Economy/Finance | World Casino News

Crown Resorts placed on Rating Watch Negative

June 20, 2016

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

Australian casino operator Crown Resorts has been placed on Rating Watch Negative by credit ratings agency Fitch Ratings after it announced plans to de-merger some of its international assets. Melbourne-base...

Jeju Sun performance prompts Bloomberry to consider selling Korean casino

Lars Jones

June 20, 2016

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

After having operated the Jeju Sun Hotel and Casino on Jeju Island, South Korea for less than a year, Bloomberry Resorts Corp has confirmed to media in a Philippine Stock Exchange filing that, “The company conf...

Studio City Macau may consider junket facilities

Martin Chua

June 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

Studio City Macau, which opened with only mass market and high stakes tables and slots has said they will consider adding VIP junket facilities to their offering. The massive family friendly integrated resort, ...

Pennsylvania casino gaming revenues up small percentage for May

Sadonna Price

June 20, 2016

Latest Casino and Gambling News, Economy/Finance, Pennsylvania

The revenue results for casino gaming during the month of May have been released by the Pennsylvania Gaming Control Board and the state has seen a slight increase for the month. The state earned $280.2 million ...

Caesars wins temporary reprieve from creditors

Adam Morgan

June 18, 2016

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

A Chicago judge has granted global casino operator Caesars Entertainment Corporation a temporary reprieve from court actions brought by shareholders of its bankrupt operating arm. Las Vegas-based Caesars Ent...

Five consecutive years of growth for tribal gaming beats declining commercial segment

Kim M

June 16, 2016

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Financial Press Releases

According to the 2016 Edition of the Indian Gaming Industry Report, which provides a detailed accounting of the most up to date and available information related to Indian gaming in the United States, in 2014,...

Slight rise in monthly slot revenues for Plainridge Park Casino

Adam Morgan

June 16, 2016

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

In Massachusetts, Plainridge Park Casino has seen total slot revenues for May increase by 1.3% month-on-on-month to $13.48 million with the venue additionally contributing $5.39 million in tax. The Plainvill...

Crown Resorts to cleave Australian and overseas companies

Martin Chua

June 15, 2016

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

Crown Resorts Ltd announced in a filing with the Australian Securities Exchange Wednesday that they plan to separate most of their non-Australian located businesses from their domestics. They will also explore ...

Gaming tax revenues in Panama continue to climb in 2016

Kim M

June 14, 2016

Latest Casino and Gambling News, Economy/Finance, Panama

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According to Eric Ríos, the Executive Secretary of the Panamanian Gaming Control Board (JCJ), gaming tax revenues are maintaining their momentum and by the end of this year will reach US$82 million, which is si...

Titans clash in down market; Galaxy responds to Adelson’s alleged slights, again

Martin Chua

June 11, 2016

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

Local media is reporting that a war of words has emerged again between Sands China Ltd boss, Sheldon Adelson and Galaxy Entertainment Group (GEG). The quotes attributed to gambling mogul Adelson seem to closely...

Resorts World Sentosa lays off almost 400 employees

Adam Morgan

June 10, 2016

Latest Casino and Gambling News, Economy/Finance, Singapore

Genting Singapore has cut the 1,200-strong workforce at its giant Resorts World Sentosa casino resort in Singapore by almost 400 people over the past few weeks in order to mediate the impact of falling revenues...

A new local casino in southern Illinois could mean substantial losses for others

Kim M

June 9, 2016

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

If a proposal for a casino at Walker’s Bluff in Carterville is successful, it would mean even more competition for Harrah’s Metropolis and the Isle Casino Cape Girardeau, as the trio is located within 60 miles ...

Northwest Indiana casinos report a 10% revenue decline in May

Alex Lanter

June 9, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana, Financial Press Releases

A sharp drop in revenue of 10% reported Northwest Indiana casinos; in May, 2016 the five operators along Lake Michigan’s shore generated $79.3 million, a number drastically lower than the results of $88.2 milli...

Saskatchewan Indian Gaming Authority reports revenue and profit rise

Adam Morgan

June 8, 2016

Latest Casino and Gambling News, Economy/Finance, Saskatchewan, Canadian Tribal

The Saskatchewan Indian Gaming Authority has reported a 0.7% increase year-on-year in net revenue for the twelve months to the end of March while its overall profit rose by 2.6% to $68.1 million. The operato...

Ohio May racino revenue jumps, while casino revenue declines

Alex Lanter

June 8, 2016

Latest Casino and Gambling News, Economy/Finance, Financial Press Releases, Ohio

According to the latest revenue report for racinos and casinos in Ohio, the state noted a jump in racino and drop in casino performance in May. Ohio’s seven racinos generated $78.24 million, whereas the four ca...

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Crown Resorts placed on Rating Watch Negative

Jeju Sun performance prompts Bloomberry to consider selling Korean casino

Studio City Macau may consider junket facilities

Pennsylvania casino gaming revenues up small percentage for May

Caesars wins temporary reprieve from creditors

Five consecutive years of growth for tribal gaming beats declining commercial segment

Slight rise in monthly slot revenues for Plainridge Park Casino

Crown Resorts to cleave Australian and overseas companies

Gaming tax revenues in Panama continue to climb in 2016

Titans clash in down market; Galaxy responds to Adelson’s alleged slights, again

Resorts World Sentosa lays off almost 400 employees

A new local casino in southern Illinois could mean substantial losses for others

Northwest Indiana casinos report a 10% revenue decline in May

Saskatchewan Indian Gaming Authority reports revenue and profit rise

Ohio May racino revenue jumps, while casino revenue declines

IGY Marinas to Lead Operations at Wynn Al Marjan Island Superyacht Marina

PAGCOR Orders Removal of Gambling Billboards in Effort to Curb Addiction

UK Gambling Commission Overhauls Penalty System for Greater Transparency

European Parliament Approves Gibraltar’s Removal from EU’s High-Risk List

DraftKings Settles Connecticut Bonus Dispute, Agrees to Return $3 Million