Economy/Finance | World Casino News

NagaCorp reports double-digit year-on-year growth in betting volumes Q1-3

October 5, 2016

Latest Casino and Gambling News, Cambodia, Economy/Finance

NagaCorp Ltd is a developer and operator of casinos, listed in Hong Kong that recently reported their betting volumes for the first nine months of the year. NagaCorp was able to see double-digit growth for year...

Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations

Martin Chua

October 4, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Since opening on August 22, the new $4.2 billion Wynn Palace Cotai resort casino from Wynn Resorts Limited has reportedly experienced a “slow ramp-up” of its mass-market gaming operations. According to Monda...

VIP segment success helps Macau report rise in September gross gaming revenues

Martin Chua

October 3, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part to the VIP segment likely reporting its first rise in takings in some ...

Ritz Casino sees massive loss due to high rollers

Sadonna Price

October 3, 2016

Latest Casino and Gambling News, Economy/Finance

The Ritz Club located in London, England is one of the most glamorous gaming venues in the region. The casino caters to the high roller types, individuals who wager big bucks hoping to see a solid return. Howev...

Upcoming visit of Chinese Premier may adversely affect Macau VIP gaming business

Adam Morgan

October 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Casino owners in Macau are bracing themselves for a potential downturn in VIP high-stakes business following news that Chinese Premier Li Keqiang may be about to pay an official visit to the former Portuguese c...

Baccarat winners and fewer August weekend days result in casino revenue decline for Nevada

Sadonna Price

September 30, 2016

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

On Thursday, the Nevada Gaming Control Board released the August figures for casino gaming in the state, showing a 5.2% decrease when compared to the same month last year. The lower results are believed to be d...

Apollo, TPG agree deal with Caesars for restructuring; Insulates top execs

Lars Jones

September 28, 2016

Latest Casino and Gambling News, Las Vegas, World Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Fines, Lawsuits & Litigation

The two top-tier creditors agreed Tuesday to Caesars Entertainment Corporation's (CEC) terms to restructure the company's debt, leaving about US$1 billion on the table in exchange for protecting top executives...

Atlantic City looks to sell airport property to gain $100 million in much-needed funds

Sadonna Price

September 27, 2016

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

Atlantic City is looking for a way to fight off debt, especially since the city faces a takeover by the state. Yesterday, Mayor Don Guardian stated that the city will be able to earn around $100 million by sell...

Macau junket operator reports steep decline in rolling chip turnover

Martin Chua

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After closing its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau Casino earlier this month, VIP junket operator Iao Kun Group Holding Company Limit...

Macau ban fuels rise in Philippines second-quarter gross casino revenues

Adam Morgan

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Casinos in the Philippines reported a 30% increase year-on-year in aggregate gross casino revenues for the three months to the end of June to approximately $711.68 million due in part to a rise in the popularit...

Genting Singapore adopting a “wait and see approach” to Japan

Adam Morgan

September 22, 2016

Latest Casino and Gambling News, Economy/Finance, Japan

Global casino operator Genting Singapore looks likely to keep its upcoming annual dividend payments at the same level as 2015 as it awaits more clarity on the future likelihood of a resort casino development in...

Uber decides to continue Macau operations

Martin Chua

September 19, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Despite facing an official policy that has seen its users issued with some 379 fines totaling over $1.25 million since January, the ride-sharing mobile application Uber has announced that it intends to continue...

Imperial Pacific seeks to raise $300 million for Saipan resort with high-yield bonds

Renee Kingsley

September 19, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Northern Mariana Islands, Saipan

Hong Kong based Imperial Pacific which is the parent company of Best Sunshine International, the company that runs the Best Sunshine Live casino in Saipan is looking to attract investors by issuing high-yield b...

August land-based casino win drops in New Jersey

Adam Morgan

September 17, 2016

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

In New Jersey, official figures from the Division Of Gaming Enforcement show that overall land-based casino win for August dropped by 6.7% year-on-year to $229.78 million while the figure for the eastern state’...

Ratings agencies predict “stable” future for Saipan casino operator

Adam Morgan

September 15, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

Fresh from signing a pair of share deals earlier this week, Saipan casino operator Imperial Pacific International Holdings Limited has been assigned a first-time provisional corporate family rating of B2 by Moo...

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NagaCorp reports double-digit year-on-year growth in betting volumes Q1-3

Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations

VIP segment success helps Macau report rise in September gross gaming revenues

Ritz Casino sees massive loss due to high rollers

Upcoming visit of Chinese Premier may adversely affect Macau VIP gaming business

Baccarat winners and fewer August weekend days result in casino revenue decline for Nevada

Apollo, TPG agree deal with Caesars for restructuring; Insulates top execs

Atlantic City looks to sell airport property to gain $100 million in much-needed funds

Macau junket operator reports steep decline in rolling chip turnover

Macau ban fuels rise in Philippines second-quarter gross casino revenues

Genting Singapore adopting a “wait and see approach” to Japan

Uber decides to continue Macau operations

Imperial Pacific seeks to raise $300 million for Saipan resort with high-yield bonds

August land-based casino win drops in New Jersey

Ratings agencies predict “stable” future for Saipan casino operator

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