Economy/Finance | World Casino News

Affinity Gaming Q3 adjusted EBITDA and operating income on the rise

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

Affinity Gaming LLC, owners and operators of several casinos in Nevada and Black Hawk, Colorado, have released their Q3 financial performance report on Monday, noting their strongest quarter in 2016 when it com...

Conservative prediction for Macau 2017 gross gaming revenues

Adam Morgan

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The head of the government in Macau has given a conservative aggregated gross gaming revenues forecast for next year that is around 13% below some analysts’ 2017 estimates despite a recent recovery that has see...

Taj Mahal closure does not have much of an impact on Atlantic City casino turnover

Renee Kingsley

November 16, 2016

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

The Trump Taj Mahal became the fifth Atlantic City casino to shut down since 2014 as owner Carl Icahn and the Local 54 of the Unite-HERE union were unable to reach a mutual decision regarding the casino employe...

Manila casinos gaming revenues increase due to junket operators

Sadonna Price

November 16, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The Philippine Amusement and Gaming Corporation released the gaming revenue numbers for casinos in Manila showing an increase for Q3 2016. The figures were reported on Monday and showed that the country was abl...

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

Renee Kingsley

November 15, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Taxation, Pennsylvania

The city of Pittsburgh announced in early October that it had requested the Rivers Casino to voluntarily remit $10 million in gambling taxes. City officials stated that discussions between casino officials and ...

Pinnacle Entertainment Incorporated would consider entering Las Vegas market

Adam Morgan

November 14, 2016

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

The boss of American casino operator Pinnacle Entertainment Incorporated has reportedly declared that the firm would consider acquiring a property in the Las Vegas area if the right deal came along but at prese...

MGM Resorts International chief worried by Donald Trump presidency

Adam Morgan

November 14, 2016

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

After publicly endorsing Hillary Clinton in August, Jim Murren, Chief Executive Officer for MGM Resorts International, has now speculated that the presidency of Donald Trump could well hurt American casino inte...

Casino Operations in Goa slow down due to PM Modi’s black money crackdown

Renee Kingsley

November 13, 2016

Latest Casino and Gambling News, India, Money Laundering, Economy/Finance

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Narendra Modi, the Prime Minister of India, caught the nation off-guard when he announced on November 9 that 500 and 1000 rupee notes would be demonetized from November 10 and the Reserve Bank of India (RBI) wo...

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

Lars Jones

November 13, 2016

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, South Dakota

Financiers of the Deadwood Mountain Grand resort are suing a group of developers that turned the former Homestake gold mining slime plant in overlooking Deadwood, South Dakota into a luxurious hotel and casino ...

Gaming and riverboat economic development task force created by Louisiana

Kim M

November 13, 2016

Latest Casino and Gambling News, Economy/Finance, Louisiana

The Louisiana Legislature has created a task force comprised of state officials that will examine ways in which it can increase the competitiveness between the state’s gaming sector and Oklahoma’s Native Americ...

Macau reports mass-market resurgence for third quarter

Adam Morgan

November 12, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The six licensed casino operators in Macau have reportedly revealed that VIP games accounted for only 44% of their aggregated gross gaming revenues during the third quarter while the mass-market segment grew by...

Italian government releases plan to reduce slot machine numbers by one third

Lars Jones

November 11, 2016

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

Following a September call for concern, Italian Prime Minister Matteo Renzi’s government offered up a plan Thursday that would see a third of the country's slot machines pulled off the market by the end of next...

New Jersey assumes complete control over Atlantic City

Adam Morgan

November 11, 2016

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

In New Jersey, the administration of Republican governor Chris Christie has assumed complete control over fiscally distressed Atlantic City with the state now holding the power to take over key functions usuall...

Indiana casino revenues down; Cubs win to blame

Sadonna Price

November 11, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

The Chicago Cubs historic World Series win has been wonderful for the city of Chicago as well as for the state of Illinois. However, it seems the win may have affected the casino earnings of neighboring state I...

Singapore posts increased tourist numbers

Adam Morgan

November 11, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

The Singapore Tourism Board has revealed that the first six months of the year saw international visitor numbers to the Asian city-state increase by 10.3% year-on-year to 11.3 million. The tourism promoter d...

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Affinity Gaming Q3 adjusted EBITDA and operating income on the rise

Conservative prediction for Macau 2017 gross gaming revenues

Taj Mahal closure does not have much of an impact on Atlantic City casino turnover

Manila casinos gaming revenues increase due to junket operators

Rivers Casino agrees to pay Pittsburgh $10 million in gambling tax revenue till 2017

Pinnacle Entertainment Incorporated would consider entering Las Vegas market

MGM Resorts International chief worried by Donald Trump presidency

Casino Operations in Goa slow down due to PM Modi’s black money crackdown

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

Gaming and riverboat economic development task force created by Louisiana

Macau reports mass-market resurgence for third quarter

Italian government releases plan to reduce slot machine numbers by one third

New Jersey assumes complete control over Atlantic City

Indiana casino revenues down; Cubs win to blame

Singapore posts increased tourist numbers

Sri Lanka to Establish Gambling Regulatory Authority by June 2026

Nevada Court Grants Aristocrat Access to Light & Wonder’s Math Models

U.S. Sweepstakes Casinos Surge Amid Regulation Gaps and Investor Optimism

SL Green CEO Holds Out Hope for Times Square Casino Amid Setbacks

Chicago Proposes 10.25% Sports Betting Tax for 2026 Budget