Economy/Finance | World Casino News

$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced

April 11, 2016

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

MGM Growth Properties LLC MGM Resorts International's (nyse:mgm) real estate investment trust (REIT), has announced the terms of its initial public offering (IPO). The REIT will be birthed with a portfolio con...

Indiana casino revenues slightly down in March

Sadonna Price

April 10, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

After starting off strong in 2016, the casinos of Indiana have reported a slight drop in revenues from gaming when compared to the same time frame in 2015. The casinos of the area were able to earn $89.6 millio...

Sun International drops Peermont Group acquisition

Lars Jones

April 8, 2016

Latest Casino and Gambling News, South Africa, Economy/Finance, Mergers, Acquisitions & Partnerships

Wednesday South Africa’s Sun International (JSE: SUI) announced that it planned to halt its R9.5 billion ($623 million) plan to take over rival Peermont Group. South Africa’s Competition Commission recommended ...

Atlantic City casinos report a 40% higher gross operating profit in 2015

Alex Lanter

April 8, 2016

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

Atlantic City had a pretty bad year in 2014 when four of its gaming properties closed their doors for customers. However, as a result, the gaming destination was left with only eight casinos and experts predict...

Genting Malaysia to invest heavily into its Resorts World Genting Casino

Renee Kingsley

April 8, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Malaysia

Genting Malaysia Bhd is the parent company of the Resorts World Genting Casino, which is Malaysia’s biggest and only legal casino. Senior executives from Genting Malaysia recently sat down with analysts from th...

Century Casino Central City named “Best Casino in Denver” four years running

Lars Jones

April 7, 2016

Latest Casino and Gambling News, Economy/Finance, Colorado

Century Casinos, Inc. (nasdaq:cnty) announced this week that their award winning Century Casino & Hotel Central City has been named as "Best Casino in Denver" by CityVoter.com. The polling firm tabulated vo...

Christie says Atlantic City’s debt payments wouldn’t be made by him

Kim M

April 7, 2016

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

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca inches closer to financial ruin and a takeover bill gathers dust in the stat...

The Panama Papers; More casino connections: Amaya associates possibly linked

Lars Jones

April 6, 2016

Latest Casino and Gambling News, World Casino News, Economy/Finance, Panama, Tax Evasion, Online Gambling News

This article has been updated. After over more than a year of collaborations by journalists in about 80 countries, three days ago the International Consortium of Investigative Journalists began releasing inf...

Wynn vs Wynn; Queen of Las Vegas files additional documents in Nevada Court

Lars Jones

April 6, 2016

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

Elaine Wynn, who co-founded and helped bring Wynn Resorts (NASDAQ: WYNN) to the top of the gambling world along with ex-husband, Steve Wynn filed supporting documents in a Nevada court Monday looking to back up...

Judge rules in favour of the Borgata Casino and allows four year appeal on Atlantic City property taxes

Renee Kingsley

April 6, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, New Jersey

Atlantic City has accumulated a large amount of debt during the last decade due to the collapse of its once vibrant casino industry and owes millions in outstanding payments. The city’s biggest debtor right is ...

Maryland casinos report gains for the fourth straight month

Kim M

April 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

On Tuesday, the Lottery and Gaming Control Agency released figures that show March makes the fourth consecutive month of revenue gains for Maryland casinos. During the month of March, the state’s five casino...

Pennsylvania casinos continue to see increase in slot gaming revenues

Sadonna Price

April 5, 2016

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The casinos in the state of Pennsylvania continue to do well in regards to slot machine gaming, with the Pennsylvania Gaming Control Board releasing reports yesterday showing the slot revenue totals have increa...

Playtech’s Teddy Sagi linked to 16 offshore accounts by Panama Papers

Lars Jones

April 4, 2016

Israel, Online gaming software, Latest Casino and Gambling News, Economy/Finance, Panama

Well known names like Vladimir Putin and the Prime Minister of Iceland have been mentioned around the seismic leak of documents surrounding off-shore law firm, Mossack Fonseca of Panama City, Panama. On Sunday...

Macau casino gaming revenues continue to decline

Sadonna Price

April 3, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The latest reports of gaming revenues from Macau show the gambling city continues to fall short of revenue estimates, with 22 consecutive months of declines. The Macau Gaming Inspection and Coordination Bureau ...

Genting announces first investment, management deal with Mashpee First Light casino in Massachuetts

Lars Jones

April 2, 2016

Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Massachusetts

Genting Malaysia Bhd (GenM) said in a statement this week that the Mashpee Wampanoag Tribe has appointed them as manager of First Light Resort & Casino which is scheduled to break ground in Taunton, Massach...

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$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced

Indiana casino revenues slightly down in March

Sun International drops Peermont Group acquisition

Atlantic City casinos report a 40% higher gross operating profit in 2015

Genting Malaysia to invest heavily into its Resorts World Genting Casino

Century Casino Central City named “Best Casino in Denver” four years running

Christie says Atlantic City’s debt payments wouldn’t be made by him

The Panama Papers; More casino connections: Amaya associates possibly linked

Wynn vs Wynn; Queen of Las Vegas files additional documents in Nevada Court

Judge rules in favour of the Borgata Casino and allows four year appeal on Atlantic City property taxes

Maryland casinos report gains for the fourth straight month

Pennsylvania casinos continue to see increase in slot gaming revenues

Playtech’s Teddy Sagi linked to 16 offshore accounts by Panama Papers

Macau casino gaming revenues continue to decline

Genting announces first investment, management deal with Mashpee First Light casino in Massachuetts

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