Economy/Finance | World Casino News

Macau gaming regulator predicts positive future for local casino industry

December 9, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The head of Macau’s gaming regulator has reportedly explained that he expects the city’s casinos to post improved year-on-year aggregated gross gambling revenues for 2017 thanks to the industry’s efforts at lur...

Macau’s Casino stocks decline after China announces 50 percent reduction on ATM withdrawals: Updated

Renee Kingsley

December 9, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, China, Economy/Finance, Macau

Macau casino stocks took a hit after it was announced that Macau’s Monetary Authority (MMA) would impose restrictions on UnionPay and other ATM withdrawals from December 10 based on instructions from China. The...

Japan’s lower house passes casino bill; Expected to be signed into law by Dec. 14

Lars Jones

December 6, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Economy/Finance, Japan, Licenses, Taxation

Japan has taken another major step toward lifting the country's ban on casinos and opening what could become one of the world's most lucrative gaming markets. On Tuesday, the lower house of the Diet (parliam...

Mississippi casinos see winning month in October

Sadonna Price

December 5, 2016

Latest Casino and Gambling News, Economy/Finance, Mississippi

The state of Mississippi was able to produce another winning month in the casino industry for October. With casinos performing best along the Gulf Coast, the gambling revenues for the entire state increased by ...

October gaming numbers for Washoe, Clark Counties

Lars Jones

December 4, 2016

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

Bets through slot machines and over the tables were down about 2.4 percent in Nevada for October over the same period in 2015, but the house saw wins increase more than 11 percent across the state for total GGR...

Mountaineer Casino Racetrack And Resort hurt by growing competition

Adam Morgan

December 3, 2016

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

In West Virginia, profits at the Mountaineer Casino Racetrack And Resort have reportedly dropped to less than half their 2014 levels due to the recent implementation of an indoor smoking ban and ever-rising com...

Mohegan Tribal Gaming Authority details South Korea casino investment

Adam Morgan

December 2, 2016

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

The Mohegan Tribal Gaming Authority has announced that it anticipates earning fee incomes of around $750 million as a result of its involvement in the proposed Inspire Integrated Resort being planned for South ...

Macau’s GGR shows fourth consecutive month of increase after 14 percent growth reported in November

Renee Kingsley

December 2, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry appears to be finally witnessing a turnaround after the Gaming Inspection and Coordination Bureau reported that gross gaming revenue (GGR) in the world’s biggest gambling hub had gone up...

Crown Resorts Limited delays international break-up plan

Adam Morgan

December 1, 2016

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

The previously announced plan from Crown Resorts Limited that was to see the Australian casino operator cleave off major parts of its international business by April has reportedly been delayed following the ar...

In depth: New York casino tax breaks draw criticism

Adam Morgan

November 28, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Indepth / Featured Articles, New York

In New York, four new casino resorts are set to begin operations from as early as next week amid criticism that previously agreed arrangements with local governments will see a trio of the properties benefiting...

Greek Mythology stakeholder Amax posts $18.3m loss first half FY 2017

Lars Jones

November 28, 2016

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

Amax International Holdings Limited (HKEx:959), a stakeholder in Taipa, Macau's shuttered Greek Mythology Casino at the Beijing Imperial Palace Hotel, has posted a HK$18.287 million loss for the six month perio...

DFS operators remain on even keel after planned merger announcement

Sadonna Price

November 28, 2016

Latest Casino and Gambling News, Economy/Finance, Sports betting, Mergers, Acquisitions & Partnerships, Fantasy Sports

Earlier in November it was announced that top daily fantasy sports operators, FanDuel and DraftKings, would become one with a merger of the two companies. As the planned merger will soon come to fruition, both ...

Crown taps outside legal in exposure assessment on Chinese charges

Lars Jones

November 26, 2016

Australia, Latest Casino and Gambling News, Gaming Law & Legislation, China, Economy/Finance, Unlicensed Operation

James Packer's Crown Resorts has reportedly deployed a host of high-powered in-house and outside legal advisers and counsel to help assess the corporation's vulnerability and liability following the arrest of 1...

Casinos help Maryland horseracing renaissance

Adam Morgan

November 26, 2016

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

In Maryland, a new report has found that casinos in the eastern state have helped the local horseracing industry to increase its economic impact over the past five years by in excess of 20%. According to a r...

DNA Star Vegas in Cambodia, Aristo in Vietnam underlie Donaco FY2016 success

Lars Jones

November 25, 2016

Cambodia, Latest Casino and Gambling News, Economy/Finance, Vietnam

Donaco International Ltd. (ASX:DNA) chairman Stuart McGregor updated stakeholders during the company's 2016 annual general meeting (AGM) on Thursday. McGregor began the body of his address by noting that 2016 h...

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Macau gaming regulator predicts positive future for local casino industry

Macau’s Casino stocks decline after China announces 50 percent reduction on ATM withdrawals: Updated

Japan’s lower house passes casino bill; Expected to be signed into law by Dec. 14

Mississippi casinos see winning month in October

October gaming numbers for Washoe, Clark Counties

Mountaineer Casino Racetrack And Resort hurt by growing competition

Mohegan Tribal Gaming Authority details South Korea casino investment

Macau’s GGR shows fourth consecutive month of increase after 14 percent growth reported in November

Crown Resorts Limited delays international break-up plan

In depth: New York casino tax breaks draw criticism

Greek Mythology stakeholder Amax posts $18.3m loss first half FY 2017

DFS operators remain on even keel after planned merger announcement

Crown taps outside legal in exposure assessment on Chinese charges

Casinos help Maryland horseracing renaissance

DNA Star Vegas in Cambodia, Aristo in Vietnam underlie Donaco FY2016 success

NCAA Reportedly Closer to Lifting Ban on Professional Sports Betting

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