Economy/Finance | World Casino News

Northwest Indiana casinos report a 10% revenue decline in May

June 9, 2016

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

A sharp drop in revenue of 10% reported Northwest Indiana casinos; in May, 2016 the five operators along Lake Michigan’s shore generated $79.3 million, a number drastically lower than the results of $88.2 milli...

Saskatchewan Indian Gaming Authority reports revenue and profit rise

Adam Morgan

June 8, 2016

Latest Casino and Gambling News, Economy/Finance, Saskatchewan, Canadian Tribal

The Saskatchewan Indian Gaming Authority has reported a 0.7% increase year-on-year in net revenue for the twelve months to the end of March while its overall profit rose by 2.6% to $68.1 million. The operato...

Ohio May racino revenue jumps, while casino revenue declines

Alex Lanter

June 8, 2016

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

According to the latest revenue report for racinos and casinos in Ohio, the state noted a jump in racino and drop in casino performance in May. Ohio’s seven racinos generated $78.24 million, whereas the four ca...

Macau decline contributes to Chow Tai Fook Jewellery’s 46% profit drop

Martin Chua

June 7, 2016

Latest Casino and Gambling News, Hong Kong, Economy/Finance, Macau

Chow Tai Fook Jewellery Group Ltd., has reported a full year profit drop of 46 percent as the Chinese economy beyond Macau gaming has continued to slow. Poor demand in Hong Kong, as well as Macau contributed to...

New study casts doubts on Georgia casino benefits

Adam Morgan

June 7, 2016

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

A study paid for by the Central Atlanta Progress downtown business coalition has reportedly cast doubts on whether legalizing up to four casino resorts in Georgia would produce the desired economic benefits. ...

MGM starts charging visitors for parking

Alex Lanter

June 7, 2016

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

1

On Monday MGM Resorts International started its controversial paid parking system at some of its gaming properties. According to the information provided by the operator, self-parking will be charged for vehicl...

Second consecutive record-breaking month for Maryland casinos

Adam Morgan

June 7, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

The five casinos in Maryland brought in an all-time high of $104.4 million in gross revenues last month led by the performance of Maryland Live! Casino in Hanover and the Horseshoe Casino Baltimore. Accordin...

May VIP roll hits $2.52 billion for Saipan casino

Kim M

June 6, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

2

Also see: Saipan’s Best Sunshine Live tallies $US1.66 billion in rolling for June In May, roll on VIP tables from Imperial Pacific’s temporary Best Sunshine Live casino at the T Galleria in Garapan, Saipan w...

Resident approvals sought for Plainridge Park Casino benefits

Adam Morgan

June 6, 2016

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

After welcoming slots to its Plainridge Park Casino last summer, the citizens of Plainville, Massachusetts, are now being asked how they would like to spend the resulting benefits. The town negotiated a deal...

North Jersey casino referendum receives show of support in Rutherford

Renee Kingsley

June 6, 2016

Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, New Jersey

The referendum to set up two new casinos in North Jersey and remove Atlantic City’s monopoly over the casino industry is set to go to vote in November 2016. More than one hundred business leaders, politicians, ...

Las Vegas Sands considering Marina Bay Sands expansion

Adam Morgan

June 3, 2016

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

The Marina Bay Sands casino and resort could well soon feature a new 1,200-room tower along with an entertainments arena after operator Las Vegas Sands revealed it may be looking to expand its development in Si...

Fitch Ratings Say Trump Taj Mahal casino could shutdown if Atlantic City’s casino industry continues to decline

Renee Kingsley

June 3, 2016

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

Atlantic City’s casino industry has been in decline for close to a decade now with revenues falling from $5.2 billion in 2006 to $2.56 billion in 2015. The slump in the casino market resulted in four out of the...

Slot success in May for Sands Casino Resort Bethlehem

Adam Morgan

June 3, 2016

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

The Sands Casino Resort Bethlehem was the leading slots venue in Pennsylvania last month after reporting an almost 5% increase year-on-year in gross revenues from the machines to $27.92 million. According to...

Caesars’ casino REIT plan opposed by U.S. lawmakers

Kim M

June 2, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Treasury Secretary Jacob Lew was urged by U.S. Congress members to deny a favorable tax ruling to Caesars Entertainment Corp (NASDAQ: CZR) relating to the plan by the casino operator to create a casino operator...

Revenue from casino helps Saratoga County avoid tapping fund balance

Kim M

June 2, 2016

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

In Saratoga County, New York, the operation of vehicles that transport inmates from the Saratoga County Jail to and from other jails, court hearings, and medical appointments, is now handled by designated sheri...

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Northwest Indiana casinos report a 10% revenue decline in May

Saskatchewan Indian Gaming Authority reports revenue and profit rise

Ohio May racino revenue jumps, while casino revenue declines

Macau decline contributes to Chow Tai Fook Jewellery’s 46% profit drop

New study casts doubts on Georgia casino benefits

MGM starts charging visitors for parking

Second consecutive record-breaking month for Maryland casinos

May VIP roll hits $2.52 billion for Saipan casino

Resident approvals sought for Plainridge Park Casino benefits

North Jersey casino referendum receives show of support in Rutherford

Las Vegas Sands considering Marina Bay Sands expansion

Fitch Ratings Say Trump Taj Mahal casino could shutdown if Atlantic City’s casino industry continues to decline

Slot success in May for Sands Casino Resort Bethlehem

Caesars’ casino REIT plan opposed by U.S. lawmakers

Revenue from casino helps Saratoga County avoid tapping fund balance

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