Economy/Finance | World Casino News

Macau Gaming Regulators to pay close attention to Japan’s gambling policies

December 16, 2016

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

Japan recently passed a gambling bill that would legalize the casino industry and bring in billions of dollars in foreign investment as there are a number of global gaming operators such as Wynn Resorts, MGM Re...

No overall bump in Atlantic City casino win following Taj Mahal closure

Adam Morgan

December 15, 2016

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

For the first full month since the Trump Taj Mahal closed its doors, the seven remaining casinos in Atlantic City saw their total gaming win for November drop by 3.5% year-on-year to $197.28 million. Accordi...

Idaho horse racing on the rocks, racing commission with no spending authority

Lars Jones

December 15, 2016

Latest Casino and Gambling News, Horse Racing, Casino closures, Technology, Economy/Finance, Taxation, Idaho, Bankruptcy

A legislative audit earlier this week stated that the Idaho Racing Commission ran afoul of the law when it disbursed funds from the now shuttered Les Bois Park's historical/instant racing machines. The race tra...

Crown Resorts to abandon Alon Las Vegas and dispose more of its stake in Macau casinos

Renee Kingsley

December 15, 2016

Latest Casino and Gambling News, Las Vegas, Australia, Casino expansion projects, China, Economy/Finance, Macau

Crown Resorts is shuffling the deck. The Australian gambling giant had planned a demerger of its international assets and also had plans to develop the Alon Las Vegas casino, which would have been the first Cro...

Macau casino market to finish 2016 on a high due to VIP recovery

Adam Morgan

December 15, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

In Macau, gaming industry experts have predicted that aggregated gross gaming revenues for December could rise by as much as 14% year-on-year to top $2.5 billion thanks in large part to the improved performance...

Landmark legislation in Japan legalizes casinos for first time

Lars Jones

December 14, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, New Hotels, Economy/Finance

Early Thursday, in an extended session of the Diet, Japan's parliament passed a bill making casinos legal in the country. The bill originated in the lower house and was passed there on December 6. It was then a...

Indiana tax revenue may suffer $350m loss from tribal casino

Alex Lanter

December 14, 2016

Tribal Gaming, Casino proposals, Economy/Finance, Taxation, Indiana

According to a report from global independent research agency Spectrum Gaming Group (SGG), the upcoming Four Winds Casino in South Bend Indiana will cause a $350 million hit on Indiana’s tax revenues during its...

Cancun visitors to pay new 10 percent gaming tax

Lars Jones

December 12, 2016

Latest Casino and Gambling News, Economy/Finance, Mexico, Taxation

New taxes in the Mexican state of Quintana Roo, which includes the leisure and gambling destinations of Cancun and Playa del Carmen, have been approved by the congress there. Included in the revenue package was...

Tigre de Cristal to experience VIP growth over next two years

Sadonna Price

December 12, 2016

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Russia

In late June, the Tigre de Cristal decided to work with two fixed room junket operators. Since that time, the VIP gaming sector has seen significant growth, based on information from the interim report of the c...

Ohio gambling revenues fall statewide by almost $3.5 million

Sadonna Price

December 11, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

The Ohio Casino Control Commission released the November totals for the four casinos in the state with a steep drop in revenues reported. The state saw gambling revenues fall by almost $3.5 million with only th...

Full recovery looming for Spanish gaming market

Adam Morgan

December 10, 2016

Latest Casino and Gambling News, Economy/Finance, Spain

A new report into the Spanish gaming market has reportedly revealed that the sector is well on its way to making a full recovery as aggregated casino revenues for 2015 improved by 5.9% year-on-year to reach $26...

Seminole Tribe Of Florida continuing to pay during compact negotiations

Adam Morgan

December 10, 2016

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

As it continues meetings with the administration of Republican governor Rick Scott regarding its expired gaming compact, the Seminole Tribe Of Florida has reportedly revealed that it is continuing to make payme...

Northwest Indiana casinos see increase in revenues with Ameristar in the lead

Sadonna Price

December 10, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

The Indiana Gaming Commission has released the November revenue report for the five casinos located in the northwest portion of the state, showing a 1% increase overall for the month when comparing year-over-ye...

Macau gaming regulator predicts positive future for local casino industry

Adam Morgan

December 9, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The head of Macau’s gaming regulator has reportedly explained that he expects the city’s casinos to post improved year-on-year aggregated gross gambling revenues for 2017 thanks to the industry’s efforts at lur...

Macau’s Casino stocks decline after China announces 50 percent reduction on ATM withdrawals: Updated

Renee Kingsley

December 9, 2016

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

Macau casino stocks took a hit after it was announced that Macau’s Monetary Authority (MMA) would impose restrictions on UnionPay and other ATM withdrawals from December 10 based on instructions from China. The...

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Macau Gaming Regulators to pay close attention to Japan’s gambling policies

No overall bump in Atlantic City casino win following Taj Mahal closure

Idaho horse racing on the rocks, racing commission with no spending authority

Crown Resorts to abandon Alon Las Vegas and dispose more of its stake in Macau casinos

Macau casino market to finish 2016 on a high due to VIP recovery

Landmark legislation in Japan legalizes casinos for first time

Indiana tax revenue may suffer $350m loss from tribal casino

Cancun visitors to pay new 10 percent gaming tax

Tigre de Cristal to experience VIP growth over next two years

Ohio gambling revenues fall statewide by almost $3.5 million

Full recovery looming for Spanish gaming market

Seminole Tribe Of Florida continuing to pay during compact negotiations

Northwest Indiana casinos see increase in revenues with Ameristar in the lead

Macau gaming regulator predicts positive future for local casino industry

Macau’s Casino stocks decline after China announces 50 percent reduction on ATM withdrawals: Updated

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