Economy/Finance | World Casino News

Coin Cloud to launch additional bitcoin ATMs in two Las Vegas casinos

November 20, 2016

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

Coin Cloud is a company that offers bitcoin ATMS in Las Vegas, having installed ATMS in the downtown area as well as along the Las Vegas Strip. The company has announced expansion plans to install two more bitc...

Michigan tribe distributes portion of net slot earnings

Adam Morgan

November 19, 2016

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

In Michigan, the Saginaw Chippewa Indian Tribe has announced that it has handed out just over $3 million to local schools and governments as part of the semi-annual distribution of net earnings from slots at it...

Pennsylvania table gaming revenues see statewide increase for October

Sadonna Price

November 19, 2016

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The Pennsylvania Gaming Control Board has released the revenue earnings for casinos in the state with operators having earned $71.2 million for the month of October as far as table games are concerned. This was...

Islandia 2017 budget proposal fattened by OTB casino revenue

Kim M

November 17, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Taxation, New York

1

As a result of the expected revenue from a Suffolk OTB casino being developed in the Marriott Hotel, a $4.4 million budget for 2017 has been proposed by Islandia officials. According to Islandia Mayor Allan ...

Washington casino market predicted to have a bright future

Adam Morgan

November 17, 2016

Latest Casino and Gambling News, Economy/Finance, Washington

In Washington, aggregated gross gaming revenues are expected to grow by nearly 37% over the next five years to $3.56 billion due to a significant increase in population and the widespread availability of casino...

Affinity Gaming Q3 adjusted EBITDA and operating income on the rise

Alex Lanter

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

Affinity Gaming LLC, owners and operators of several casinos in Nevada and Black Hawk, Colorado, have released their Q3 financial performance report on Monday, noting their strongest quarter in 2016 when it com...

Conservative prediction for Macau 2017 gross gaming revenues

Adam Morgan

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The head of the government in Macau has given a conservative aggregated gross gaming revenues forecast for next year that is around 13% below some analysts’ 2017 estimates despite a recent recovery that has see...

Taj Mahal closure does not have much of an impact on Atlantic City casino turnover

Renee Kingsley

November 16, 2016

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

The Trump Taj Mahal became the fifth Atlantic City casino to shut down since 2014 as owner Carl Icahn and the Local 54 of the Unite-HERE union were unable to reach a mutual decision regarding the casino employe...

Manila casinos gaming revenues increase due to junket operators

Sadonna Price

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement and Gaming Corporation released the gaming revenue numbers for casinos in Manila showing an increase for Q3 2016. The figures were reported on Monday and showed that the country was abl...

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

Renee Kingsley

November 15, 2016

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

The city of Pittsburgh announced in early October that it had requested the Rivers Casino to voluntarily remit $10 million in gambling taxes. City officials stated that discussions between casino officials and ...

Pinnacle Entertainment Incorporated would consider entering Las Vegas market

Adam Morgan

November 14, 2016

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

The boss of American casino operator Pinnacle Entertainment Incorporated has reportedly declared that the firm would consider acquiring a property in the Las Vegas area if the right deal came along but at prese...

MGM Resorts International chief worried by Donald Trump presidency

Adam Morgan

November 14, 2016

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

After publicly endorsing Hillary Clinton in August, Jim Murren, Chief Executive Officer for MGM Resorts International, has now speculated that the presidency of Donald Trump could well hurt American casino inte...

Casino Operations in Goa slow down due to PM Modi’s black money crackdown

Renee Kingsley

November 13, 2016

Latest Casino and Gambling News, India, Money Laundering, Economy/Finance

2

Narendra Modi, the Prime Minister of India, caught the nation off-guard when he announced on November 9 that 500 and 1000 rupee notes would be demonetized from November 10 and the Reserve Bank of India (RBI) wo...

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

Lars Jones

November 13, 2016

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, South Dakota

Financiers of the Deadwood Mountain Grand resort are suing a group of developers that turned the former Homestake gold mining slime plant in overlooking Deadwood, South Dakota into a luxurious hotel and casino ...

Gaming and riverboat economic development task force created by Louisiana

Kim M

November 13, 2016

Latest Casino and Gambling News, Economy/Finance, Louisiana

The Louisiana Legislature has created a task force comprised of state officials that will examine ways in which it can increase the competitiveness between the state’s gaming sector and Oklahoma’s Native Americ...

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Coin Cloud to launch additional bitcoin ATMs in two Las Vegas casinos

Michigan tribe distributes portion of net slot earnings

Pennsylvania table gaming revenues see statewide increase for October

Islandia 2017 budget proposal fattened by OTB casino revenue

Washington casino market predicted to have a bright future

Affinity Gaming Q3 adjusted EBITDA and operating income on the rise

Conservative prediction for Macau 2017 gross gaming revenues

Taj Mahal closure does not have much of an impact on Atlantic City casino turnover

Manila casinos gaming revenues increase due to junket operators

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

Pinnacle Entertainment Incorporated would consider entering Las Vegas market

MGM Resorts International chief worried by Donald Trump presidency

Casino Operations in Goa slow down due to PM Modi’s black money crackdown

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

Gaming and riverboat economic development task force created by Louisiana

Arizona Sports Betting Surges in September with Record Revenues

UAE Launches Its First Regulated National Lottery: A New Era in Gaming

Navajo Nation Secures Trust Land for Economic Growth and Gaming Facility

Philippines’ Intensified Battle Against POGO Evasion: A Nationwide Enforcement Challenge

Kathy Hochul Vetoes Casino Licensing Bill Amid Process Controversy