Economy/Finance | World Casino News

Macau gaming revenue down 35.5%; Austerity measures implemented

September 2, 2015

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

Macau witnessed a 35.5% y-o-y gross gaming revenue (GGR) fall to MOP18.62 billion ($2.33 billion) for August, according to information provided by the Gaming Inspection and Coordination Bureau. August was the 1...

Government official wants authorities to investigate City of Dreams Manila Casino over employee sacking

Renee Kingsley

September 2, 2015

Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Employment & Careers, Asian Casino News, Labor Relations, Philippines

The Philippines has encouraged gambling enterprises to set up multi-million dollar casinos in the country as the casino industry was expected to generated significant gaming revenue for the government and also ...

8 or more Macau VIP gaming rooms close in August

Sadonna Price

September 2, 2015

Latest Casino and Gambling News, Economy/Finance, Macau, Labor Relations

According to Macau Business Daily, a minimum of 8 VIP gaming rooms should be closing, either already having done so in August or soon to be in September. The VIP business of Macau is struggling, leaving junket ...

New Jersey casinos put pressure on Governor Christie to approve rescue bills

Renee Kingsley

September 1, 2015

Gaming Law & Legislation, U.S.A., Casino News, Gaming Industry News, Economy/Finance, New Jersey

Atlantic City has witnessed a significant slump in the casino industry and as a result, four out of the twelve casinos in Atlantic City have been forced to shut down in the last 18 months. Once a thriving hub f...

Partner in Macau Ponte 16 posts small loss for first half of 2015

Alex Lanter

August 31, 2015

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

Success Universe Group reported loss of HK$1.9 million ($245,161) for the first half of 2015 in comparison with the same period last year. The company’s share worth noted a fall of 0.04 HK cents compared to ear...

Illinois budget crisis hits lottery winners

Lars Jones

August 31, 2015

Economy/Finance, Lottery, Illinois

The state of Illinois is in the midst of a financial crisis and the government has been operating without a budget since the fiscal year ended on June 30th. Millions of dollars in lottery payouts have ceased wh...

Macau’s crackdown on underground banking activities will hit struggling casino industry

Renee Kingsley

August 27, 2015

China, Gaming Industry News, Economy/Finance, Money Laundering, Macau, Asian Casino News, Tax Evasion, Crime, Financial Fraud

The anti-corruption crackdown launched by Beijing targeting corrupt officials and VIP gamblers in Macau has been successful due to the fact that it has scared away Macau’s VIP gamblers who were not willing to b...

Travellers International seeks 3 millionth member; Resorts World Manila a ‘family destination’

Alex Lanter

August 26, 2015

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

The operator of the Resorts World Manila Casino Resort, Travellers International Hotel Group Inc, said that the company is hoping to expand the gaming base of the resort in the Philippines to 3 million customer...

Last major hold out on Senior Caesar debt signs on

Kim M

August 24, 2015

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Economy/Finance, Bankruptcy, Nevada, New Jersey

In a statement released Friday by Caesars Entertainment Group, an agreement for restructuring a major operating division within the company that filed bankruptcy six month ago, Caesars Entertainment Operating C...

Rank Group reports profit increase of 19 percent

Alex Lanter

August 24, 2015

Latest Casino and Gambling News, Economy/Finance, European Casino News, United Kingdom

Rank Group has increased its profit thanks to a rise in sales at both its land based bingo clubs and Internet gaming websites. The company that operates 58 casinos and 90 Mecca bingo clubs announced a pre-tax p...

Cruise ship numbers and profits rise for Genting Hong Kong

Alex Lanter

August 24, 2015

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

Genting Hong Kong Limited, a gaming operator that runs casino cruise ships as well as a casino gaming developer in the Philippines, recorded a net profit rise by 898 percent year-on-year in the first half of 20...

Rankin strengthening Crown’s position in Japan

D. Graham

August 23, 2015

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

Rob Rankin, recently named Chairman of Crown Resorts Limited, has been investing significant time in Japan this summer meeting personally with political officials in a strong show of dedication and support. The...

Lower slot machine payouts hurting sales according to game makers

Sadonna Price

August 21, 2015

U.S.A., Latest Casino and Gambling News, Economy/Finance

Less betting is reportedly taking place within the United States when it comes to slot betting based on a report by the Association of Gaming Equipment Manufacturers. The report indicates that because operators...

Leisure and Resorts World Corp. reports increased first half net profit by 50%

Alex Lanter

August 21, 2015

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

Gaming company Leisure and Resorts World Corp (LRWC) reported an increased net profit by 50 percent to P454 million year-on-year in the first semester. In a press release on Tuesday, the company said that net p...

Melco Crown petitioned by Forefront of Macau Gaming to promote 1,000 employees

Renee Kingsley

August 20, 2015

Gaming Industry News, Economy/Finance, Employment & Careers, Macau, Asian Casino News, Labor Relations

The anti-corruption crackdown in Macau has caused a significant decline in casino revenue and as a result casinos have been forced to look at ways to bring down their overhead costs. A number of casinos have cu...

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Macau gaming revenue down 35.5%; Austerity measures implemented

Government official wants authorities to investigate City of Dreams Manila Casino over employee sacking

8 or more Macau VIP gaming rooms close in August

New Jersey casinos put pressure on Governor Christie to approve rescue bills

Partner in Macau Ponte 16 posts small loss for first half of 2015

Illinois budget crisis hits lottery winners

Macau’s crackdown on underground banking activities will hit struggling casino industry

Travellers International seeks 3 millionth member; Resorts World Manila a ‘family destination’

Last major hold out on Senior Caesar debt signs on

Rank Group reports profit increase of 19 percent

Cruise ship numbers and profits rise for Genting Hong Kong

Rankin strengthening Crown’s position in Japan

Lower slot machine payouts hurting sales according to game makers

Leisure and Resorts World Corp. reports increased first half net profit by 50%

Melco Crown petitioned by Forefront of Macau Gaming to promote 1,000 employees

Illinois Enforces New Betting Restrictions on NFL Games to Uphold Integrity

Aristocrat Technologies Achieves Landmark Vendor License in UAE

PAGCOR Reports Strong Financial Performance Amid Gaming Sector Growth

Robinhood Introduces New Presidential Election Betting Market with Innovative Derivative Contracts

Sahara Las Vegas Set to Close Poker Room, Launch Slot Machines