Economy/Finance | World Casino News

Atlantic City Casino revenue grows by 21 percent during the first half of 2016

August 23, 2016

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

The casino industry in Atlantic City has struggled as gross gaming revenues have declined by as much as fifty percent in the last decade. The city which has a monopoly on New Jersey’s casino industry saw four o...

No dividend for Wynn Macau Limited investors as six-month net profit drops over 20%

Lars Jones

August 22, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Casino operator Wynn Macau Limited has released its interim financial results for the first six months of 2016 showing a 20.6% drop year-on-year in net profit to $147.15 million alongside a 5.5% decrease in tot...

Paradise Group makes first American purchase

Adam Morgan

August 22, 2016

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

South Korean casino operator Paradise Group has made its first acquisition in the United States after spending $26 million in order to purchase a 167-room hotel in downtown Orlando, Florida. Responsible for ...

Studio City Casino Macau facing loan default calamity

Adam Morgan

August 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

As the $4.2 billion Wynn Palace Cotai casino resort from operator Wynn Resorts Limited gets set to open its doors on Monday, news has emerged that the nearby Studio City Casino Macau development could be about ...

Alabama Senate may vote after committee approves two lottery bills

Renee Kingsley

August 17, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Alabama, Economy/Finance

Alabama’s Senate Tourism and Marketing Committee met on August 16 to review the state lottery bills that were submitted as both proponents and opponents of the bills shared their views with the senate committee...

MGM Resorts International increases stake in Macau subsidiary

Martin Chua

August 17, 2016

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

American casino operator MGM Resorts International has spent around $325 million in order to acquire an additional 5% stake in its MGM China Holdings Limited subsidiary from Hong Kong entrepreneur Pansy Ho. ...

Crown Resorts Limited annual profit hurt by depressed Macau market

Adam Morgan

August 17, 2016

Australia, Latest Casino and Gambling News, Economy/Finance

Australian casino operator Crown Resorts Limited has released its financial results for the twelve months to the end of June showing a 22.7% decline year-on-year in normalized net profit after tax to $406.2 mil...

Saipan casino operator expects to record a first-half profit

Adam Morgan

August 16, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

After posting a net loss of $21.8 million for the first half of last year, Hong Kong-listed casino operator Imperial Pacific International Holdings Limited has revealed that it expects to record an overall prof...

Grand Korea Leisure reports significant second quarter improvement

Kim M

August 15, 2016

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

In this year’s second quarter, South Korean operator Grand Korea Leisure Co Ltd.’s (114090.KS) net income rose to KRW25.6bn (US$23.1m), a year-on-year increase of 38.1 percent, according to a G3 Newswire report...

Atlantic City Casino revenues see increase in July

Sadonna Price

August 13, 2016

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

On Friday, the New Jersey Division of Gaming Enforcement released the financial results of the gambling industry within the state for last month. Results showed that the land-based venues as well as online gamb...

Bloomberry Resorts Corporation returns to profitability

Adam Morgan

August 13, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Philippine casino operator Bloomberry Resorts Corporation has published its unaudited consolidated financial results for the first six months of 2016 showing a return to profitability thanks to record highs in ...

Huge quarterly gains for Great Canadian Gaming Corporation

Adam Morgan

August 12, 2016

Latest Casino and Gambling News, North America Casino News, Economy/Finance

North American casino operator Great Canadian Gaming Corporation has released its financial results for the second quarter of 2016 showing a 25% increase year-on-year in total revenues to $108.2 million. The...

MelcoLot Limited may revisit Spanish casino project as half-year results improve

Martin Chua

August 11, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Chinese sports lottery operator MelcoLot Limited has released its financial results for the first half of 2016 showing a 41% increase year-on-year in total revenues to $4.38 million while its net loss narrowed ...

Alabama Senator Jim McClendon to introduce rival lottery bill including electronic lottery terminals at dog tracks

Renee Kingsley

August 11, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Alabama, Economy/Finance, Lottery

Alabama is one of the six states in the nation to not have a state lottery and Gov. Robert Bentley is looking to change that by introducing a new bill in legislation which pushes for the state lottery to be leg...

Analysts positive on future of Macau casino gross gaming revenues

Martin Chua

August 10, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Japanese financial services giant Nomura Holdings is predicting that casinos in Macau are on track to record their smallest monthly year-on-year contraction in gross gaming revenues since February. The firm ...

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Atlantic City Casino revenue grows by 21 percent during the first half of 2016

No dividend for Wynn Macau Limited investors as six-month net profit drops over 20%

Paradise Group makes first American purchase

Studio City Casino Macau facing loan default calamity

Alabama Senate may vote after committee approves two lottery bills

MGM Resorts International increases stake in Macau subsidiary

Crown Resorts Limited annual profit hurt by depressed Macau market

Saipan casino operator expects to record a first-half profit

Grand Korea Leisure reports significant second quarter improvement

Atlantic City Casino revenues see increase in July

Bloomberry Resorts Corporation returns to profitability

Huge quarterly gains for Great Canadian Gaming Corporation

MelcoLot Limited may revisit Spanish casino project as half-year results improve

Alabama Senator Jim McClendon to introduce rival lottery bill including electronic lottery terminals at dog tracks

Analysts positive on future of Macau casino gross gaming revenues

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