Economy/Finance | World Casino News

Pennsylvania casinos helped by April table games performance

May 17, 2017

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

April was an extremely good month for some of the twelve casinos in Pennsylvania as the venues recorded a 1.4% rise in aggregated gross gaming revenues to just over $285.24 million. According to official fig...

Mixed April results for Connecticut tribal casinos

Adam Morgan

May 16, 2017

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

In Connecticut, slot revenues at the giant Mohegan Sun reportedly increased in April for a second consecutive month while takings from the machines at the nearby Foxwoods Resort Casino declined when compared wi...

Plainridge Park Casino reports a banner April

Adam Morgan

May 16, 2017

Latest Casino and Gambling News, Economy/Finance, Massachusetts

In Massachusetts, the Plainridge Park Casino reportedly experienced its third-best month in April as its collection of some 1,250 slots recorded a 7.5% increase year-on-year in gross gaming revenues to stand at...

Mybet to be compensated €11.8m by Westlotto over “cartel infringement” claims

Alex Lanter

May 16, 2017

Latest Casino and Gambling News, Economy/Finance, Germany, Fines, Lawsuits & Litigation

German online sportsbetting providers Mybet Holdings SE announced this Monday that they’ve reached a settlement with retail lottery operators Westlotto (Westdeutsche Lotterie) for the “cartel infringement” dama...

More than 9 out of 10 aware of virtual reality

Lars Jones

May 15, 2017

Latest Casino and Gambling News, Technology, Economy/Finance, The Players Lounge, Online Gambling News

According to research commissioned by SlotsMillion, 92% of respondents to a recent study allowed that they were at least aware of virtual reality (VR), while 23% of the 2,000 people questioned said they have tr...

Jeju Shinhwa World disposal bolsters Genting Singapore’s bottom line

Adam Morgan

May 15, 2017

Latest Casino and Gambling News, Economy/Finance, Singapore

Asian casino operator Genting Singapore has released its financial results for the first quarter of the year showing a 4% drop year-on-year in overall revenues to $419.56 million although its adjusted earnings ...

Yggdrasil Gaming Q1 2017 revenue up by 134%

Alex Lanter

May 15, 2017

Online gaming software, Latest Casino and Gambling News, Game manufacturers, Economy/Finance, Financial Press Releases

Maltese online game studio Yggdrasil Gaming has just released a Q1 statement that shows the company has gained a 134% increase in revenue, year on year. Per the report, apart from the overall increase in profit...

Cherry AB acquire large stake in Highlight Games

Alex Lanter

May 15, 2017

Sweden, Online gaming software, Latest Casino and Gambling News, Game manufacturers, Economy/Finance, Mergers, Acquisitions & Partnerships

Swedish operators Cherry AB have recently signed an agreement with sports-focused gaming company Highlight Games Limited to acquire 25% of its shares now, and an option to acquire more down the line, an officia...

Casinos of Atlantic City see first monthly decline of the year

Sadonna Price

May 14, 2017

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

For the first few months of 2017, casinos of Atlantic City were able to see a nice increase in revenues each month when compared to the same time frame in 2016. The good run has seemingly come to an end as the ...

Sheldon Adelson proposes $8 billion casino idea to Rio Mayor

Alex Lanter

May 12, 2017

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Online gambling regulation, Brazil, Gaming Industry News, Economy/Finance

Casino mogul and Forbes’ 2017 world's richest gambling billionaire, Sheldon Adelson, has reportedly met with Rio De Janeiro Mayor Marcelo Crivella and President Michel Temer to pitch an idea for an $8 billion r...

Detroit casinos report decrease in revenues for April

Sadonna Price

May 11, 2017

Latest Casino and Gambling News, Economy/Finance, Michigan

The three casinos located in the city of Detroit, Michigan have reported a decrease in revenues for the month of April. The gaming venues are down 1.1% when compared to the same month year-on-year with $121 mil...

Casino group could acquire Cardinals’ stadium naming rights

Alex Lanter

May 11, 2017

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

According to a report in the Phoenix Business Journal, casino operators Gila River Gaming Enterprises will be meeting with representatives from the Arizona Cardinals regarding a potential purchase of the naming...

Diplomatic row between China and South Korea could be helping Malaysia

Adam Morgan

May 9, 2017

Latest Casino and Gambling News, Economy/Finance, Malaysia

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The ongoing diplomatic dispute between China and South Korea could reportedly be helping casino operators in other Asian nations including Genting Malaysia via its Resorts World Genting integrated casino resort...

Casino tax rate in New Jersey lower than regional competition

Kim M

May 9, 2017

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

In 2015, New Jersey’s casinos paid $237.09 million in gaming tax revenue, substantially less than what casinos in other states pay. The state’s gross casino gaming revenue was $2.563 billion in 2015. New Jer...

UK Poker site PKR shuts down due to financial difficulties

Alex Lanter

May 9, 2017

Latest Casino and Gambling News, Online Poker, Economy/Finance, Poker, Bankruptcy, United Kingdom

UK-licensed online poker site PKR is shutting down after suffering “financial difficulties”, official statements posted on the website last Wednesday revealed. As the update stated, the operator is currently re...

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Pennsylvania casinos helped by April table games performance

Mixed April results for Connecticut tribal casinos

Plainridge Park Casino reports a banner April

Mybet to be compensated €11.8m by Westlotto over “cartel infringement” claims

More than 9 out of 10 aware of virtual reality

Jeju Shinhwa World disposal bolsters Genting Singapore’s bottom line

Yggdrasil Gaming Q1 2017 revenue up by 134%

Cherry AB acquire large stake in Highlight Games

Casinos of Atlantic City see first monthly decline of the year

Sheldon Adelson proposes $8 billion casino idea to Rio Mayor

Detroit casinos report decrease in revenues for April

Casino group could acquire Cardinals’ stadium naming rights

Diplomatic row between China and South Korea could be helping Malaysia

Casino tax rate in New Jersey lower than regional competition

UK Poker site PKR shuts down due to financial difficulties

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Genting Bhd’s Takeover of Genting Malaysia Becomes Mandatory Following Increased Stake

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