Economy/Finance | World Casino News

Macau casinos share prices drop as China increases scrutiny over capital outflows

January 4, 2017

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

Macau’s casino industry went through a major slump resulting in 26 consecutive months of gross gaming revenue (GGR) decline which ended in August 2016. The industry since then has shown signs of recovery as GGR...

Carl Icahn to give up casino license and stop anyone else from using Taj as gaming venue

Sadonna Price

January 4, 2017

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

Billionaire activist investor Carl Icahn may have had big plans last year for the Trump Taj Mahal Casino after purchasing the venue out of bankruptcy. However, decisions along the way would result in Icahn now ...

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

Adam Morgan

January 4, 2017

Latest Casino and Gambling News, Casino closures, Economy/Finance, Bankruptcy, Poland

Eastern European casino operator Olympic Entertainment Group has announced that its Polish subsidiary has filed for bankruptcy protections following a late-September decision from the Finance Ministry not to ex...

December marks fifth month of Macau recovery

Lars Jones

January 2, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

December marked the fifth month in a row that Macau's gambling economy showed year-on-year increases, but the first seven months of the year still tanked the annual numbers making 2016 the third consecutive yea...

Banner year for West Virginia racetrack and casino

Adam Morgan

January 2, 2017

Horse Racing, Latest Casino and Gambling News, Economy/Finance, West Virginia

Last year reportedly saw the Hollywood Casino At Charles Town Races in West Virginia set a number of all-time individual highs including record all-sources handle per race of $116,184 alongside its largest indi...

Mississippi casino industry on the mend; Best coastal numbers since 2008

Lars Jones

January 2, 2017

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Mississippi

Before the December numbers come out and are added to the year, Mississippi casinos have posted up $1,950,495,795.55 in adjusted gross gaming revenue for 2016. The best month was Feb. with over $190 million and...

Marina Bay Sands policy on China UnionPay cards angers Beijing

Adam Morgan

December 31, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

In Singapore, a voucher system that sees mainland Chinese gamblers at the Marina Bay Sands permitted to use their China UnionPay bank cards to purchase casino chips has reportedly upset officials in Beijing. ...

Gambling taxes now account for almost 78% of all Macau government revenues

Adam Morgan

December 30, 2016

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

The government of Macau has reportedly revealed that it raked in $9.11 billion from gambling taxes over the first eleven months of 2016 with the amount accounting for some 77.8% of all revenues. According to...

Bahamas sees credit rating downgraded

Adam Morgan

December 30, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas, Economy/Finance

American financial services firm Standard And Poor's Financial Services has downgraded the debt rating of the Bahamas while stating that the expected phased opening of The Baha Mar Casino And Hotel development ...

Santa Anita Park records improved opening-day business

Adam Morgan

December 29, 2016

Latest Casino and Gambling News, Horse Racing, California, Economy/Finance

In California, horseracing track operator Stronach Group has reported year-on-year increases in attendance and handle for the beginning of the winter-spring session at its Santa Anita Park. According to a re...

Foreign tourists to help Macau revival in 2017

Adam Morgan

December 29, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s effort to reinvent itself by premiering more family-friendly attractions is reportedly set to pay off next year as the former Portuguese enclave is expected to see a huge surge in tourists and mass-mark...

Las Vegas expected to benefit from record year-end travel period

Adam Morgan

December 28, 2016

Latest Casino and Gambling News, U.S.A., Las Vegas, Economy/Finance

A new report from the American Automobile Association has predicted that more than 103 million Americans are expected to travel more than 50 miles from home for a year-end holiday with Las Vegas being forecast ...

Macau casino market on track to end 2016 on a high

Adam Morgan

December 28, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, industry experts have reportedly predicted that aggregated gross gaming revenues for December are on track to post a year-on-year increase of between 4% and 6% and bring the monthly tally to around $2...

Gambling in Sochi to even out seasonal economy

Lars Jones

December 28, 2016

Latest Casino and Gambling News, Casino News, Casino openings, Casino project updates, Economy/Finance, Russia, Russia

The Russian state-owned news agency TASS is reporting that the new Krasnaya Polyana gambling zone in Sochi will attract the attention of tourists and help drive the economy of the area during the mountain clust...

Lost casino tickets bring in big bucks for Nevada

Kim M

December 27, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, The Players Lounge, Nevada

The state of Nevada is literally cleaning up on unclaimed slot and video machine tickets that gamblers have either lost, forgot to cash in or didn’t bother to, to the tune of more than $35 million over the past...

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Macau casinos share prices drop as China increases scrutiny over capital outflows

Carl Icahn to give up casino license and stop anyone else from using Taj as gaming venue

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

December marks fifth month of Macau recovery

Banner year for West Virginia racetrack and casino

Mississippi casino industry on the mend; Best coastal numbers since 2008

Marina Bay Sands policy on China UnionPay cards angers Beijing

Gambling taxes now account for almost 78% of all Macau government revenues

Bahamas sees credit rating downgraded

Santa Anita Park records improved opening-day business

Foreign tourists to help Macau revival in 2017

Las Vegas expected to benefit from record year-end travel period

Macau casino market on track to end 2016 on a high

Gambling in Sochi to even out seasonal economy

Lost casino tickets bring in big bucks for Nevada

FireKeepers Casino Launches Enhanced Slot Area and Premier Poker Room

MGM Resorts Reaches New Contract with CEO Bill Hornbuckle, Extending Tenure Until 2028

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