Economy/Finance | World Casino News

Slot machines in Florida are generating lower tax revenues than initial estimates

August 9, 2016

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

The racetrack casinos in South Florida were responsible for generating $187.9 million in slot machine tax revenue this fiscal. This was a growth of $5.4 million when compared to the last fiscal but still a long...

SJM Holdings Limited posts worse-than-expected first-half results

Martin Chua

August 8, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Macau casino operator SJM Holdings Limited has released its interim financial results for the first half of 2016 showing a 20.6% decline year-on-year in total revenues to $2.72 billion. The firm behind the i...

Sports betting could add nicely to casino revenue in Mississippi

Kim M

August 7, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Sports betting, Mississippi

The president of the American Gaming Association (AGA) is of the opinion that sports betting could be exactly what the state of Mississippi needs to maintain a steady flow of tax money. Recently, the IP Casi...

Station Casinos trying to sell Castaways Hotel And Casino site

Adam Morgan

August 7, 2016

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

More than a decade after purchasing the shuttered Castaways Hotel And Casino in Las Vegas and then demolishing the property, American casino operator Station Casinos is attempting to sell the vacant 25.5-acre s...

Debt restructuring sought by River Rock Casino

Kim M

August 7, 2016

Latest Casino and Gambling News, Tribal Gaming, California, Economy/Finance

1

On Thursday, River Rock Entertainment Authority, the operator of River Rock Casino located in Geyserville, California, announced that it would offer bondholders cash payments amounting to .30 cents on the dolla...

Maryland casinos continue to see revenue gains

Sadonna Price

August 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

Casinos in the state of Maryland are on a roll. For the eighth consecutive month, casino revenues have seen gains, topping $100 million yet again. The month of July saw revenues topping the $100 million mark fo...

Business booming for Saipan’s Best Sunshine Live

Adam Morgan

August 5, 2016

Latest Casino and Gambling News, Economy/Finance, Saipan

The temporary Saipan casino from Hong Kong-listed Imperial Pacific International Holdings saw its rolling chip volumes hit approximately $1.74 billion for July while the figure for the first seven months of the...

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Renee Kingsley

August 4, 2016

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

The Best Sunshine Live Casino located in Saipan which is a part of the Commonwealth of the Northern Mariana Islands (CNMI) has been open for just over a year and has already contributed a significant amount of ...

Indian casino operator posts best-ever quarterly results

Adam Morgan

August 3, 2016

Latest Casino and Gambling News, India, Economy/Finance

The largest gaming and hospitality firm in India, Delta Corp Limited, has released its financial results for the first quarter of 2016 showing a 34.6% increase year-on-year in revenues to $162.3 million. Mum...

July numbers up for Macau casinos, moving toward stability

Martin Chua

August 1, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

According to a report out today by Macau's Gaming Inspection and Coordination Bureau (DICJ) gross gaming revenues for the month of July were up significantly from June's numbers, but still down a bit year on ye...

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

Kim M

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

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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, Asian Casino News, Macau, 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...

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Slot machines in Florida are generating lower tax revenues than initial estimates

SJM Holdings Limited posts worse-than-expected first-half results

Sports betting could add nicely to casino revenue in Mississippi

Station Casinos trying to sell Castaways Hotel And Casino site

Debt restructuring sought by River Rock Casino

Maryland casinos continue to see revenue gains

Business booming for Saipan’s Best Sunshine Live

Best Sunshine Live Casino responsible for generating significant revenue for CNMI government

Indian casino operator posts best-ever quarterly results

July numbers up for Macau casinos, moving toward stability

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

Regulatory Concerns Shake Philippine Online Gambling Sector; Stocks Take Hit

Evolution Expands into Rhode Island Through Bally’s Casino Deal

The Venetian Resort Settles EEOC Religious Discrimination Lawsuit

MLB Probes Guardians Pitcher Luis Ortiz Over Betting Concerns

California Attorney General Says Daily Fantasy Sports Are Illegal Gambling