Economy/Finance | World Casino News

Empire City Casino At Yonkers Raceway thriving despite competition

October 13, 2016

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

In New York, the Empire City Casino At Yonkers Raceway is celebrating its tenth birthday this week and has revealed that gamblers have wagered more than $71 billion since the slots-only facility opened in 2006....

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

Lars Jones

October 12, 2016

Latest Casino and Gambling News, Casino proposals, Casino project updates, Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

BMD Holdings Ltd., the former developer of $3.5 billion Baha Mar notified the Export Import Bank of China today that the company, headed up by Sarkis Izmirlian, is prepared to make an offer that is superior in ...

Influential trio voice support for plan to build NFL stadium in Las Vegas

Adam Morgan

October 12, 2016

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

The controversial plan to build a $1.9 billion stadium in the southern Nevada desert in order to entice the Oakland Raiders NFL franchise to Las Vegas has received support from a trio of the casino industry’s l...

Macau turnaround sees analysts predict 5 to 9 percent Gross Gaming Revenue growth

Renee Kingsley

October 12, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau’s casino industry went through its biggest slump after Chinese President Xi Jinping launched an anti-corruption crackdown in early 2014 which brought about the collapse of Macau’s VIP gaming market and re...

Erie County Council formally asks state legislature to repair gaming law

Sadonna Price

October 11, 2016

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

In late September, the Supreme Court of Pennsylvania decided to rule that host fees paid by the casinos statewide should be removed. This decision has scared local governments as the counties and municipalities...

Golden Week sets stage for third month of Macau recovery

Lars Jones

October 10, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Golden Week holiday saw visits from the Chinese mainland to Macau increased to about 970,000 from October 1 through 7 with a total visitor count of about 1.15 million. Chinese visits were up 6.9 percent year on...

Trump Taj Mahal officially shuts down

Sadonna Price

October 10, 2016

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

As of 5:59 a.m., on October 10, 2016, the Trump Taj Mahal became the 5th casino to shut down in Atlantic City, New Jersey since 2014. Almost 3,000 individuals are without jobs after billionaire owner Carl Icah...

Hollywood Casino Toledo reports revenue slump for September

Kim M

October 9, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

Jack Cleveland Casino was the big gainer in September beating out the state’s other three gambling venues and posting monthly revenues 8 percent over 2015’s numbers to $17.1 million. It was also the only casino...

Optimistic outlook for Macau gross gaming revenues

Martin Chua

October 6, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

After recording two months of year-on-year growth following 26 months of consecutive declines, combined casino gross gaming revenues in Macau are beginning to show sustained performance in October thanks to an ...

Pittsburgh to request voluntary $10 million Rivers Casino payment

Adam Morgan

October 6, 2016

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

Following last week’s ruling from the Pennsylvania Supreme Court that struck down the controversial “local host fee”, officials in the city of Pittsburgh have announced that they intend to ask Rivers Casino to ...

Maryland casinos report September gaming revenues of over $97 million

Adam Morgan

October 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

After posting total gaming revenues of just over $100.3 million for August, the five casinos in Maryland have now reported takings of almost $97.1 million for September, which represents an 11% increase year-on...

Galaxy Macau Casino Resort posts better-than-expected numbers

Martin Chua

October 5, 2016

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

Hong Kong-listed casino operator Galaxy Entertainment Group has revealed that its Galaxy Macau Casino Resort has reported better than expected customer numbers and expenditure over the first three days of the G...

NagaCorp reports double-digit year-on-year growth in betting volumes Q1-3

Sadonna Price

October 5, 2016

Latest Casino and Gambling News, Cambodia, Economy/Finance

NagaCorp Ltd is a developer and operator of casinos, listed in Hong Kong that recently reported their betting volumes for the first nine months of the year. NagaCorp was able to see double-digit growth for year...

Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations

Martin Chua

October 4, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Since opening on August 22, the new $4.2 billion Wynn Palace Cotai resort casino from Wynn Resorts Limited has reportedly experienced a “slow ramp-up” of its mass-market gaming operations. According to Monda...

VIP segment success helps Macau report rise in September gross gaming revenues

Martin Chua

October 3, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

September saw casinos in Macau post a better-than-expected 7.4% increase year-on-year in combined monthly gross gaming revenues due in part to the VIP segment likely reporting its first rise in takings in some ...

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Empire City Casino At Yonkers Raceway thriving despite competition

Sarkis Izmirlian tells China EXIM Bank he can make a superior offer and open Baha Mar soonest

Influential trio voice support for plan to build NFL stadium in Las Vegas

Macau turnaround sees analysts predict 5 to 9 percent Gross Gaming Revenue growth

Erie County Council formally asks state legislature to repair gaming law

Golden Week sets stage for third month of Macau recovery

Trump Taj Mahal officially shuts down

Hollywood Casino Toledo reports revenue slump for September

Optimistic outlook for Macau gross gaming revenues

Pittsburgh to request voluntary $10 million Rivers Casino payment

Maryland casinos report September gaming revenues of over $97 million

Galaxy Macau Casino Resort posts better-than-expected numbers

NagaCorp reports double-digit year-on-year growth in betting volumes Q1-3

Wynn Palace Macau experiencing “slow ramp-up” in mass-market operations

VIP segment success helps Macau report rise in September gross gaming revenues

IGY Marinas to Lead Operations at Wynn Al Marjan Island Superyacht Marina

PAGCOR Orders Removal of Gambling Billboards in Effort to Curb Addiction

UK Gambling Commission Overhauls Penalty System for Greater Transparency

European Parliament Approves Gibraltar’s Removal from EU’s High-Risk List

DraftKings Settles Connecticut Bonus Dispute, Agrees to Return $3 Million