Economy/Finance | World Casino News

Fate of online gambling bill remains uncertain; Pennsylvania Gov. to let $31B budget become law

July 11, 2016

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

The fate of the state’s online gambling bill that sits in the Senate is no closer to being decided, as Pennsylvania Governor Tom Wolf announced Sunday night that he would let a $31 billion spending bill passed ...

Entertainment Gaming Asia offloads two EGM estates

Adam Morgan

July 8, 2016

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

Electronic gaming machine (EGM) firm Entertainment Gaming Asia has sold the entire estates of appliances it leased to Cambodia’s NagaWorld Hotel And Entertainment Complex and the Leisure World VIP Slot Club in ...

Pennsylvania casinos report 2015-16 slots revenue of $2.4 billion

Alex Lanter

July 8, 2016

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

Pennsylvania casinos had a good year in terms of revenue, with gamblers leaving approximately $2.4 billion in gaming machines in 2015-16. Even though this number is below the record high slot revenue of $2.5 bi...

Ohio casinos June revenue declines for second straight month

Kim M

July 8, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

June revenue for Ohio casinos and racinos was down 5.4 percent from last month, according to a monthly casino revenue report (pdf) from the Ohio Casino Control Commission. It was the second consecutive month of...

June sales nearly double for South Korean casino operator

Adam Morgan

July 7, 2016

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

South Korean casino operator Paradise Company Limited has released its consolidated financial results for June showing a 99.2% increase year-on-year in total sales to approximately $39.6 million. According t...

Studio City to add VIP gaming rooms

Martin Chua

July 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Melco Crown Entertainment Ltd. seems to be set to finally ask permission to open VIP gaming at their previously mass market focused Studio City casino in Macau. Bloomberg, citing anonymous sources as the inform...

Maryland casino revenue grows for the 7th month in a row

Alex Lanter

July 7, 2016

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

Maryland’s five casinos have been on a roll lately and the latest revenue report shows that their performance improved for the 7th month in a row. Combined revenues hit $93.3 million, which is for 2.1% better t...

Government expects less decline in gaming revenue for remainder 2016

Martin Chua

July 5, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Although gross gaming revenue in Macau saw a year on year drop in the first half of 2016 to MOP107.79 billion, a decline of 11.4 percent from the corresponding period in 2015, the latest report by the governmen...

Pagcor temporarily halts online gaming licenses; trading suspension requested by PhilWeb

Kim M

July 5, 2016

Latest Casino and Gambling News, Online gambling regulation, Economy/Finance, Licenses, Philippines

Following newly elected President Rodrigo Duterte’s vow last week to stop the proliferation of online gambling in the Philippines, the country’s gaming regulator, Philippine Amusement and Gaming Corp. (PAGCOR),...

Saipan’s Best Sunshine Live tallies $US1.66 billion in rolling for June

Lars Jones

July 4, 2016

Casino News, Economy/Finance, Macau, Northern Mariana Islands, Saipan

In their voluntary monthly filing with the Hong Kong Stock Exchange Saturday, Best Sunshine's parent company Imperial Pacific International Holdings Ltd released un-audited numbers showing the Best Sunshine Liv...

Fitch Ratings reaffirms Genting Berhad’s A- grade

Adam Morgan

July 4, 2016

Latest Casino and Gambling News, Economy/Finance, Malaysia, Singapore

Credit ratings agency Fitch Ratings has reaffirmed the long-term foreign-currency issuer default rating (IDR) and unsecured rating of “A-” held by casino operator Genting Berhad thanks to its “strong market pos...

Q3 begins following 25 months of decline in Macau GGR

Martin Chua

July 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Data released Friday by Macau's casino regulator, the Gaming Inspection and Coordination Bureau (DICJ) show the gaming downturn entering its third year with a year on year gross gaming revenue (GGR) drop of 8....

Nevada revenues decrease for month of May

Sadonna Price

July 1, 2016

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

The casino revenue numbers for the state of Nevada are down for the month of May, with the Nevada Gaming Control Board reporting $958 million in earnings which is a 4.53% decrease from May of 2015. Despite the ...

KPMG releases Gibraltar eGaming Summit report

Lars Jones

June 30, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Technology, Economy/Finance, Conferences / Trade Shows, Taxation, Gibraltar

The KPMG eGaming Summit was held at the Sunborn Hotel in Gibraltar on 21st April, and featured about 30 keynote speakers and 250 delegates. KPMG has now released a 52 page report which covers the various panel ...

Prime Minister agrees plan to salvage The Baha Mar Casino And Hotel

Adam Morgan

June 30, 2016

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

The Prime Minister of the Bahamas, Perry Christie, has announced that his government has entered into a “framework agreement” to complete construction on The Baha Mar Casino And Hotel “as expeditiously as possi...

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Fate of online gambling bill remains uncertain; Pennsylvania Gov. to let $31B budget become law

Entertainment Gaming Asia offloads two EGM estates

Pennsylvania casinos report 2015-16 slots revenue of $2.4 billion

Ohio casinos June revenue declines for second straight month

June sales nearly double for South Korean casino operator

Studio City to add VIP gaming rooms

Maryland casino revenue grows for the 7th month in a row

Government expects less decline in gaming revenue for remainder 2016

Pagcor temporarily halts online gaming licenses; trading suspension requested by PhilWeb

Saipan’s Best Sunshine Live tallies $US1.66 billion in rolling for June

Fitch Ratings reaffirms Genting Berhad’s A- grade

Q3 begins following 25 months of decline in Macau GGR

Nevada revenues decrease for month of May

KPMG releases Gibraltar eGaming Summit report

Prime Minister agrees plan to salvage The Baha Mar Casino And Hotel

Arizona Sports Betting Surges in September with Record Revenues

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

Navajo Nation Secures Trust Land for Economic Growth and Gaming Facility

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

Kathy Hochul Vetoes Casino Licensing Bill Amid Process Controversy