Economy/Finance | World Casino News

Michigan marks 20th birthday of Detroit commercial casino legislation

July 19, 2017

Latest Casino and Gambling News, Economy/Finance, Michigan

To celebrate the 20th birthday of legislation that legalized commercial casinos in Detroit, the Michigan Gaming Control Board has revealed that the city’s three gambling establishments have since paid out more ...

Foxwoods Resort Casino reports improved June slot revenues

Adam Morgan

July 18, 2017

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

In Connecticut, the federally-recognized Mashantucket Pequot Tribal Nation has reportedly announced that June slot machine revenues from its Foxwoods Resort Casino property increased by 8% year-on-year to reach...

James Packer increases stake in The Star Entertainment Group Limited

Adam Morgan

July 17, 2017

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

The man behind Australian casino giant Crown Resorts Limited, James Packer, is reportedly part of an investments vehicle that last week purchased a significant stake in rival operator The Star Entertainment Gro...

Mohegan Sun records $49.2 million in slot revenues for June

Adam Morgan

July 17, 2017

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

As it pushes ahead with the plan to build a Connecticut casino in partnership with the Mashantucket Pequot Tribal Nation, the federally-recognized Mohegan Tribe has reportedly revealed that June slot revenues f...

Northwest Indiana casinos see year-over-year revenue increase for June

Sadonna Price

July 16, 2017

Latest Casino and Gambling News, Economy/Finance, Indiana

Last week, the Indiana Gaming Commission released the monthly revenue report for casinos in Indiana, with the five casinos in the Northwest region of the state bringing in just over $75 million for June. This w...

Genting Group disposes of stake in The Star Entertainment Group Limited

Adam Morgan

July 14, 2017

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

After earlier this week revealing that the Mashpee Wampanoag Tribe of Massachusetts owes it approximately $347.4 million, Asian casino operator Genting Group has now reportedly announced that it has sold its re...

Australian DFS startup PlayUp seeks $7.7 million to expand internationally

Alex Lanter

July 13, 2017

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

PlayUp, an Australian startup that offers an advertisement-paid version of daily fantasy sports (DFS) is looking for AUD $10 Million (US $7.7 million) to expand the venture on an international scale, according ...

Improved June for Ohio casino and racino industries

Adam Morgan

July 11, 2017

Latest Casino and Gambling News, Economy/Finance, Ohio

The four casinos in Ohio saw their aggregated gross gaming revenues for June increase by more than 2% year-on-year to $62.08 million while the state’s seven racinos continued to post rises with their monthly co...

The Star Entertainment Group Limited Chairman warns of over-reliance on China

Adam Morgan

July 10, 2017

Latest Casino and Gambling News, Australia, Economy/Finance

The Chairman for Australian casino operator The Star Entertainment Group Limited has reportedly stated that his firm’s home market has the potential to attract up to five times as many Chinese players as it doe...

Macau casino revival continues in June despite Xi Jinping visit

Adam Morgan

July 4, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, June reportedly saw aggregated gross gaming revenues rise for an eleventh consecutive month as the over 30 casinos in the city posted a 25.9% combined increase year-on-year to bring in just over $2.49...

New York State awards Niagara Falls $3m to support growth in area around casino

Kim M

July 3, 2017

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, New York

An area around the Seneca Niagara Casino & Hotel which officials are calling the "Niagara Falls Tourism Target Zone," will be receiving $3 million from New York State. A one-to-two-mile radius around the...

Kazuo Okada removed as Chairman of Universal Entertainment Corporation

Adam Morgan

June 30, 2017

Latest Casino and Gambling News, Economy/Finance, Japan, Crime

Three weeks after Universal Entertainment Corporation launched an investigation into the involvement of veteran Japanese businessman Kazuo Okada into alleged illegal transfers of company cash and the 74-year-ol...

Official lottery products of Mainland China see YOY increase

Sadonna Price

June 28, 2017

Latest Casino and Gambling News, China, Economy/Finance

China’s Ministry of Finance has released data on the official lottery products of Mainland China that show the country has seen an increase in sales of 8.9% when considered year-on-year (YOY) totals. In May,...

William Hill to close Israeli offices; over 200 employees to be laid off

Alex Lanter

June 27, 2017

Latest Casino and Gambling News, Israel, Gaming Industry News, Economy/Finance, United Kingdom

UK sportsbetting giant William Hill will shutter its online operations in Tel Aviv and lay off more than 200 of the 250 employees, to include the company’s offices at the Azrieli Towers, according to an update ...

Gambling now accounts for almost 83% of Macau’s tax revenues

Adam Morgan

June 20, 2017

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, the government has reportedly revealed that it raked in $4.64 billion in taxes from gambling between January and May, which was a 12.4% increase year-on-year, and that the activity had accounted for 8...

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Michigan marks 20th birthday of Detroit commercial casino legislation

Foxwoods Resort Casino reports improved June slot revenues

James Packer increases stake in The Star Entertainment Group Limited

Mohegan Sun records $49.2 million in slot revenues for June

Northwest Indiana casinos see year-over-year revenue increase for June

Genting Group disposes of stake in The Star Entertainment Group Limited

Australian DFS startup PlayUp seeks $7.7 million to expand internationally

Improved June for Ohio casino and racino industries

The Star Entertainment Group Limited Chairman warns of over-reliance on China

Macau casino revival continues in June despite Xi Jinping visit

New York State awards Niagara Falls $3m to support growth in area around casino

Kazuo Okada removed as Chairman of Universal Entertainment Corporation

Official lottery products of Mainland China see YOY increase

William Hill to close Israeli offices; over 200 employees to be laid off

Gambling now accounts for almost 83% of Macau’s tax revenues

Allwyn UK Completes Historic National Lottery Tech Upgrade with Scientific Games’ Momentum Ecosystem

BetMGM Partners with “The Price is Right” for Groundbreaking Custom Game

Hong Kong Legalizes Basketball Betting in Effort to Combat Illegal Gambling

Mexico’s 2026 Economic Package Includes Drastic Increase in Gambling Taxes

NCAA Permanently Bans Three College Basketball Players for Betting Scandal