Economy/Finance | World Casino News

First-ever profit reported by The Cosmopolitan in Las Vegas

August 10, 2015

Latest Casino and Gambling News, Economy/Finance, Nevada

The Cosmopolitan hotel and casino, located on the Las Vegas Strip, was first opened in 2010. The casino had yet to report a quarterly profit since opening five years ago, until now. A quarterly profit was poste...

Lottery terminals in Puerto Rico threaten tourism industry according to association

Lars Jones

August 8, 2015

Gaming Law & Legislation, Casino closures, Economy/Finance, Lottery, Unlicensed Operation, Fines, Lawsuits & Litigation, Puerto Rico

The Puerto Rican economy is in deep trouble with a public debt of $72 billion and the government is scrambling for ways to bolster revenues and avert a calamity. One move to get quick cash saw Finance Minister ...

Genting Singapore sees sharp decline in net profits

Alex Lanter

August 7, 2015

Latest Casino and Gambling News, World Casino News, Economy/Finance, Asian Casino News, Singapore

Genting Singapore Plc experienced the biggest fall in net profits in the past six years recently, with shares plunging more than 8 percent. The biggest reason for this situation, according to the company, is th...

Massachusetts casinos will benefit horse racing tracks

Kim M

August 4, 2015

Horse Racing, Latest Casino and Gambling News, Casino openings, Economy/Finance, Massachusetts

The horse racing industry in Massachusetts now has plenty of cash from casinos, the problem is, with the exception of Suffolk Downs, there isn’t much need for it in the current landscape. Due to a provision ...

Golden Entertainment’s Sartini to take measured approach to growth at Rocky Gap Casino

Sam Mitchell

August 4, 2015

Casino News, Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Maryland

On 3rd August 2015, it was reported that the new owner is no hurry to make changes at the Rocky Gap Casino Resort in western Maryland. Golden Entertainment is taking a slower approach in regards to the runni...

Caesars reaches restructuring agreement with lenders

Kim M

August 3, 2015

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

The corporation that filed for bankruptcy over six months ago, a major division of Caesars Entertainment Corporation, filed for bankruptcy, and now wants a Chicago bankruptcy court to approve a restructuring pl...

Arizona’s Q2 tribal gaming revenue increases, contributes $25.8 million toward state’s operating costs

D. Graham

August 2, 2015

Tribal Gaming, U.S.A., Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Gaming Industry News, Casino project updates, Arizona, Economy/Finance

For the fourth consecutive quarter, Arizona’s tribal gaming revenue, received from fifteen tribes operating twenty-three casinos, has increased over the same time period compared to the year before. The Ariz...

Wynn net income drops; Shining light in future

Kim M

August 1, 2015

Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Asian Casino News, Macau

According to analysts, although Wynn Resort’s second quarter numbers have taken a hit, the announcement of a solid opening date for Wynn Palace on the Cotai Strip brightens the picture. This years second qua...

Amaya NYX deal for Cryptologic and Chartwell closes

Lars Jones

August 1, 2015

Latest Casino and Gambling News, Economy/Finance, Ontario, Game manufacturers, Mergers, Acquisitions & Partnerships, Nevada

Amaya Inc. has completed the sale of its online gaming platform to NYX Gaming. Amaya acquired Chartwell Technology Inc. and Cryptologic Inc. in 2011 and 2012 respectively, forming the basis of the platform sale...

Mohegan Sun posts 3Q profit on cost-cutting and increased visitors

Kim M

July 30, 2015

Latest Casino and Gambling News, Economy/Finance, Connecticut, Financial Press Releases, Massachusetts

The organization is optimistic after a strong profit report according to the tribal authority that owns and operates the Mohegan Sun, and casino president Robert J Soper. Cost cutting and increased slot machine...

Illinois cities won’t earn casino tax shares until state budget is set

Sadonna Price

July 30, 2015

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

A state spending plan has yet to be approved in the state of Illinois and this fact has now affected the gambling facilities of the state. Cities that play host to a casino will not receive a share of taxes ear...

Atlanta Mayor; “fiscally irresponsible” to not consider casino for Turner Field

Sam Mitchell

July 28, 2015

Latest Casino and Gambling News, Casino proposals, Economy/Finance, Georgia

Last Thursday Atlanta Mayor, Kasim Reed said that he would be willing to meet with the representatives that have pitched casino developments for the Turner Field area, but many local residents are not happy wi...

Tribal casinos up for fifth straight year, according to NIGC

Kim M

July 27, 2015

Latest Casino and Gambling News, U.S.A., Economy/Finance, Licensed online casinos in USA

According to the Washington, D.C. based National Indian Gaming Commission (NIGC), the U.S. Indian gaming industry recorded its fifth consecutive year of gross gaming revenue (GGR) for the 2014 fiscal year, coll...

Galaxy to take stake in Monaco casino operator

Lars Jones

July 25, 2015

Economy/Finance, Macau, Mergers, Acquisitions & Partnerships, Monaco

Galaxy Entertainment Group Ltd. is taking a 5 percent stake in a Monaco hotel and casinos operator established in 1863. The shares in Societe des Bains de Mer et du Cercle des Etrangers a Monaco (SBM) are being...

Hilton forced to shutdown Puerto Rico hotel casino due to the country’s economic crisis

Renee Kingsley

July 23, 2015

U.S.A., Casino News, Casino closures, Gaming Industry News, Economy/Finance, Unlicensed Operation, Puerto Rico

The Condado Plaza Hilton in Puerto Rico is one of the biggest and most popular hotels on the Island and has been operating for the past forty years. The hotel attracts thousands of tourists each year as it is l...

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First-ever profit reported by The Cosmopolitan in Las Vegas

Lottery terminals in Puerto Rico threaten tourism industry according to association

Genting Singapore sees sharp decline in net profits

Massachusetts casinos will benefit horse racing tracks

Golden Entertainment’s Sartini to take measured approach to growth at Rocky Gap Casino

Caesars reaches restructuring agreement with lenders

Arizona’s Q2 tribal gaming revenue increases, contributes $25.8 million toward state’s operating costs

Wynn net income drops; Shining light in future

Amaya NYX deal for Cryptologic and Chartwell closes

Mohegan Sun posts 3Q profit on cost-cutting and increased visitors

Illinois cities won’t earn casino tax shares until state budget is set

Atlanta Mayor; “fiscally irresponsible” to not consider casino for Turner Field

Tribal casinos up for fifth straight year, according to NIGC

Galaxy to take stake in Monaco casino operator

Hilton forced to shutdown Puerto Rico hotel casino due to the country’s economic crisis

Sweeping Gambling Legislation Overhaul Sparks Controversy in Northern Cyprus

Illinois Moves to Recognize Gambling Disorder as a Substance Abuse Condition

Intensified Crackdown on Illegal Gambling Apps by Dutch Regulator

Atlantic City’s Casino Industry Faces Economic Downturn and Declining Profits in 2024

Maryland Attempts to Shut Down Unauthorized Online Sports Event Contracts