Economy/Finance | World Casino News

Macau reports mass-market resurgence for third quarter

November 12, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The six licensed casino operators in Macau have reportedly revealed that VIP games accounted for only 44% of their aggregated gross gaming revenues during the third quarter while the mass-market segment grew by...

Italian government releases plan to reduce slot machine numbers by one third

Lars Jones

November 11, 2016

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

Following a September call for concern, Italian Prime Minister Matteo Renzi’s government offered up a plan Thursday that would see a third of the country's slot machines pulled off the market by the end of next...

New Jersey assumes complete control over Atlantic City

Adam Morgan

November 11, 2016

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

In New Jersey, the administration of Republican governor Chris Christie has assumed complete control over fiscally distressed Atlantic City with the state now holding the power to take over key functions usuall...

Indiana casino revenues down; Cubs win to blame

Sadonna Price

November 11, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

The Chicago Cubs historic World Series win has been wonderful for the city of Chicago as well as for the state of Illinois. However, it seems the win may have affected the casino earnings of neighboring state I...

Singapore posts increased tourist numbers

Adam Morgan

November 11, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

The Singapore Tourism Board has revealed that the first six months of the year saw international visitor numbers to the Asian city-state increase by 10.3% year-on-year to 11.3 million. The tourism promoter d...

Bookmakers paying the price for Donald Trump’s unexpected win

Adam Morgan

November 9, 2016

Latest Casino and Gambling News, Economy/Finance, Sports betting

Online sportsbetting provider Paddy Power Betfair has revealed that it stands to lose around $3.28 million after Republican nominee Donald Trump unexpectedly won yesterday’s nationwide election to become the 45...

Mixed picture for Macau Legend Development Limited

Adam Morgan

November 9, 2016

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

Asian casino operator Macau Legend Development Limited has released its financial results for the third quarter showing a 1.9% increase year-on-year in overall revenues to $48.68 million as its adjusted earning...

Ohio casinos report worst month for over two years

Adam Morgan

November 9, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

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The four casinos in Ohio saw total October revenues fall by more than 6% year-on-year to $62.6 million while the state’s seven racinos continued to post increases with their monthly figure of $74.6 million repr...

Paradise City pre-opening costs hit South Korean operator’s bottom line

Adam Morgan

November 9, 2016

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

A day after Grand Korea Leisure Company Limited reported improved third-quarter financial results and the picture is not as good for fellow South Korean casino operator Paradise Company Limited after it reporte...

Storm International Has Sold its Mexican Operations

Lars Jones

November 8, 2016

Casino Sales, Latest Casino and Gambling News, Economy/Finance, Mexico

November 8, 2016 Storm International has sold its Mexico business, Storm International South America (SILA) in Monterrey, operating since 2009, which comprises two entertainment complexes, Hollywood I and Ho...

Mgm China EBITDA up in Q3 While Net Revenue Declines

Alex Lanter

November 8, 2016

Latest Casino and Gambling News, Economy/Finance, Macau, Financial Press Releases

One of the largest casino operators in Macau, MGM China Holdings Ltd, has recently released their third-quarter profits, showing a 6% decline in net revenue, as opposed to last year. In 2015, the Chinese divisi...

Business improves for South Korean casino operator

Adam Morgan

November 8, 2016

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

South Korean casino operator Grand Korea Leisure Company Limited has revealed its third-quarter financial results showing a 20.5% increase year-on-year in total revenues to $117.8 million alongside a 22.9% rise...

Caesars Entertainment Corporation unit begins process of raising new financing

Adam Morgan

November 7, 2016

Latest Casino and Gambling News, North America Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

American casino giant Caesars Entertainment Corporation has begun the process of raising up to $3.8 billion that its Caesars Entertainment Operating Company Incorporated subordinate needs in order to finally ex...

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Renee Kingsley

November 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry has experienced three consecutive months of increase in its gross gaming revenues (GGR) and gaming analysts believe that the biggest gambling hub in the world is finally experiencing a t...

Hard Rock International willing to make major investment into Japan casino industry

Renee Kingsley

November 7, 2016

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

Hard Rock International is known for its popular music themed hotels, restaurants and casinos across the world. The privately held enterprise with $4.5 billion in revenues makes more than fifty percent of its m...

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Macau reports mass-market resurgence for third quarter

Italian government releases plan to reduce slot machine numbers by one third

New Jersey assumes complete control over Atlantic City

Indiana casino revenues down; Cubs win to blame

Singapore posts increased tourist numbers

Bookmakers paying the price for Donald Trump’s unexpected win

Mixed picture for Macau Legend Development Limited

Ohio casinos report worst month for over two years

Paradise City pre-opening costs hit South Korean operator’s bottom line

Storm International Has Sold its Mexican Operations

Mgm China EBITDA up in Q3 While Net Revenue Declines

Business improves for South Korean casino operator

Caesars Entertainment Corporation unit begins process of raising new financing

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Hard Rock International willing to make major investment into Japan casino industry

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