Economy/Finance | World Casino News

Sands Casino Bethlehem responds to criticism by DA

January 7, 2017

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

Just a few days ago, Northampton County District Attorney John Morganelli suggested that the Sands Casino Bethlehem was not acting appropriately by not paying a host community fee. Other casinos in the state ha...

December casino earnings set new record thanks to MGM National Harbor opening

Sadonna Price

January 6, 2017

Latest Casino and Gambling News, Economy/Finance, Maryland

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The state of Maryland hit a record number when it comes to casino earnings for the month of December thanks to the opening of the MGM National Harbor. The casino opened on the 8th of December and managed to ear...

Best Sunshine Live now one of the world’s most lucrative casinos

Adam Morgan

January 4, 2017

Latest Casino and Gambling News, Economy/Finance, Saipan

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In the Commonwealth Of The Northern Mariana Islands, the Best Sunshine Live casino from Imperial Pacific International Holdings Limited is now reportedly one of the world’s most lucrative gambling venues after ...

Greek illegal VLT market estimated at €1 Billion

Alex Lanter

January 4, 2017

Gaming Law & Legislation, Economy/Finance, Lottery, Unlicensed Operation, Tax Evasion, Greece

The Illegal gambling market in Greece is growing rapidly, or so it seems according to the latest report from Greece’s gambling regulatory body EEEP (ΕΕΕΠ). Namely, according to the EEEP, in 2016 alone Greek pol...

Macau casinos share prices drop as China increases scrutiny over capital outflows

Renee Kingsley

January 4, 2017

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

Macau’s casino industry went through a major slump resulting in 26 consecutive months of gross gaming revenue (GGR) decline which ended in August 2016. The industry since then has shown signs of recovery as GGR...

Carl Icahn to give up casino license and stop anyone else from using Taj as gaming venue

Sadonna Price

January 4, 2017

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

Billionaire activist investor Carl Icahn may have had big plans last year for the Trump Taj Mahal Casino after purchasing the venue out of bankruptcy. However, decisions along the way would result in Icahn now ...

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

Adam Morgan

January 4, 2017

Latest Casino and Gambling News, Casino closures, Economy/Finance, Bankruptcy, Poland

Eastern European casino operator Olympic Entertainment Group has announced that its Polish subsidiary has filed for bankruptcy protections following a late-September decision from the Finance Ministry not to ex...

December marks fifth month of Macau recovery

Lars Jones

January 2, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

December marked the fifth month in a row that Macau's gambling economy showed year-on-year increases, but the first seven months of the year still tanked the annual numbers making 2016 the third consecutive yea...

Banner year for West Virginia racetrack and casino

Adam Morgan

January 2, 2017

Latest Casino and Gambling News, Horse Racing, Economy/Finance, West Virginia

Last year reportedly saw the Hollywood Casino At Charles Town Races in West Virginia set a number of all-time individual highs including record all-sources handle per race of $116,184 alongside its largest indi...

Mississippi casino industry on the mend; Best coastal numbers since 2008

Lars Jones

January 2, 2017

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Mississippi

Before the December numbers come out and are added to the year, Mississippi casinos have posted up $1,950,495,795.55 in adjusted gross gaming revenue for 2016. The best month was Feb. with over $190 million and...

Marina Bay Sands policy on China UnionPay cards angers Beijing

Adam Morgan

December 31, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

In Singapore, a voucher system that sees mainland Chinese gamblers at the Marina Bay Sands permitted to use their China UnionPay bank cards to purchase casino chips has reportedly upset officials in Beijing. ...

Gambling taxes now account for almost 78% of all Macau government revenues

Adam Morgan

December 30, 2016

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

The government of Macau has reportedly revealed that it raked in $9.11 billion from gambling taxes over the first eleven months of 2016 with the amount accounting for some 77.8% of all revenues. According to...

Bahamas sees credit rating downgraded

Adam Morgan

December 30, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas, Economy/Finance

American financial services firm Standard And Poor's Financial Services has downgraded the debt rating of the Bahamas while stating that the expected phased opening of The Baha Mar Casino And Hotel development ...

Santa Anita Park records improved opening-day business

Adam Morgan

December 29, 2016

Latest Casino and Gambling News, Horse Racing, California, Economy/Finance

In California, horseracing track operator Stronach Group has reported year-on-year increases in attendance and handle for the beginning of the winter-spring session at its Santa Anita Park. According to a re...

Foreign tourists to help Macau revival in 2017

Adam Morgan

December 29, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s effort to reinvent itself by premiering more family-friendly attractions is reportedly set to pay off next year as the former Portuguese enclave is expected to see a huge surge in tourists and mass-mark...

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Sands Casino Bethlehem responds to criticism by DA

December casino earnings set new record thanks to MGM National Harbor opening

Best Sunshine Live now one of the world’s most lucrative casinos

Greek illegal VLT market estimated at €1 Billion

Macau casinos share prices drop as China increases scrutiny over capital outflows

Carl Icahn to give up casino license and stop anyone else from using Taj as gaming venue

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

December marks fifth month of Macau recovery

Banner year for West Virginia racetrack and casino

Mississippi casino industry on the mend; Best coastal numbers since 2008

Marina Bay Sands policy on China UnionPay cards angers Beijing

Gambling taxes now account for almost 78% of all Macau government revenues

Bahamas sees credit rating downgraded

Santa Anita Park records improved opening-day business

Foreign tourists to help Macau revival in 2017

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