Economy/Finance | World Casino News

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

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

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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, Economy/Finance, Ontario

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

Latest Casino and Gambling News, Casino 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

Casino News, Latest Casino and Gambling 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...

New York Lottery posts $9.7 billion in sales for FY year ending March 31

Kim M

July 21, 2016

Latest Casino and Gambling News, Economy/Finance, Lottery, New York

According to information released by the New York State Gaming Commission on Monday, in spite of diminished interest at the horse track, wagers worth an estimated $9.7 billion were recorded for the financial ye...

Indian gaming industry reports decade-best rise in gross annual revenues

Adam Morgan

July 21, 2016

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

Last year saw the 238 tribes running gaming operations in the United States report an almost 5% increase year-on-year in gross gaming revenues to $29.9 billion with a majority of these at 57% generating less th...

Twin River spending on Tiverton casino campaign nearly $.5m so far

Kim M

July 20, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Rhode Island

The Twin River Management Group’s campaign effort to persuade voters in Rhode Island to approve the proposed $75 million Tiverton casino, which will be situated near the Massachusetts state border, has kicked o...

Manila Bay Resort to be called Okada Manila; $4b to be invested

Kim M

July 20, 2016

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

The official property name of Entertainment City’s most recent and largest integrated resort and casino in Parañaque (Metro Manila) in the Philippines is Okada Manila, announced developer Tiger Resort Leisure a...

FY2015-16 provides record high for casino gaming revenues in Pennsylvania

Sadonna Price

July 19, 2016

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The 12 casinos located in the state of Pennsylvania have done well over the past few months in regards to revenue earnings, with the fiscal year just coming to completion. Revenue reports show that the fiscal y...

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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

New York Lottery posts $9.7 billion in sales for FY year ending March 31

Indian gaming industry reports decade-best rise in gross annual revenues

Twin River spending on Tiverton casino campaign nearly $.5m so far

Manila Bay Resort to be called Okada Manila; $4b to be invested

FY2015-16 provides record high for casino gaming revenues in Pennsylvania

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