Economy/Finance | World Casino News

U.S. judge won’t hear Baha Mar bankruptcy

September 18, 2015

Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Tuesday, a U.S. bankruptcy court in Delaware ruled that most of the multi-billion dollar Baha Mar chapter 11 bankruptcy filing before it would not be heard in a U.S. court and dismissed all but one entity's abi...

Stockton University approves sale of Showboat; buyer identity remains a mystery

Sadonna Price

September 17, 2015

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

On Wednesday, Stockton University decided to approve the sale of the Showboat, a former casino of Atlantic City, which was not a quality purchase of the educational institution. The University decided to purcha...

Casino Revenue in Atlantic City Drops 5% in August

Alex Lanter

September 15, 2015

U.S.A., Latest Casino and Gambling News, Economy/Finance, New Jersey

According to the recently published statistics of the Atlantic City Division of Gaming Enforcement, the total gaming revenue of the state’s casinos for the month of August 2015 was $258.6 million, which is a 5 ...

Baha Mar provisional liquidators appointed

Lars Jones

September 11, 2015

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

Last week the Bahamian Supreme Court appointed KRyS Global, Bahamas and AlixPartners Services UK advisors as Joint Provisional Liquidators over Baha Mar Ltd, Baha Mar Land Holdings Ltd, Baha Mar Properties Ltd,...

Melco profits sketchy before opening of EurAsia properties

Kim M

September 9, 2015

Latest Casino and Gambling News, Cambodia, Casino News, World Casino News, Economy/Finance, Macau, Philippines, Russia

Monday past, in a post-trading filing with the Hong Kong Stock Exchange, Melco International Development Limited announced its year on results ending June 30 to be HK$111.1 million (US$14.3 million), a decline ...

Nearly 900 self-exclude from Maryland casinos; Treatment options scarce

Renee Kingsley

September 9, 2015

Gaming Law & Legislation, U.S.A., Gaming Industry News, Economy/Finance, Maryland

The casino industry in the United States has gone through a rough period over the last 18 months but Maryland casinos have been an exception to the general market stagnation. The five casinos in the state of Ma...

MERS fears subside, Grand Korea Leisure sees numbers rise

Kim M

September 8, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Economy/Finance, Financial Press Releases, South Korea

As of August 26 attendance at its three South Korean Seven Luck foreigners-exclusive casinos exceeded one million, according to an announcement yesterday by Grand Korea Leisure Co., Ltd. (GLK). While visitor...

Maryland casinos generate almost $100M revenue in August

Alex Lanter

September 7, 2015

Latest Casino and Gambling News, U.S.A., World Casino News, Economy/Finance, Maryland

Maryland Lottery and Gaming announced that the state’s five land based casinos generated a total of $96.7 million gaming revenue in August 2015, which is an increase of 20 percent compared to the same month the...

Deadwood South Dakota may get $9 million facelift

Lars Jones

September 7, 2015

Casino expansion projects, Economy/Finance, South Dakota

Rapid City and Omaha architects unveiled plans in late August that could see the Black Hills South Dakota gambling and tourist town of Deadwood completely revitalized. The Black Hills Pioneer reported that TSP ...

Macau junket ops taking debtors to court

Lars Jones

September 5, 2015

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

According to a report on Macau Business Daily (MBD), there has been a major increase in filings with the Court of First Instance by VIP gaming promoters seeking to recover moneys owed by well-to-do gamblers who...

Tinian Dynasty to close this month

Kim M

September 5, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Casino closures, Economy/Finance, Northern Mariana Islands, Saipan

After closing the Tinian Dynasty Casino two weeks ago, owner, Hong Kong Entertainment (HKE) Chairman Wai Chan announced that due to negative cash flow and low tourist arrivals complete closure of both the casin...

China’s mobile gaming revenue will exceed the U.S. market in 2015

Renee Kingsley

September 3, 2015

U.S.A., North America Casino News, Online gambling regulation, China, Economy/Finance, Asian Casino News

Niko Partners, one of the leading research companies in the Asian games market intelligence segment recently released the 2015 Chinese Mobile Gaming Report which confirmed a growth curve in 2015. The report con...

Romanian license numbers up

Lars Jones

September 3, 2015

Latest Casino and Gambling News, Economy/Finance, Unlicensed Operation, Romania

According to a note from Eastern European Gaming, since a new Romanian gambling law went into effect recently, the country has seen an influx of companies willing to comply with the new regulations, even if it ...

Playtech revenues soar; First half profit up 11%

Alex Lanter

September 2, 2015

Online gaming software, Latest Casino and Gambling News, World Casino News, Economy/Finance, Lottery

Playtech Plc, a developer and provider of online and offline gaming software and content, announced a revenue increase of €286 million ($321.4 million) up by 33 percent for the first half of 2015 to June 30 com...

Macau gaming revenue down 35.5%; Austerity measures implemented

Alex Lanter

September 2, 2015

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

Macau witnessed a 35.5% y-o-y gross gaming revenue (GGR) fall to MOP18.62 billion ($2.33 billion) for August, according to information provided by the Gaming Inspection and Coordination Bureau. August was the 1...

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U.S. judge won’t hear Baha Mar bankruptcy

Stockton University approves sale of Showboat; buyer identity remains a mystery

Casino Revenue in Atlantic City Drops 5% in August

Baha Mar provisional liquidators appointed

Melco profits sketchy before opening of EurAsia properties

Nearly 900 self-exclude from Maryland casinos; Treatment options scarce

MERS fears subside, Grand Korea Leisure sees numbers rise

Maryland casinos generate almost $100M revenue in August

Deadwood South Dakota may get $9 million facelift

Macau junket ops taking debtors to court

Tinian Dynasty to close this month

Romanian license numbers up

Playtech revenues soar; First half profit up 11%

Macau gaming revenue down 35.5%; Austerity measures implemented

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