Economy/Finance | World Casino News

Neptune Group contemplates shutting down Macau junket operation

September 29, 2015

Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships

Neptune Group Ltd, a junket operator that once had a thriving operation in Macau has found it difficult to post consistent profits after the anti-corruption crackdown. The company recently announced that it was...

New York Comptroller’s 5-year audit: Off-track betting plummets

Lars Jones

September 27, 2015

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

A five year audit released by New York state Comptroller Thomas DiNapoli on Friday shows a precipitous drop in off-track betting compared to the previous five years ending in 2008. The nearly 25% drop amounted ...

Brockton developer predicts further struggle for Mashpee’s Taunton casino

Lars Jones

September 25, 2015

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Economy/Finance, Licenses, Taxation, Fines, Lawsuits & Litigation, Massachusetts

Culminating in 2011, former Massachusetts governor Deval Patrick saw an expanded gambling law come to pass on his watch and devoted significant time to negotiating a gaming compact with the Mashpee Wampanoag tr...

Landing says Jeju Casino succeeds with Chinese gamblers

Renee Kingsley

September 25, 2015

China, Economy/Finance, Asian Casino News, South Korea

China real estate developer Landing International in partnership with Genting Hong Kong had operated Hyatt Regency Jeju on Jeju Island in South Korea. However, the Jeju casino did not perform as well as per in...

Strip mall outside Chicago denied video gambling licensing by Illinois Gaming Board

Sadonna Price

September 24, 2015

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

A strip mall located outside the city of Chicago sits half empty, with the owners planning on converting the empty space into video gambling cafes. After seeing applications for licensing, the Illinois Gaming B...

Valley Forge Casino Resort operating license renewed

Sadonna Price

September 24, 2015

Latest Casino and Gambling News, Economy/Finance, Licenses, Pennsylvania

The Valley Forge Casino Resort of Pennsylvania earned a renewal of their Category 3 resort casino operating license after the state Gaming Control Board voted unanimously in approval. The Board, consisting of s...

U.S. judge won’t hear Baha Mar bankruptcy

Lars Jones

September 18, 2015

Bahamas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

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Tuesday, a U.S. bankruptcy court in Delaware ruled that most of the multi-billion dollar Baha Mar chapter 11 bankruptcy filing before it would not be heard in a U.S. court and dismissed all but one entity's abi...

Stockton University approves sale of Showboat; buyer identity remains a mystery

Sadonna Price

September 17, 2015

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

On Wednesday, Stockton University decided to approve the sale of the Showboat, a former casino of Atlantic City, which was not a quality purchase of the educational institution. The University decided to purcha...

Casino Revenue in Atlantic City Drops 5% in August

Alex Lanter

September 15, 2015

U.S.A., Latest Casino and Gambling News, Economy/Finance, New Jersey

According to the recently published statistics of the Atlantic City Division of Gaming Enforcement, the total gaming revenue of the state’s casinos for the month of August 2015 was $258.6 million, which is a 5 ...

Baha Mar provisional liquidators appointed

Lars Jones

September 11, 2015

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

Last week the Bahamian Supreme Court appointed KRyS Global, Bahamas and AlixPartners Services UK advisors as Joint Provisional Liquidators over Baha Mar Ltd, Baha Mar Land Holdings Ltd, Baha Mar Properties Ltd,...

Melco profits sketchy before opening of EurAsia properties

Kim M

September 9, 2015

Cambodia, Casino News, Latest Casino and Gambling News, World Casino News, Economy/Finance, Macau, Philippines, Russia

Monday past, in a post-trading filing with the Hong Kong Stock Exchange, Melco International Development Limited announced its year on results ending June 30 to be HK$111.1 million (US$14.3 million), a decline ...

Nearly 900 self-exclude from Maryland casinos; Treatment options scarce

Renee Kingsley

September 9, 2015

Gaming Law & Legislation, U.S.A., Gaming Industry News, Economy/Finance, Maryland

The casino industry in the United States has gone through a rough period over the last 18 months but Maryland casinos have been an exception to the general market stagnation. The five casinos in the state of Ma...

MERS fears subside, Grand Korea Leisure sees numbers rise

Kim M

September 8, 2015

Casino News, Latest Casino and Gambling News, World Casino News, Economy/Finance, Financial Press Releases, South Korea

As of August 26 attendance at its three South Korean Seven Luck foreigners-exclusive casinos exceeded one million, according to an announcement yesterday by Grand Korea Leisure Co., Ltd. (GLK). While visitor...

Maryland casinos generate almost $100M revenue in August

Alex Lanter

September 7, 2015

Latest Casino and Gambling News, U.S.A., World Casino News, Economy/Finance, Maryland

Maryland Lottery and Gaming announced that the state’s five land based casinos generated a total of $96.7 million gaming revenue in August 2015, which is an increase of 20 percent compared to the same month the...

Deadwood South Dakota may get $9 million facelift

Lars Jones

September 7, 2015

Casino expansion projects, Economy/Finance, South Dakota

Rapid City and Omaha architects unveiled plans in late August that could see the Black Hills South Dakota gambling and tourist town of Deadwood completely revitalized. The Black Hills Pioneer reported that TSP ...

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Neptune Group contemplates shutting down Macau junket operation

New York Comptroller’s 5-year audit: Off-track betting plummets

Brockton developer predicts further struggle for Mashpee’s Taunton casino

Landing says Jeju Casino succeeds with Chinese gamblers

Strip mall outside Chicago denied video gambling licensing by Illinois Gaming Board

Valley Forge Casino Resort operating license renewed

U.S. judge won’t hear Baha Mar bankruptcy

Stockton University approves sale of Showboat; buyer identity remains a mystery

Casino Revenue in Atlantic City Drops 5% in August

Baha Mar provisional liquidators appointed

Melco profits sketchy before opening of EurAsia properties

Nearly 900 self-exclude from Maryland casinos; Treatment options scarce

MERS fears subside, Grand Korea Leisure sees numbers rise

Maryland casinos generate almost $100M revenue in August

Deadwood South Dakota may get $9 million facelift

Illegal Gambling Dominates U.S. Online Market, Report Finds

NJ Man Loses $59K Casino Chip Claim After Court Cites Illicit Origins

Publishers Clearing House Files for Chapter 11 to Cement Digital Shift

Crown Names New Melbourne Chair, Partners with AFL’s Harley Reid

Novomatic Secures United Arab Emirates Gaming License for Expansion