Economy/Finance | World Casino News

Galaxy to take stake in Monaco casino operator

July 25, 2015

Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Monaco

Galaxy Entertainment Group Ltd. is taking a 5 percent stake in a Monaco hotel and casinos operator established in 1863. The shares in Societe des Bains de Mer et du Cercle des Etrangers a Monaco (SBM) are being...

Hilton forced to shutdown Puerto Rico hotel casino due to the country’s economic crisis

Renee Kingsley

July 23, 2015

U.S.A., Casino News, Gaming Industry News, Casino closures, Economy/Finance, Unlicensed Operation, Puerto Rico

The Condado Plaza Hilton in Puerto Rico is one of the biggest and most popular hotels on the Island and has been operating for the past forty years. The hotel attracts thousands of tourists each year as it is l...

Alabama Governor says Poarch Creek Indians have not made a $250 million offer

Renee Kingsley

July 22, 2015

U.S.A., Gaming Law & Legislation, Tribal Gaming, Casino expansion projects, Alabama, Gaming Industry News, Economy/Finance, Licenses

The state of Alabama has struggled financially over the last twelve months and the government has found it difficult to meet its budgeted expectations. The Poarch Band of Creek Indians in Alabama came forward l...

Mid-year Delaware online gambling numbers mixed; Lower 2Q

Kim M

July 21, 2015

Latest Casino and Gambling News, Gaming Industry News, Online Poker, Economy/Finance, Licensed online casinos in USA, Delaware, Online Gambling News

The state of Delaware, one of the few states that offer legalized online gambling, has experienced a two month decline in revenue for the three locations in the state where regulated online poker is legal. Harr...

Caesars new CEO Mark Frissora’s blamed for accounting failures at Hertz

Renee Kingsley

July 21, 2015

U.S.A., Las Vegas, Gaming Industry News, Economy/Finance, Employment & Careers, Conspiracy, Fines, Lawsuits & Litigation

Mark Frissora holds an impressive resume and that was one of the reasons why he was hired to be the new chief executive officer at Caesars Entertainment Corp. Frissora’s past includes being the chief executive ...

34 gambling establishments apply for South Korea casino licenses

Renee Kingsley

July 20, 2015

Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, South Korea

The Asian gaming boom continues even as revenues shrink in flagship Macau. Seeing massive tax possibilities and tourism benefits, coupled with an exodus of VIPs from Macau, several Asian countries including Vie...

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Renee Kingsley

July 20, 2015

Gaming Law & Legislation, Casino News, Casino openings, Gaming Industry News, Casino project updates, Bahamas, Caribbean Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

When Sarkis Izmirlian proposed to set up a mega resort in the Bahamas, the country opened its doors as the $3.5 billion resort was expected to boost tourism, bring in significant revenue and provide employment ...

Cambodian gaming tax revenue Up 20% first 6 Months

Lars Jones

July 18, 2015

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

The Cambodian Daily is reporting that gaming tax revenue increased year on year a full 20% in the first half of 2015 to $12 million. A Finance Minister is cited as saying that the increase is due to an increase...

Macau 2Q financial reports show casino profits continuing to fall

D. Graham

July 18, 2015

Latest Casino and Gambling News, China, World Casino News, Money Laundering, Economy/Finance, Macau, Asian Casino News

GGRAsia reports that Macau’s second quarter VIP baccarat gaming revenue has fallen 42.2 percent, almost $4 billion U.S., compared to last year’s earnings. Casino gross gaming revenue (GGR) overall for the first...

Machine repo, reported sabotage and more threaten Baha Mar Casino

Sadonna Price

July 16, 2015

Latest Casino and Gambling News, Casino project updates, Bahamas, Economy/Finance, Bankruptcy

The Baha Mar Casino and Hotel is not doing well, with severe issues threatening the facility. Just this week, Baha Mar was confronted by a gambling supplier seeking to repossess gaming equipment at the facility...

NetEnt reports revenue increase of 32.3% for 2nd quarter 2015

Kim M

July 14, 2015

Latest Casino and Gambling News, Economy/Finance, United Kingdom

Per Eriksson, CEO of NetEnt, a gaming solutions provider, announced a 32.3 percent increase in SEK and 28.2 percent in EUR 2015 second quarter revenue compared to the corresponding quarter last year. Increas...

Vingroup plans to construct mega casino resort in Hai Phong, Vietnam

Renee Kingsley

July 14, 2015

Casino proposals, Casino openings, China, Gaming Industry News, Economy/Finance, Macau, Asian Casino News, Vietnam

Vingroup, one of the largest real estate firms in Vietnam, recently announced that they planned to construct a mega-casino resort estimated to be around $870 million in Hai Phong. This resort island project wil...

GVC offers $1.4 billion for Bwin.party; 888 still in the running

Lars Jones

July 13, 2015

Latest Casino and Gambling News, Online gaming software, Canada, World Casino News, Economy/Finance, Online Poker, European Casino News, Sports betting, Mergers, Acquisitions & Partnerships

Last week Bwin.Party Digital Entertainment Plc confirmed that GVC Holdings Plc has made an offer to buy. The deal is reportedly worth US$1.4 billion (GBP908 million) in cash and stock. That amounts to US$1.71 (...

1st Gaming Congress Kazakhstan begins in Almaty August 20th

Lars Jones

July 10, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Armenia, Online gambling regulation, Economy/Finance, Kazakhstan, Conferences / Trade Shows, Kyrgyzstan, Taxation, Russia, Russia, Ukraine

The gambling industry is growing in what are now known as the The Commonwealth of Independent States (CIS). The CIS consists of the former Soviet Republics of Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova, ...

Tourism improvement committee to be created for Southern Nevada

Sadonna Price

July 7, 2015

Latest Casino and Gambling News, Economy/Finance, Nevada

Just yesterday, the governor of Nevada signed an executive order which will see a new committee formed to work on tourism in the southern portion of the state. The committee will be working on projects to prior...

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Galaxy to take stake in Monaco casino operator

Hilton forced to shutdown Puerto Rico hotel casino due to the country’s economic crisis

Alabama Governor says Poarch Creek Indians have not made a $250 million offer

Caesars new CEO Mark Frissora’s blamed for accounting failures at Hertz

34 gambling establishments apply for South Korea casino licenses

$3.5 billion Baha Mar Resort may be seized by the Bahamas PM

Cambodian gaming tax revenue Up 20% first 6 Months

Macau 2Q financial reports show casino profits continuing to fall

Machine repo, reported sabotage and more threaten Baha Mar Casino

NetEnt reports revenue increase of 32.3% for 2nd quarter 2015

Vingroup plans to construct mega casino resort in Hai Phong, Vietnam

GVC offers $1.4 billion for Bwin.party; 888 still in the running

1st Gaming Congress Kazakhstan begins in Almaty August 20th

Tourism improvement committee to be created for Southern Nevada

Lion Saga Odyssey: A New Gaming Expedition from Play’n GO

Sports Betting Narrowly Approved in Missouri Amid High-Profile Campaigns

FanDuel Fined $10,000 for Prohibited Bets in Massachusetts

Resorts World Las Vegas Strengthens Leadership with New CEO and Board Appointment

NBA Partners with Sands China to Host Pre-Season Games in Macau Starting 2025