Economy/Finance | World Casino News

Plainridge Park Casino reports slight decreases in revenue

May 17, 2016

Latest Casino and Gambling News, Economy/Finance, Massachusetts

Massachusetts gaming venue Plainridge Park Casino is reporting a slight decrease in revenues for the month of April, though per day and per machine revenue showed an actual increase. April earnings were lower, ...

Seminole tribe made $2.4B in 2015; information revealed in debated casino documents

Kim M

May 17, 2016

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Florida, Fines, Lawsuits & Litigation

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Efforts by the Seminole Tribe of Florida to block financial information from being published reveal that the tribe made $2.4 billion last year, the majority of which originated from the gambling business. Ho...

Electronic wagering needs to be considered according to Michigan horse tracks

Kim M

May 16, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Horse Racing, Michigan

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The long-standing fight over how to divvy up revenue from horse race wagering between the two remaining horse tracks in Michigan may have finally found some resolution. However, owners of Hazel Park Raceway,...

Travellers International reports first-quarter drop in gaming revenues

Adam Morgan

May 16, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

The owner and operator of the giant Resorts World Manila hotel and casino, Travellers International Hotel Group, has announced its financial results for the first three months of 2016 showing a 33.5% decline ye...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Kim M

May 15, 2016

Latest Casino and Gambling News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s few branches that is ac...

April eventful for Foxwoods; higher slot machine revenue reported

Kim M

May 14, 2016

Online gaming software, Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Connecticut

On Friday, Foxwoods Resort Casino reported slot revenue of $40.7 million for April 2016, an increase of 5 percent over the same time last year's reported $38.7 million. April’s total revenue was $496.3 million,...

SkyCity Entertainment raising capital for future projects

Adam Morgan

May 14, 2016

Latest Casino and Gambling News, Australia, New Zealand, Economy/Finance

Australasian casino operator SkyCity Entertainment has announced that it intends to raise $177.76 million from shareholders via a one-for-ten rights offer in order to “fund future growth projects”. Auckland-...

New Jersey April Gaming Revenue Results released; PokerStars dominant on the online poker market

Alex Lanter

May 13, 2016

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

New Jersey Division of Gaming Enforcement (NJDGE) on Thursday released April 2016 Gaming Revenue Results for the state. Online gaming revenues jumped almost 34% in comparison to the same month last year, wherea...

Singapore tourist numbers boosted by casinos

Adam Morgan

May 10, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

The number of tourists making Singapore their end destination in 2016 is expected to increase by up to 8% year-on-year to 16.5 million thanks in part to the city-state’s ending of a decades-long ban on casinos....

Northwest Indiana casinos continue to impress

Adam Morgan

May 10, 2016

Latest Casino and Gambling News, Economy/Finance, Taxation, Indiana

The five casinos in northwest Indiana continued their strong performance in April after posting a 3.2% increase year-on-year in monthly gaming revenues to $86.3 million despite a 2.1% decline in overall admissi...

Eldorado Resorts reports improved first-quarter results

Adam Morgan

May 9, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

American casino operator Eldorado Resorts has revealed that the strong performance of its Reno properties helped it to post a 0.8% increase year-on-year in first-quarter net revenues to $213.6 million. Eldor...

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

MacauCasinos.com

May 9, 2016

Australia, Latest Casino and Gambling News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

Melco Crown Entertainment has recently announced that it is buying back $800.83 million in company shares from Crown Asia Investments it’s joint venture partner. The two Casino giants have jointly invested and ...

Maryland casinos set all-time record topping the $100m mark for the first time

Kim M

May 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

On Thursday, the Maryland Lottery and Gaming Control Agency released figures that show April’s revenue from the state’s five casinos topped $100 million for the first time; setting a new monthly high of $103.9 ...

Atlantic City aid package disputes continue; no vote on Prieto’s bill

Sadonna Price

May 6, 2016

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

After announcing a vote was to take place on Thursday regarding his aid bill, Democratic Assembly Speaker Vincent Prieto ended up calling off the vote, as lawmakers continue to disagree on what should be done a...

South Korean casino operator declares mixed results

Adam Morgan

May 5, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, South Korea

South Korean casino operator Paradise Co has reported sales of $48.4 million for April, which represents a 9.4% increase year-on-year, although the figure for the first four months of 2016 is 2.9% lower than fo...

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Plainridge Park Casino reports slight decreases in revenue

Seminole tribe made $2.4B in 2015; information revealed in debated casino documents

Electronic wagering needs to be considered according to Michigan horse tracks

Travellers International reports first-quarter drop in gaming revenues

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

April eventful for Foxwoods; higher slot machine revenue reported

SkyCity Entertainment raising capital for future projects

New Jersey April Gaming Revenue Results released; PokerStars dominant on the online poker market

Singapore tourist numbers boosted by casinos

Northwest Indiana casinos continue to impress

Eldorado Resorts reports improved first-quarter results

Melco Crown buys back stock from Crown Asia; Packer reduces stake by $800m

Maryland casinos set all-time record topping the $100m mark for the first time

Atlantic City aid package disputes continue; no vote on Prieto’s bill

South Korean casino operator declares mixed results

Star Warns $400M Fine Could Trigger Collapse in AUSTRAC Junket Case

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida