Economy/Finance | World Casino News

Las Vegas expected to benefit from record year-end travel period

December 28, 2016

U.S.A., Las Vegas, Latest Casino and Gambling News, Economy/Finance

A new report from the American Automobile Association has predicted that more than 103 million Americans are expected to travel more than 50 miles from home for a year-end holiday with Las Vegas being forecast ...

Macau casino market on track to end 2016 on a high

Adam Morgan

December 28, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, industry experts have reportedly predicted that aggregated gross gaming revenues for December are on track to post a year-on-year increase of between 4% and 6% and bring the monthly tally to around $2...

Gambling in Sochi to even out seasonal economy

Lars Jones

December 28, 2016

Casino News, Latest Casino and Gambling News, Casino openings, Casino project updates, Economy/Finance, Russia, Russia

The Russian state-owned news agency TASS is reporting that the new Krasnaya Polyana gambling zone in Sochi will attract the attention of tourists and help drive the economy of the area during the mountain clust...

Lost casino tickets bring in big bucks for Nevada

Kim M

December 27, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, The Players Lounge, Nevada

The state of Nevada is literally cleaning up on unclaimed slot and video machine tickets that gamblers have either lost, forgot to cash in or didn’t bother to, to the tune of more than $35 million over the past...

First step in Japan casino process becomes law of the land

Lars Jones

December 26, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Economy/Finance, Japan

Monday in Japan saw a decade-old struggle end with the "Act Promoting Implementation of Specified Integrated Resort Areas" taking effect on December 26, 2016. Casinos can now become legal in the land of the ris...

Caesar’s Operating Arm Resolves Lender Disputes Over Bankruptcy Exit

Alex Lanter

December 26, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Caesars Entertainment Operating Company – the operating arm of Caesar’s Entertainment Corp (CEC)., finally resolved their lender disputes Friday, leaving the door open for the long-awaited plan to save the comp...

Alon founders not giving up on Las Vegas Strip resort development

Lars Jones

December 25, 2016

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

Alon Las Vegas may have experienced some troubles with finding proper funding for the boutique Strip resort in the past, but another major hurdle may have appeared on December 15 when James Packer's Crown Resor...

Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Lars Jones

December 25, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Pennsylvania

Sen. Kim Ward, R-Westmoreland, has called on officials from Pennsylvania's 12 gambling concerns to meet in the Capital soon after the holidays. The senator says changes are needed in the state's gambling laws a...

Study finds wealthy gamblers spending big

Adam Morgan

December 24, 2016

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

In the United States, a new study has reportedly found that over a quarter of the nation’s wealthiest people spent in excess of $25,000 on gambling over the past year while a further 15% dropped at least $10,00...

American Gaming Association ready to work with Trump Administration

Sadonna Price

December 22, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Economy/Finance

President-elect Donald Trump will be the first president to have a history in the casino business. Because of this, gaming operators are now wondering if his background will affect the casino industry of the Un...

Singapore casino market to be overshadowed by Philippines, according to Okada

Alex Lanter

December 22, 2016

Latest Casino and Gambling News, New Hotels, Casino project updates, Economy/Finance, Philippines, Singapore

Japanese casino magnate, entrepreneur, and chairman of Universal Entertainment Corporation, Kazuo Okada, says that the gambling market in the Philippines could eventually overshadow Singapore, Bloomberg reports...

Boyd Gaming finalizes acquisition of Cannery Resorts’ Las Vegas assets

Alex Lanter

December 21, 2016

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

Nevada-based multiple casino owners, Boyd Gaming Corporation, have just published an official press release announcing that the company has finalized the acquisition Cannery-owned Las Vegas properties after suc...

GVC Holdings sells payments business Kalixa

Alex Lanter

December 20, 2016

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

Global sport betting and online gambling provider, GVC Holdings, have confirmed yesterday that they would be selling their payment processing business Kalixa Group. The confirmation came after a previous announ...

Bidding war may begin between William Hill and Ladbrokes Coral over Tatts Sports group: Reports

Sadonna Price

December 20, 2016

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

Both William Hill and Ladbrokes Coral are top gambling operators in the United Kingdom who may be showing interest in acquiring Tatts Group, the top betting operator in Australia. Media reports suggest that the...

Extensive renovations cost Cairns casino close to $3 million in profits

Sadonna Price

December 19, 2016

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

The Reef Hotel Casino located in Cairns will experience a big drop in profits this year thanks to recent renovations. The Reef Casino Trust is reporting that the casino will see a hit of $3 million which drops ...

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Las Vegas expected to benefit from record year-end travel period

Macau casino market on track to end 2016 on a high

Gambling in Sochi to even out seasonal economy

Lost casino tickets bring in big bucks for Nevada

First step in Japan casino process becomes law of the land

Caesar’s Operating Arm Resolves Lender Disputes Over Bankruptcy Exit

Alon founders not giving up on Las Vegas Strip resort development

Pennsylvania Senator summons casino officials to Harrisburg Jan. 3

Study finds wealthy gamblers spending big

American Gaming Association ready to work with Trump Administration

Singapore casino market to be overshadowed by Philippines, according to Okada

Boyd Gaming finalizes acquisition of Cannery Resorts’ Las Vegas assets

GVC Holdings sells payments business Kalixa

Bidding war may begin between William Hill and Ladbrokes Coral over Tatts Sports group: Reports

Extensive renovations cost Cairns casino close to $3 million in profits

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