Economy/Finance | World Casino News

Consolidation helps results at Melco International Development Limited

September 2, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau casino operator Melco International Development Limited has released its interim consolidated financial results for the six months to the end of June showing an almost 1,000% increase year-on-year in net ...

Tigre De Cristal principal posts six-month profit

Adam Morgan

September 2, 2016

Latest Casino and Gambling News, Economy/Finance, Russia

The company behind the Tigre De Cristal casino resort in Russia’s Primorsky Krai region, Summit Ascent Holdings Limited, has released its consolidated financial results for the six months to the end of June sho...

Macau breaks 26 month streak on Wynn Palace opening, overall mass improvement

Martin Chua

September 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After a 4.5 percent decrease in July, Macau has finally broken a losing trend beginning after May 2014. According to data from Macau’s Gaming Inspection and Coordination Bureau (DICJ) gross gaming revenue rose ...

Nevada casinos win $1 billion in July

Sadonna Price

September 1, 2016

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

The state of Nevada saw excellent results by way of revenues for July thanks to the game of baccarat and more weekend days on the calendar in the month. The Nevada Gaming Control Board reported that the state s...

Delta Corp stock soars to all time high

Kim M

August 31, 2016

Latest Casino and Gambling News, India, Economy/Finance

As it continues its upward rise, Delta Corp Ltd. (NSE: DELTACORP), the largest gaming and hospitality firm in India, stock was up 7 percent on Monday, hitting a record high of Rs 155, according to Business Stan...

Duterte’s heavy hand reaching into the past to shake down Entertainment City operators

Sadonna Price

August 31, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Four casinos at Entertainment City have been ordered by the Philippine Amusement and Gaming Corp. to restore a license fee cut that was given by the previous administration. Four gaming venues will now have to ...

Macau Jockey Club losses potentially unlawful; Plans for profitability

Martin Chua

August 29, 2016

Latest Casino and Gambling News, Horse Racing, Economy/Finance, Macau, Fines, Lawsuits & Litigation

The Macau Jockey Club (MJC) registered a loss of MOP88 million (US$11 million) for the last fiscal year, continuing to eat into corporate capital. Portuguese-language publication Hoje Macau has reportedly note...

James Packer gives up Crown Resorts shares to settle sibling debt

Sadonna Price

August 29, 2016

Latest Casino and Gambling News, Australia, Economy/Finance

After reaching a settlement with his sister Gretel, James Packer has decided to pay the debt owned via the agreement by giving up the majority of control within Crown Resorts. Consolidated Press Holdings Ltd. i...

Mactan Leisure City to break ground in Philippines January 2017

Lars Jones

August 27, 2016

Casino proposals, Latest Casino and Gambling News, Economy/Finance, Philippines

Mactan Leisure City, to be located in Lapu-Lapu City, just off Cebu, is scheduled to break ground in January, according to a report filed by Calata Corp. (CAL) with the Philippines stock exchange Friday. The pr...

Uber’s foray into China cost investors $2 billion in 2 years, $1.27b first half 2016 alone

Martin Chua

August 27, 2016

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

Uber investors saw at least $2 billion wiped off their balance sheet over the last two years from their so-far failed China venture, according to a Bloomberg report. Reuters reported this week that the ride hai...

Analyst doesn’t see Duterte’s heavy hand as a negative for Philippine resort casinos

Lars Jones

August 26, 2016

Casino News, Latest Casino and Gambling News, Economy/Finance, Licenses, Philippines

The end result of president Duterte's crackdown on gambling in the country might not be a concern for the integrated resort casinos in Manila and Entertainment City. A recent report in GGRAsia quotes CLSA Ltd ...

Galaxy net profit available to shareholders $2.6 billion H1, up 26% year-on-year

Martin Chua

August 25, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Galaxy Entertainment Group (HKEx stock code: 27) seems to have mastered the difficult Macau market ahead of its competitors and was able to post impressive numbers in their Interim Results for 1H 2016. Perhaps ...

Macau casino industry employment figures highlight market slowdown

Martin Chua

August 24, 2016

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Macau

The number of people employed in the Macau casino industry during the second quarter dropped slightly when compared with the same three-month period in 2016 although average salaries experienced a minimal incre...

July gross gaming revenues for Pennsylvania casinos top $288 million

Adam Morgan

August 24, 2016

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

The twelve casino in Pennsylvania have reported an almost 3% increase year-on-year in total July gross gaming revenues to $288.45 million led by the performance of Sands Casino Resort Bethlehem following its in...

The Rank Group remains on the lookout for merger and acquisition opportunities

Adam Morgan

August 23, 2016

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

After last week failing in its joint $4 billion bid to buy competitor William Hill, British land-based casino and bingo operator The Rank Group has announced that it is still on the lookout for merger and acqui...

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Consolidation helps results at Melco International Development Limited

Tigre De Cristal principal posts six-month profit

Macau breaks 26 month streak on Wynn Palace opening, overall mass improvement

Nevada casinos win $1 billion in July

Delta Corp stock soars to all time high

Duterte’s heavy hand reaching into the past to shake down Entertainment City operators

Macau Jockey Club losses potentially unlawful; Plans for profitability

James Packer gives up Crown Resorts shares to settle sibling debt

Mactan Leisure City to break ground in Philippines January 2017

Analyst doesn’t see Duterte’s heavy hand as a negative for Philippine resort casinos

Galaxy net profit available to shareholders $2.6 billion H1, up 26% year-on-year

Macau casino industry employment figures highlight market slowdown

July gross gaming revenues for Pennsylvania casinos top $288 million

The Rank Group remains on the lookout for merger and acquisition opportunities

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