Economy/Finance | World Casino News

Atlantic City’s eight casinos see increased revenue by almost 11% in September

October 16, 2015

U.S.A., Latest Casino and Gambling News, Economy/Finance, New Jersey

The eight surviving land based casinos in Atlantic City saw their overall gaming revenue increase by approximately 11 percent in September 2015, compared to the same period a year ago. Yesterday the Division of...

Macau’s Studio City downgrades its hotel from 5 star to 4 star to adapt to tourism price drop

Renee Kingsley

October 16, 2015

New Hotels, World Casino News, Casino project updates, Economy/Finance, Macau, Asian Casino News

Macau’s casino industry lost over $100 billion during the last 18 months due to the anti-corruption crackdown which scared away high-rollers and caused a major slump in the gambling market in Macau. The market ...

Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium

Renee Kingsley

October 13, 2015

Australia, Casino openings, China, Hong Kong, Economy/Finance, Asian Casino News

Echo Entertainment and James Packer’s Crown Resorts battled it out to secure rights to construct a $3 billion mega-casino resort at Queen's Wharf, Brisbane. The Queensland government eventually decided that Ech...

Georgia Governor may support casino bill – for a price

D. Graham

October 12, 2015

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, Georgia

According to an exclusive interview, reporters for The Atlanta Journal-Constitution (AJC) have disclosed that Georgia Governor Nathan Deal might support the legislature’s current casino bill – if the bill’s fea...

Studio City set to open Oct. 27, no table allocation announced yet

Lars Jones

October 9, 2015

Latest Casino and Gambling News, Casino openings, Casino project updates, Economy/Finance, Licenses, Macau

All eyes are on Macau's Gaming Inspection and Coordination Bureau, the regulators who will decide the number of tables to be allowed at Melco Crown Entertainment Ltd’s Studio City Macau when it opens later this...

Macau junket operator Iao Kun sees huge decrease in chip turnover

Sadonna Price

October 8, 2015

Latest Casino and Gambling News, Economy/Finance, Macau

Based on a recent filing with the Nasdaq Stock Exchange, Iao Kun, a junket company operating in Macau, has seen a decline in the year-on-year rolling chip turnover for September. Reports show that the operator ...

Harrah’s Cherokee Valley River Casino revenue should enhance tribe’s well-being

Kim M

October 6, 2015

Latest Casino and Gambling News, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, North Carolina

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With the opening of Harrah’s Cherokee Valley River Casino and Hotel in Murphy, North Carolina on September 28th the Eastern Band of Cherokee Indians has bolstered their economic independence and ability to take...

Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

Renee Kingsley

October 5, 2015

Gaming Law & Legislation, Casino News, China, Economy/Finance, Asian Casino News, Macau

Macau’s department of gaming recently confirmed that gaming revenue has fallen for the 16th consecutive month. This drop in gaming revenue is due to the anti-corruption crackdown launched by Beijing in 2014 tha...

Vegas casinos petitioning to buy their electricity wholesale

D. Graham

October 5, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Economy/Finance, Nevada

It all started November 2014 when the Las Vegas data storage company, Switch, petitioned the Nevada Public Utilities Commission their intention to leave NV Energy, owned by Warren Buffett’s Berkshire Hathaway....

Fading MERS fears spark improved casino sales for Paradise

Kim M

October 5, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, South Korea

Down 34 percent for the year, foreigner-exclusive South Korean casino operator, Paradise Co Ltd’s, monthly numbers were down 23.6 percent from last month bringing September’s numbers in at KRW37.2 billion ($31....

NagaCorp’s year-to-date gaming revenue up 47%

D. Graham

October 4, 2015

Cambodia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau

NagaCorp Ltd reported unaudited data to the Hong Kong Stock Exchange Friday of almost U.S. $400 million GGR for the first nine months of 2015. This financial data represents an increase of 47% from the U.S. $27...

Macau casino stocks up on reports of potential economic support from Beijing

Lars Jones

October 4, 2015

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

Macau casinos' gross gaming revenue fell by 1/3 in September, the sixteenth month in a row showing decline, but the numbers were within expectations. Hitting forecasts as well as reports that Beijing may be wil...

Over $100 million ad spend by DraftKings and FanDuel in September

Kim M

October 1, 2015

Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Fantasy Sports

Had your fill of the relentless onslaught of DraftKings and FanDuel ads? Well better increase the old intestinal fortitude because it appears they aren’t going anywhere anytime soon. Estimates indicate that ...

Brazil considers legal gambling

Lars Jones

September 30, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Brazil, Economy/Finance, Online Gambling News

Brazil is suffering a prolonged economic downturn and recession with budget cuts and tax increases attempting to remedy a crippled government budget. Another idea is being entertained and that is to increase re...

Casino stocks slide in Hong Kong, US

Lars Jones

September 30, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Macau, Indepth / Featured Articles

Tuesday saw casino stocks on the Hong Kong stock exchange (HKEx) fall to levels unseen in years, and the sneeze seems to have even given some NYSE stocks a cold, or at least kept them from shaking it. Sands ...

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Atlantic City’s eight casinos see increased revenue by almost 11% in September

Macau’s Studio City downgrades its hotel from 5 star to 4 star to adapt to tourism price drop

Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium

Georgia Governor may support casino bill – for a price

Studio City set to open Oct. 27, no table allocation announced yet

Macau junket operator Iao Kun sees huge decrease in chip turnover

Harrah’s Cherokee Valley River Casino revenue should enhance tribe’s well-being

Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

Vegas casinos petitioning to buy their electricity wholesale

Fading MERS fears spark improved casino sales for Paradise

NagaCorp’s year-to-date gaming revenue up 47%

Macau casino stocks up on reports of potential economic support from Beijing

Over $100 million ad spend by DraftKings and FanDuel in September

Brazil considers legal gambling

Casino stocks slide in Hong Kong, US

Embark on an Enchanted Journey in Pragmatic Play’s Dwarf and Dragons

New Coalition Agreement Increases Gaming Tax in the Netherlands to 37.8%

GLPI Acquires Real Estate Assets of Three Casinos in Nevada and South Dakota for $105 Million

New Jersey Casinos See $511 Million Win in April, Second-Best Month for Online Gambling

Macau Legend Development Completes Disposal of Laos Casino Resort After Delays in February