Economy/Finance | World Casino News

SkyCity Entertainment Group reports improved annual financial results

August 10, 2016

Latest Casino and Gambling News, Australia, New Zealand, Economy/Finance

SkyCity Entertainment Group has released its financial results for the twelve months to the end of June showing a 13.1% improvement year-on-year in net profit after tax to $145.7 million while its total revenue...

Modest monthly growth for Detroit casino market

Adam Morgan

August 10, 2016

Latest Casino and Gambling News, Economy/Finance, Michigan

Led by the performance of the 400-room MotorCity Casino And Hotel, the three casinos in Detroit have reported a 3.2% growth year-on-year in aggregate revenues for July to $118.5 million. Despite representing...

Macau junket operator expects to remain in the red

Martin Chua

August 9, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Continuing pressure on its business in Macau has seen VIP junket operator Neptune Group Limited announce that it expects to remain in the red for the twelve months to the end of June. The Hong Kong-listed firm...

NagaCorp Limited reports improved first-half profit

Adam Morgan

August 9, 2016

Latest Casino and Gambling News, Cambodia, Economy/Finance

Cambodian casino operator NagaCorp Limited has released its interim financial results for the first six months of 2016 showing a 24% increase year-on-year in net profit to $125.18 million. The firm behind th...

Belle Corporation benefits from City Of Dreams Manila success

Adam Morgan

August 9, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Philippines real estate and gaming firm Belle Corporation has released its financial results for the first six months of 2016 showing an over 9.5% increase year-on-year in net profit to $19.54 million. A sub...

Columbus casino revenue up for July but down at other Ohio casinos

Kim M

August 9, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

In July, racinos in Ohio reported a hike in revenue, while among casinos, only the Hollywood Casino Columbus saw an increase in revenue last month. Statewide, revenue from racinos saw an increase from $80.1 ...

Slot machines in Florida are generating lower tax revenues than initial estimates

Renee Kingsley

August 9, 2016

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

The racetrack casinos in South Florida were responsible for generating $187.9 million in slot machine tax revenue this fiscal. This was a growth of $5.4 million when compared to the last fiscal but still a long...

SJM Holdings Limited posts worse-than-expected first-half results

Martin Chua

August 8, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau casino operator SJM Holdings Limited has released its interim financial results for the first half of 2016 showing a 20.6% decline year-on-year in total revenues to $2.72 billion. The firm behind the i...

Sports betting could add nicely to casino revenue in Mississippi

Kim M

August 7, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Sports betting, Mississippi

The president of the American Gaming Association (AGA) is of the opinion that sports betting could be exactly what the state of Mississippi needs to maintain a steady flow of tax money. Recently, the IP Casi...

Station Casinos trying to sell Castaways Hotel And Casino site

Adam Morgan

August 7, 2016

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

More than a decade after purchasing the shuttered Castaways Hotel And Casino in Las Vegas and then demolishing the property, American casino operator Station Casinos is attempting to sell the vacant 25.5-acre s...

Debt restructuring sought by River Rock Casino

Kim M

August 7, 2016

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

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On Thursday, River Rock Entertainment Authority, the operator of River Rock Casino located in Geyserville, California, announced that it would offer bondholders cash payments amounting to .30 cents on the dolla...

Maryland casinos continue to see revenue gains

Sadonna Price

August 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

Casinos in the state of Maryland are on a roll. For the eighth consecutive month, casino revenues have seen gains, topping $100 million yet again. The month of July saw revenues topping the $100 million mark fo...

Business booming for Saipan’s Best Sunshine Live

Adam Morgan

August 5, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

The temporary Saipan casino from Hong Kong-listed Imperial Pacific International Holdings saw its rolling chip volumes hit approximately $1.74 billion for July while the figure for the first seven months of the...

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Renee Kingsley

August 4, 2016

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

The Best Sunshine Live Casino located in Saipan which is a part of the Commonwealth of the Northern Mariana Islands (CNMI) has been open for just over a year and has already contributed a significant amount of ...

Indian casino operator posts best-ever quarterly results

Adam Morgan

August 3, 2016

Latest Casino and Gambling News, India, Economy/Finance

The largest gaming and hospitality firm in India, Delta Corp Limited, has released its financial results for the first quarter of 2016 showing a 34.6% increase year-on-year in revenues to $162.3 million. Mum...

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SkyCity Entertainment Group reports improved annual financial results

Modest monthly growth for Detroit casino market

Macau junket operator expects to remain in the red

NagaCorp Limited reports improved first-half profit

Belle Corporation benefits from City Of Dreams Manila success

Columbus casino revenue up for July but down at other Ohio casinos

Slot machines in Florida are generating lower tax revenues than initial estimates

SJM Holdings Limited posts worse-than-expected first-half results

Sports betting could add nicely to casino revenue in Mississippi

Station Casinos trying to sell Castaways Hotel And Casino site

Debt restructuring sought by River Rock Casino

Maryland casinos continue to see revenue gains

Business booming for Saipan’s Best Sunshine Live

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Indian casino operator posts best-ever quarterly results

Arizona Sports Betting Surges in September with Record Revenues

UAE Launches Its First Regulated National Lottery: A New Era in Gaming

Philippines’ Intensified Battle Against POGO Evasion: A Nationwide Enforcement Challenge

Kathy Hochul Vetoes Casino Licensing Bill Amid Process Controversy

New Jersey Proposes Seizing Funds from Dormant Online Gambling Accounts