Economy/Finance | World Casino News

Myanmar shadow-state reportedly loses casino patrons from China

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

Gaming Law & Legislation, Latest Casino and Gambling News, 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

Casino News, Latest Casino and Gambling 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, Illinois, Bankruptcy

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...

Olympic Entertainment Group going online via new Malta subsidiary

Adam Morgan

January 16, 2017

Latest Casino and Gambling News, Economy/Finance, Online Gambling News, Malta

After its Polish land-based casino operating subsidiary filed for bankruptcy protections earlier this month, Eastern European casino operator Olympic Entertainment Group has now reportedly established a new onl...

Online earnings help bottom lines at Atlantic City casinos

Adam Morgan

January 14, 2017

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

Last year reportedly saw Atlantic City post its first increase in annual casino aggregated gross gaming revenues in a decade to $2.6 billion thanks in large part to a 32% rise year-on-year in earnings from onli...

World Poker Tour Acquire WPTDeepStacks

Alex Lanter

January 13, 2017

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

Nearly three years after starting a strategic partnership agreement with WTPDeepStacks Poker Tour, the World Poker Tour announced recently that they’ve finally acquired the DeepStacks tour. The relationship bet...

Nevada casinos back in black overall; First time since 2008

Sadonna Price

January 13, 2017

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

The largest gaming venues in the state of Nevada were able to see a profit for the fiscal year 2016, something that has not been done since 2008. Surprisingly, the profit was not solely due to to gambling win w...

Jeju Shinhwa World purchase sends Chinese firm further into the red

Adam Morgan

January 12, 2017

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

After finalizing a deal earlier this month to take full control of the under-construction Jeju Shinhwa World integrated casino resort in South Korea, Chinese real estate developer Landing International Developm...

Las Vegas breaks tourism record for third consecutive year

Kim M

January 12, 2017

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

Visitor traffic in Las Vegas hit an all-time high as a record number of visitors were welcomed to the “Entertainment Capital of the World” in 2016. It’s the third consecutive year of visitation growth for La...

Racino competition leads to difficult year for Ohio casinos

Adam Morgan

January 11, 2017

Latest Casino and Gambling News, Economy/Finance, Ohio

The casino industry in Ohio had a bad 2016 as three of the Midwestern state’s four properties reported year-on-year declines in total annual gaming revenues with the aggregated figure of $797.94 million represe...

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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

Olympic Entertainment Group going online via new Malta subsidiary

Online earnings help bottom lines at Atlantic City casinos

World Poker Tour Acquire WPTDeepStacks

Nevada casinos back in black overall; First time since 2008

Jeju Shinhwa World purchase sends Chinese firm further into the red

Las Vegas breaks tourism record for third consecutive year

Racino competition leads to difficult year for Ohio casinos

Swedish Gambling Authority Bans Simba NV for Unlicensed Operations in Sweden

Bloomberry’s MegaFUNalo Launches to Compete in Philippines’ Booming Online Gaming Market

EQL Games and The UAE Lottery Form Strategic Partnership to Revolutionize iLottery

Hard Rock Hotel & Casino Ottawa Set to Open with Grand Celebrations on July 3, 2025

NY Attorney General Halts 26 Unlicensed Sweepstakes Casino Operations