Economy/Finance | World Casino News

Mountaineer Casino Racetrack And Resort hurt by growing competition

December 3, 2016

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

In West Virginia, profits at the Mountaineer Casino Racetrack And Resort have reportedly dropped to less than half their 2014 levels due to the recent implementation of an indoor smoking ban and ever-rising com...

Mohegan Tribal Gaming Authority details South Korea casino investment

Adam Morgan

December 2, 2016

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

The Mohegan Tribal Gaming Authority has announced that it anticipates earning fee incomes of around $750 million as a result of its involvement in the proposed Inspire Integrated Resort being planned for South ...

Macau’s GGR shows fourth consecutive month of increase after 14 percent growth reported in November

Renee Kingsley

December 2, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry appears to be finally witnessing a turnaround after the Gaming Inspection and Coordination Bureau reported that gross gaming revenue (GGR) in the world’s biggest gambling hub had gone up...

Crown Resorts Limited delays international break-up plan

Adam Morgan

December 1, 2016

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

The previously announced plan from Crown Resorts Limited that was to see the Australian casino operator cleave off major parts of its international business by April has reportedly been delayed following the ar...

In depth: New York casino tax breaks draw criticism

Adam Morgan

November 28, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Indepth / Featured Articles, New York

In New York, four new casino resorts are set to begin operations from as early as next week amid criticism that previously agreed arrangements with local governments will see a trio of the properties benefiting...

Greek Mythology stakeholder Amax posts $18.3m loss first half FY 2017

Lars Jones

November 28, 2016

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

Amax International Holdings Limited (HKEx:959), a stakeholder in Taipa, Macau's shuttered Greek Mythology Casino at the Beijing Imperial Palace Hotel, has posted a HK$18.287 million loss for the six month perio...

DFS operators remain on even keel after planned merger announcement

Sadonna Price

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

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, 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

Latest Casino and Gambling News, Cambodia, 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

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

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Mountaineer Casino Racetrack And Resort hurt by growing competition

Mohegan Tribal Gaming Authority details South Korea casino investment

Macau’s GGR shows fourth consecutive month of increase after 14 percent growth reported in November

Crown Resorts Limited delays international break-up plan

In depth: New York casino tax breaks draw criticism

Greek Mythology stakeholder Amax posts $18.3m loss first half FY 2017

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

Coney Island Casino Proposal Promises $200 Million Community Trust Fund

Wynn Resorts Expands Reach with Acquisition of Crown London Casino

Delta Air Lines Partners with DraftKings for Future Gaming Experience in the Skies

Michigan Suspends TwinSpires’ Operations Over Advance Deposit Wagering Violations

Belle Corp Pursues Clark Casino Expansion Amid Challenges