Economy/Finance | World Casino News

Sihanoukville casino owners suffer losses after Chinese authorities bust alleged extortion ring

November 17, 2015

Cambodia, China, Economy/Finance, Employment & Careers, Asian Casino News, Conspiracy, Racketeering, Crime

The casino industry in Cambodia has grown rapidly during the last eighteen months and one of the main reasons for that growth is due to the influx of gamblers from Mainland China. The Cambodian government and C...

Atlantic City sees slight decrease in casino revenue

Sadonna Price

November 15, 2015

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

The New Jersey Division of Gaming Enforcement released the figures for the month of October in regards to the revenues earned by the casinos of Atlantic City. Based on the information, the casinos earned 1.3% l...

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Lars Jones

November 14, 2015

Latest Casino and Gambling News, Casino News, China, New Hotels, Casino project updates, Bahamas, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy

The $3.5 billion Baha Mar Resort in the Bahamas was so close to opening in March that people were booking rooms. However disputes between the developer, contractor, and financier resulted in a construction slow...

Union looks to stall Station Casino IPO citing Deutsche Bank non-disclosures

Renee Kingsley

November 13, 2015

U.S.A., Las Vegas, Gaming Law & Legislation, Economy/Finance, Labor Relations, Fines, Lawsuits & Litigation, Nevada

Station Casinos was founded by Frank Fertitta Jr in 1976 and has built a strong presence in Nevada during the last forty years. The company which is still run by the Fertitta family currently operates 19 casino...

Caesars upbeat; cites Cherokee Valley River and new social environments for millennials

Lars Jones

November 12, 2015

Casino News, Latest Casino and Gambling News, Tribal Gaming, Las Vegas, Economy/Finance, Bankruptcy, Nevada, North Carolina

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Caesars Entertainment Corp. took more than a three-quarter billion dollar hit on their third quarter financials due to costs associated with the restructuring of a bankrupt subsidiary, promising nearly $1 billi...

Harbinger Capital invests another $50 million into Vietnam’s Ho Tram Strip

Renee Kingsley

November 12, 2015

Casino News, Casino expansion projects, Economy/Finance, Asian Casino News, Vietnam

Vietnam’s casino industry has blossomed over the last couple of years as the government continues to encourage foreign investment in the sector. The biggest addition to the Vietnamese casino scene is the Ho Tra...

James Packer bumps ownership in Crown Resorts to 53.1 percent

Lars Jones

November 11, 2015

Australia, Casino News, Economy/Finance, Macau, Mergers, Acquisitions & Partnerships

After a peak price of $18 per share in January 2014, James Packer scooped up 18 million shares in his casino resort company yesterday at a bargain price of $12 each, paying a slight premium over Tuesday's close...

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Renee Kingsley

November 11, 2015

China, Gaming Industry News, Economy/Finance, Asian Casino News, Macau

Melco Crown Entertainment recently opened its $3.2 billion Studio City casino resort in Macau and was forced to make a number of changes to its operation strategy due to the decline in Macau’s gambling revenues...

Revenues increase for Ohio casinos and racinos

Sadonna Price

November 10, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Ohio

On Monday, gaming regulators in the state of Ohio released the reports for earnings of the 13 gambling facilities in the state, seeing a nice increase in overall revenues when compared to October of last year. ...

Stockton University reveals buyer identity and makes new agreement for sale of former Showboat casino

Renee Kingsley

November 10, 2015

U.S.A., New Hotels, Casino closures, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

Stockton University has been trying for a number of months to sell the former Showboat casino in Atlantic City after the university realized in retrospect that it had made a bad decision in purchasing this casi...

Mesquite casino takes a gamble on employee ownership

Kim M

November 8, 2015

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

Owners of Nevada’s Eureka Casino Resort are introducing an intriguing business strategy by converting the casino-resort’s retirement account into an Employee Stock Ownership Plan (ESOP). Just off I-15 in Mes...

Cherokee County signs agreement to cover legal costs related to Kansas Crossing Casino

Lars Jones

November 7, 2015

Casino News, Latest Casino and Gambling News, Casino project updates, Economy/Finance, Licenses, Fines, Lawsuits & Litigation, Kansas

As is often the case after competing entities invest millions of dollars in casino proposals, and all but one have no hope of recouping their gamble, Kansas Crossing Casino - who won the bid for a state-owned c...

Time running out for Christie to act on casino bills

Lars Jones

November 7, 2015

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

Governor Chris Chistie of New Jersey has not yet said whether he will veto or sign into a law important legislation that would help struggling casinos in Atlantic City. New Jersey law dictates that the governor...

Stockton’s sale of Showboat to Blatstein delayed until January

Lars Jones

November 7, 2015

Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

Stockton University announced Friday that their sale of the former Showboat Casino to Philadelphia developer, Bart Blatstein which was expected to wrap up Monday, will be delayed until mid January. The news was...

Four Winds Casino Resort corrects credit card incident

Sadonna Price

November 7, 2015

Latest Casino and Gambling News, Tribal Gaming, Casino News, Hacking, Economy/Finance, Data Protection, Michigan

Four Winds Casino Resort reported on October 2nd that a financial institution had experienced issues with payment cards where the bank detected a pattern of charges on the cards that were unauthorized. The card...

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Sihanoukville casino owners suffer losses after Chinese authorities bust alleged extortion ring

Atlantic City sees slight decrease in casino revenue

Sun City, Mohegan Sun founder Kerzner may take over Baha Mar

Union looks to stall Station Casino IPO citing Deutsche Bank non-disclosures

Caesars upbeat; cites Cherokee Valley River and new social environments for millennials

Harbinger Capital invests another $50 million into Vietnam’s Ho Tram Strip

James Packer bumps ownership in Crown Resorts to 53.1 percent

Melco Crown Entertainment CEO Lawrence Ho says Macau VIP market will never be the same again

Revenues increase for Ohio casinos and racinos

Stockton University reveals buyer identity and makes new agreement for sale of former Showboat casino

Mesquite casino takes a gamble on employee ownership

Cherokee County signs agreement to cover legal costs related to Kansas Crossing Casino

Time running out for Christie to act on casino bills

Stockton’s sale of Showboat to Blatstein delayed until January

Four Winds Casino Resort corrects credit card incident

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

Macau’s Mass Market Gaming Dominates 1Q25, But Revenue Growth Slows

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