Economy/Finance | World Casino News

Extra day in February plus Super Bowl help Nevada boost gambling revenue earnings

March 31, 2016

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

February turned out to be a great month in the state of Nevada as casinos were able to see an increase in revenues thanks to an extra day on the calendar for leap year as well as the Super Bowl. The state was a...

MGM Growth Properties files IPO; Expects to raise $100 million

Alex Lanter

March 25, 2016

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

In October, 2015, MGM revealed plans of starting a real estate investment trust (REIT) called MGM Growth Properties. Several months later, in its Tuesday Securities and Exchange Commission filing, the company a...

Nevada Gaming Commission does not require privately owned casinos to report public earnings anymore

Renee Kingsley

March 21, 2016

Las Vegas, Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Taxation, Nevada

Nevada’s casino industry generates billions of dollars for the state and is subjected to strict regulations that required all casinos to publically declare their earnings to ensure that their books are open to ...

Macau junket operators not interested in setting up services in new Cotai venues

Sadonna Price

March 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

With new casinos coming to the Cotai, it would seem that junket operators of Macau would be interested in offering their VIP services in the area. However, this is not the case. Junket operators are having a ha...

UK free bet tax may extend to online casinos, bingo rooms in 2017

Lars Jones

March 18, 2016

Latest Casino and Gambling News, Economy/Finance, Mobile gaming, Taxation, United Kingdom

Online casinos and bingo rooms licensed in the United Kingdom may need to adjust their budgets and promotions to take into account a 15% general betting duty to be levied on them beginning August 17, 2017. Chan...

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

Lars Jones

March 16, 2016

Latest Casino and Gambling News, North America Casino News, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

The long awaited report from former Watergate prosecutor, Richard J. Davis on whether Caesars (CEC) TPG LP, and Apollo Global Management hurt their now bankrupt operating unit, Caesars Entertainment Operating ...

Atlantic City casino revenue up 14.7% in February

Kim M

March 15, 2016

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

Atlantic City’s casinos managed to wrangle 14.7 percent more from gamblers in February than they did last year. The state Gaming Enforcement Division released figures on Monday that show the New Jersey resor...

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Lars Jones

March 15, 2016

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

HVS Capital Corp. has just announced that the Grand Lucayan Resort complex, which includes the Treasure Bay Casino is to be sold in a Sealed Bid Auction. The assets can be purchased in whole or in part and ther...

Neptune Group says VIP crisis inescapable

Kim M

March 15, 2016

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

Gaming promoter, Neptune Group, says that the crisis that has hit the gaming sector hard has rendered the territory’s existing VIP junket model no longer sustainable. The company said in an interim report fi...

February sees 5.8 percent decline for Baton Rouge casino riverboat winnings

Kim M

March 15, 2016

Latest Casino and Gambling News, Economy/Finance, Louisiana

Numbers in the plus column at Baton Rouge’s three riverboat casinos declined by a combined 5.8 percent in February, as all but one of Louisiana's gambling markets witnessed a decrease in revenues from the year ...

Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc.

Kim M

March 14, 2016

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

A 41 percent increase in consolidated revenue has been reported by Pan-Asia focused Entertainment Gaming Asia Inc. for the 2015 fiscal year, at $31.5 million. The company attributes the rise to increases in gam...

Casinos in Gauteng, South Africa could end up paying higher taxes very soon

Renee Kingsley

March 14, 2016

Gaming Law & Legislation, South Africa, Economy/Finance, African Casino News, Taxation

Casinos in Gauteng, South Africa have been subjected to paying the government just 9 percent in gaming taxes for close to a decade. They were informed last week that their tax rates could be significantly highe...

Ninefold profit boost posted for Colorado Springs casino company

Kim M

March 13, 2016

Latest Casino and Gambling News, Canada, Economy/Finance, Colorado

On Friday, Colorado Springs, Colorado-based gaming company, Century Casinos Inc., reported that its 2015 profits increased by more than nine times compared with 2014. The company attributes the hike in part to ...

Macau gaming firm believes room prices will become competitive while price war not imminent

Sadonna Price

March 13, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

As the Macau gaming industry flounders, operators are trying to determine what to do to bring in gamblers. The Las Vegas Sands Corp. President and Chief Operating Officer, Robert Goldstein, has stated that gami...

February casino market led by River City & Casino Queen

Kim M

March 12, 2016

Latest Casino and Gambling News, Economy/Finance, Illinois, Missouri

Gambling figures for the state released Thursday show revenue rises in the double digits at River City and the Casino Queen, both leading the St. Louis casino market’s strong performance in February. Leading...

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Extra day in February plus Super Bowl help Nevada boost gambling revenue earnings

MGM Growth Properties files IPO; Expects to raise $100 million

Nevada Gaming Commission does not require privately owned casinos to report public earnings anymore

Macau junket operators not interested in setting up services in new Cotai venues

UK free bet tax may extend to online casinos, bingo rooms in 2017

Caesars hurt operating company and creditors; Plausible claims of $3.6b to $5.1billion

Atlantic City casino revenue up 14.7% in February

Bahamas Grand Lucayan Resort & Casino to be sold at auction

Neptune Group says VIP crisis inescapable

February sees 5.8 percent decline for Baton Rouge casino riverboat winnings

Increase of 41 percent in revenue in 2015 reported by Entertainment Gaming Asia Inc.

Casinos in Gauteng, South Africa could end up paying higher taxes very soon

Ninefold profit boost posted for Colorado Springs casino company

Macau gaming firm believes room prices will become competitive while price war not imminent

February casino market led by River City & Casino Queen

Maryland Judge Rejects Kalshi’s Bid to Block State Gambling Laws; Denies Motion for Preliminary Injunction

Marina Bay Sands Penalized for Breaching Singapore Casino Promotion Rules

Macau Casinos Achieve Record Post-Pandemic Gaming Revenues in July 2024

Tribal Gaming Revenue Hits Record $43.9 Billion in 2024

Star Entertainment’s Queen’s Wharf Sale Collapses, Company Faces Financial Strain