Economy/Finance | World Casino News

Eldorado Resorts reports improved first-quarter results

May 9, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

American casino operator Eldorado Resorts has revealed that the strong performance of its Reno properties helped it to post a 0.8% increase year-on-year in first-quarter net revenues to $213.6 million. Eldor...

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

MacauCasinos.com

May 9, 2016

Latest Casino and Gambling News, Australia, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Melco Crown Entertainment has recently announced that it is buying back $800.83 million in company shares from Crown Asia Investments it’s joint venture partner. The two Casino giants have jointly invested and ...

Maryland casinos set all-time record topping the $100m mark for the first time

Kim M

May 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

On Thursday, the Maryland Lottery and Gaming Control Agency released figures that show April’s revenue from the state’s five casinos topped $100 million for the first time; setting a new monthly high of $103.9 ...

Atlantic City aid package disputes continue; no vote on Prieto’s bill

Sadonna Price

May 6, 2016

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

After announcing a vote was to take place on Thursday regarding his aid bill, Democratic Assembly Speaker Vincent Prieto ended up calling off the vote, as lawmakers continue to disagree on what should be done a...

South Korean casino operator declares mixed results

Adam Morgan

May 5, 2016

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

South Korean casino operator Paradise Co has reported sales of $48.4 million for April, which represents a 9.4% increase year-on-year, although the figure for the first four months of 2016 is 2.9% lower than fo...

PAGCOR exceeds first-quarter earnings expectations

Adam Morgan

May 4, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Philippines

The state-run Philippine Amusement And Gaming Corporation (PAGCOR) has revealed that its net income for the first three months of 2016 rose by 11% year-on-year to reach $22.1 million. PAGCOR operates 13 casi...

New Jersey Assembly Speaker Prieto’s bill to be voted on this Thursday

Sadonna Price

May 4, 2016

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

Atlantic City is still awaiting a rescue plan, with casinos and officials ready for something to happen in way of aid. Vincent Prieto, the New Jersey Assembly Speaker, will see his plan for rescuing the city fr...

Leicester City defies the odds to win English Premier League title

Adam Morgan

May 3, 2016

Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting

Fans of Leicester City Football Club are celebrating today after the underdog side confounded many of the world’s leading soccer experts as well as betting odds of 5,000-to-1 to win its first English Premier Le...

Tribal casino gambling revenue down in AZ; battle over West Valley Casino ongoing

Kim M

May 3, 2016

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

For the quarter that ended March 31, contributions from tribal gaming revenue to the state will be an approximate $23.9 million, according to the Arizona Department of Gaming. Compared to the same time perio...

Atlantic City makes $1.8 million bond payment and avoids default

Renee Kingsley

May 3, 2016

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

The almost bankrupt Atlantic City narrowly managed to avoid defaulting on its payment schedule, after the city scraped together $1.8 million and completed its bond payment on the morning of May 2nd. The city w...

Macau gross gaming revenues continue to decline

Adam Morgan

May 2, 2016

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

The 33 casinos in Macau reported gross gaming revenues for April of $2.17 billion, which represents a decline of 9.5% year-on-year and marks a 23rd consecutive month of deterioration. According to a report f...

Sun to shine on Tigre de Cristal after first winter in Siberia

Lars Jones

April 30, 2016

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

Things are looking up for Lawrence Ho's Tigre de Cristal casino near Vladivostok, Russia. Mr. Ho's Summit Ascent Holdings held a soft launch for the first of many casinos to come in the Primorye Integrated Ente...

Atlantic City casinos want vote for city takeover

Sadonna Price

April 30, 2016

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

Casinos in Atlantic City are ready for the state to take over the city finances, as the casinos claim they are ‘on the edge of the abyss’. An immediate vote has been called for by the casinos on bills already i...

First-quarter slot revenues grow in New Zealand

Adam Morgan

April 29, 2016

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

First-quarter slot machine revenues in New Zealand have increased by 3% from the same period last year despite an apparent fall in the numbers of venues, machines and licence holders. According to official f...

Galaxy Entertainment posts first quarterly profit gain since 2014

Alex Lanter

April 28, 2016

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

Well-established Macau gaming operator Galaxy Entertainment Group has posted quarterly profit gain for the first time since 2014. The financial data, which was released on Wednesday, revealed solid results than...

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Eldorado Resorts reports improved first-quarter results

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

Maryland casinos set all-time record topping the $100m mark for the first time

Atlantic City aid package disputes continue; no vote on Prieto’s bill

South Korean casino operator declares mixed results

PAGCOR exceeds first-quarter earnings expectations

New Jersey Assembly Speaker Prieto’s bill to be voted on this Thursday

Leicester City defies the odds to win English Premier League title

Tribal casino gambling revenue down in AZ; battle over West Valley Casino ongoing

Atlantic City makes $1.8 million bond payment and avoids default

Macau gross gaming revenues continue to decline

Sun to shine on Tigre de Cristal after first winter in Siberia

Atlantic City casinos want vote for city takeover

First-quarter slot revenues grow in New Zealand

Galaxy Entertainment posts first quarterly profit gain since 2014

Greentube Alderney Hit with £1 Million Fine by UKGC for AML and Social Responsibility Failures

New Casino Proposal in Tysons Sparks Fresh Debate in Virginia Legislature

France Weighs Online Casino Legalization to Address Illegal Market

Cambodia’s Casino Tax Revenue Jumps 85% in 2024 to $63.1 Million

Tipico Group Expands into Austria with Admiral Acquisition