Economy/Finance | World Casino News

Machine repo, reported sabotage and more threaten Baha Mar Casino

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

Online gaming software, Latest Casino and Gambling News, 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...

Borgata to earn $63 million due to overcharges in casino property taxes

Sadonna Price

July 7, 2015

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

A state appeals panel of New Jersey recently found that Atlantic City had overcharged the Borgata casino of property taxes and will now have to pay around $63 million to the gambling property. The ruling found ...

MGM Resorts International lobbying Georgia with billion dollar Atlanta casino in mind

D. Graham

July 7, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Economy/Finance, Taxation, Georgia

2

The Atlanta Journal-Constitution reports that MGM Resorts International has recently hired five lobbyists to advocate on their behalf. This action correlates with the introduction of House Bill 677, intended to...

Macau’s mass revenue in June is now the lowest revenue since 2012

Renee Kingsley

July 6, 2015

Casino expansion projects, Gaming Industry News, Economy/Finance, Macau, Asian Casino News

Macau’s casino revenues continue to plummet with every passing month causing serious concern to casino’s and shareholders. Sterne Agee CRT reported that casinos had a tough month in June and mass revenue had dr...

Plainridge Park Casino rakes in over $6 million in revenue first week

Lars Jones

July 4, 2015

Latest Casino and Gambling News, Casino openings, Economy/Finance, Massachusetts

In the first week of operations, the first of four casinos planned for Massachusetts raked in over six million dollars of gambling revenue. Plainridge Park, a slots-only casino attached to the racecourse in Pl...

Macau executive council introduces new tobacco control bill

Renee Kingsley

July 1, 2015

Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Macau

Macau was once a gambling haven as casinos provided gamblers with VIP treatment in order to attract them and keep their business. Smoking wasn’t considered a luxury but a basic right in casinos until Macau deci...

Casino stocks increase after Macau announces new visa rules

Renee Kingsley

July 1, 2015

Gaming Law & Legislation, China, Gaming Industry News, Money Laundering, Economy/Finance, Macau, Asian Casino News, Crime, Racketeering, Financial Fraud

Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some of the biggest casino brands in the world like the Las Vegas Sands Corp., MGM Resorts International ...

Bank of New York Mellon attempts to intervene in former Revel casino dispute

Renee Kingsley

June 30, 2015

Gaming Law & Legislation, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Licenses, Florida, Labor Relations, Fines, Lawsuits & Litigation, New Jersey

The dispute between the new owners of the former Revel casino and the ACR Energy Partners continues to go on as both parties are unable to reach a mutual agreement. ACR Energy Partners used to be the sole power...

Crackdown on junket operators causes Macau hotel prices to plummet

Sam Mitchell

June 29, 2015

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

1

Hotel rooms are in excess in Macau due to the Chinese government crackdown on Junkets. About 80 to 90 percent of booked rooms are made through Junkets. Their dealings with VIP and high rollers helped keep the p...

Pittsburgh Mayor threatens to sue for $11.4 million casino cash overdue

Sam Mitchell

June 29, 2015

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

On June 26th 2015, the mayor of Pittsburgh, Bill Peduto has threatened to take legal action against an authority that is the overseer of the city finances. The mayor is demanding that $11.4 million of gambling ...

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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

Borgata to earn $63 million due to overcharges in casino property taxes

MGM Resorts International lobbying Georgia with billion dollar Atlanta casino in mind

Macau’s mass revenue in June is now the lowest revenue since 2012

Plainridge Park Casino rakes in over $6 million in revenue first week

Macau executive council introduces new tobacco control bill

Casino stocks increase after Macau announces new visa rules

Bank of New York Mellon attempts to intervene in former Revel casino dispute

Crackdown on junket operators causes Macau hotel prices to plummet

Pittsburgh Mayor threatens to sue for $11.4 million casino cash overdue

Rei do Pitaco Joins Brazil’s Regulated Sports Betting Market

Rush Street Interactive Expands Board With Thomas Winter Appointment

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella

Connecticut Sets New Record With $30.3M in Sports Betting Revenue for November