Economy/Finance | World Casino News

Nevada revenues decrease for month of May

July 1, 2016

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

The casino revenue numbers for the state of Nevada are down for the month of May, with the Nevada Gaming Control Board reporting $958 million in earnings which is a 4.53% decrease from May of 2015. Despite the ...

KPMG releases Gibraltar eGaming Summit report

Lars Jones

June 30, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Technology, Economy/Finance, Conferences / Trade Shows, Taxation, Gibraltar

The KPMG eGaming Summit was held at the Sunborn Hotel in Gibraltar on 21st April, and featured about 30 keynote speakers and 250 delegates. KPMG has now released a 52 page report which covers the various panel ...

Prime Minister agrees plan to salvage The Baha Mar Casino And Hotel

Adam Morgan

June 30, 2016

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

The Prime Minister of the Bahamas, Perry Christie, has announced that his government has entered into a “framework agreement” to complete construction on The Baha Mar Casino And Hotel “as expeditiously as possi...

Cuyahoga County Council approves using casino tax revenue for new grant program

Kim M

June 30, 2016

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

Discussions regarding a grant program began in January, and on Tuesday the Cuyahoga County Council in Ohio voted to create the Community Development Supplemental Grant program, with an agreed upon $1 million an...

Arizona tribe making good on its promises

Adam Morgan

June 30, 2016

Latest Casino and Gambling News, Tribal Gaming, Arizona, Economy/Finance, Taxation

The Tohono O’Odham Nation of Arizona has made a $1.2 million payment to the city of Glendale as part of an agreement it signed two years ago before opening its Desert Diamond West Valley Casino And Resort. C...

Amaya holds annual general meeting in private

Adam Morgan

June 29, 2016

Latest Casino and Gambling News, Canada, Online Poker, Economy/Finance, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud

Tuesday saw online gaming firm Amaya hold its annual general meeting (AGM) behind closed doors as it continued to evaluate takeover offers including one headed by its under-investigation former Chairman and Chi...

Local Governments received over $1.7 billion from Northwest Indiana Casinos

Renee Kingsley

June 29, 2016

Latest Casino and Gambling News, Casino expansion projects, Economy/Finance, Indiana

The casino industry generally receives a bad rap from anti-casino groups as they believe the industry causes more harm than good to the local communities. Many anti-gambling activists believe that the presence ...

Gambling on casino cash too risky say Niagara Falls officials

Kim M

June 27, 2016

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

With the support of a fellow councilman, Niagara Falls City Council Chairman Andrew Touma continues his efforts to push two budget suggestions; one to retain the city’s $1.5 million annual allocation to USA Nia...

Mississippi casino gaming revenues fall 4% for month of May

Sadonna Price

June 26, 2016

Latest Casino and Gambling News, Economy/Finance, Mississippi

Information on revenues earned during the month of May by casinos in the state of Mississippi has been revealed and findings show the state has seen a decrease in overall gaming revenues. The results of both la...

Saipan casinos predicted to pay out at least $33.6 million in tax next year

Adam Morgan

June 25, 2016

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

The Commonwealth Casino Commission for the Commonwealth Of The Northern Mariana Islands has predicted that it will pay out at least $33.6 million in tax over the next fiscal year from VIP gamblers at casinos on...

Tropicana continues investing for success

Adam Morgan

June 24, 2016

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

The Tropicana Casino And Resort Atlantic City has recently completed a $40 million renovation project after spending close to $50 million last year on a similar upgrade that saw it premiere new-look hotel rooms...

Successful year for the Malta Gaming Authority

Adam Morgan

June 24, 2016

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

The Malta Gaming Authority has published its audited financial results for 2015 showing that the nation posted a 4.3% increase year-on-year in total revenues from gaming to €60.9 million ($67.2 million). The...

Taiwan Government could consider licensing casinos in order to boost local economy

Renee Kingsley

June 24, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Taiwan, China, Economy/Finance

1

The Democratic Progressive Party (DPP) ,which is Taiwan’s current governing party, has been a strong opponent of the casino industry for a number of years and has not been in favor of licensing casinos on Taiwa...

Western Australia urged to launch High Court action

Adam Morgan

June 23, 2016

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

In Australia, a federal Member Of Parliament (MP) has called on Western Australia to launch a High Court challenge designed to force states that earn billions of dollars from gambling taxes to hand back more mo...

Macau Jockey Club revenues continue 10 year slide; New strategies to be developed

Martin Chua

June 22, 2016

Latest Casino and Gambling News, Horse Racing, Economy/Finance, Macau, Indepth / Featured Articles

Although prospects for Macau's dog racing enthusiasts may not be bright, the Macau Jockey Club & Racing Complex (MJC) seems to be positioning for a rebirth of the horse racing industry in the former Portugu...

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Nevada revenues decrease for month of May

KPMG releases Gibraltar eGaming Summit report

Prime Minister agrees plan to salvage The Baha Mar Casino And Hotel

Cuyahoga County Council approves using casino tax revenue for new grant program

Arizona tribe making good on its promises

Amaya holds annual general meeting in private

Local Governments received over $1.7 billion from Northwest Indiana Casinos

Gambling on casino cash too risky say Niagara Falls officials

Mississippi casino gaming revenues fall 4% for month of May

Saipan casinos predicted to pay out at least $33.6 million in tax next year

Tropicana continues investing for success

Successful year for the Malta Gaming Authority

Taiwan Government could consider licensing casinos in order to boost local economy

Western Australia urged to launch High Court action

Macau Jockey Club revenues continue 10 year slide; New strategies to be developed

ACE Casino Returns to Four States as Sweepstakes Industry Braces for California Exit

Kalshi Files Lawsuit Against New York Gaming Commission Over Sports Event Contracts

Turkey Launches Disciplinary Action After Referee Betting Scandal

Macau’s Emperor Palace and Waldo Casinos to Close as Satellite Restructuring Continues

FanDuel Casino Partners with Lady Luck HQ to Expand Digital Gaming and Responsible Play