Economy/Finance | World Casino News

Empire Resorts Incorporated completes financing for coming Montreign Resort Casino

January 25, 2017

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

After starting construction on its Montreign Resort Casino in the summer, Empire Resorts Incorporated has closed on the final pieces of financing needed to complete the $1.2 billion development in upstate New Y...

Steve Wynn gets $12.5 million in stock compensation

Alex Lanter

January 25, 2017

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

Head of Wynn Resorts Ltd and seasoned casino magnate Steve Wynn is reportedly having a great start to 2017, thanks to a stock compensation package in the amount of $12.5 million. Namely, the casino chief’s stoc...

It’s official: Rivers Casino outlines plans for $51 million hotel on North Shore in Pittsburgh

Lars Jones

January 24, 2017

Casino News, Latest Casino and Gambling News, Casino expansion projects, New Hotels, Economy/Finance, Employment & Careers, Pennsylvania

Although the dollar values and few other details were off, most of the preliminary information about a Rivers Casino expansion was shown to be on the money in a January 20 report on the World Casino News. On...

IGT to invest $15 million in new ticket press

Alex Lanter

January 24, 2017

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

Global slot machine manufacturers and recent U.S. lottery ticket suppliers IGT Global Solutions, announced yesterday that they will be investing $15 million in an expansion project for their ticket press facili...

Casino revenue in Mississippi up in December and all of 2016

Kim M

January 24, 2017

Latest Casino and Gambling News, Economy/Finance, Mississippi

The Gross Revenue from Gaming report for Jan 2017 is out and the numbers show that Mississippi casino revenue was up for the last month of 2016, as well the entire year. According to the state’s Miscellaneou...

Study predicts Wisconsin tribes to lose out from Project Forward

Adam Morgan

January 23, 2017

Tribal Gaming, Casino News, Latest Casino and Gambling News, Economy/Finance, Wisconsin

In Wisconsin, a new economic impact study commissioned by the Stockbridge-Munsee Band Of Mohican Indians has reportedly found that the casino-operating tribe stands to lose about 37% of its annual gambling reve...

Communities benefit from Ontario Lottery And Gaming Corporation payments

Adam Morgan

January 23, 2017

Latest Casino and Gambling News, Economy/Finance, Ontario

In Canada, the Ontario Lottery And Gaming Corporation has this week reportedly handed out a total of over $20 million to the 23 communities that host its provincial gaming facilities including around $443,900 t...

Myanmar shadow-state reportedly loses casino patrons from China

Lars Jones

January 22, 2017

Latest Casino and Gambling News, China, Economy/Finance, Myanmar

The remote Wa State in Myanmar, which shares 82 miles (133 km) of frontier with China, once offered Chinese VIPs an out of the way place to gamble large, and still may. Reuters reports that casinos, where the r...

No damage to lottery sales by Plainridge Park Casino opening

Adam Morgan

January 21, 2017

Latest Casino and Gambling News, Economy/Finance, Lottery, Massachusetts

After a December study found that the opening of the Plainridge Park Casino had not led to an increase in crime, a similar year-long investigation has now reportedly concluded that the Massachusetts venue has a...

Success Universe Group Limited warns of three-fold annual deficit

Adam Morgan

January 21, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

Sports lottery and land-based casino operator Success Universe Group Limited has issued a profit warning to investors advising that its consolidated loss for 2016 could have increased by as much as three-fold y...

Government confirms local gambling for Vietnamese in published decree

Lars Jones

January 20, 2017

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

The Vietnam government published a long-awaited decree today (Friday 1-20-2017) confirming a three-year pilot program and setting out rules for citizens and casinos to participate in the trial scheme. Currently...

Genting Group book-building exercise meets with success

Adam Morgan

January 20, 2017

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

An effort by Malaysian casino giant Genting Group to raise some $1 billion in cash has reportedly met with success after its recent offer of guaranteed unsecured fixed-rate notes due in 2027 was met with an alm...

Good year for Macau casino entrepreneurs

Adam Morgan

January 18, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

After suffering through 26 months of decline, the previous five months have seen the casino market in Macau post improvements in aggregated gross gambling revenues and this has reportedly helped some of the fig...

Court approves Caesars bankruptcy plan to emerge in 2017 with $10 billion less debt

Lars Jones

January 18, 2017

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Illinois

In a press relief noted for its brevity compared to the gravity lifted, Caesars Entertainment Corporation (NASDAQ: CZR) has seen its operating company's bankruptcy reorganization plan finally approved allowing ...

Table games help Pennsylvania casinos report record-breaking year

Adam Morgan

January 18, 2017

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The twelve casinos in Pennsylvania had a record-breaking year in 2016 as their combined gross gaming revenues improved by 1.25% year-on-year to hit $3.21 billion thanks in large part to an all-time high in taki...

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Empire Resorts Incorporated completes financing for coming Montreign Resort Casino

Steve Wynn gets $12.5 million in stock compensation

It’s official: Rivers Casino outlines plans for $51 million hotel on North Shore in Pittsburgh

IGT to invest $15 million in new ticket press

Casino revenue in Mississippi up in December and all of 2016

Study predicts Wisconsin tribes to lose out from Project Forward

Communities benefit from Ontario Lottery And Gaming Corporation payments

Myanmar shadow-state reportedly loses casino patrons from China

No damage to lottery sales by Plainridge Park Casino opening

Success Universe Group Limited warns of three-fold annual deficit

Government confirms local gambling for Vietnamese in published decree

Genting Group book-building exercise meets with success

Good year for Macau casino entrepreneurs

Court approves Caesars bankruptcy plan to emerge in 2017 with $10 billion less debt

Table games help Pennsylvania casinos report record-breaking year

Melco Resorts Sees Growth in Macau, Faces Mixed Results Across Global Properties

Alberta Moves Closer to Launching Regulated Sports Betting Market

Resorts World Las Vegas Leadership Shake-Up Signals New Phase of Growth

Ruling Approaches in Legal Dispute Over Cedar Rapids Casino License

Hampton Beach Casino Redevelopment Expands with Gaming and Hotel Vision