Economy/Finance | World Casino News

Macau gross gaming revenues continue to decline

May 2, 2016

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

The 33 casinos in Macau reported gross gaming revenues for April of $2.17 billion, which represents a decline of 9.5% year-on-year and marks a 23rd consecutive month of deterioration. According to a report f...

Sun to shine on Tigre de Cristal after first winter in Siberia

Lars Jones

April 30, 2016

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

Things are looking up for Lawrence Ho's Tigre de Cristal casino near Vladivostok, Russia. Mr. Ho's Summit Ascent Holdings held a soft launch for the first of many casinos to come in the Primorye Integrated Ente...

Atlantic City casinos want vote for city takeover

Sadonna Price

April 30, 2016

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

Casinos in Atlantic City are ready for the state to take over the city finances, as the casinos claim they are ‘on the edge of the abyss’. An immediate vote has been called for by the casinos on bills already i...

First-quarter slot revenues grow in New Zealand

Adam Morgan

April 29, 2016

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

First-quarter slot machine revenues in New Zealand have increased by 3% from the same period last year despite an apparent fall in the numbers of venues, machines and licence holders. According to official f...

Galaxy Entertainment posts first quarterly profit gain since 2014

Alex Lanter

April 28, 2016

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau, Financial Press Releases

Well-established Macau gaming operator Galaxy Entertainment Group has posted quarterly profit gain for the first time since 2014. The financial data, which was released on Wednesday, revealed solid results than...

Red Rock Resorts IPO in the works on heels of MGM $1.05b success

Kim M

April 26, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Mergers, Acquisitions & Partnerships

Las Vegas-based LBO casino operator Red Rock Resorts (RRR) is scheduled to price its initial public offering (IPO) today and could raise $572.25 million, which would make it the second-largest IPO this year, tr...

MGM Resorts closes on REIT IPO and related financial transactions

Adam Morgan

April 26, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

Casino operator MGM Resorts International has established the MGM Growth Properties LLC subsidiary to handle ten of its properties including The Mirage and Mandalay Bay in Las Vegas. The new publicly traded rea...

Mississippi casino revenue declines 5% as Gulf Coast gaming slows down

Alex Lanter

April 26, 2016

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

Mississippi casino revenue fell from $198 million in March 2015 to $188 million in March 2016, after Gulf Coast properties such as Harrah’s Gulf Coast and Hollywood Casino Bay St. Louis recorded a slowdown of 4...

Brantford receives casino payment from OLG for $1.39 million

Sadonna Price

April 23, 2016

Latest Casino and Gambling News, Economy/Finance, Ontario

The city of Brantford has hosted the Brantford Casino since 1999 and continues to receive payments from the Ontario Lottery and Gaming Corp. for being the host area. The most recent payment comes from the fourt...

Bloomberry chairman Razon warns of oversupply in Manila casino market

Kim M

April 22, 2016

Latest Casino and Gambling News, Economy/Finance, Philippines

On Thursday, Filipino billionaire, and chairman of Bloomberry Resorts Corp, Enrique Razon Jr., warned that the opening of two additional gaming complexes within the next two years would produce an “oversupply” ...

Macau Labour groups to petition Government for casino employee benefits on May 1

Renee Kingsley

April 22, 2016

Latest Casino and Gambling News, Economy/Finance, Employment & Careers, Macau, Labor Relations

May 1 is known as International Workers Day and commonly referred to as Labor Day in Asia. Two of Macau’s labor groups have plans to submit individual petitions to the government on May 1 for increasing the ben...

Sands China misses analyst earnings predictions but Sheldon Adleson remains confident over recovery

Renee Kingsley

April 21, 2016

Latest Casino and Gambling News, Las Vegas, China, Casino project updates, Economy/Finance, Macau

The Las Vegas Sands Corp is the biggest casino enterprise in the world and derives a significant portion of its revenue from its Macau based subsidiary, the Sands China Ltd. However the collapse of the Macau ca...

Analyst says nearby construction hurting Studio City’s opening momentum

Kim M

April 20, 2016

Latest Casino and Gambling News, Economy/Finance, Macau

A note from Sterne Agee CRT on Monday stated that Melco Crown’s new Studio City is being hurt by continued disruptions going on next to the property. While the U.S.-based brokerage said it still believes tha...

New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City

Renee Kingsley

April 20, 2016

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

New Jersey Governor Chris Christie increased pressure for a state takeover of the nearly bankrupt Atlantic City earlier this month after instructing the commissioner of education to take Atlantic City to court,...

Possible compromise in the works as leaders discuss Atlantic City financial woes

Sadonna Price

April 19, 2016

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

Legislators in the state of New Jersey have been considering a takeover of Atlantic City for some time in the hopes that they can straighten out the financial issues that gambling town is currently facing. A ne...

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Macau gross gaming revenues continue to decline

Sun to shine on Tigre de Cristal after first winter in Siberia

Atlantic City casinos want vote for city takeover

First-quarter slot revenues grow in New Zealand

Galaxy Entertainment posts first quarterly profit gain since 2014

Red Rock Resorts IPO in the works on heels of MGM $1.05b success

MGM Resorts closes on REIT IPO and related financial transactions

Mississippi casino revenue declines 5% as Gulf Coast gaming slows down

Brantford receives casino payment from OLG for $1.39 million

Bloomberry chairman Razon warns of oversupply in Manila casino market

Macau Labour groups to petition Government for casino employee benefits on May 1

Sands China misses analyst earnings predictions but Sheldon Adleson remains confident over recovery

Analyst says nearby construction hurting Studio City’s opening momentum

New Jersey hit with $33.5 million lawsuit for failing to keep its promise to Atlantic City

Possible compromise in the works as leaders discuss Atlantic City financial woes

ESPN BET Joins Sportsbooks Offering NFL Injury Insurance on Player Props

Macau Gaming Forecasts Upgraded With Strong Momentum Through 2026

Sweden Sees Q2 Growth While Gambling Regulator Prepares for New Leadership

Romanian Mayors Seek Greater Authority Over Gambling Venues

Sam’s Town Tunica Casino to Shut Down This November