Economy/Finance | World Casino News

Plainridge Park casino revenues plummet due to competition from Twin River Casino

December 28, 2015

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

It’s less than six months since the Plainridge Park Casino resort opened to the public and the signs so far are not very encouraging. The casino opened amidst a lot of publicity back in June 2015 and in doing s...

The fight for Georgia; Money and power streaming in on both sides of gambling debate

Lars Jones

December 26, 2015

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Poker, Licenses, Taxation, Georgia

2

The U.S. state of Georgia is gearing up for a fight to decide gambling's future there. The fight will see titans battle for the hearts, minds, and possibly pocketbooks (political campaigns) of lawmakers in the ...

Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs

Lars Jones

December 26, 2015

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, Economy/Finance, Taxation, Bankruptcy, Nevada

On December 18 the House and Senate passed a $1.1 trillion omnibus tax & spending bill that averted a shutdown of the US government. President Obama signed it into law the same day. Included in the bill wer...

Seneca County IDA defends financial assistance for Lago casino

Lars Jones

December 26, 2015

Casino openings, Economy/Finance, Fines, Lawsuits & Litigation, New York

A citizens group and competing casino interests have spent considerable time and resources in an attempt to stop the Lago Resort & Casino from going forward in the Upstate New York town of Tyre. One oft rep...

Vegas airport traffic up 10% for November

Lars Jones

December 25, 2015

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

Year on year numbers show about 10% more people flew in and out of McCarran International Airport in Las Vegas during November this year. Total traveler visits for November 2015 were 3.7 million. According to s...

New Jersey casino referendum in deadlock

Lars Jones

December 24, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Economy/Finance, New Jersey

1

Calls are coming from both sides of the aisle as well as from unions to put the question of expanded gambling in New Jersey in front of voters in November 2016. Currently the former #2 gambling destination in t...

Three casino licenses awarded in Upstate New York; Lago, Montreign, Rivers

Lars Jones

December 22, 2015

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, New Hotels, Casino project updates, Brick-n-Mortar Poker Rooms, Economy/Finance, Licenses, Taxation, New York

Monday December 21, 2015 finally saw New York state gambling regulators award three of seven potential full casino licenses for the state. A fourth license is expected to be issued to Tioga Downs later, along w...

Historic ‘Instant’ racing machines; Texas horse tracks on the brink

Lars Jones

December 22, 2015

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

Last week the Texas Legislature gave the Racing Commission there just enough money to operate until February. The commission's new director, Rolando Pablos, told staff to start "the process of shutting down," ...

Macau’s Chief Executive advises casino industry to focus on non-gaming activities in 2016

Renee Kingsley

December 22, 2015

Economy/Finance, Asian Casino News, Macau

Gambling establishments who were expecting better things from the Macau government in 2016 had their hopes doused yet again as Macau’s Chief Executive Fernando Chui Sai made it clear in a speech at the 16th ann...

Goa’s floating casinos not assured of a permanent home as of now

Renee Kingsley

December 16, 2015

Gaming Law & Legislation, Economy/Finance, India

Goa’s floating casino industry brings in huge revenue for the state government as both domestic and international tourists are eager to get on board and experience a night out on a floating casino. The state go...

Hengqin SEZ increases land mass and invites Hong Kong investors to establish new businesses

Renee Kingsley

December 16, 2015

China, Economy/Finance, Asian Casino News, Macau

The state council recently approved Hengqin Island’s request to double its land mass and increase the area of its special economic zone. The island is currently similar in size to Macau, a special administrativ...

Revenue gains for Hollywood Casino Joliet year-to-date

Sadonna Price

December 15, 2015

Latest Casino and Gambling News, Economy/Finance, Illinois

While the state of Illinois has suffered a decline in casino revenues, the Hollywood Casino Joliet remains one establishment that continues to make money when compared to last year. The Hollywood Casino was abl...

James Packer’s Crown Resorts working to raise capital for Alon Las Vegas

Renee Kingsley

December 11, 2015

Las Vegas, Australia, New Hotels, Casino project updates, Economy/Finance, Nevada

Australian billionaire James Packer and his Crown Resorts have a strong reputation in Australia and Macau and are now looking to build their first casino in Las Vegas. This new casino is called Alon Las Vegas a...

AGA releases new Best Practices for anti-money laundering compliance

Lars Jones

December 10, 2015

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

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, Asian Casino News, Macau, 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...

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Plainridge Park casino revenues plummet due to competition from Twin River Casino

The fight for Georgia; Money and power streaming in on both sides of gambling debate

Omnibus spending bill kept $1 billion in tax breaks, preserved casino REITs

Seneca County IDA defends financial assistance for Lago casino

Vegas airport traffic up 10% for November

New Jersey casino referendum in deadlock

Three casino licenses awarded in Upstate New York; Lago, Montreign, Rivers

Historic ‘Instant’ racing machines; Texas horse tracks on the brink

Macau’s Chief Executive advises casino industry to focus on non-gaming activities in 2016

Goa’s floating casinos not assured of a permanent home as of now

Hengqin SEZ increases land mass and invites Hong Kong investors to establish new businesses

Revenue gains for Hollywood Casino Joliet year-to-date

James Packer’s Crown Resorts working to raise capital for Alon Las Vegas

AGA releases new Best Practices for anti-money laundering compliance

Steve Wynn buys 1 million Wynn Resorts shares

Comanche Cache Casino to Reopen with Expanded Features and Historic Wahlburgers Launch

BlueBet Acquires TopSport Assets in $15 Million Deal to Boost Market Share

Gov. Abbott Voices Support for Legalizing Online Sports Betting in Texas

Northern Mariana Islands Proposes Casino Commission Abolition

Tysons Casino Bill Moves to Virginia House Amid Debate