Economy/Finance | World Casino News

SkyCity Entertainment raising capital for future projects

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, Economy/Finance, Online Poker, 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...

PAGCOR exceeds first-quarter earnings expectations

Adam Morgan

May 4, 2016

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

The state-run Philippine Amusement And Gaming Corporation (PAGCOR) has revealed that its net income for the first three months of 2016 rose by 11% year-on-year to reach $22.1 million. PAGCOR operates 13 casi...

New Jersey Assembly Speaker Prieto’s bill to be voted on this Thursday

Sadonna Price

May 4, 2016

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

Atlantic City is still awaiting a rescue plan, with casinos and officials ready for something to happen in way of aid. Vincent Prieto, the New Jersey Assembly Speaker, will see his plan for rescuing the city fr...

Leicester City defies the odds to win English Premier League title

Adam Morgan

May 3, 2016

Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Economy/Finance, Sports betting

Fans of Leicester City Football Club are celebrating today after the underdog side confounded many of the world’s leading soccer experts as well as betting odds of 5,000-to-1 to win its first English Premier Le...

Tribal casino gambling revenue down in AZ; battle over West Valley Casino ongoing

Kim M

May 3, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Arizona, Economy/Finance

For the quarter that ended March 31, contributions from tribal gaming revenue to the state will be an approximate $23.9 million, according to the Arizona Department of Gaming. Compared to the same time perio...

Atlantic City makes $1.8 million bond payment and avoids default

Renee Kingsley

May 3, 2016

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

The almost bankrupt Atlantic City narrowly managed to avoid defaulting on its payment schedule, after the city scraped together $1.8 million and completed its bond payment on the morning of May 2nd. The city w...

Macau gross gaming revenues continue to decline

Adam Morgan

May 2, 2016

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

The 33 casinos in Macau reported gross gaming revenues for April of $2.17 billion, which represents a decline of 9.5% year-on-year and marks a 23rd consecutive month of deterioration. According to a report f...

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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

PAGCOR exceeds first-quarter earnings expectations

New Jersey Assembly Speaker Prieto’s bill to be voted on this Thursday

Leicester City defies the odds to win English Premier League title

Tribal casino gambling revenue down in AZ; battle over West Valley Casino ongoing

Atlantic City makes $1.8 million bond payment and avoids default

Macau gross gaming revenues continue to decline

The Venetian Resort Settles EEOC Religious Discrimination Lawsuit

MLB Probes Guardians Pitcher Luis Ortiz Over Betting Concerns

California Attorney General Says Daily Fantasy Sports Are Illegal Gambling

Portugal’s Online Gambling Market Sees First Revenue Dip in Nearly Three Years

Indonesia Prepares Stricter Online Gambling Regulation With Focus on Mitigation