Economy/Finance | World Casino News

Wynn Macau Limited records third-quarter loss

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...

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Kim M

November 1, 2016

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

The Supreme Court of the Philippines has upheld its decision that declared Bloomberry Resorts and Hotels, Inc.’s (Bloomberry)(BLOOM.PS) exemption from paying a corporate tax, imposed by the Bureau of Internal R...

Nevada sees slight increase in gaming win for September

Sadonna Price

October 30, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

The state of Nevada was able to see a nice increase in gaming win for the month of September when compared to the same month last year. For 2016, September brought in a 3.55% increase in gaming win, with $948.9...

Indian casino operator reports sharp rise in quarterly profit

Adam Morgan

October 29, 2016

Latest Casino and Gambling News, Economy/Finance, India

India’s sole listed gambling operator, Delta Corporation Limited, has released its third-quarter financial results showing that its consolidated income from gaming operations rose by 45.8% year-on-year to reach...

Philippines operator reports improved nine-month net income

Adam Morgan

October 29, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement and Gaming Corporation has released its financial results for the nine months to the end of September showing that it achieved a 0.32% increase year-on-year in net income to $65.91 mill...

Chow Tai Fook Enterprise set to acquire Baha Mar

Lars Jones

October 28, 2016

Casino Sales, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships

After Chinese Export Import Bank (EXIM) in effect purchased Baha Mar from themselves using a Special Purpose Vehicle (SPV) named Perfect Luck Holdings Limited, it was announced Thursday that Chow Tai Fook Enter...

Las Vegas stadium plan remains in jeopardy

Adam Morgan

October 27, 2016

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

The plan to build a new 65,000-seat stadium in the southern Nevada desert in order to entice the Oakland Raiders NFL franchise to relocate to Las Vegas could be in jeopardy due to a disagreement between the wan...

Galaxy Entertainment Group reports improved third-quarter performance

Adam Morgan

October 27, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Hong Kong-listed Galaxy Entertainment Group has released its unaudited financial results for the third quarter showing that it experienced a 5% increase year-on-year in overall revenues to $1.66 billion while r...

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

Renee Kingsley

October 26, 2016

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

Mayor Don Guardian and Atlantic City legislators submitted a proposed financial recovery plan that was a 125 pages long outlining what the beleaguered city plans to do in the next 5 years to reduce its $500 mil...

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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

Philippine Supreme Court upholds Solaire’s exemption from corporate taxes

Nevada sees slight increase in gaming win for September

Indian casino operator reports sharp rise in quarterly profit

Philippines operator reports improved nine-month net income

Chow Tai Fook Enterprise set to acquire Baha Mar

Las Vegas stadium plan remains in jeopardy

Galaxy Entertainment Group reports improved third-quarter performance

Borgata Casino says no deal made with Atlantic City as outlined in proposed recovery plan

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