Economy/Finance | World Casino News

Saratoga Casino & Raceway secures financing to bolster $39.3 million expansion

January 13, 2016

Latest Casino and Gambling News, Horse Racing, Casino expansion projects, New Hotels, Economy/Finance, New York

The Saratoga Casino and Raceway of New York is planning an expansion that has a price tag of $39.3 million. The venue, located in Saratoga Springs, has been able to secure a $15 million loan for construction fr...

Northwest Indiana casinos continue to stay even with gaming revenues

Sadonna Price

January 11, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

The casinos located in the northwest portion of Indiana continued to do well in 2015, closing out the year with a strong December. With the month’s end, the state saw a gaming revenue total that almost matched ...

Non-gaming amenities keep Nevada casinos revenue more stable

Sadonna Price

January 10, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

The past few years have been hard on the state of Nevada in regards to the casino industry. Having been in the red for several years, the state lost $662 million in 2015 and continues to see a downward trend wh...

Is future technology industry advantageous for Nevada’s gaming industry?

D. Graham

January 8, 2016

Las Vegas, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Economy/Finance, Nevada

While major Nevada casino stakeholders have been heavily investing in the emerging Asian gambling markets, one Chinese entrepreneur is betting on the future of electric cars – and investing (to the tune of US $...

High stakes north Jersey casino proposals, more set for action next week

Lars Jones

January 8, 2016

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

Two competing proposals to allow voters to decide whether or not to expand casino gambling beyond Atlantic City, New Jersey will be voted on in their respective chambers Monday. January 11 is the end of this le...

Judge refuses to toss Seminole Tribe lawsuit, poll finds wide support for compact

Lars Jones

January 8, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino News, Economy/Finance, Florida, Fines, Lawsuits & Litigation

The Seminole Tribe of Florida found a friend in court Wednesday when a federal judge rejected the State of Florida's bid to end an ongoing lawsuit filed by the tribe. U.S. District Judge Robert Hinkle refused t...

Bwin and GVC set takeover date for February 1, stock release Feb 2

Lars Jones

January 6, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

GVC Holdings will take over bwin.party in a £1.1 billion (about $1.61 billion) to be completed on February 1, 2016. In spite of being hammered by the impacts of a 3% EU VAT, bwin.party posted a revenue increase...

Imperial Pacific reports US$1.44 billion rolling at Saipan temporary casino in December

Lars Jones

January 5, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Northern Mariana Islands, Saipan

Although a slight drop from the stunning November debut, Best Sunshine (Imperial Pacific) said in a filing with the Hong Kong Stock Exchange that rolling chips totaled nearly one and a half billion in USD for ...

Financing woes; Closed Atlantic Club casino back on the market

Lars Jones

January 5, 2016

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

The Atlantic Club was the first of four casinos top close-up shop in Atlantic City in 2014 and now plans to turn the property into a water park and recreation center have been put on hold, perhaps permanently. ...

Caesars Entertainment Corp case with bondholders to go to trial

Sadonna Price

January 5, 2016

Latest Casino and Gambling News, U.S.A., Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Bondholders’ involved in a case against Caesars Entertainment Corp lost the opportunity for an early resolution in a lawsuit after a United States District Judge ruled in the casino’s favor. The case will go to...

Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

Lars Jones

December 31, 2015

Casino News, Latest Casino and Gambling News, China, New Hotels, Casino project updates, Economy/Finance, Russia, Russia

In spite of several unavoidable delays, Tigre de Cristal Casino opened its doors on October 8, 2015 and is operating smoothly with landmark business in Russia's Far East. The Lawrence Ho creation (son of Maca...

Massachusetts Gaming Commission Chair defends Plainridge Park performance to date

Lars Jones

December 31, 2015

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

Massachusetts Gaming Commission Chairman, Stephen Crosby has published a blog post on the MGC website disputing conclusions drawn by media in regard to gaming revenue performance at Plainridge Park Casino - the...

New tourism record, gaming spikes in Las Vegas revenues

Alex Lanter

December 31, 2015

Las Vegas, Latest Casino and Gambling News, World Casino News, Economy/Finance, Nevada

Figures published by the Nevada Gaming Control Board revealed that the state generated a $944.3 million gaming revenue, which shows a 7.8% improvement in comparison to November, 2014. The record high sports bet...

“M.Y. China” restaurant closed at Graton Casino

Lars Jones

December 30, 2015

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

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Fans of Yan Can Cook will be disappointed to hear that celebrity chef Martin Yan has closed his Graton Resort restaurant, M.Y. China. Now they'll have to go to a downtown San Francisco mall to enjoy his popular...

Macau gross gaming revenue drops for 35%

Alex Lanter

December 30, 2015

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

Macau, once a successful gaming heaven, noted a sharp gross gaming revenue drop of 35.3% for the first 11 months of 2015 compared to the same period last year. This data was released by the city’s gaming regula...

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Saratoga Casino & Raceway secures financing to bolster $39.3 million expansion

Northwest Indiana casinos continue to stay even with gaming revenues

Non-gaming amenities keep Nevada casinos revenue more stable

Is future technology industry advantageous for Nevada’s gaming industry?

High stakes north Jersey casino proposals, more set for action next week

Judge refuses to toss Seminole Tribe lawsuit, poll finds wide support for compact

Bwin and GVC set takeover date for February 1, stock release Feb 2

Imperial Pacific reports US$1.44 billion rolling at Saipan temporary casino in December

Financing woes; Closed Atlantic Club casino back on the market

Caesars Entertainment Corp case with bondholders to go to trial

Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

Massachusetts Gaming Commission Chair defends Plainridge Park performance to date

New tourism record, gaming spikes in Las Vegas revenues

“M.Y. China” restaurant closed at Graton Casino

Macau gross gaming revenue drops for 35%

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

ACMA Cracks Down on Four Betting Services Over BetStop Violations