Economy/Finance | World Casino News

Atlantic City casino aid package rejected again by Christie

January 20, 2016

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Bankruptcy, New Jersey

A financial assistance package considered essential to help stabilize Atlantic City’s struggling casino market has once again been rejected via “pocket veto” by New Jersey Governor Chris Christie. The measures ...

Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015

Kim M

January 18, 2016

Tribal Gaming, Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Pennsylvania

Record revenue in 2015 was reported by Pennsylvania casinos, reversing two consecutive years of declines. Gross revenue from table game play at Pennsylvania’s 12 casinos in 2015 of $808,135,353 was an almost...

MGM Resorts decides to charge for parking

Sadonna Price

January 18, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

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One of the major freebies in Las Vegas that patrons are grateful for is parking. Along with free cocktails, parking is an expenditure that guests have not had to contend with. However, MGM Resorts International...

Spending cuts—but not bankruptcy—eyed for Atlantic City

Sadonna Price

January 17, 2016

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Labor Relations, New Jersey

Bob McDevitt is the President of the Local 54 of Unite-HERE, a union heavily involved in the Atlantic City casino industry. Union workers have been greatly affected by recent issues in Atlantic City including t...

Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016

Renee Kingsley

January 15, 2016

Gaming Law & Legislation, China, Money Laundering, Economy/Finance, Asian Casino News, Macau

Macau’s junket operators have not been given a lot of attention by the media during 2014 and 2015, as the losses incurred by Macau’s casinos has been the focus of most discussions. However, Macau’s junket opera...

Atlantic City following Detroit into fiscal demise? State could take over city

Sadonna Price

January 15, 2016

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

It has been close to five years that efforts to right the listing boat of Atlantic City have gone without success. Soon voters will decide whether to allow gaming outside the city, bankruptcy may become an opti...

Cambodia’s gaming tax revenues increase by 35 percent in 2015

Renee Kingsley

January 15, 2016

Cambodia, Gaming Law & Legislation, China, Economy/Finance, Licenses, Asian Casino News, Taxation

Cambodia’s government went out of its way to welcome gambling providers into the country during the past few years and its liberal gambling laws have been successful in attracting major investors into its casin...

Atlantic City casino revenue down 47% since 2006, NJ online up 21% in 2015

Lars Jones

January 14, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Licensed online casinos in USA, New Jersey

Although most of the surviving casinos in Atlantic City, New Jersey are on the mend and posting profits, the long term trend for gaming revenues in the Boardwalk city are worrisome. According to a recent report...

Puerto Rican government still embroiled in video lottery terminal battle

Sadonna Price

January 14, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Fines, Lawsuits & Litigation, Puerto Rico

The Puerto Rican Association of Hotels and Tourism filed a case against the Department of Treasury in July last year, challenging new regulations that allow video lottery terminals in the country. The Treasury ...

Bernstein reports that mass GGR contributed around 52% of Macau’s December GRR

Alex Lanter

January 13, 2016

Latest Casino and Gambling News, World Casino News, Economy/Finance, Asian Casino News, Macau

Hong Kong based brokerage Sanford C. Bernstein published a note claiming that approximately 52% of Macau’s December casino gross gaming revenue comes from mass market gambling. These numbers, according to the f...

Argosy Alton casino forced to close during flooding; sees decrease in revenues

Sadonna Price

January 13, 2016

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

Many businesses were affected by the rising flood waters of December, including casinos. The Argosy Alton casino of Missouri was one such casino, having been forced to close when the Mississippi River continued...

Saratoga Casino & Raceway secures financing to bolster $39.3 million expansion

Sadonna Price

January 13, 2016

Latest Casino and Gambling News, Horse Racing, Casino expansion projects, New Hotels, Economy/Finance, New York

The Saratoga Casino and Raceway of New York is planning an expansion that has a price tag of $39.3 million. The venue, located in Saratoga Springs, has been able to secure a $15 million loan for construction fr...

Northwest Indiana casinos continue to stay even with gaming revenues

Sadonna Price

January 11, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

The casinos located in the northwest portion of Indiana continued to do well in 2015, closing out the year with a strong December. With the month’s end, the state saw a gaming revenue total that almost matched ...

Non-gaming amenities keep Nevada casinos revenue more stable

Sadonna Price

January 10, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

The past few years have been hard on the state of Nevada in regards to the casino industry. Having been in the red for several years, the state lost $662 million in 2015 and continues to see a downward trend wh...

Is future technology industry advantageous for Nevada’s gaming industry?

D. Graham

January 8, 2016

Latest Casino and Gambling News, Las Vegas, World Casino News, Gaming Industry News, Technology, Economy/Finance, Nevada

While major Nevada casino stakeholders have been heavily investing in the emerging Asian gambling markets, one Chinese entrepreneur is betting on the future of electric cars – and investing (to the tune of US $...

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Atlantic City casino aid package rejected again by Christie

Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015

MGM Resorts decides to charge for parking

Spending cuts—but not bankruptcy—eyed for Atlantic City

Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016

Atlantic City following Detroit into fiscal demise? State could take over city

Cambodia’s gaming tax revenues increase by 35 percent in 2015

Atlantic City casino revenue down 47% since 2006, NJ online up 21% in 2015

Puerto Rican government still embroiled in video lottery terminal battle

Bernstein reports that mass GGR contributed around 52% of Macau’s December GRR

Argosy Alton casino forced to close during flooding; sees decrease in revenues

Saratoga Casino & Raceway secures financing to bolster $39.3 million expansion

Northwest Indiana casinos continue to stay even with gaming revenues

Non-gaming amenities keep Nevada casinos revenue more stable

Is future technology industry advantageous for Nevada’s gaming industry?

Comanche Cache Casino to Reopen with Expanded Features and Historic Wahlburgers Launch

BlueBet Acquires TopSport Assets in $15 Million Deal to Boost Market Share

Gov. Abbott Voices Support for Legalizing Online Sports Betting in Texas

Northern Mariana Islands Proposes Casino Commission Abolition

Tysons Casino Bill Moves to Virginia House Amid Debate