Economy/Finance | World Casino News

Slight increase in revenue end of Nevada fiscal year; Macau numbers still down y-o-y

August 1, 2016

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

A revenue summary released by the by the Nevada Gaming Control Board on Friday shows that for the month of June, Nevada casinos reported a total “gaming win” of $887.4 million; up 6.80 percent from the $830.9 r...

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Renee Kingsley

July 31, 2016

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

1

The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was initially scheduled to open in 2014 and generate tho...

Changes in Japan’s political environment brings casino legislation once again to the forefront

Renee Kingsley

July 30, 2016

Casino proposals, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Japan, Licenses, Macau, Asian Casino News, Philippines, South Korea

Gaming analysts believe that Japan is in a great position to benefit from legalizing the casino industry and Union Gaming analyst Grant Govertsen recently confirmed that a change in the country’s political envi...

Macau economy predicted to return to growth in 2017

Adam Morgan

July 30, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The economy of Macau may be about to overturn three years of decline and return to growth thanks to a change in focus from casino operators such as Las Vegas Sands Corporation and Wynn Resorts. According to ...

Mixed news for Wynn Resorts

Adam Morgan

July 29, 2016

Latest Casino and Gambling News, Economy/Finance, Licenses

International casino operator Wynn Resorts announced in a quarterly report that they only expect to receive official permission to operate 100 gaming tables in the casino at its coming Wynn Palace development i...

Alabama Governor Robert Bentley to schedule special session for legislation of state lottery

Renee Kingsley

July 28, 2016

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

The state of Alabama has been struggling to raise sufficient funds to take care of basic services and for over a decade has had to borrow heavily and make use of one time funds to pay for these services. Govern...

Brokerage lowers Genting Singapore estimates following Marina Bay Sands results

Kim M

July 27, 2016

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

Las Vegas Sands this week reported that at its Marina Bay Sands resort VIP volume for the second quarter of 2016 decreased by 29 percent, but a 0.7 point increase in VIP along with a 6 percent rise in slots han...

Silver Heritage Group is going public in Australia

Adam Morgan

July 27, 2016

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

1

Asian casino operator Silver Heritage Group has launched an initial public offering in hopes of raising approximately $18.6 million to help fund future projects including its under-construction Tiger Palace Res...

Billionaire Sheldon Adelson Says Macau casino industry has started to recover

Renee Kingsley

July 27, 2016

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

Macau’s casino industry has been in a slump for the last 25 months, but stocks rallied across the board this week. Las Vegas Sands Chairman and billionaire Sheldon Adelson recently announced that their Chinese...

Okada Manila head interested in Philippines infrastructure projects

Adam Morgan

July 25, 2016

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

Japanese casino mogul Kazuo Okada wants to participate in the development of more tourism-friendly infrastructure projects in the Philippines, including a new international airport being planned for Manila. ...

Ontario city receives $1.4M in casino revenue

Kim M

July 24, 2016

Latest Casino and Gambling News, Ontario, Economy/Finance

The city of Brantford, located in southwestern Ontario, Canada, has received a payment of upwards of $1.4 million for being host to OLG Casino Brantford. Five percent of gaming revenue from slot machines fro...

Macau tourism office closes Beijing Imperial Palace Hotel

Martin Chua

July 22, 2016

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

The former New Century Hotel, and home to the shuttered Greek Mythology Casino in Taipa has been ordered shut down for six months by the Macao Government Tourism Office. Operating as Beijing Imperial Palace Hot...

Coastal casinos see worst month all year keeping big Mississippi numbers down first half of 2016

Lars Jones

July 21, 2016

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

The glass is half full in Mississippi according to local media reports noting that gambling revenue in the state was up 1.4 percent this year over June 2015. The Mississippi Gaming Commission has released numbe...

Business improves for Philippines casino operator

Adam Morgan

July 21, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement And Gaming Corporation has released its financial results for the first six months of 2016 showing a 2.5% increase year-on-year in net income to $51.9 million. The state-owned firm o...

Historic Macau greyhound track instructed to close within two years

Martin Chua

July 21, 2016

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

The Macau Gaming Inspection and Coordination Bureau (DICJ) has finished analyzing and have responded to a report they commissioned on greyhound racing in the city and have given Macau Canidrome two years to mov...

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Slight increase in revenue end of Nevada fiscal year; Macau numbers still down y-o-y

Bahamian Government backs decision over liquidation of the Baha Mar Casino after former Prime Minister levels criticism

Changes in Japan’s political environment brings casino legislation once again to the forefront

Macau economy predicted to return to growth in 2017

Mixed news for Wynn Resorts

Alabama Governor Robert Bentley to schedule special session for legislation of state lottery

Brokerage lowers Genting Singapore estimates following Marina Bay Sands results

Silver Heritage Group is going public in Australia

Billionaire Sheldon Adelson Says Macau casino industry has started to recover

Okada Manila head interested in Philippines infrastructure projects

Ontario city receives $1.4M in casino revenue

Macau tourism office closes Beijing Imperial Palace Hotel

Coastal casinos see worst month all year keeping big Mississippi numbers down first half of 2016

Business improves for Philippines casino operator

Historic Macau greyhound track instructed to close within two years

Star Warns $400M Fine Could Trigger Collapse in AUSTRAC Junket Case

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida