Economy/Finance | World Casino News

Bookmakers paying the price for Donald Trump’s unexpected win

November 9, 2016

Latest Casino and Gambling News, Economy/Finance, Sports betting

Online sportsbetting provider Paddy Power Betfair has revealed that it stands to lose around $3.28 million after Republican nominee Donald Trump unexpectedly won yesterday’s nationwide election to become the 45...

Mixed picture for Macau Legend Development Limited

Adam Morgan

November 9, 2016

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

Asian casino operator Macau Legend Development Limited has released its financial results for the third quarter showing a 1.9% increase year-on-year in overall revenues to $48.68 million as its adjusted earning...

Ohio casinos report worst month for over two years

Adam Morgan

November 9, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

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The four casinos in Ohio saw total October revenues fall by more than 6% year-on-year to $62.6 million while the state’s seven racinos continued to post increases with their monthly figure of $74.6 million repr...

Paradise City pre-opening costs hit South Korean operator’s bottom line

Adam Morgan

November 9, 2016

Latest Casino and Gambling News, Economy/Finance, South Korea

A day after Grand Korea Leisure Company Limited reported improved third-quarter financial results and the picture is not as good for fellow South Korean casino operator Paradise Company Limited after it reporte...

Storm International Has Sold its Mexican Operations

Lars Jones

November 8, 2016

Casino Sales, Latest Casino and Gambling News, Economy/Finance, Mexico

November 8, 2016 Storm International has sold its Mexico business, Storm International South America (SILA) in Monterrey, operating since 2009, which comprises two entertainment complexes, Hollywood I and Ho...

Mgm China EBITDA up in Q3 While Net Revenue Declines

Alex Lanter

November 8, 2016

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

One of the largest casino operators in Macau, MGM China Holdings Ltd, has recently released their third-quarter profits, showing a 6% decline in net revenue, as opposed to last year. In 2015, the Chinese divisi...

Business improves for South Korean casino operator

Adam Morgan

November 8, 2016

Latest Casino and Gambling News, Economy/Finance, South Korea

South Korean casino operator Grand Korea Leisure Company Limited has revealed its third-quarter financial results showing a 20.5% increase year-on-year in total revenues to $117.8 million alongside a 22.9% rise...

Caesars Entertainment Corporation unit begins process of raising new financing

Adam Morgan

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

U.S.A., Latest Casino and Gambling News, 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

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, 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...

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Bookmakers paying the price for Donald Trump’s unexpected win

Mixed picture for Macau Legend Development Limited

Ohio casinos report worst month for over two years

Paradise City pre-opening costs hit South Korean operator’s bottom line

Storm International Has Sold its Mexican Operations

Mgm China EBITDA up in Q3 While Net Revenue Declines

Business improves for South Korean casino operator

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

Bally’s $300M Star Investment at Risk Over AUSTRAC Penalty

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

Evolution Expands into Rhode Island Through Bally’s Casino Deal

The Venetian Resort Settles EEOC Religious Discrimination Lawsuit

MLB Probes Guardians Pitcher Luis Ortiz Over Betting Concerns