Economy/Finance | World Casino News

Hong Kong court refuses to freeze local assets of Kazuo Okada

July 28, 2020

Latest Casino and Gambling News, Gaming Industry News, Hong Kong, Economy/Finance, Asian Casino News, Crime, Fines, Lawsuits & Litigation

In Hong Kong and a High Court judge has reportedly refused to grant an injunction that would have prevented former Japanese casino magnate Kazuo Okada (pictured) from being able to offload any of his local fina...

Second-quarter employee redundancies for Macau junket firms

Adam Morgan

July 28, 2020

Latest Casino and Gambling News, Casino News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Macau

In Macau and the number of people employed by the enclave’s many casino junket operators reportedly dropped by around 5,200 during the three months to the end of June to approximately 82,300. According to a ...

American Gaming Association boss heralds legalized sportsbetting market

Adam Morgan

July 23, 2020

Washington D.C., Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Licensing, Taxes

In the United States and the Chief Executive Officer for the American Gaming Association, Bill Miller (pictured), used a special hearing in front of federal legislators yesterday to herald the importance of the...

Sands China Limited records second-quarter earnings deficit

Adam Morgan

July 23, 2020

Latest Casino and Gambling News, Economy/Finance, Asian Casino News, Macau, Mergers, Acquisitions & Partnerships, Singapore

The Sands China Limited subordinate of American casino operator Las Vegas Sands Corporation has reportedly announced that its aggregated net income for the three months to the end of June plummeted by over 200%...

Wynn Resorts Limited instituting Las Vegas layoffs

Adam Morgan

July 23, 2020

Latest Casino and Gambling News, Las Vegas, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance

American casino operator Wynn Resorts Limited has reportedly announced that it will be laying off an unspecified number of workers at its two Las Vegas properties owing to a slow-down in business being blamed o...

HMRC expands investigation into GVC Holdings

Adam Morgan

July 22, 2020

Isle of man, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Taxes

In the United Kingdom and tax authorities have reportedly widened their ongoing investigation into retail and online sportsbook operator GVC Holdings allegedly regarding the activities of its former Turkish sub...

Post-pandemic visitation levels on the rise at Resorts World Genting

Adam Morgan

July 22, 2020

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Malaysia

Asian casino operator Genting Malaysia Berhad has reportedly seen visitation levels at the gambling-friendly venues within its Resorts World Genting development recover recently to reach just over 50% of their ...

Illinois licenses for FanDuel Group and DraftKings Incorporated

Adam Morgan

July 21, 2020

Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Mobile gaming, Economy/Finance, Licenses, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Illinois

Prominent online sportsbook operators FanDuel Group and DraftKings Incorporated have reportedly been granted temporary licenses to begin offering their services to punters in the American state of Illinois. ...

Osage Nation celebrating pair of Oklahoma land-into-trust decisions

Adam Morgan

July 21, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Oklahoma

In Oklahoma and the federal government has reportedly approved a pair of land-into-trust applications from the Osage Nation that are to allow the tribe to bring new casinos to sites near the small cities of Bar...

Oregon tribe continuing with plan to build a Salem casino

Adam Morgan

July 21, 2020

Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Oregon

In the western American state of Oregon and the Confederated Tribes of Siletz Indians has reportedly filed a land-into-trust application in hopes of being given official permission to bring a small casino resor...

Planned Caesars/Eldorado merger clears final hurdle in New Jersey

Adam Morgan

July 20, 2020

Casino Sales, Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, New Jersey

The proposed $17.3 billion deal that is to see American casino giant Caesars Entertainment Corporation merge with smaller rival Eldorado Resorts Incorporated reportedly passed its final hurdle late last week af...

Marina Bay Sands operator agrees out-of-court settlement

Adam Morgan

July 20, 2020

Latest Casino and Gambling News, U.S.A., Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Singapore

In Singapore and the operator behind the iconic Marina Bay Sands integrated casino resort has reportedly signed an out-of-court settlement that is to see it compensate a former high-value patron to the tune of ...

Danville casino proposal passes momentous hurdle

Adam Morgan

July 17, 2020

Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Lottery, Licenses

In the southern American state of Virginia and local lottery officials have reportedly approved a proposal that would see Caesars Entertainment Corporation build and operate a $400 million casino resort in the ...

Michigan tribe inks Golden Nugget iGaming alliance

Adam Morgan

July 17, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Tribal Gaming, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing, Michigan

American iGaming operator Golden Nugget Online Gaming Incorporated is reportedly set to enter the coming online casino and sportsbetting market of Michigan via a deal with the state’s federally-recognized Kewee...

Coronavirus come-down for Louisiana casino market

Adam Morgan

July 17, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Economy/Finance, Louisiana

The 15 casinos and four racinos in the southern American state of Louisiana reportedly recorded aggregated gross gaming revenues for June that were 19.5% down on the same month last year at just $164.4 million....