Economy/Finance | World Casino News

Revival in Macau gross gaming revenues continues for a third month

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

New figures released by the Gaming Inspection And Coordination Bureau show that the casino industry in Macau is continuing its recent recovery after it posted a third consecutive month-on-month increase in gros...

Las Vegas on track to record banner year for visitor numbers

Adam Morgan

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

In Nevada, the Las Vegas Convention And Visitors Authority has reported a strong September for the western city as visitor numbers reached 3.7 million while convention attendance swelled by 16.2% year-on-year t...

Tinian Dynasty Casino owner faces federal tax lien

Sadonna Price

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Saipan

On Friday, the United States Internal Revenue Service filed a notice of federal tax lien against Hong Kong Entertainment (Overseas) Investment Ltd. The company is the owner of the Tinian Dynasty Hotel & Cas...

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Kim M

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, Philippines

The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from paying a corporate tax, imposed by the Bureau of Internal R...

Nevada sees slight increase in gaming win for September

Sadonna Price

October 30, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

The state of Nevada was able to see a nice increase in gaming win for the month of September when compared to the same month last year. For 2016, September brought in a 3.55% increase in gaming win, with $948.9...

Indian casino operator reports sharp rise in quarterly profit

Adam Morgan

October 29, 2016

Latest Casino and Gambling News, India, Economy/Finance

India’s sole listed gambling operator, Delta Corporation Limited, has released its third-quarter financial results showing that its consolidated income from gaming operations rose by 45.8% year-on-year to reach...

Philippines operator reports improved nine-month net income

Adam Morgan

October 29, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement and Gaming Corporation has released its financial results for the nine months to the end of September showing that it achieved a 0.32% increase year-on-year in net income to $65.91 mill...

Chow Tai Fook Enterprise set to acquire Baha Mar

Lars Jones

October 28, 2016

Casino Sales, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships

After Chinese Export Import Bank (EXIM) in effect purchased Baha Mar from themselves using a Special Purpose Vehicle (SPV) named Perfect Luck Holdings Limited, it was announced Thursday that Chow Tai Fook Enter...

Las Vegas stadium plan remains in jeopardy

Adam Morgan

October 27, 2016

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

The plan to build a new 65,000-seat stadium in the southern Nevada desert in order to entice the Oakland Raiders NFL franchise to relocate to Las Vegas could be in jeopardy due to a disagreement between the wan...

Galaxy Entertainment Group reports improved third-quarter performance

Adam Morgan

October 27, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Hong Kong-listed Galaxy Entertainment Group has released its unaudited financial results for the third quarter showing that it experienced a 5% increase year-on-year in overall revenues to $1.66 billion while r...

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

Renee Kingsley

October 26, 2016

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

Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city plans to do in the next 5 years to reduce its $500 mil...

Gaming Analysts attribute increase in Macau tourism to Wynn Palace and Parisian Macao

Renee Kingsley

October 25, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The Macau government has sought to transform the image of Macau from being the biggest gambling hub in the world to one that was more family friendly in a bid to attract more tourists whose interests were not j...

OfferCraft teams up with Affinity Gaming to “gamify” rewards; Initial campaigns quadruple concert bookings

Lars Jones

October 24, 2016

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

LAS VEGAS (Oct. 24, 2016) — OfferCraft, a company that blends software and science to make incentives more fun and thus more effective, and Affinity Gaming today have announced a partnership. Affinity Gaming ha...

American Racing & Entertainment closes on Tioga Downs Casino financing

Lars Jones

October 24, 2016

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

American Racing & Entertainment, LLC has announced today that they have raised $90 million in new senior secured debt facilities to help complete a casino expansion for Tioga Downs Casino located in Nichols...

Online casino ambitions for Donaco International Limited

Adam Morgan

October 24, 2016

Latest Casino and Gambling News, Cambodia, Economy/Finance, Online Gambling News

Asian casino operator Donaco International Limited has announced its intention to launch an online gambling service branded on its Star Vegas Resort And Club property in Cambodia within the next twelve months. ...

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Revival in Macau gross gaming revenues continues for a third month

Las Vegas on track to record banner year for visitor numbers

Tinian Dynasty Casino owner faces federal tax lien

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Nevada sees slight increase in gaming win for September

Indian casino operator reports sharp rise in quarterly profit

Philippines operator reports improved nine-month net income

Chow Tai Fook Enterprise set to acquire Baha Mar

Las Vegas stadium plan remains in jeopardy

Galaxy Entertainment Group reports improved third-quarter performance

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

Gaming Analysts attribute increase in Macau tourism to Wynn Palace and Parisian Macao

OfferCraft teams up with Affinity Gaming to “gamify” rewards; Initial campaigns quadruple concert bookings

American Racing & Entertainment closes on Tioga Downs Casino financing

Online casino ambitions for Donaco International Limited

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