Economy/Finance | World Casino News

Research study predicts US casino market will reach $93 billion by 2020

January 27, 2016

Latest Casino and Gambling News, U.S.A., Economy/Finance, Financial Press Releases

Market research brand Technavio published a research study whose summary forecasts a bright future of the US gambling market. According to the presented results, the casino market revenues in the United States ...

San Juan casino closes amid Puerto Rico’s crumbling economy

Lars Jones

January 27, 2016

Casino closures, Caribbean Casino News, Economy/Finance, Puerto Rico

2

Another Puerto Rican casino has been forced to pull the chips off tables and quell the bells and whistles of their once profitable slot machines. After 15 years and a $22 million upgrade just two years ago, the...

State takeover of Atlantic City finances proposed by Governor Chris Christie

Sadonna Price

January 27, 2016

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

Atlantic City has been struggling for some time now, with four casinos closing in 2014 and officials of the state trying to determine how to bring the gambling town back to its former glory - or at least save i...

Steve Wynn spends $31.8m on additional Wynn Resorts shares

Alex Lanter

January 25, 2016

Latest Casino and Gambling News, World Casino News, Economy/Finance, Nevada

According to a last week’s filing to the US Securities and Exchange Commission, Steve Wynn paid over $31.8 million in order to buy additional shares from his casino company Wynn Resorts. Only several weeks ago ...

Station Casinos’ proposed initial public offering approved by regulators

Kim M

January 24, 2016

Casino News, Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nevada

Station Casinos’ plan to go public again has received final approval from Nevada regulators. The initial public offering plan of the off-Strip casino-hotel chain that caters to Las Vegas locals was approved ...

Normandie Casino pays $2.3m for BSA violations

Sadonna Price

January 24, 2016

Latest Casino and Gambling News, California, Economy/Finance, Crime, Fines, Lawsuits & Litigation

The Normandie Casino of California has been under investigation by the federal authorities due to high rolling players having the ability to doge reporting their financials. There are strict requirements for re...

French casinos post first growth in seven years

Sadonna Price

January 23, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, France

Cities of France could be adding casinos as the area has seen the best revenues in seven years. The municipal governments of France are struggling, so with the revenue growth, the area could expand gaming optio...

Best year since 2008 for Gulf Coast casinos

Kim M

January 22, 2016

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

You’d have to go back all the way to 2008, before the national recession hit the Coast, to find a better year than 2015 for South Mississippi casinos. The opening of The Scarlet Pearl casino in D’Iberville o...

Atlantic City casino aid package rejected again by Christie

Kim M

January 20, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Bankruptcy, New Jersey

A financial assistance package considered essential to help stabilize Atlantic City’s struggling casino market has once again been rejected via “pocket veto” by New Jersey Governor Chris Christie. The measures ...

Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015

Kim M

January 18, 2016

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

Record revenue in 2015 was reported by Pennsylvania casinos, reversing two consecutive years of declines. Gross revenue from table game play at Pennsylvania’s 12 casinos in 2015 of $808,135,353 was an almost...

MGM Resorts decides to charge for parking

Sadonna Price

January 18, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

1

One of the major freebies in Las Vegas that patrons are grateful for is parking. Along with free cocktails, parking is an expenditure that guests have not had to contend with. However, MGM Resorts International...

Spending cuts—but not bankruptcy—eyed for Atlantic City

Sadonna Price

January 17, 2016

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

Bob McDevitt is the President of the Local 54 of Unite-HERE, a union heavily involved in the Atlantic City casino industry. Union workers have been greatly affected by recent issues in Atlantic City including t...

Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016

Renee Kingsley

January 15, 2016

Gaming Law & Legislation, China, Money Laundering, Economy/Finance, Asian Casino News, Macau

Macau’s junket operators have not been given a lot of attention by the media during 2014 and 2015, as the losses incurred by Macau’s casinos has been the focus of most discussions. However, Macau’s junket opera...

Atlantic City following Detroit into fiscal demise? State could take over city

Sadonna Price

January 15, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Casino proposals, Economy/Finance, Bankruptcy, New Jersey

It has been close to five years that efforts to right the listing boat of Atlantic City have gone without success. Soon voters will decide whether to allow gaming outside the city, bankruptcy may become an opti...

Cambodia’s gaming tax revenues increase by 35 percent in 2015

Renee Kingsley

January 15, 2016

Gaming Law & Legislation, Cambodia, China, Economy/Finance, Licenses, Asian Casino News, Taxation

Cambodia’s government went out of its way to welcome gambling providers into the country during the past few years and its liberal gambling laws have been successful in attracting major investors into its casin...

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Research study predicts US casino market will reach $93 billion by 2020

San Juan casino closes amid Puerto Rico’s crumbling economy

State takeover of Atlantic City finances proposed by Governor Chris Christie

Steve Wynn spends $31.8m on additional Wynn Resorts shares

Station Casinos’ proposed initial public offering approved by regulators

Normandie Casino pays $2.3m for BSA violations

French casinos post first growth in seven years

Best year since 2008 for Gulf Coast casinos

Atlantic City casino aid package rejected again by Christie

Two-year losing streak snapped as Pennsylvania casinos set revenue record in 2015

MGM Resorts decides to charge for parking

Spending cuts—but not bankruptcy—eyed for Atlantic City

Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016

Atlantic City following Detroit into fiscal demise? State could take over city

Cambodia’s gaming tax revenues increase by 35 percent in 2015

Marina Bay Sands Penalized for Breaching Singapore Casino Promotion Rules

Macau Casinos Achieve Record Post-Pandemic Gaming Revenues in July 2024

Tribal Gaming Revenue Hits Record $43.9 Billion in 2024

Star Entertainment’s Queen’s Wharf Sale Collapses, Company Faces Financial Strain

Tilman Fertitta Pauses Las Vegas Casino Development Due to Wynn Ownership