Economy/Finance | World Casino News

Atlantic City casino revenue up 14.7% in February

March 15, 2016

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

Atlantic City’s casinos managed to wrangle 14.7 percent more from gamblers in February than they did last year. The state Gaming Enforcement Division released figures on Monday that show the New Jersey resor...

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Lars Jones

March 15, 2016

Latest Casino and Gambling News, Casino project updates, Bahamas, Economy/Finance

HVS Capital Corp. has just announced that the Grand Lucayan Resort complex, which includes the Treasure Bay Casino is to be sold in a Sealed Bid Auction. The assets can be purchased in whole or in part and ther...

Neptune Group says VIP crisis inescapable

Kim M

March 15, 2016

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

Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing VIP junket model no longer sustainable. The company said in an interim report fi...

February sees 5.8 percent decline for Baton Rouge casino riverboat winnings

Kim M

March 15, 2016

Latest Casino and Gambling News, Economy/Finance, Louisiana

Numbers in the plus column at Baton Rouge’s three riverboat casinos declined by a combined 5.8 percent in February, as all but one of Louisiana's gambling markets witnessed a decrease in revenues from the year ...

Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc.

Kim M

March 14, 2016

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

A 41 percent increase in consolidated revenue has been reported by Pan-Asia focused Entertainment Gaming Asia Inc. for the 2015 fiscal year, at $31.5 million. The company attributes the rise to increases in gam...

Casinos in Gauteng, South Africa could end up paying higher taxes very soon

Renee Kingsley

March 14, 2016

Gaming Law & Legislation, South Africa, Economy/Finance, African Casino News, Taxation

Casinos in Gauteng, South Africa have been subjected to paying the government just 9 percent in gaming taxes for close to a decade. They were informed last week that their tax rates could be significantly highe...

Ninefold profit boost posted for Colorado Springs casino company

Kim M

March 13, 2016

Latest Casino and Gambling News, Canada, Economy/Finance, Colorado

On Friday, Colorado Springs, Colorado-based gaming company, Century Casinos Inc., reported that its 2015 profits increased by more than nine times compared with 2014. The company attributes the hike in part to ...

Macau gaming firm believes room prices will become competitive while price war not imminent

Sadonna Price

March 13, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

As the Macau gaming industry flounders, operators are trying to determine what to do to bring in gamblers. The Las Vegas Sands Corp. President and Chief Operating Officer, Robert Goldstein, has stated that gami...

February casino market led by River City & Casino Queen

Kim M

March 12, 2016

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

Gambling figures for the state released Thursday show revenue rises in the double digits at River City and the Casino Queen, both leading the St. Louis casino market’s strong performance in February. Leading...

Macau casino labor group worry lay-offs will result from recent gaming earnings decline

Sadonna Price

March 12, 2016

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Macau

As Macau continues to see declining revenue earnings from local casinos, venue employees are worried about potential lay-offs. Forefront of Macao Gaming is a labor group of Macau who has reported that members o...

Exclusivity promised to Oklahoma tribes threatened by fantasy gaming

Kim M

March 10, 2016

Tribal Gaming, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Fantasy Sports, Oklahoma

Legislation proposed this year to authorize daily fantasy sports contests could strike a blow to Oklahoma education funding as well as tribal gaming exclusivity. The Oklahoma Fantasy Contests Acts, HB 2278 a...

Horseshoe Casino Cleveland alone in decline of February revenue: casino, racino reports

Kim M

March 8, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

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According to the Ohio Casino Control Commission, in February, the Horseshoe Casino Cleveland brought in $18.3 million in revenue, a 9 percent decrease from February 2015.That includes the extra day in February ...

Las Vegas returns; Palms could be third casino to list for sale with rebound

Lars Jones

March 7, 2016

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

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Investment bank Macquarie Group Ltd. has been retained to explore a possible sale of the Palms Casino Resort in Las Vegas, according to people close to the matter, Bloomberg reported Friday. Numbers out of Las ...

Alberta sees huge earnings in first six months of 2015-16 fiscal year

Sadonna Price

March 7, 2016

Latest Casino and Gambling News, Alberta, Economy/Finance, Lottery

Citizens in Alberta have been very eager to wager despite the recent economic downturn, with figures showing a huge amount spent by gamblers for the first six months of the 2015-16 fiscal year. The Alberta Gami...

Steve Wynn’s compensation falls as VIP tables are ignored by Chinese gamblers

Sadonna Price

March 7, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

With fewer VIP gamblers visiting Macau, the casinos in the once bustling city are now earning less money. With less earnings, pay drops are expected and Steve Wynn of Wynn Resorts is one such individual who is ...

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Atlantic City casino revenue up 14.7% in February

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Neptune Group says VIP crisis inescapable

February sees 5.8 percent decline for Baton Rouge casino riverboat winnings

Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc.

Casinos in Gauteng, South Africa could end up paying higher taxes very soon

Ninefold profit boost posted for Colorado Springs casino company

Macau gaming firm believes room prices will become competitive while price war not imminent

February casino market led by River City & Casino Queen

Macau casino labor group worry lay-offs will result from recent gaming earnings decline

Exclusivity promised to Oklahoma tribes threatened by fantasy gaming

Horseshoe Casino Cleveland alone in decline of February revenue: casino, racino reports

Las Vegas returns; Palms could be third casino to list for sale with rebound

Alberta sees huge earnings in first six months of 2015-16 fiscal year

Steve Wynn’s compensation falls as VIP tables are ignored by Chinese gamblers

Thailand Moves Closer to Legalizing Casinos with New Entertainment Complex Law

Florida’s Gambling Overhaul Bill Moves Forward, Drawing Fire from Veterans and Racing Industry

Macau’s Mass Market Gaming Dominates 1Q25, But Revenue Growth Slows

Booming Games Brings Classic Springtime Cheer in Easter Classics Online Slot

Saks Fifth Avenue Drops Plans for Midtown Casino