Economy/Finance | World Casino News

California tribe repays $274 million of casino development debt

October 21, 2016

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

In California, American casino operator Penn National Gaming Incorporated has received approximately $274 million from the Jamul Indian Village Of California after an affiliate of the tribe refinanced some of t...

Chinese firm hoping to raise at least $189 million for prospective Jeju Island casino

Adam Morgan

October 21, 2016

Latest Casino and Gambling News, China, Economy/Finance

As it looks to develop a casino on South Korea’s Jeju Island, Hong Kong-listed New Silkroad Culturaltainment Limited is hoping to raise at least $188.96 million via a proposed share subscription offer to existi...

Crown Resorts Limited to offload more of its business

Adam Morgan

October 20, 2016

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

After seeing 18 of its representatives arrested in China over the weekend, Australian casino operator Crown Resorts Limited has now reportedly confirmed previous speculation that it intends to offload some more...

Mass-market helps Macau casinos post rise in overall third-quarter revenues

Adam Morgan

October 18, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Led by the mass-market segment and despite a slight drop in baccarat takings, casinos in Macau have recorded a 1.2% increase year-on-year in overall third-quarter revenues to $6.9 billion. According to a rep...

Pennsylvania Table Game Revenue up by 4.3%

Alex Lanter

October 18, 2016

Casino News, Gaming Industry News, Economy/Finance, Pennsylvania

The Pennsylvania Gaming Control Board (PGCB) have released their September report for gross casino revenue across all Pennsylvania casinos. According to the numbers, this September brought a %4.3 increase in ta...

New Jersey casinos see profitable September

Sadonna Price

October 16, 2016

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

Gaming regulators in the state of New Jersey have released the figures for September, which revealed that casinos in the Garden State saw a decrease in revenue earnings when comparing the month this year to las...

Tigre de Cristal casino in Siberia sees exponential growth with Macau junkets

Renee Kingsley

October 14, 2016

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Russia

Summit Ascent Holdings, the company that operators the Tigre de Cristal casino in the Russian Far East has reported exponential growth at the casino during the first six months of 2016. The report which was pu...

Business improves for Detroit casinos despite month-on-month drop in revenues

Adam Morgan

October 13, 2016

Latest Casino and Gambling News, Economy/Finance, Michigan

The three casinos in Detroit saw their aggregate September revenues drop by 3.2% month-on-month to hit $112.2 million although the figure represented a 4.3% increase when compared to the same 30-day period in 2...

Empire City Casino At Yonkers Raceway thriving despite competition

Adam Morgan

October 13, 2016

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

In New York, the Empire City Casino At Yonkers Raceway is celebrating its tenth birthday this week and has revealed that gamblers have wagered more than $71 billion since the slots-only facility opened in 2006....

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

Lars Jones

October 12, 2016

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

BMD Holdings Ltd., the former developer of $3.5 billion Baha Mar notified the Export Import Bank of China today that the company, headed up by Sarkis Izmirlian, is prepared to make an offer that is superior in ...

Influential trio voice support for plan to build NFL stadium in Las Vegas

Adam Morgan

October 12, 2016

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

The controversial plan to build a $1.9 billion stadium in the southern Nevada desert in order to entice the Oakland Raiders NFL franchise to Las Vegas has received support from a trio of the casino industry’s l...

Macau turnaround sees analysts predict 5 to 9 percent Gross Gaming Revenue growth

Renee Kingsley

October 12, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry went through its biggest slump after Chinese President Xi Jinping launched an anti-corruption crackdown in early 2014 which brought about the collapse of Macau’s VIP gaming market and re...

Erie County Council formally asks state legislature to repair gaming law

Sadonna Price

October 11, 2016

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

In late September, the Supreme Court of Pennsylvania decided to rule that host fees paid by the casinos statewide should be removed. This decision has scared local governments as the counties and municipalities...

Golden Week sets stage for third month of Macau recovery

Lars Jones

October 10, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Golden Week holiday saw visits from the Chinese mainland to Macau increased to about 970,000 from October 1 through 7 with a total visitor count of about 1.15 million. Chinese visits were up 6.9 percent year on...

Trump Taj Mahal officially shuts down

Sadonna Price

October 10, 2016

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

As of 5:59 a.m., on October 10, 2016, the Trump Taj Mahal became the 5th casino to shut down in Atlantic City, New Jersey since 2014. Almost 3,000 individuals are without jobs after billionaire owner Carl Icah...

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California tribe repays $274 million of casino development debt

Chinese firm hoping to raise at least $189 million for prospective Jeju Island casino

Crown Resorts Limited to offload more of its business

Mass-market helps Macau casinos post rise in overall third-quarter revenues

Pennsylvania Table Game Revenue up by 4.3%

New Jersey casinos see profitable September

Tigre de Cristal casino in Siberia sees exponential growth with Macau junkets

Business improves for Detroit casinos despite month-on-month drop in revenues

Empire City Casino At Yonkers Raceway thriving despite competition

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

Influential trio voice support for plan to build NFL stadium in Las Vegas

Macau turnaround sees analysts predict 5 to 9 percent Gross Gaming Revenue growth

Erie County Council formally asks state legislature to repair gaming law

Golden Week sets stage for third month of Macau recovery

Trump Taj Mahal officially shuts down

Flutter Entertainment Acquires Majority Stake of Brazilian Operator NSX Group via $350M Deal

HG Vora Escalates Proxy War Against Penn Over Board Seats and Strategy

Evolution Launches Super Color Game, Inspired by Filipino Tradition with Up to 1000x Multipliers

Brazil’s Ministry of Sports and Sportradar Join Forces to Combat Match-Fixing

Pete Rose, ‘Shoeless’ Joe Jackson Now Eligible for MLB Hall of Fame