Economy/Finance | World Casino News

DFS operators remain on even keel after planned merger announcement

November 28, 2016

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

Earlier in November it was announced that top daily fantasy sports operators, FanDuel and DraftKings, would become one with a merger of the two companies. As the planned merger will soon come to fruition, both ...

Crown taps outside legal in exposure assessment on Chinese charges

Lars Jones

November 26, 2016

Gaming Law & Legislation, Australia, Latest Casino and Gambling News, China, Economy/Finance, Unlicensed Operation

James Packer's Crown Resorts has reportedly deployed a host of high-powered in-house and outside legal advisers and counsel to help assess the corporation's vulnerability and liability following the arrest of 1...

Casinos help Maryland horseracing renaissance

Adam Morgan

November 26, 2016

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

In Maryland, a new report has found that casinos in the eastern state have helped the local horseracing industry to increase its economic impact over the past five years by in excess of 20%. According to a r...

DNA Star Vegas in Cambodia, Aristo in Vietnam underlie Donaco FY2016 success

Lars Jones

November 25, 2016

Cambodia, Latest Casino and Gambling News, Economy/Finance, Vietnam

Donaco International Ltd. (ASX:DNA) chairman Stuart McGregor updated stakeholders during the company's 2016 annual general meeting (AGM) on Thursday. McGregor began the body of his address by noting that 2016 h...

Online gambling the top choice for gamblers in United Kingdom

Sadonna Price

November 25, 2016

Latest Casino and Gambling News, Economy/Finance, United Kingdom

The UK Gambling Commission has released new figures on the gambling industry of the country, which show that online gambling has taken the top spot as far as the most popular form of gambling. The gambling mark...

Mississippi tribe successfully refinances gaming debt

Adam Morgan

November 25, 2016

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

The federally-recognized Mississippi Band Of Choctaw Indians has reportedly refinanced its gaming debt after reporting an $11 million increase in annual revenues alongside a $2 million swell in overall profits....

Retroactive tax hike hurts OPAP’s third-quarter results

Adam Morgan

November 25, 2016

Latest Casino and Gambling News, Economy/Finance, Greece

Europe’s fourth-largest lottery and sportsbetting firm, the Greek Organization Of Football Prognostics (OPAP), has released its third-quarter financial results showing a 40% drop year-on-year in net profit to a...

Tsogo Sun Holdings Limited to increase United Kingdom investment

Adam Morgan

November 25, 2016

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

South African hotels, gaming and entertainments firm Tsogo Sun Holdings Limited has announced its intention to purchase more venues in the United Kingdom despite reporting a flat operating profit for the first ...

Successful quarter for Mohegan Tribal Gaming Authority

Adam Morgan

November 24, 2016

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

In the United States, the Mohegan Tribal Gaming Authority has released its financial results for the three months to the end of September showing a 2.1% increase year-on-year in overall net revenues to $346.6 m...

KBC Aldini Capital Ltd. denies part of Baazov’s Amaya acquisition; Baazov confirms no involvement

Lars Jones

November 23, 2016

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

On Tuesday Amaya shares fell nearly 10 percent at one point and closed 6 percent lower on news that Dubai-based KBC Aldini Capital Ltd. has claimed they have no involvement with Amaya Inc. founder David Baazov...

Atlantic City casinos struggle to post third-quarter profits

Adam Morgan

November 23, 2016

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

Only four of the remaining seven casinos in Atlantic City managed to post a gross operating profit for the three months to the end of September as aggregated third-quarter total revenues dropped by 0.7% year-on...

Lottery sales help International Game Technology continue quarterly growth

Adam Morgan

November 22, 2016

Latest Casino and Gambling News, Gaming Industry News, Game manufacturers, Economy/Finance

Global slot and video gaming machines designer and manufacturer International Game Technology has released its financial results for the third quarter of 2016 showing a 5% increase year-on-year in total revenue...

October gaming revenues decline at Detroit casinos

Adam Morgan

November 21, 2016

Latest Casino and Gambling News, Economy/Finance, Michigan

The three casinos in Detroit saw their aggregated total gaming revenues for October decline by 1.9% year-on-year and 1.3% month-on-month to stand at $110.7 million although total win over the first ten months o...

Ainsworth Game Technology Limited warns of decreased annual profit

Adam Morgan

November 21, 2016

Australia, Latest Casino and Gambling News, Economy/Finance

Australian slot manufacturer Ainsworth Game Technology Limited has warned investors that its pre-tax annual profit could fall to around $11 million from the $25.76 million it recorded for its previous fiscal ye...

Ladbrokes Coral to lose most from FOBT crackdown

Alex Lanter

November 21, 2016

Gaming Law & Legislation, Economy/Finance, United Kingdom

New-formed UK gambling giant Ladbrokes Coral might see their earnings suffer by 25% if the UK government decides to move forward with its plans to crackdown on FOBTs (fixed-odds betting terminals). Being the bi...

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DFS operators remain on even keel after planned merger announcement

Crown taps outside legal in exposure assessment on Chinese charges

Casinos help Maryland horseracing renaissance

DNA Star Vegas in Cambodia, Aristo in Vietnam underlie Donaco FY2016 success

Online gambling the top choice for gamblers in United Kingdom

Mississippi tribe successfully refinances gaming debt

Retroactive tax hike hurts OPAP’s third-quarter results

Tsogo Sun Holdings Limited to increase United Kingdom investment

Successful quarter for Mohegan Tribal Gaming Authority

KBC Aldini Capital Ltd. denies part of Baazov’s Amaya acquisition; Baazov confirms no involvement

Atlantic City casinos struggle to post third-quarter profits

Lottery sales help International Game Technology continue quarterly growth

October gaming revenues decline at Detroit casinos

Ainsworth Game Technology Limited warns of decreased annual profit

Ladbrokes Coral to lose most from FOBT crackdown

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