Economy/Finance | World Casino News

DraftKings raises $153 million from new investors

September 6, 2016

Latest Casino and Gambling News, Economy/Finance, Fantasy Sports

In advance of this week’s start of the next instalment of the National Football League (NFL), daily fantasy sports operator DraftKings has secured $153 million in new funding from a number of investors. Acco...

Table games performance helps South Korean casino operator’s bottom line

Adam Morgan

September 6, 2016

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

South Korean casino operator Paradise Company Limited has released its financial results for August showing a 19.5% increase year-on-year in total casino sales to $52.6 million helped by the performance of tabl...

Casinos Austria returns to profit

Alex Lanter

September 6, 2016

Austria, Latest Casino and Gambling News, Economy/Finance, Financial Press Releases

Casinos Austria International have completed a successful restructuring, which resulted with a high operating profit of €18.9 million for the first time in the past seven years. The performance of the compan...

Junket operator abandons Sands Cotai Central

Martin Chua

September 5, 2016

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

After earlier reporting a 47% drop year-on-year in company-wide rolling chip volumes for the first seven months of 2016 to $2.3 billion, VIP junket operator Iao Kun Group Holding Company Limited has closed its ...

Ongpin renews auction of his PhilWeb shares

Sadonna Price

September 5, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Plans have been revived by Roberto Ongpin in his efforts to use his shares of the PhilWeb Corporation to try and help the company after the Philippine amusement and Gaming Corporation rejected or seemingly igno...

Chile casinos see rise in revenues for July

Sadonna Price

September 3, 2016

Latest Casino and Gambling News, Chile, Economy/Finance

The month of July was a good one for casinos located in the Chile, with gross gaming revenues coming in at $40,970,435. The earnings for the month showed a 2.7% increase for July when compared to the same month...

Consolidation helps results at Melco International Development Limited

Martin Chua

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

Latest Casino and Gambling News, Casino proposals, 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...

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DraftKings raises $153 million from new investors

Table games performance helps South Korean casino operator’s bottom line

Casinos Austria returns to profit

Junket operator abandons Sands Cotai Central

Ongpin renews auction of his PhilWeb shares

Chile casinos see rise in revenues for July

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

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