Economy/Finance | World Casino News

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

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, Mobile gaming, Economy/Finance, 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

Casino News, Latest Casino and Gambling 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

Casino News, Latest Casino and Gambling 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

U.S.A., Latest Casino and Gambling News, 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...

Legislative panel calls for review of untaxed Ohio gambling promotions

Sadonna Price

December 29, 2015

Latest Casino and Gambling News, Economy/Finance, Ohio

The Ohio Legislature's Joint Committee on Gaming and Wagering recommended yesterday that the practice of un-taxed promotional freebies at racinos and casinos of Ohio should be reconsidered. Over $650 million in...

Mississippi gambling revenue boosted by coastal casinos

Kim M

December 28, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Mississippi

Strong performances by casinos in Mississippi’s Gulf Coast drove statewide casino revenue up three percent in November. Figures released last week by the State Revenue Department show casinos won $161 millio...

Caesars wins a chance to save parent company from bankruptcy

Lars Jones

December 28, 2015

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

Caesars Entertainment is teetering on a fall into bankruptcy with every court decision shifting the balance toward demise or recovery. Last week a Chicago appeals court returned the issue to bankruptcy court wh...

Decline in casino revenue expected for Singapore in 2016

Sadonna Price

December 28, 2015

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

The attention of investors has been focused on the reduction of casino revenues at a rapid rate in Macau for 2015, Singapore has also been affected by the anti-corruption draft of China. In Singapore, the gross...

Plainridge Park casino revenues plummet due to competition from Twin River Casino

Renee Kingsley

December 28, 2015

Latest Casino and Gambling News, U.S.A., Economy/Finance, Massachusetts, Rhode Island

It’s less than six months since the Plainridge Park Casino resort opened to the public and the signs so far are not very encouraging. The casino opened amidst a lot of publicity back in June 2015 and in doing s...

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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%

Legislative panel calls for review of untaxed Ohio gambling promotions

Mississippi gambling revenue boosted by coastal casinos

Caesars wins a chance to save parent company from bankruptcy

Decline in casino revenue expected for Singapore in 2016

Plainridge Park casino revenues plummet due to competition from Twin River Casino

Tax Change in Trump’s ‘Big Beautiful Bill’ Could Devastate Professional Gamblers

Santan Mountain Casino Unveils New Bingo Hall with Four-Day Celebration

Court Rejects Underdog’s Bid to Block AG’s DFS Opinion as PrizePicks Adapts

PrizePicks Shifts California Fantasy Sports Game to Peer-to-Peer Model

Michigan Orders 19 Unlicensed Gambling Sites to Shut Down