Economy/Finance | World Casino News

Caesars Entertainment Corporation unit begins process of raising new financing

November 7, 2016

Latest Casino and Gambling News, North America Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

American casino giant Caesars Entertainment Corporation has begun the process of raising up to $3.8 billion that its Caesars Entertainment Operating Company Incorporated subordinate needs in order to finally ex...

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Renee Kingsley

November 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry has experienced three consecutive months of increase in its gross gaming revenues (GGR) and gaming analysts believe that the biggest gambling hub in the world is finally experiencing a t...

Hard Rock International willing to make major investment into Japan casino industry

Renee Kingsley

November 7, 2016

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

Hard Rock International is known for its popular music themed hotels, restaurants and casinos across the world. The privately held enterprise with $4.5 billion in revenues makes more than fifty percent of its m...

With potential merger on the horizon, FanDuel and DraftKings raking in big numbers each week during NFL season

Sadonna Price

November 6, 2016

Latest Casino and Gambling News, U.S.A., Economy/Finance, Fantasy Sports

Despite having faced numerous obstacles in the United States this year, daily fantasy sports operators DraftKings and FanDuel are doing quite well this NFL season. The National Football League season provides t...

Maryland casinos continue trend of revenue growth YOY

Sadonna Price

November 5, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

The state of Maryland has continued to see growth within their casino industry when comparing year over year revenue figures. Each month of 2016, the state has seen nice margins of growth and this trend continu...

Genting Singapore reports third-quarter success

Adam Morgan

November 5, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

The operator behind the Resorts World Sentosa development, Genting Singapore, has released its third-quarter financial results showing that its net profit after tax more than doubled when compared with the same...

Open access poll contradicts conventional wisdom on North Jersey casino vote

Lars Jones

November 4, 2016

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Gaming Industry News, Economy/Finance, Licenses, The Players Lounge, New Jersey

The Meadowlands Liberty Convention & Visitors Bureau (MLCVB) a proponent of expanding casinos into the northern part of New Jersey released information Friday afternoon pointing to a possibility that the od...

First-year success for Best Sunshine Live

Adam Morgan

November 4, 2016

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

In the Commonwealth Of The Northern Mariana Islands, the temporary Best Sunshine Live casino on Saipan ended its first year in business in October by recording a second highest monthly VIP chip turnover of $3.8...

Wynn Macau Limited records third-quarter loss

Adam Morgan

November 3, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Wynn Macau Limited, the casino operator controlled by Las Vegas-based Wynn Resorts Limited, has reported a third-quarter loss only 40 days after inaugurating its new $4.2 billion Wynn Palace Cotai development. ...

Kangwon Land Profits up by 6% in Q3

Alex Lanter

November 3, 2016

Economy/Finance, Financial Press Releases, South Korea

The largest South Korean casino resort, the Kangwon Land Resort, has just released their Q3 profits for 2016. According to the numbers, the only national casino resort in South Korea has had an even better year...

New Jersey takeover of Atlantic City possible after 5 year fiscal plan rejected

Renee Kingsley

November 2, 2016

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

Atlantic City submitted a 5 year fiscal plan to New Jersey state officials towards the end of October laying out steps that the city would take to reduce its $500 million debt, increase funding for its yearly b...

Silver Heritage Group Limited warns of deficits in annual predictions

Adam Morgan

November 1, 2016

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

After undergoing a $18.8 million initial public offering in August, Asian casino operator Silver Heritage Group Limited has announced that it is likely to “fall short” of its predicted annual revenues and adjus...

Revival in Macau gross gaming revenues continues for a third month

Adam Morgan

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

New figures released by the Gaming Inspection And Coordination Bureau show that the casino industry in Macau is continuing its recent recovery after it posted a third consecutive month-on-month increase in gros...

Las Vegas on track to record banner year for visitor numbers

Adam Morgan

November 1, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

In Nevada, the Las Vegas Convention And Visitors Authority has reported a strong September for the western city as visitor numbers reached 3.7 million while convention attendance swelled by 16.2% year-on-year t...

Tinian Dynasty Casino owner faces federal tax lien

Sadonna Price

November 1, 2016

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

On Friday, the United States Internal Revenue Service filed a notice of federal tax lien against Hong Kong Entertainment (Overseas) Investment Ltd. The company is the owner of the Tinian Dynasty Hotel & Cas...

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Caesars Entertainment Corporation unit begins process of raising new financing

Melco Crown not certain if recent crackdown in China will impact its VIP gaming revenues

Hard Rock International willing to make major investment into Japan casino industry

With potential merger on the horizon, FanDuel and DraftKings raking in big numbers each week during NFL season

Maryland casinos continue trend of revenue growth YOY

Genting Singapore reports third-quarter success

Open access poll contradicts conventional wisdom on North Jersey casino vote

First-year success for Best Sunshine Live

Wynn Macau Limited records third-quarter loss

Kangwon Land Profits up by 6% in Q3

New Jersey takeover of Atlantic City possible after 5 year fiscal plan rejected

Silver Heritage Group Limited warns of deficits in annual predictions

Revival in Macau gross gaming revenues continues for a third month

Las Vegas on track to record banner year for visitor numbers

Tinian Dynasty Casino owner faces federal tax lien

X and Polymarket Join Forces to Revolutionize Prediction Markets

New York Sets New Sports Betting Record with $248.9M in May

Arjan Blok Highlights Urgent Need for Action Against Illegal Gambling at Gaming in Holland 2025

Melco to Exit Satellite Casino Operations in Macau by 2025

Las Vegas Tourism Collapse Signals Deep Crisis Across US Casino Cities