Economy/Finance | World Casino News

Baccarat winners and fewer August weekend days result in casino revenue decline for Nevada

September 30, 2016

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

On Thursday, the Nevada Gaming Control Board released the August figures for casino gaming in the state, showing a 5.2% decrease when compared to the same month last year. The lower results are believed to be d...

Apollo, TPG agree deal with Caesars for restructuring; Insulates top execs

Lars Jones

September 28, 2016

Las Vegas, Latest Casino and Gambling News, World Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, Fines, Lawsuits & Litigation

The two top-tier creditors agreed Tuesday to Caesars Entertainment Corporation's (CEC) terms to restructure the company's debt, leaving about US$1 billion on the table in exchange for protecting top executives...

Atlantic City looks to sell airport property to gain $100 million in much-needed funds

Sadonna Price

September 27, 2016

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

Atlantic City is looking for a way to fight off debt, especially since the city faces a takeover by the state. Yesterday, Mayor Don Guardian stated that the city will be able to earn around $100 million by sell...

Macau junket operator reports steep decline in rolling chip turnover

Martin Chua

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After closing its high-roller operations at the Sands Cotai Central, the StarWorld Casino And Hotel Resort and the Galaxy Macau Casino earlier this month, VIP junket operator Iao Kun Group Holding Company Limit...

Macau ban fuels rise in Philippines second-quarter gross casino revenues

Adam Morgan

September 23, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

Casinos in the Philippines reported a 30% increase year-on-year in aggregate gross casino revenues for the three months to the end of June to approximately $711.68 million due in part to a rise in the popularit...

Genting Singapore adopting a “wait and see approach” to Japan

Adam Morgan

September 22, 2016

Latest Casino and Gambling News, Economy/Finance, Japan

Global casino operator Genting Singapore looks likely to keep its upcoming annual dividend payments at the same level as 2015 as it awaits more clarity on the future likelihood of a resort casino development in...

Uber decides to continue Macau operations

Martin Chua

September 19, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Despite facing an official policy that has seen its users issued with some 379 fines totaling over $1.25 million since January, the ride-sharing mobile application Uber has announced that it intends to continue...

Imperial Pacific seeks to raise $300 million for Saipan resort with high-yield bonds

Renee Kingsley

September 19, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Northern Mariana Islands, Saipan

Hong Kong based Imperial Pacific which is the parent company of Best Sunshine International, the company that runs the Best Sunshine Live casino in Saipan is looking to attract investors by issuing high-yield b...

August land-based casino win drops in New Jersey

Adam Morgan

September 17, 2016

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

In New Jersey, official figures from the Division Of Gaming Enforcement show that overall land-based casino win for August dropped by 6.7% year-on-year to $229.78 million while the figure for the eastern state’...

Ratings agencies predict “stable” future for Saipan casino operator

Adam Morgan

September 15, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

Fresh from signing a pair of share deals earlier this week, Saipan casino operator Imperial Pacific International Holdings Limited has been assigned a first-time provisional corporate family rating of B2 by Moo...

Japanese billionaire Kazou Okada wants top cruise liners to visit the Philippines

Renee Kingsley

September 15, 2016

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

Japanese billionaire Kazou Okada is focusing on promoting tourism in the Philippines and is currently in talks with two of the biggest cruise liners in the world as he seeks to convince them to make the Philipp...

Analysts predicting continued recovery in Macau gross gaming revenues

Martin Chua

September 14, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After posting a 1.1% increase year-on-year in overall gross gaming revenues for August to $2.4 billion, Macau’s gaming industry could be about to register its second straight month of growth following over two ...

Slight drop in revenues for Detroit casinos for August

Sadonna Price

September 14, 2016

Latest Casino and Gambling News, Economy/Finance, Michigan

The Michigan Gaming Control Board has released the latest reports in regards to casino gaming in the state, with earnings dropping just over 2% in the month of August. When compared to July, the three Detroit c...

Saipan casino operator agrees pair of share deals: Updated

Adam Morgan

September 13, 2016

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

The operator of Saipan’s temporary Best Sunshine Live casino, Imperial Pacific International Holdings Limited, has announced that its majority shareholder is set to provide it with an interest-free loan worth a...

Ohio casinos report slump in August revenues

Adam Morgan

September 12, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

Despite a slightly improved performance from the Hollywood Casino Columbus, the four casinos in Ohio have together reported a 5.2% decline year-on-year in overall August revenues to $62.8 million. According ...

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Baccarat winners and fewer August weekend days result in casino revenue decline for Nevada

Apollo, TPG agree deal with Caesars for restructuring; Insulates top execs

Atlantic City looks to sell airport property to gain $100 million in much-needed funds

Macau junket operator reports steep decline in rolling chip turnover

Macau ban fuels rise in Philippines second-quarter gross casino revenues

Genting Singapore adopting a “wait and see approach” to Japan

Uber decides to continue Macau operations

Imperial Pacific seeks to raise $300 million for Saipan resort with high-yield bonds

August land-based casino win drops in New Jersey

Ratings agencies predict “stable” future for Saipan casino operator

Japanese billionaire Kazou Okada wants top cruise liners to visit the Philippines

Analysts predicting continued recovery in Macau gross gaming revenues

Slight drop in revenues for Detroit casinos for August

Saipan casino operator agrees pair of share deals: Updated

Ohio casinos report slump in August revenues

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