Economy/Finance | World Casino News

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

November 23, 2016

Latest Casino and Gambling News, Canada, Online Poker, Economy/Finance, 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, Economy/Finance, Game manufacturers

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

Latest Casino and Gambling News, Australia, 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...

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

Sadonna Price

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...

Please confirm that you are not a robot.

Top Online Casinos in United States

Top Online Bingo in United States

Top Online Poker in United States

Top Online Sportbooks in United States

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

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

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