Economy/Finance | World Casino News

DraftKings valuation plunges 60% since DFS legal uncertainty began

February 10, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Economy/Finance, Online Gambling News, Fantasy Sports

Ever since the legal and regulatory uncertainty in the daily fantasy sports (DFS) industry began, DraftKings, a popular DFS operator, has seen its valuation falling down by 3/5. This can be witnessed in the 10-...

Bernstein says, Genting Singapore should outperform

Kim M

February 9, 2016

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Singapore

Bernstein reports, due to strong cash flow generation, resumption of sizeable share buyback, and a stabilizing Singapore gaming market Genting Singapore PLC (GENS:SP )stocks are expected to outperform. Accor...

Wildhorse Resort & Casino expands liquor sales; increases gaming age limit

Sadonna Price

February 9, 2016

Latest Casino and Gambling News, Tribal Gaming, Economy/Finance, Oregon

The Wildhorse Resort & Casino is a gaming venue located in Pendleton, Oregon that recently decided to expand their liquor sales. The owner/operator of the venue, the Confederated Tribes of the Umatilla Rese...

New betting record set during Super Bowl 50 at Nevada Sportsbooks

Sadonna Price

February 9, 2016

NFL, Latest Casino and Gambling News, Economy/Finance, Sports betting, Nevada

The sportsbooks in the state of Nevada stayed busy this past weekend as Super Bowl 50 brought in a record number of punters. On Monday, the Nevada Gaming Control Board released the figures from the 194 sportsbo...

Ohio racino revenue up 9% in January, casino revenue essentially flat

Alex Lanter

February 9, 2016

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

Compared to last year, racinos in Ohio had a strong January with increased revenue of 9%. In addition, the revenue was 7.5% up at Columbus' Scioto Downs. The casino revenue, on the other hand, remained more or ...

Cosmopolitan Las Vegas Welcomes High Bet Limits of $200,000

Alex Lanter

February 8, 2016

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

It has been 14 months since Blackstone Group LP bought the Cosmopolitan, a 3,000-room resort casino in Las Vegas. To attract more visitors to the property, Blackstone, led by Steve Schwarzman and Bill McBeath, ...

Record number of visitors in Las Vegas in 2015 but gambling loses its luster

Alex Lanter

February 8, 2016

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

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Despite the fact that the number of visitors in Las Vegas increased 2.5 percent last year compared to 2014, the gambling revenue remained almost the same. A whooping total of 42.3 million tourists visited Sin C...

OTG considering casino gaming for major U.S. airports

Sadonna Price

February 7, 2016

Latest Casino and Gambling News, Technology, Economy/Finance, New York

OTG is a company that creates top quality airline concessions for airports around the United States. The management team of the company recently filed an IPO to try and expand their business operations to more ...

Cali Group closes two VIP gaming rooms

Sadonna Price

February 6, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

The Cali Group is a gambling junket operator located in Macau that previously had offered four VIP gaming rooms at local casinos. The group is now looking to shift resources to another area, in the Philippines,...

Mohegan Sun Pocono Casino to be reassessed for new value

Sadonna Price

February 6, 2016

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

The Mohegan Sun Pocono Casino is set to be assessed by Coyle, Lynch & Company, a Pennsylvania based company who was hired by Luzerne County to determine the value of the property. A contract was posted by t...

Winter storm dampens Maryland casino revenue

Kim M

February 6, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Maryland

While the recent weekend snowstorm has slowed revenue gains, in January, Maryland’s casinos reported another month of increases, according to a press release by the Maryland Lottery and Gaming Control Agency on...

Borgata Casino continues to push for tax refund resolution

Sadonna Price

February 5, 2016

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

The Borgata Hotel Casino & Spa of Atlantic City, New Jersey has been pushing for some time to see a resolution provided with city officials based on tax refunds. The refunds were due back in December, but t...

Sands China makes decision to roll out salary increase and special bonuses in 2016

Renee Kingsley

February 5, 2016

Latest Casino and Gambling News, China, Economy/Finance, Employment & Careers, Macau

Macau’s casino industry continued to decline in 2015 due to the anti-corruption crackdown and gross gaming revenues plummeted for a second year in a row for all of the major operators, including Sands China Ltd...

US$300m tag for casinos outside Manila set by Philippines

Kim M

February 4, 2016

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Licenses, Asian Casino News, Philippines

In order to ensure that world-class properties are in provincial towns and cities, the Philippines is open to locations outside the capital of Manila receiving gambling licenses at a cost of approximately US$30...

MGM Resorts secures $525 million for National Harbor development

Alex Lanter

February 4, 2016

Latest Casino and Gambling News, Casino project updates, Economy/Finance, Maryland

MGM Resorts revealed in a recent filing that MGM National Harbor LLC secured $525 million funding for the development of the MGM National Harbor gaming facility in Maryland. The project, located near the Potoma...

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DraftKings valuation plunges 60% since DFS legal uncertainty began

Bernstein says, Genting Singapore should outperform

Wildhorse Resort & Casino expands liquor sales; increases gaming age limit

New betting record set during Super Bowl 50 at Nevada Sportsbooks

Ohio racino revenue up 9% in January, casino revenue essentially flat

Cosmopolitan Las Vegas Welcomes High Bet Limits of $200,000

Record number of visitors in Las Vegas in 2015 but gambling loses its luster

OTG considering casino gaming for major U.S. airports

Cali Group closes two VIP gaming rooms

Mohegan Sun Pocono Casino to be reassessed for new value

Winter storm dampens Maryland casino revenue

Borgata Casino continues to push for tax refund resolution

Sands China makes decision to roll out salary increase and special bonuses in 2016

US$300m tag for casinos outside Manila set by Philippines

MGM Resorts secures $525 million for National Harbor development

Thailand Moves Closer to Legalizing Casinos with New Entertainment Complex Law

Florida’s Gambling Overhaul Bill Moves Forward, Drawing Fire from Veterans and Racing Industry

Booming Games Brings Classic Springtime Cheer in Easter Classics Online Slot

Saks Fifth Avenue Drops Plans for Midtown Casino

Aristocrat Nears $1B Acquisition of Interblock to Enter ETG Market