Economy/Finance | World Casino News

Macau junket operator to shut down Wynn Macau VIP room

October 27, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Macau, Financial Fraud

Dore Entertainment Co Ltd will be shutting down a VIP room at the Wynn Macau, according to the most recent reports out of the gaming city. The Macau junket operator operates three VIP rooms at the casino, with ...

Illinois casino towns affected by state budget impasse

Sadonna Price

October 26, 2015

Latest Casino and Gambling News, Economy/Finance, Illinois

Since July 1st, the state of Illinois has been working on the budget impasse, with seemingly no plan in sight. Officials are trying to find a way to come up with tax revenues to cover the deficit, even discussi...

Philadelphia investor gets first green light for casino racetrack near Ohio border

Lars Jones

October 23, 2015

Casino proposals, Horse Racing, Casino project updates, Economy/Finance, Licenses, Mergers, Acquisitions & Partnerships, Pennsylvania

The Pennsylvania Harness Racing Commission gave their blessing to a change in ownership and license transfer that is a key first step in bringing Lawrence Downs Casino and Racing Resort near New Castle to fruit...

West Virginia greyhound racing attendance plummets – purses bolstered by casinos

Lars Jones

October 22, 2015

Gaming Law & Legislation, Economy/Finance, Taxation, West Virginia

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Spectrum Gaming released an updated report on October 19th that showed a decline in attendance at one West Virginia greyhound track from 929,000 in 1983 to only 13,000 in 2013. The report was commissioned by t...

Taunton, MA residents to see what $8 million a year in improvements from Mashpee First Light casino will do

Lars Jones

October 22, 2015

Latest Casino and Gambling News, Tribal Gaming, New Hotels, Casino project updates, Economy/Finance, Massachusetts

Yesterday Mayor Thomas Hoye Jr. of Taunton, Massachusetts announced that the public will have a chance to review and comment on infrastructure and traffic improvement programs planned as part of the Mashpee Wam...

Wynn bemoans Macau table policy; Govt hits back

Lars Jones

October 20, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, New Hotels, Casino project updates, Economy/Finance, Licenses, Macau, Labor Relations

In a conference call Thursday that saw a candid Steve Wynn refer to an ongoing feud with Boston Mayor Martin Walsh as something of a perverse comedy, the chairman and CEO of Wynn Resorts Ltd also criticized the...

Plainridge Casino September revenue falls to $12.6 million

Alex Lanter

October 19, 2015

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

Plainridge Park Casino has seen its revenue drop to $12.6 million in September. In comparison, in August the casino managed to generate earnings of $15.2 million. Even though the gambling facility attracted lot...

Divi Carina Bay pays St. Croix AG nearly $.5 million “in good faith” to avoid closure

Lars Jones

October 17, 2015

Latest Casino and Gambling News, Casino News, St. Croix, World Casino News, Economy/Finance, Taxation, Fines, Lawsuits & Litigation

Although Treasure Bay VI Corp., owners of Divi Carina Bay Resort & Casino in Christiansted, St. Croix, Virgin Islands, don't agree that they currently owe the government there any money, they have made a go...

Atlantic City’s eight casinos see increased revenue by almost 11% in September

Alex Lanter

October 16, 2015

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

The eight surviving land based casinos in Atlantic City saw their overall gaming revenue increase by approximately 11 percent in September 2015, compared to the same period a year ago. Yesterday the Division of...

Macau’s Studio City downgrades its hotel from 5 star to 4 star to adapt to tourism price drop

Renee Kingsley

October 16, 2015

World Casino News, New Hotels, Casino project updates, Economy/Finance, Asian Casino News, Macau

Macau’s casino industry lost over $100 billion during the last 18 months due to the anti-corruption crackdown which scared away high-rollers and caused a major slump in the gambling market in Macau. The market ...

Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium

Renee Kingsley

October 13, 2015

Australia, Casino openings, China, Hong Kong, Economy/Finance, Asian Casino News

Echo Entertainment and James Packer’s Crown Resorts battled it out to secure rights to construct a $3 billion mega-casino resort at Queen's Wharf, Brisbane. The Queensland government eventually decided that Ech...

Georgia Governor may support casino bill – for a price

D. Graham

October 12, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Taxation, Georgia

According to an exclusive interview, reporters for The Atlanta Journal-Constitution (AJC) have disclosed that Georgia Governor Nathan Deal might support the legislature’s current casino bill – if the bill’s fea...

Studio City set to open Oct. 27, no table allocation announced yet

Lars Jones

October 9, 2015

Latest Casino and Gambling News, Casino openings, Casino project updates, Economy/Finance, Licenses, Macau

All eyes are on Macau's Gaming Inspection and Coordination Bureau, the regulators who will decide the number of tables to be allowed at Melco Crown Entertainment Ltd’s Studio City Macau when it opens later this...

Macau junket operator Iao Kun sees huge decrease in chip turnover

Sadonna Price

October 8, 2015

Latest Casino and Gambling News, Economy/Finance, Macau

Based on a recent filing with the Nasdaq Stock Exchange, Iao Kun, a junket company operating in Macau, has seen a decline in the year-on-year rolling chip turnover for September. Reports show that the operator ...

Harrah’s Cherokee Valley River Casino revenue should enhance tribe’s well-being

Kim M

October 6, 2015

Latest Casino and Gambling News, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, North Carolina

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With the opening of Harrah’s Cherokee Valley River Casino and Hotel in Murphy, North Carolina on September 28th the Eastern Band of Cherokee Indians has bolstered their economic independence and ability to take...

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Macau junket operator to shut down Wynn Macau VIP room

Illinois casino towns affected by state budget impasse

Philadelphia investor gets first green light for casino racetrack near Ohio border

West Virginia greyhound racing attendance plummets – purses bolstered by casinos

Wynn bemoans Macau table policy; Govt hits back

Plainridge Casino September revenue falls to $12.6 million

Divi Carina Bay pays St. Croix AG nearly $.5 million “in good faith” to avoid closure

Atlantic City’s eight casinos see increased revenue by almost 11% in September

Macau’s Studio City downgrades its hotel from 5 star to 4 star to adapt to tourism price drop

Chow Tai Fook relying heavily on China’s VIP network to raise funds for $3 billion Brisbane consortium

Georgia Governor may support casino bill – for a price

Studio City set to open Oct. 27, no table allocation announced yet

Macau junket operator Iao Kun sees huge decrease in chip turnover

Harrah’s Cherokee Valley River Casino revenue should enhance tribe’s well-being

Genting Malaysia Faces Lawsuit Over Resorts World Bimini Operations

Macau’s Surging Gaming Tax Revenue Marks Economic Upswing in 2024

Victoria Moves Forward with Carded Play and Stricter Gambling Reforms

Labour Set to Announce Mandatory Gambling Levy to Fund Harm Reduction

Wind Creek Hospitality Collaborates with Kambi for Chicago Southland Sportsbook