Economy/Finance

Todd Boehly-led consortium agrees $3.09 billion purchase of Chelsea FC

May 10, 2022

NBA, Latest Casino and Gambling News, MLB, Economy/Finance, Mergers, Acquisitions & Partnerships, United Kingdom

In the United Kingdom and a consortium led by American businessman Todd Boehly (pictured) has reportedly inked the world’s second-richest deal for a sports team in agreeing to buy Chelsea FC for a rumored $3.09...

Marcos Jr on track to be elected as the next President of the Philippines

Adam Morgan

May 10, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Licenses, Online Gambling News, Philippines

In the Philippines and Ferdinand Marcos Jr (pictured) reportedly looks on track to be elected to replace Rodrigo Duterte as the nation’s next President some 36 years after his namesake father was ousted from th...

Circa Sports coming to Illinois via Full House Resorts Incorporated alliance

Adam Morgan

May 10, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Employment & Careers, Licenses, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Illinois

American sportsbook operator Circa Sports has reportedly announced that it will be entering a fourth state later this year via an alliance with casino developer Full House Resorts Incorporated. According to ...

Churchill Downs Incorporated heralds Kentucky Derby success

Adam Morgan

May 9, 2022

Latest Casino and Gambling News, Horse Racing, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Kentucky

In the United States and Churchill Downs Incorporated has announced that 147,294 people packed into its Churchill Downs Racetrack on Saturday to see Rich Strike claim an unexpected victory at the 148th running ...

The Star Entertainment Group Limited suspends customer rebate program

Adam Morgan

May 9, 2022

Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Employment & Careers, Licenses, Crime, Fines, Lawsuits & Litigation, Financial Fraud

In Australia and casino operator The Star Entertainment Group Limited has reportedly suspended a customer rebate program amid concerns that the scheme could potentially breach local rules to prevent money laund...

British iGaming trio found to have lobbied government over new rules

Adam Morgan

May 9, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Taxation, United Kingdom

Some of the largest online casino and sportsbetting operators in the United Kingdom have reportedly been quietly lobbying the government not to implement a wide range of proposed safeguards including new afford...

Positive financial prognosis for DraftKings Incorporated

Adam Morgan

May 9, 2022

Latest Casino and Gambling News, U.S.A., Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Licensing

The price of individual shares in DraftKings Incorporated reportedly rallied late last week to reach as high as $14.25 following news that the American sportsbetting firm had significantly improved its upcoming...

City of Dreams Mediterranean grand opening could potentially be delayed

Adam Morgan

May 6, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Casino project updates, Cyprus, Economy/Finance, Licenses

On the island nation of Cyprus and the opening date for the €550 million ($581 million) City of Dreams Mediterranean development from Melco Resorts and Entertainment Limited could reportedly soon be pushed back...

Federal court convicts former Mashpee Wampanoag Tribe leader of bribery

Adam Morgan

May 6, 2022

Latest Casino and Gambling News, Tribal Gaming, Casino proposals, Casino News, Gaming Industry News, Economy/Finance, Licenses, Crime, Bribery, Fines, Lawsuits & Litigation, Massachusetts

In the eastern American state of Massachusetts and the former leader of the Mashpee Wampanoag Tribe has reportedly been convicted in federal court on extortion and bribery charges linked to his group’s plan to ...

Flutter Entertainment heralds positive first-quarter performance

Adam Morgan

May 5, 2022

Ireland, Online gaming software, Latest Casino and Gambling News, U.S.A., NFL, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, United Kingdom

British and Irish iGaming behemoth Flutter Entertainment has reportedly disclosed that the ongoing cost of living crisis in the United Kingdom is not putting punters off gambling as it chalked up a rise of 6% y...

Grand Korea Leisure Company Limited experiences April revenues crash

Adam Morgan

May 5, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, South Korea

South Korean casino operator Grand Korea Leisure Company Limited reportedly saw its aggregated gross gaming revenues for April drop by 34.6% year-on-year and almost 81% sequentially to a very disappointing $4.5...

Brazil releases rules on coming fixed-odds online sportsbetting market

Adam Morgan

May 4, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Brazil, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Licensing

The government for the South American nation of Brazil has reportedly signed off on a comprehensive set of new regulations for the giant country’s coming fixed-odds online sportsbetting market. According to ...

Atlantic City casino workers union seeking ‘significant’ pay increases

Adam Morgan

May 4, 2022

Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Employment & Careers, Labor Relations, New Jersey

In Atlantic City and the Local 54 branch of the Unite Here trade union is reportedly engaged in extensive negotiations as part of an effort to secure ‘significant’ wage rises for those employed by the resort co...

Intuicode Gaming Corporation buy for Everi Holdings Incorporated

Adam Morgan

May 4, 2022

Online gaming software, Latest Casino and Gambling News, U.S.A., Horse Racing, Gaming Industry News, Technology, Economy/Finance, Online Gambling News, Mergers, Acquisitions & Partnerships

American casino gaming technologies firm Everi Holdings Incorporated has announced its acquisition of historical horseracing games developer Intuicode Gaming Corporation. The Las Vegas-headquartered firm use...

MGM China Holdings Limited chalks up depressed first-quarter financials

Adam Morgan

May 3, 2022

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Licenses, Macau

Macau casino operator MGM China Holdings Limited has released its unaudited first-quarter financial results showing that its aggregated revenues dropped by 9% year-on-year to approximately $267.57 million. T...