Economy/Finance | World Casino News

Goa’s floating casinos not assured of a permanent home as of now

December 16, 2015

Gaming Law & Legislation, India, Economy/Finance

Goa’s floating casino industry brings in huge revenue for the state government as both domestic and international tourists are eager to get on board and experience a night out on a floating casino. The state go...

Hengqin SEZ increases land mass and invites Hong Kong investors to establish new businesses

Renee Kingsley

December 16, 2015

China, Economy/Finance, Asian Casino News, Macau

The state council recently approved Hengqin Island’s request to double its land mass and increase the area of its special economic zone. The island is currently similar in size to Macau, a special administrativ...

Revenue gains for Hollywood Casino Joliet year-to-date

Sadonna Price

December 15, 2015

Latest Casino and Gambling News, Economy/Finance, Illinois

While the state of Illinois has suffered a decline in casino revenues, the Hollywood Casino Joliet remains one establishment that continues to make money when compared to last year. The Hollywood Casino was abl...

James Packer’s Crown Resorts working to raise capital for Alon Las Vegas

Renee Kingsley

December 11, 2015

Las Vegas, Australia, New Hotels, Casino project updates, Economy/Finance, Nevada

Australian billionaire James Packer and his Crown Resorts have a strong reputation in Australia and Macau and are now looking to build their first casino in Las Vegas. This new casino is called Alon Las Vegas a...

AGA releases new Best Practices for anti-money laundering compliance

Lars Jones

December 10, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Money Laundering, Economy/Finance

On the anniversary of the first ever comprehensive guidance on Anti-Money Laundering (AML) Best Practices, the American Gaming Association (AGA) released updates yesterday to help operators come into and stay i...

Steve Wynn buys 1 million Wynn Resorts shares

Kim M

December 10, 2015

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Nevada

One million shares of Wynn Resorts Ltd. were purchased on the open market by billionaire founder Steve Wynn, the owner of casinos in Las Vegas and Macau. The stock rose 13 percent after the purchase leading the...

Lansky family topping the news for Cuba casinos

Lars Jones

December 10, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Cuba, Florida

Legendary gangster Meyer Lansky lost his Riviera Casino in Havana when the Castro government seized assets after the 1959 revolution there. Now that President Obama has set a course to normalize relations with ...

Cowlitz Casino closes on funding with Mohegan Sun

Lars Jones

December 8, 2015

Tribal Gaming, Casino News, Latest Casino and Gambling News, New Hotels, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Oregon, Washington

The Mohegan Tribal Gaming Authority announced yesterday that the Cowlitz Indian Tribe of Washington state has closed on a financing deal for construction of a proposed casino to be located on Cowlitz tribal lan...

Payouts long halted, House bill OKs $1 billion for Illinois lottery

Kim M

December 7, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Lottery, Taxation, Illinois

A package that will allocate special funds totaling more than $3 billion to help communities maintain 911 telephone systems and pay for snow removal was approved by Illinois lawmakers on Wednesday. Republica...

Chinese company takes first position on Baha Mar with $50m finance deal

Lars Jones

December 7, 2015

Casino News, Latest Casino and Gambling News, China, New Hotels, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

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China Harbour Engineering Company (CHEC) has financed the bank-appointed receivers of Baha Mar Resort, Deloitte & Touche, with $50 million as a preferred lender, moving to the top of the queue to be repaid,...

Idaho high court awards tribe reduced legal fees in instant racing case

Lars Jones

December 5, 2015

Gaming Law & Legislation, Horse Racing, Latest Casino and Gambling News, Casino closures, Economy/Finance, Idaho, Fines, Lawsuits & Litigation

The Idaho Supreme Court has determined that the state has to pay the Coeur d’Alene Tribe a little more than half of the legal fees they requested after besting Idaho in a battle over slot-like machines competin...

AGA seeks presidential candidates’ views on key issues

Sadonna Price

December 4, 2015

U.S.A., Las Vegas, Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Licensing, Nevada

A debate between presidential candidates is set to take place in Las Vegas in about two weeks. The American Gaming Association (AGA) has created a questionnaire for the candidates to fill out. The results will ...

Casino revenue in Chile jumps almost 20%

Alex Lanter

December 4, 2015

Latest Casino and Gambling News, World Casino News, Central & South America Gaming, Chile, Economy/Finance

Casino revenue in Chile in October reached $39.6 million, which is 19.5% better than results noted in October, 2014. Additionally, the number of visitors jumped by 11% at 490,786, whereas the average spend grew...

Best Sunshine to bid for Saipan land; Kan Pacific decries breach of lease

Lars Jones

December 3, 2015

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Northern Mariana Islands, Fines, Lawsuits & Litigation, Saipan

Best Sunshine International (Imperial Pacific) will place a bid for 160 hectares (about 400 acres) of public land in Marpi, Saipan including an area occupied by Kan Pacific's Mariana Resort & Spa. Kan Pacif...

Saipan casino opens with a bang; $1.6 billion VIP roll in November

Lars Jones

December 3, 2015

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

An Imperial Pacific filing with the Hong Kong Stock exchange shows that their temporary "Best Sunshine Live" casino at the T Galleria in Garapan, Saipan generated US$1,629.6 million (HK$12,646 million) in roll ...

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Goa’s floating casinos not assured of a permanent home as of now

Hengqin SEZ increases land mass and invites Hong Kong investors to establish new businesses

Revenue gains for Hollywood Casino Joliet year-to-date

James Packer’s Crown Resorts working to raise capital for Alon Las Vegas

AGA releases new Best Practices for anti-money laundering compliance

Steve Wynn buys 1 million Wynn Resorts shares

Lansky family topping the news for Cuba casinos

Cowlitz Casino closes on funding with Mohegan Sun

Payouts long halted, House bill OKs $1 billion for Illinois lottery

Chinese company takes first position on Baha Mar with $50m finance deal

Idaho high court awards tribe reduced legal fees in instant racing case

AGA seeks presidential candidates’ views on key issues

Casino revenue in Chile jumps almost 20%

Best Sunshine to bid for Saipan land; Kan Pacific decries breach of lease

Saipan casino opens with a bang; $1.6 billion VIP roll in November

Nevada Gaming Revenue Sees Mixed Results with a Boost Outside the Strip

PrizePicks World Championship: Celebrities and Fans Unite for Fantasy Sports Showdown

Glitnor Group Acquires OneCasino in Strategic Expansion Move

Star Entertainment Faces Declining Revenue and New Regulatory Challenges

Isle of Man Gambling Regulator Addresses UN Criticism on Oversight