Economy/Finance

Galaxy Ent. Releases Financial Report For 4Q23 & FY23; GGR Grew 6% Sequentially In 4Q23

Marija Malenovic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Macau, Asian Casino News, Financial Press Releases
Galaxy Entertainment Group revealed net income of HK$10.3bln, which is approximately US$1.32bln, for the period of 3 months leading to December 31 of the previous year, which jumped by 254% compared to the prev...

Light & Wonder Reports Double-Digit Growth and 220% Profit Increase in Q4 2023

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases
Light & Wonder, a prominent provider of iGaming content and solutions, has unveiled its financial results for the fourth quarter of and the full year 2023. The group reportedly generated $770 million in gro...

Uruguayan Lawmakers Approve Tender Conditions to Re-Launch Carmelo Hotel and Casino

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, Casino News, World Casino News, Central & South America Gaming, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Online Gambling News, Uruguay
It’s now official. The Uruguayan government has approved the tender conditions for the state-owned Carmelo Hotel and Casino. The winning bidder will reportedly be expected to bring the  property back into a lux...

Mohegan Tribe’s Management of Atlantic City’s Resorts Casino Hotel To End This Year

Marija Malenovic
Tribal Gaming, Latest Casino and Gambling News, Casino News, Tribal Gaming, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Connecticut, Online Gambling News, Mergers, Acquisitions & Partnerships, New Jersey
The Mohegan Tribe will officially step down from its management role at Atlantic City’s Resorts casino at the conclusion of 2024, both sides revealed on February 26. End of deal: This step will end the co...

Nevada Gaming Commission Validates Amendments to Regulation 25 on Independent Agents

Marija Malenovic
Gaming Law & Legislation, U.S.A., Las Vegas, Casino News, Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Licenses, Labor Relations, Licensing, Nevada
New regulation amendments that significantly change the existing way that reports on registered independent agents that deliver high-rollers to Nevada resorts, were created by the casino, have been officially v...

Super Bowl LVIII, Proof of a Thriving Black Market; Two-Third of Wagers Were Reportedly Placed Illegally

Marija Malenovic
U.S.A., Las Vegas, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Illegal Bookmaking, Licensed online casinos in USA, Unlicensed Operation, Online Gambling News, Sports betting, Crime
Super Bowl LVIII, which was one of the events that marked the whole of February, also saw a remarkable increase in online wagering. To put it simply, dozen of million of Americans bet their cash on the final ga...

Stakes For Online Slot Machines To Be Limited at £5 In United Kingdom, UK Government Says

Marija Malenovic
Online gaming software, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, European Casino News, Online Gambling News, Sports betting, United Kingdom
The sum that may be wagered on an online slot machine spin will be rounded up to £5, but £2 for young clients, which is portion of the government's drive to toughen regulation of the UK's £11 billion per year g...

Termination Notice Halts Acquisition of the Tigre de Cristal Casino in Vladivostok

Radosav Milutinovic
Casino Sales, Casino News, Latest Casino and Gambling News, Taiwan, Casino Destinations, World Casino News, Casino project updates, Hong Kong, Gaming Industry News, Economy/Finance, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Russia
The announced ownership transformation of the Tigre de Cristal integrated resort near Vladivostok in Russia has come to a halt. As reported, the Russian company Dalnevostochnyj Aktiv LLC has withdrawn from the ...

Related Companies Files Rezoning Application for the $12 Billion Hudson Yards Casino Development

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., North America Casino News, Economy/Finance, Licensed online casinos in USA, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Licensing, New York
As the time to open up applications for three New York downstate casino licenses is getting closer, the bidders are employing ultimate efforts to convince the state authorities of the viability of their respect...

Michigan Reports Record Revenue in iGaming Sector, Sports Betting Figures Decrease

Vanja Mitic
Tribal Gaming, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Financial Press Releases, Michigan
Michigan released its January revenue report, and according to it, the total revenue generated from online casinos operated by commercial and tribal operators was $229.6 million. The figures are related to gros...

Caesars Ent. Releases Financial Report For Q423 & FY23; Purchases WynnBet’s Michigan Online Gaming Operations

Marija Malenovic
Casino Sales, Tribal Gaming, Tribal Gaming, U.S.A., Las Vegas, Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino moguls, Mobile gaming, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Press Releases, Michigan
Caesars Entertainment recently revealed details of its performance in terms of profit for the entire quarter and total year, both of which ended on December 31 of the previous year. Revenue data: The firm...

New Jersey Gambling Reaches New Highs In January, Despite In-Person Casino Winnings Failure

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Horse Racing, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Horse Racing, Online Gambling News, Sports betting, Financial Press Releases, New Jersey
New Jersey managed to officially break 4 crucial gambling income records during the first month of 2024, indicating that 2024 is off to a great start for everything but for in-person gambling in the said state,...

Betsson Acquires Holland Gaming to Continue European Expansions

Radosav Milutinovic
Latest Casino and Gambling News, Belgium, Gaming Industry News, Economy/Finance, European Casino News, Licenses, Online Gambling News, France, Mergers, Acquisitions & Partnerships, Financial Press Releases, Netherlands, Switzerland
A pioneering gaming company, Betsson, has entered the acquisition deal with the online casino operator Holland Gaming Technology. The €27.5million deal will reportedly also see the casino’s game development ver...