Economy/Finance | World Casino News

AGA releases new Best Practices for anti-money laundering compliance

December 10, 2015

Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, Money Laundering, Economy/Finance

On the anniversary of the first ever comprehensive guidance on Anti-Money Laundering (AML) Best Practices, the American Gaming Association (AGA) released updates yesterday to help operators come into and stay i...

Steve Wynn buys 1 million Wynn Resorts shares

Kim M

December 10, 2015

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

One million shares of Wynn Resorts Ltd. were purchased on the open market by billionaire founder Steve Wynn, the owner of casinos in Las Vegas and Macau. The stock rose 13 percent after the purchase leading the...

Lansky family topping the news for Cuba casinos

Lars Jones

December 10, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Cuba, Florida

Legendary gangster Meyer Lansky lost his Riviera Casino in Havana when the Castro government seized assets after the 1959 revolution there. Now that President Obama has set a course to normalize relations with ...

Cowlitz Casino closes on funding with Mohegan Sun

Lars Jones

December 8, 2015

Latest Casino and Gambling News, Tribal Gaming, Casino News, New Hotels, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Oregon, Washington

The Mohegan Tribal Gaming Authority announced yesterday that the Cowlitz Indian Tribe of Washington state has closed on a financing deal for construction of a proposed casino to be located on Cowlitz tribal lan...

Payouts long halted, House bill OKs $1 billion for Illinois lottery

Kim M

December 7, 2015

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Lottery, Taxation, Illinois

A package that will allocate special funds totaling more than $3 billion to help communities maintain 911 telephone systems and pay for snow removal was approved by Illinois lawmakers on Wednesday. Republica...

Chinese company takes first position on Baha Mar with $50m finance deal

Lars Jones

December 7, 2015

Latest Casino and Gambling News, Casino News, China, New Hotels, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

3

China Harbour Engineering Company (CHEC) has financed the bank-appointed receivers of Baha Mar Resort, Deloitte & Touche, with $50 million as a preferred lender, moving to the top of the queue to be repaid,...

Idaho high court awards tribe reduced legal fees in instant racing case

Lars Jones

December 5, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Horse Racing, Casino closures, Economy/Finance, Idaho, Fines, Lawsuits & Litigation

The Idaho Supreme Court has determined that the state has to pay the Coeur d’Alene Tribe a little more than half of the legal fees they requested after besting Idaho in a battle over slot-like machines competin...

AGA seeks presidential candidates’ views on key issues

Sadonna Price

December 4, 2015

U.S.A., Las Vegas, Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Licensing, Nevada

A debate between presidential candidates is set to take place in Las Vegas in about two weeks. The American Gaming Association (AGA) has created a questionnaire for the candidates to fill out. The results will ...

Casino revenue in Chile jumps almost 20%

Alex Lanter

December 4, 2015

Latest Casino and Gambling News, World Casino News, Central & South America Gaming, Chile, Economy/Finance

Casino revenue in Chile in October reached $39.6 million, which is 19.5% better than results noted in October, 2014. Additionally, the number of visitors jumped by 11% at 490,786, whereas the average spend grew...

Best Sunshine to bid for Saipan land; Kan Pacific decries breach of lease

Lars Jones

December 3, 2015

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Fines, Lawsuits & Litigation, Northern Mariana Islands, Saipan

Best Sunshine International (Imperial Pacific) will place a bid for 160 hectares (about 400 acres) of public land in Marpi, Saipan including an area occupied by Kan Pacific's Mariana Resort & Spa. Kan Pacif...

Saipan casino opens with a bang; $1.6 billion VIP roll in November

Lars Jones

December 3, 2015

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

An Imperial Pacific filing with the Hong Kong Stock exchange shows that their temporary "Best Sunshine Live" casino at the T Galleria in Garapan, Saipan generated US$1,629.6 million (HK$12,646 million) in roll ...

Macau November gross gaming revenue drops 32%

Alex Lanter

December 3, 2015

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

According to data released by the Macau Gaming Inspection and Coordination Bureau, the once gambling heaven’s November gross gaming revenue dropped by 32.3% y-o-y to around MOP16.43 billion (around $2.06 billio...

Macau’s new DICJ Leader promises to amend gaming laws to revive casino industry

Renee Kingsley

December 2, 2015

Gaming Law & Legislation, Casino Cheating, China, Money Laundering, Economy/Finance, Macau, Asian Casino News, Fines, Lawsuits & Litigation

While it is clear that Beijing’s anti-corruption crackdown on the Macau industry has caused the casino industry to suffer its biggest market slump, questions must also be raised about Macau’s gambling regulatio...

Nevada Gold & Casinos closes on Club Fortune Casino in Henderson

Lars Jones

December 1, 2015

Latest Casino and Gambling News, World Casino News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

Nevada Gold & Casinos, Inc. announced today that it has completed the purchase of Club Fortune Casino in Henderson, Nevada. The deal was announced in May of this year. The purchase involved a cash tender of...

Unlimited tables and 99 year license make Brisbane casino a “no brainer” for Asian investor

Kim M

December 1, 2015

Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Oceania Casino News

Far East Consortium International’s investment in Australia’s Queen’s Wharf Brisbane, the state’s biggest casino project, is expected to generate earnings of HK$2 billion annually. The contract that guarante...

Please confirm that you are not a robot.

Top Online Casinos in United States

Top Online Bingo in United States

Top Online Poker in United States

Top Online Sportbooks in United States

AGA releases new Best Practices for anti-money laundering compliance

Steve Wynn buys 1 million Wynn Resorts shares

Lansky family topping the news for Cuba casinos

Cowlitz Casino closes on funding with Mohegan Sun

Payouts long halted, House bill OKs $1 billion for Illinois lottery

Chinese company takes first position on Baha Mar with $50m finance deal

Idaho high court awards tribe reduced legal fees in instant racing case

AGA seeks presidential candidates’ views on key issues

Casino revenue in Chile jumps almost 20%

Best Sunshine to bid for Saipan land; Kan Pacific decries breach of lease

Saipan casino opens with a bang; $1.6 billion VIP roll in November

Macau November gross gaming revenue drops 32%

Macau’s new DICJ Leader promises to amend gaming laws to revive casino industry

Nevada Gold & Casinos closes on Club Fortune Casino in Henderson

Unlimited tables and 99 year license make Brisbane casino a “no brainer” for Asian investor

Fortunepanda’s Versus Odds Banned by Swedish Regulator for Illegal Gambling

Paradise Co Reports KRW818.8B Revenue in 2024, Signaling Strong Growth

Philippines Intensifies Crackdown on Illegal POGO Workers

Ohio Sports Betting Surpasses $1 Billion in November 2024

KSA Enforces Revamped Fine Policy in The Netherlands for 2025