Economy/Finance | World Casino News

North New Jersey proposed casinos could be successful; may harm older casinos in other states

February 22, 2016

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

Officials of the gambling industry and gaming analysts are predicting that if New Jersey is able to set up two new casinos in the northern portion of the state, they will be successful. The casinos could actual...

Gulf casino’s January revenue up 15 percent

Kim M

February 21, 2016

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

Mississippi's Gulf Coast casino’s January revenue of $100.5 million, which is a $13 million increase over the $87.3 million posted for the same period last year, means a 15 percent increase for the region’s cas...

Market uncertainty causes MGM Resorts to delay Cotai opening

Kim M

February 20, 2016

Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Macau, Asian Casino News

On Thursday MGM Resorts International said that due to the struggling casino business in Macau and the planned openings in the region of other multi-billion dollar resorts, it would delay the opening of its $3 ...

Resorts World Sentosa lays off casino employees

Sadonna Price

February 19, 2016

Latest Casino and Gambling News, Economy/Finance, Labor Relations, Singapore

During the period of Chinese New Year, Resorts World Sentosa decided to lay off as many as 30 employees. In Singapore, the casino decided to cut several staff members including cashiers on the gaming floor as w...

New Jersey lawmakers announce ‘intervention’ of Atlantic City

Sadonna Price

February 18, 2016

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

Lawmakers in the state of New Jersey have been trying for months now to figure out a way to assist Atlantic City, as the former booming gambling town has been struggling to remain afloat, almost in bankruptcy. ...

Michigan State earns $21.9 million from FireKeepers Casino in revenue-sharing payments

Kim M

February 18, 2016

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

In 2015, the state of Michigan and area municipalities received $21.9 million in revenue-sharing payments from the FireKeepers Casino Hotel. That’s a 7.8 percent increase for the year totaling $16.6 million ...

Casinos in Montana flourish in highly competitive market

Kim M

February 17, 2016

Latest Casino and Gambling News, Casino proposals, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Montana

The building of a new Town Pump Casino in the Billings Heights has recently been approved by the Billings City Council; a nod that was met with groans online. More than 1,400 licensed gambling operations, wi...

Revenue increases at Plainridge casino in January

Kim M

February 17, 2016

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Massachusetts

January numbers are on the rise at Massachusetts first casino. Slot machines at Plainridge Park Casino pulled in $12.5 million in gross revenues in January, according to a report (pdf) on Tuesday from the Ma...

High-Rollers earn incredible wins at The Star Sydney

Sadonna Price

February 17, 2016

Latest Casino and Gambling News, Australia, Economy/Finance

During a six month time frame, The Star Casino in Sydney, Australia saw six VIP gamblers earn close to A$80 million, by playing baccarat and beating the house time after time. The high rollers would wager as mu...

Las Vegas authorized to receive special federal security funding to protect $53 billion casino industry

Renee Kingsley

February 16, 2016

Economy/Finance, Nevada

Las Vegas, Nevada officials have been pushing hard to get additional security due to the fact that the state’s multi-billion dollar casino industry could be a soft spot for an organized terrorist attack. The De...

Genting Massachusetts to assist Mashpee Wampanoag tribe’s $500 million casino resort

Kim M

February 16, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino News, North America Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Massachusetts

According to Maybank (Malayan Banking Berhad), in return for managing fees and interest income, Genting Massachusetts may help the Mashpee Wampanoag tribe build and manage its $500 million First Light Resort an...

Poker revenue decline doesn’t stop New Jersey iGaming from setting new revenue record

Sadonna Price

February 13, 2016

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

The New Jersey Division of Gaming Enforcement has released the latest figures for the online gambling industry, which shows the state has seen a nice increase with year-on-year totals. For the month of January,...

Wynn Macau reveals a 27% drop in fourth quarter operating revenues

Alex Lanter

February 12, 2016

Latest Casino and Gambling News, Economy/Finance, Macau, Financial Press Releases

Wynn Resorts Macau published a net revenue report that reveals a drastic drop of 27% for the fourth quarter of 2015. The total amount the operator generated is $555.7 million, whereas during the same period in ...

First half of 2016 expected to see 30 percent net income hike for SkyCity

Kim M

February 11, 2016

Latest Casino and Gambling News, Casino News, World Casino News, New Zealand, Gaming Industry News, Economy/Finance, Oceania Casino News

As it benefits from improved trading, first-half profits are expected to rise as much as 30 percent for New Zealand’s only listed casino company, SkyCity Entertainment Group. The company cited lower funding ...

Pennsylvania Governor Tom Wolf proposes 8% tax on free-play slot credits

Sadonna Price

February 11, 2016

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

Governor Tom Wolf of Pennsylvania unveiled his budget plans this week, for the 2016-2017 fiscal year. The plans were released even though Wolf and the legislators of the state have yet to come to an agreement o...

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North New Jersey proposed casinos could be successful; may harm older casinos in other states

Gulf casino’s January revenue up 15 percent

Market uncertainty causes MGM Resorts to delay Cotai opening

Resorts World Sentosa lays off casino employees

New Jersey lawmakers announce ‘intervention’ of Atlantic City

Casinos in Montana flourish in highly competitive market

Revenue increases at Plainridge casino in January

High-Rollers earn incredible wins at The Star Sydney

Las Vegas authorized to receive special federal security funding to protect $53 billion casino industry

Genting Massachusetts to assist Mashpee Wampanoag tribe’s $500 million casino resort

Poker revenue decline doesn’t stop New Jersey iGaming from setting new revenue record

Wynn Macau reveals a 27% drop in fourth quarter operating revenues

First half of 2016 expected to see 30 percent net income hike for SkyCity

Pennsylvania Governor Tom Wolf proposes 8% tax on free-play slot credits

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida

Kentucky’s Largest Retail Sportsbook Set to Open at The Mint Gaming Hall