Economy/Finance | World Casino News

Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

October 5, 2015

Gaming Law & Legislation, Casino News, China, Economy/Finance, Asian Casino News, Macau

Macau’s department of gaming recently confirmed that gaming revenue has fallen for the 16th consecutive month. This drop in gaming revenue is due to the anti-corruption crackdown launched by Beijing in 2014 tha...

Vegas casinos petitioning to buy their electricity wholesale

D. Graham

October 5, 2015

Casino News, Latest Casino and Gambling News, North America Casino News, Economy/Finance, Nevada

It all started November 2014 when the Las Vegas data storage company, Switch, petitioned the Nevada Public Utilities Commission their intention to leave NV Energy, owned by Warren Buffett’s Berkshire Hathaway....

Fading MERS fears spark improved casino sales for Paradise

Kim M

October 5, 2015

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, South Korea

Down 34 percent for the year, foreigner-exclusive South Korean casino operator, Paradise Co Ltd’s, monthly numbers were down 23.6 percent from last month bringing September’s numbers in at KRW37.2 billion ($31....

NagaCorp’s year-to-date gaming revenue up 47%

D. Graham

October 4, 2015

Cambodia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Macau

NagaCorp Ltd reported unaudited data to the Hong Kong Stock Exchange Friday of almost U.S. $400 million GGR for the first nine months of 2015. This financial data represents an increase of 47% from the U.S. $27...

Macau casino stocks up on reports of potential economic support from Beijing

Lars Jones

October 4, 2015

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

Macau casinos' gross gaming revenue fell by 1/3 in September, the sixteenth month in a row showing decline, but the numbers were within expectations. Hitting forecasts as well as reports that Beijing may be wil...

Over $100 million ad spend by DraftKings and FanDuel in September

Kim M

October 1, 2015

Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Fantasy Sports

Had your fill of the relentless onslaught of DraftKings and FanDuel ads? Well better increase the old intestinal fortitude because it appears they aren’t going anywhere anytime soon. Estimates indicate that ...

Brazil considers legal gambling

Lars Jones

September 30, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Brazil, Economy/Finance, Online Gambling News

Brazil is suffering a prolonged economic downturn and recession with budget cuts and tax increases attempting to remedy a crippled government budget. Another idea is being entertained and that is to increase re...

Casino stocks slide in Hong Kong, US

Lars Jones

September 30, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Macau, Indepth / Featured Articles

Tuesday saw casino stocks on the Hong Kong stock exchange (HKEx) fall to levels unseen in years, and the sneeze seems to have even given some NYSE stocks a cold, or at least kept them from shaking it. Sands ...

Prime Minister Binyamin Netanyahu interested to set up casino industry in Israel

Renee Kingsley

September 29, 2015

Israel, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Middle East Gaming News, Licenses

Prime Minister Binyamin Netanyahu interested to set up casino industry in Israel There are no legalized casinos in Israel so far but that could change very quickly as Israeli prime minister Binyamin Netanyah...

Neptune Group contemplates shutting down Macau junket operation

Renee Kingsley

September 29, 2015

Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships

Neptune Group Ltd, a junket operator that once had a thriving operation in Macau has found it difficult to post consistent profits after the anti-corruption crackdown. The company recently announced that it was...

New York Comptroller’s 5-year audit: Off-track betting plummets

Lars Jones

September 27, 2015

Latest Casino and Gambling News, Horse Racing, Economy/Finance, Horse Racing, New York

A five year audit released by New York state Comptroller Thomas DiNapoli on Friday shows a precipitous drop in off-track betting compared to the previous five years ending in 2008. The nearly 25% drop amounted ...

Brockton developer predicts further struggle for Mashpee’s Taunton casino

Lars Jones

September 25, 2015

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Economy/Finance, Licenses, Taxation, Fines, Lawsuits & Litigation, Massachusetts

Culminating in 2011, former Massachusetts governor Deval Patrick saw an expanded gambling law come to pass on his watch and devoted significant time to negotiating a gaming compact with the Mashpee Wampanoag tr...

Landing says Jeju Casino succeeds with Chinese gamblers

Renee Kingsley

September 25, 2015

China, Economy/Finance, Asian Casino News, South Korea

China real estate developer Landing International in partnership with Genting Hong Kong had operated Hyatt Regency Jeju on Jeju Island in South Korea. However, the Jeju casino did not perform as well as per in...

Strip mall outside Chicago denied video gambling licensing by Illinois Gaming Board

Sadonna Price

September 24, 2015

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

A strip mall located outside the city of Chicago sits half empty, with the owners planning on converting the empty space into video gambling cafes. After seeing applications for licensing, the Illinois Gaming B...

Valley Forge Casino Resort operating license renewed

Sadonna Price

September 24, 2015

Latest Casino and Gambling News, Economy/Finance, Licenses, Pennsylvania

The Valley Forge Casino Resort of Pennsylvania earned a renewal of their Category 3 resort casino operating license after the state Gaming Control Board voted unanimously in approval. The Board, consisting of s...

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Macau Golden Week suffers visitor decrease due to Typhoon Mujigae

Vegas casinos petitioning to buy their electricity wholesale

Fading MERS fears spark improved casino sales for Paradise

NagaCorp’s year-to-date gaming revenue up 47%

Macau casino stocks up on reports of potential economic support from Beijing

Over $100 million ad spend by DraftKings and FanDuel in September

Brazil considers legal gambling

Casino stocks slide in Hong Kong, US

Prime Minister Binyamin Netanyahu interested to set up casino industry in Israel

Neptune Group contemplates shutting down Macau junket operation

New York Comptroller’s 5-year audit: Off-track betting plummets

Brockton developer predicts further struggle for Mashpee’s Taunton casino

Landing says Jeju Casino succeeds with Chinese gamblers

Strip mall outside Chicago denied video gambling licensing by Illinois Gaming Board

Valley Forge Casino Resort operating license renewed

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