Economy/Finance | World Casino News

Washoe County to take responsibility for back taxes; Reno Casinos avoid paying close to $5 million

April 15, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

An issue with unpaid taxes in Washoe County has now been resolved, as the county has decided to not hold casinos and gambling venues of Reno responsible for $4.8 million due to under collection of taxes. On Tue...

Atlantic City would get 130 days to avoid takeover with new plan

Kim M

April 14, 2016

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

Under a new proposal, Atlantic City has 130 days to devise a plan to fix its finances or the state takes over. Proposed by Democratic State Senate President Steve Sweeney and others on Wednesday, the measure...

MGM and Wynn Macau have stopped providing free shuttle access from March 1

Renee Kingsley

April 14, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

A couple of years ago it would have been inconceivable to think that visitors to Macau would have to pay for a shuttle ride from the ferry terminal to any one of Macau’s casinos. Casinos were happy to invest in...

In first three months of 2016 Ohio casinos generate a hefty $71.2 million

Kim M

April 12, 2016

Latest Casino and Gambling News, Economy/Finance, Ohio

The first three months of 2016 recorded the highest single quarter for Ohio’s four casinos since they opened in 2012; generating $71.2 million for schools, cities and counties. An increase of approximately $...

$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced

Lars Jones

April 11, 2016

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

MGM Growth Properties LLC MGM Resorts International's (nyse:mgm) real estate investment trust (REIT), has announced the terms of its initial public offering (IPO). The REIT will be birthed with a portfolio con...

Indiana casino revenues slightly down in March

Sadonna Price

April 10, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

After starting off strong in 2016, the casinos of Indiana have reported a slight drop in revenues from gaming when compared to the same time frame in 2015. The casinos of the area were able to earn $89.6 millio...

Sun International drops Peermont Group acquisition

Lars Jones

April 8, 2016

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

Wednesday South Africa’s Sun International (JSE: SUI) announced that it planned to halt its R9.5 billion ($623 million) plan to take over rival Peermont Group. South Africa’s Competition Commission recommended ...

Atlantic City casinos report a 40% higher gross operating profit in 2015

Alex Lanter

April 8, 2016

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

Atlantic City had a pretty bad year in 2014 when four of its gaming properties closed their doors for customers. However, as a result, the gaming destination was left with only eight casinos and experts predict...

Genting Malaysia to invest heavily into its Resorts World Genting Casino

Renee Kingsley

April 8, 2016

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

Genting Malaysia Bhd is the parent company of the Resorts World Genting Casino, which is Malaysia’s biggest and only legal casino. Senior executives from Genting Malaysia recently sat down with analysts from th...

Century Casino Central City named “Best Casino in Denver” four years running

Lars Jones

April 7, 2016

Latest Casino and Gambling News, Economy/Finance, Colorado

Century Casinos, Inc. (nasdaq:cnty) announced this week that their award winning Century Casino & Hotel Central City has been named as "Best Casino in Denver" by CityVoter.com. The polling firm tabulated vo...

Christie says Atlantic City’s debt payments wouldn’t be made by him

Kim M

April 7, 2016

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

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca inches closer to financial ruin and a takeover bill gathers dust in the stat...

The Panama Papers; More casino connections: Amaya associates possibly linked

Lars Jones

April 6, 2016

Latest Casino and Gambling News, World Casino News, Economy/Finance, Panama, Tax Evasion, Online Gambling News

This article has been updated. After over more than a year of collaborations by journalists in about 80 countries, three days ago the International Consortium of Investigative Journalists began releasing inf...

Wynn vs Wynn; Queen of Las Vegas files additional documents in Nevada Court

Lars Jones

April 6, 2016

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

Elaine Wynn, who co-founded and helped bring Wynn Resorts (NASDAQ: WYNN) to the top of the gambling world along with ex-husband, Steve Wynn filed supporting documents in a Nevada court Monday looking to back up...

Judge rules in favour of the Borgata Casino and allows four year appeal on Atlantic City property taxes

Renee Kingsley

April 6, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Taxation, Fines, Lawsuits & Litigation, New Jersey

Atlantic City has accumulated a large amount of debt during the last decade due to the collapse of its once vibrant casino industry and owes millions in outstanding payments. The city’s biggest debtor right is ...

Maryland casinos report gains for the fourth straight month

Kim M

April 6, 2016

Latest Casino and Gambling News, Economy/Finance, Maryland

On Tuesday, the Lottery and Gaming Control Agency released figures that show March makes the fourth consecutive month of revenue gains for Maryland casinos. During the month of March, the state’s five casino...

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Washoe County to take responsibility for back taxes; Reno Casinos avoid paying close to $5 million

Atlantic City would get 130 days to avoid takeover with new plan

MGM and Wynn Macau have stopped providing free shuttle access from March 1

In first three months of 2016 Ohio casinos generate a hefty $71.2 million

$975m – $1.2 billion MGM (RIET) IPO set for Friday; Terms announced

Indiana casino revenues slightly down in March

Sun International drops Peermont Group acquisition

Atlantic City casinos report a 40% higher gross operating profit in 2015

Genting Malaysia to invest heavily into its Resorts World Genting Casino

Century Casino Central City named “Best Casino in Denver” four years running

Christie says Atlantic City’s debt payments wouldn’t be made by him

The Panama Papers; More casino connections: Amaya associates possibly linked

Wynn vs Wynn; Queen of Las Vegas files additional documents in Nevada Court

Judge rules in favour of the Borgata Casino and allows four year appeal on Atlantic City property taxes

Maryland casinos report gains for the fourth straight month

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

Indonesia Prepares Stricter Online Gambling Regulation With Focus on Mitigation

Thai Opposition and Civic Groups Push for Casino Bill Withdrawal

Tax Change in Trump’s ‘Big Beautiful Bill’ Could Devastate Professional Gamblers

Santan Mountain Casino Unveils New Bingo Hall with Four-Day Celebration