Economy/Finance | World Casino News

Pennsylvania online gambling & poker bill passes House committee

November 19, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Online Poker, Economy/Finance, Pennsylvania

An online gambling bill to legalize poker and casino gaming in the state of Pennsylvania has passed through the House Gaming Oversight Committee, after an approval vote of 18-8. According to information provide...

MGM Resorts reassures Massachusetts officials by committing an additional $150 million to Springfield casino

Renee Kingsley

November 19, 2015

U.S.A., Casino proposals, Casino openings, Casino project updates, Economy/Finance, Massachusetts

MGM Resorts executives were recently summoned by Massachusetts state authorities after the company had decided to cut back on its initial MGM Springfield casino proposal. MGM President William Hornbuckle reassu...

Plainridge Park casino revenues up slightly, but still in decline

Sadonna Price

November 18, 2015

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

The first casino of Massachusetts continues to see a decline in revenues over their smashing first month in operations, despite generating more for the month of October than the previous month. Reports show tha...

Lucky Dragon Casino lender rolls the dice with Las Vegas Redevelopment Agency

Lars Jones

November 17, 2015

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

The Lucky Dragon Hotel & Casino is set to ask Las Vegas city leaders for tax increment financing (TIF) approval on Wednesday, November 18th. They say their lenders will not create additional loan facilities...

Sihanoukville casino owners suffer losses after Chinese authorities bust alleged extortion ring

Renee Kingsley

November 17, 2015

Cambodia, China, Economy/Finance, Employment & Careers, Asian Casino News, Conspiracy, Racketeering, Crime

The casino industry in Cambodia has grown rapidly during the last eighteen months and one of the main reasons for that growth is due to the influx of gamblers from Mainland China. The Cambodian government and C...

Atlantic City sees slight decrease in casino revenue

Sadonna Price

November 15, 2015

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

The New Jersey Division of Gaming Enforcement released the figures for the month of October in regards to the revenues earned by the casinos of Atlantic City. Based on the information, the casinos earned 1.3% l...

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Lars Jones

November 14, 2015

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

The $3.5 billion Baha Mar Resort in the Bahamas was so close to opening in March that people were booking rooms. However disputes between the developer, contractor, and financier resulted in a construction slow...

Union looks to stall Station Casino IPO citing Deutsche Bank non-disclosures

Renee Kingsley

November 13, 2015

Las Vegas, Gaming Law & Legislation, U.S.A., Economy/Finance, Labor Relations, Fines, Lawsuits & Litigation, Nevada

Station Casinos was founded by Frank Fertitta Jr in 1976 and has built a strong presence in Nevada during the last forty years. The company which is still run by the Fertitta family currently operates 19 casino...

Caesars upbeat; cites Cherokee Valley River and new social environments for millennials

Lars Jones

November 12, 2015

Latest Casino and Gambling News, Tribal Gaming, Las Vegas, Casino News, Economy/Finance, Bankruptcy, Nevada, North Carolina

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Caesars Entertainment Corp. took more than a three-quarter billion dollar hit on their third quarter financials due to costs associated with the restructuring of a bankrupt subsidiary, promising nearly $1 billi...

Harbinger Capital invests another $50 million into Vietnam’s Ho Tram Strip

Renee Kingsley

November 12, 2015

Casino News, Casino expansion projects, Economy/Finance, Asian Casino News, Vietnam

Vietnam’s casino industry has blossomed over the last couple of years as the government continues to encourage foreign investment in the sector. The biggest addition to the Vietnamese casino scene is the Ho Tra...

James Packer bumps ownership in Crown Resorts to 53.1 percent

Lars Jones

November 11, 2015

Casino News, Australia, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

After a peak price of $18 per share in January 2014, James Packer scooped up 18 million shares in his casino resort company yesterday at a bargain price of $12 each, paying a slight premium over Tuesday's close...

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Renee Kingsley

November 11, 2015

China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

Melco Crown Entertainment recently opened its $3.2 billion Studio City casino resort in Macau and was forced to make a number of changes to its operation strategy due to the decline in Macau’s gambling revenues...

Revenues increase for Ohio casinos and racinos

Sadonna Price

November 10, 2015

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

On Monday, gaming regulators in the state of Ohio released the reports for earnings of the 13 gambling facilities in the state, seeing a nice increase in overall revenues when compared to October of last year. ...

Stockton University reveals buyer identity and makes new agreement for sale of former Showboat casino

Renee Kingsley

November 10, 2015

U.S.A., New Hotels, Casino closures, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

Stockton University has been trying for a number of months to sell the former Showboat casino in Atlantic City after the university realized in retrospect that it had made a bad decision in purchasing this casi...

Mesquite casino takes a gamble on employee ownership

Kim M

November 8, 2015

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

Owners of Nevada’s Eureka Casino Resort are introducing an intriguing business strategy by converting the casino-resort’s retirement account into an Employee Stock Ownership Plan (ESOP). Just off I-15 in Mes...

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Pennsylvania online gambling & poker bill passes House committee

MGM Resorts reassures Massachusetts officials by committing an additional $150 million to Springfield casino

Plainridge Park casino revenues up slightly, but still in decline

Lucky Dragon Casino lender rolls the dice with Las Vegas Redevelopment Agency

Sihanoukville casino owners suffer losses after Chinese authorities bust alleged extortion ring

Atlantic City sees slight decrease in casino revenue

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Union looks to stall Station Casino IPO citing Deutsche Bank non-disclosures

Caesars upbeat; cites Cherokee Valley River and new social environments for millennials

Harbinger Capital invests another $50 million into Vietnam’s Ho Tram Strip

James Packer bumps ownership in Crown Resorts to 53.1 percent

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Revenues increase for Ohio casinos and racinos

Stockton University reveals buyer identity and makes new agreement for sale of former Showboat casino

Mesquite casino takes a gamble on employee ownership

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

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

Illinois Enforces New Betting Restrictions on NFL Games to Uphold Integrity