitation growth for La...

Racino competition leads to difficult year for Ohio casinos

Adam Morgan

January 11, 2017

Latest Casino and Gambling News, Economy/Finance, Ohio

The casino industry in Ohio had a bad 2016 as three of the Midwestern state’s four properties reported year-on-year declines in total annual gaming revenues with the aggregated figure of $797.94 million represe...

Gaming revenue down for 2016 after disappointing December Northwest Indiana

Sadonna Price

January 11, 2017

Latest Casino and Gambling News, Economy/Finance, Indiana

The end of 2016 would see a decrease in gaming revenues for casinos located in Northwest Indiana, especially after the month of December proved to be quite difficult. On Tuesday, the Indiana Gaming Commission p...

Amaya strikes deferred payment deal with former PokerStars owners Scheinbergs

Alex Lanter

January 10, 2017

Latest Casino and Gambling News, Canada, Online Poker, Economy/Finance, Mergers, Acquisitions & Partnerships

Canadian online and land-based gaming company, Amaya Gaming, have recently announced that they’ve finally outlined an agreement with Isai Scheinberg and his son Mark over the 197.7 million in deferred payments ...

Share sale of PhilWeb founder approved by Philippine regulators

Alex Lanter

January 9, 2017

Gaming Law & Legislation, Economy/Finance, Licenses, Philippines

Philippine operator of online casino games at land-based digital terminals, PhilWeb, was given an official approval by the Philippine Securities and Exchange Commission (PSEC) to sell 53.76% of its shares to ne...

Paradise profits back in the black in South Korea

Kim M

January 8, 2017

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

In the 12 months ending December 31, 2016, casino revenue of South Korean operator Paradise Co Ltd (034230.KQ) increased by 6.2 percent to KRW603.1bn (US $509m), compared to KRW567.88 billion for full-year 2015...

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Genting Group book-building exercise meets with success

Good year for Macau casino entrepreneurs

Court approves Caesars bankruptcy plan to emerge in 2017 with $10 billion less debt

Table games help Pennsylvania casinos report record-breaking year

Olympic Entertainment Group going online via new Malta subsidiary

Online earnings help bottom lines at Atlantic City casinos

World Poker Tour Acquire WPTDeepStacks

Nevada casinos back in black overall; First time since 2008

Jeju Shinhwa World purchase sends Chinese firm further into the red

Las Vegas breaks tourism record for third consecutive year

Racino competition leads to difficult year for Ohio casinos

Gaming revenue down for 2016 after disappointing December Northwest Indiana

Amaya strikes deferred payment deal with former PokerStars owners Scheinbergs

Share sale of PhilWeb founder approved by Philippine regulators

Paradise profits back in the black in South Korea

Grand Traverse Band of Indians to Open Gaming Facility in Benzonia

UK Introduces £5 Online Slot Betting Cap and Statutory Levy to Tackle Gambling Addiction

Future of Macau’s Satellite Casinos Uncertain as Key Discussions Await New Government Leadership

VGCCC Strengthens Gambling Oversight in 2023–24 Annual Report

NCLGS Proposes Model iGaming Legislation with Sweeping Reforms and Sweepstakes Ban