Economy/Finance | World Casino News

Niagara Falls’ bid for 75 percent of casino profits rebuffed by state budget

April 1, 2016

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

The proposed state budget does not include proposals to triple casino profit shares for Niagara Falls. Assemblyman John D. Ceretto and New York State Sen. Robert G. Ortt had introduced separate bills that wo...

Governor Chris Christie says casino expansion plans will fail if Atlantic City collapses

Renee Kingsley

April 1, 2016

Gaming Law & Legislation, Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Taxation, New Jersey

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The decision to move the casino industry outside of Atlantic City and set up two new casinos in North Jersey has been fiercely debated and will now be left up to New Jersey voters to decide their preference bef...

Extra day in February plus Super Bowl help Nevada boost gambling revenue earnings

Sadonna Price

March 31, 2016

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

February turned out to be a great month in the state of Nevada as casinos were able to see an increase in revenues thanks to an extra day on the calendar for leap year as well as the Super Bowl. The state was a...

MGM Growth Properties files IPO; Expects to raise $100 million

Alex Lanter

March 25, 2016

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

In October, 2015, MGM revealed plans of starting a real estate investment trust (REIT) called MGM Growth Properties. Several months later, in its Tuesday Securities and Exchange Commission filing, the company a...

Nevada Gaming Commission does not require privately owned casinos to report public earnings anymore

Renee Kingsley

March 21, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Las Vegas, Economy/Finance, Taxation, Nevada

Nevada’s casino industry generates billions of dollars for the state and is subjected to strict regulations that required all casinos to publically declare their earnings to ensure that their books are open to ...

Macau junket operators not interested in setting up services in new Cotai venues

Sadonna Price

March 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

With new casinos coming to the Cotai, it would seem that junket operators of Macau would be interested in offering their VIP services in the area. However, this is not the case. Junket operators are having a ha...

UK free bet tax may extend to online casinos, bingo rooms in 2017

Lars Jones

March 18, 2016

Latest Casino and Gambling News, Mobile gaming, Economy/Finance, Taxation, United Kingdom

Online casinos and bingo rooms licensed in the United Kingdom may need to adjust their budgets and promotions to take into account a 15% general betting duty to be levied on them beginning August 17, 2017. Chan...

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

Lars Jones

March 16, 2016

Latest Casino and Gambling News, North America Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

The long awaited report from former Watergate prosecutor, Richard J. Davis on whether Caesars (CEC) TPG LP, and Apollo Global Management hurt their now bankrupt operating unit, Caesars Entertainment Operating ...

Atlantic City casino revenue up 14.7% in February

Kim M

March 15, 2016

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

Atlantic City’s casinos managed to wrangle 14.7 percent more from gamblers in February than they did last year. The state Gaming Enforcement Division released figures on Monday that show the New Jersey resor...

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Lars Jones

March 15, 2016

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

HVS Capital Corp. has just announced that the Grand Lucayan Resort complex, which includes the Treasure Bay Casino is to be sold in a Sealed Bid Auction. The assets can be purchased in whole or in part and ther...

Neptune Group says VIP crisis inescapable

Kim M

March 15, 2016

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

Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing VIP junket model no longer sustainable. The company said in an interim report fi...

February sees 5.8 percent decline for Baton Rouge casino riverboat winnings

Kim M

March 15, 2016

Latest Casino and Gambling News, Economy/Finance, Louisiana

Numbers in the plus column at Baton Rouge’s three riverboat casinos declined by a combined 5.8 percent in February, as all but one of Louisiana's gambling markets witnessed a decrease in revenues from the year ...

Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc.

Kim M

March 14, 2016

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

A 41 percent increase in consolidated revenue has been reported by Pan-Asia focused Entertainment Gaming Asia Inc. for the 2015 fiscal year, at $31.5 million. The company attributes the rise to increases in gam...

Casinos in Gauteng, South Africa could end up paying higher taxes very soon

Renee Kingsley

March 14, 2016

South Africa, Gaming Law & Legislation, Economy/Finance, African Casino News, Taxation

Casinos in Gauteng, South Africa have been subjected to paying the government just 9 percent in gaming taxes for close to a decade. They were informed last week that their tax rates could be significantly highe...

Ninefold profit boost posted for Colorado Springs casino company

Kim M

March 13, 2016

Latest Casino and Gambling News, Canada, Economy/Finance, Colorado

On Friday, Colorado Springs, Colorado-based gaming company, Century Casinos Inc., reported that its 2015 profits increased by more than nine times compared with 2014. The company attributes the hike in part to ...

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Niagara Falls’ bid for 75 percent of casino profits rebuffed by state budget

Governor Chris Christie says casino expansion plans will fail if Atlantic City collapses

Extra day in February plus Super Bowl help Nevada boost gambling revenue earnings

MGM Growth Properties files IPO; Expects to raise $100 million

Nevada Gaming Commission does not require privately owned casinos to report public earnings anymore

Macau junket operators not interested in setting up services in new Cotai venues

UK free bet tax may extend to online casinos, bingo rooms in 2017

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

Atlantic City casino revenue up 14.7% in February

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Neptune Group says VIP crisis inescapable

February sees 5.8 percent decline for Baton Rouge casino riverboat winnings

Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc.

Casinos in Gauteng, South Africa could end up paying higher taxes very soon

Ninefold profit boost posted for Colorado Springs casino company

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