Economy/Finance | World Casino News

Station Casinos trying to sell Castaways Hotel And Casino site

August 7, 2016

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

More than a decade after purchasing the shuttered Castaways Hotel And Casino in Las Vegas and then demolishing the property, American casino operator Station Casinos is attempting to sell the vacant 25.5-acre s...

Debt restructuring sought by River Rock Casino

Kim M

August 7, 2016

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

1

On Thursday, River Rock Entertainment Authority, the operator of River Rock Casino located in Geyserville, California, announced that it would offer bondholders cash payments amounting to .30 cents on the dolla...

Maryland casinos continue to see revenue gains

Sadonna Price

August 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

Casinos in the state of Maryland are on a roll. For the eighth consecutive month, casino revenues have seen gains, topping $100 million yet again. The month of July saw revenues topping the $100 million mark fo...

Business booming for Saipan’s Best Sunshine Live

Adam Morgan

August 5, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

The temporary Saipan casino from Hong Kong-listed Imperial Pacific International Holdings saw its rolling chip volumes hit approximately $1.74 billion for July while the figure for the first seven months of the...

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Renee Kingsley

August 4, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Northern Mariana Islands, Saipan

The Best Sunshine Live Casino located in Saipan which is a part of the Commonwealth of the Northern Mariana Islands (CNMI) has been open for just over a year and has already contributed a significant amount of ...

Indian casino operator posts best-ever quarterly results

Adam Morgan

August 3, 2016

Latest Casino and Gambling News, Economy/Finance, India

The largest gaming and hospitality firm in India, Delta Corp Limited, has released its financial results for the first quarter of 2016 showing a 34.6% increase year-on-year in revenues to $162.3 million. Mum...

July numbers up for Macau casinos, moving toward stability

Martin Chua

August 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

According to a report out today by Macau's Gaming Inspection and Coordination Bureau (DICJ) gross gaming revenues for the month of July were up significantly from June's numbers, but still down a bit year on ye...

Slight increase in revenue end of Nevada fiscal year; Macau numbers still down y-o-y

Kim M

August 1, 2016

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

A revenue summary released by the by the Nevada Gaming Control Board on Friday shows that for the month of June, Nevada casinos reported a total “gaming win” of $887.4 million; up 6.80 percent from the $830.9 r...

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Renee Kingsley

July 31, 2016

Latest Casino and Gambling News, China, Casino project updates, Bahamas, Caribbean Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

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The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was initially scheduled to open in 2014 and generate tho...

Changes in Japan’s political environment brings casino legislation once again to the forefront

Renee Kingsley

July 30, 2016

Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Japan, Licenses, Macau, Asian Casino News, Philippines, South Korea

Gaming analysts believe that Japan is in a great position to benefit from legalizing the casino industry and Union Gaming analyst Grant Govertsen recently confirmed that a change in the country’s political envi...

Macau economy predicted to return to growth in 2017

Adam Morgan

July 30, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The economy of Macau may be about to overturn three years of decline and return to growth thanks to a change in focus from casino operators such as Las Vegas Sands Corporation and Wynn Resorts. According to ...

Mixed news for Wynn Resorts

Adam Morgan

July 29, 2016

Latest Casino and Gambling News, Economy/Finance, Licenses

International casino operator Wynn Resorts announced in a quarterly report that they only expect to receive official permission to operate 100 gaming tables in the casino at its coming Wynn Palace development i...

Alabama Governor Robert Bentley to schedule special session for legislation of state lottery

Renee Kingsley

July 28, 2016

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

The state of Alabama has been struggling to raise sufficient funds to take care of basic services and for over a decade has had to borrow heavily and make use of one time funds to pay for these services. Govern...

Brokerage lowers Genting Singapore estimates following Marina Bay Sands results

Kim M

July 27, 2016

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

Las Vegas Sands this week reported that at its Marina Bay Sands resort VIP volume for the second quarter of 2016 decreased by 29 percent, but a 0.7 point increase in VIP along with a 6 percent rise in slots han...

Silver Heritage Group is going public in Australia

Adam Morgan

July 27, 2016

Latest Casino and Gambling News, Economy/Finance, Asian Casino News

1

Asian casino operator Silver Heritage Group has launched an initial public offering in hopes of raising approximately $18.6 million to help fund future projects including its under-construction Tiger Palace Res...

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Station Casinos trying to sell Castaways Hotel And Casino site

Debt restructuring sought by River Rock Casino

Maryland casinos continue to see revenue gains

Business booming for Saipan’s Best Sunshine Live

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Indian casino operator posts best-ever quarterly results

July numbers up for Macau casinos, moving toward stability

Slight increase in revenue end of Nevada fiscal year; Macau numbers still down y-o-y

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Changes in Japan’s political environment brings casino legislation once again to the forefront

Macau economy predicted to return to growth in 2017

Mixed news for Wynn Resorts

Alabama Governor Robert Bentley to schedule special session for legislation of state lottery

Brokerage lowers Genting Singapore estimates following Marina Bay Sands results

Silver Heritage Group is going public in Australia

Coney Island Casino Proposal Promises $200 Million Community Trust Fund

Wynn Resorts Expands Reach with Acquisition of Crown London Casino

Delta Air Lines Partners with DraftKings for Future Gaming Experience in the Skies

Michigan Suspends TwinSpires’ Operations Over Advance Deposit Wagering Violations

Belle Corp Pursues Clark Casino Expansion Amid Challenges