Economy/Finance | World Casino News

Echo Entertainment Group profit grows more than 50% thanks to Asian VIPs

August 12, 2015

Latest Casino and Gambling News, Australia, Economy/Finance, Oceania Casino News

Macau has witnessed a drop in VIP clientele that resulted in significant decline in revenue. However, the Macau struggle has proven to be an opportunity for Australian casinos to shine and take over Asian VIPs....

Increased lottery proceeds helps revenue top $1 billion in Maryland

Kim M

August 10, 2015

Latest Casino and Gambling News, Casino openings, Casino project updates, Economy/Finance, Financial Press Releases, Maryland

Topping the $1 billion mark for first time, state officials in Maryland attributed the 2.2 increase from last year to casino revenue and lottery sales. According to Gordon Medenica, the state’s new Lottery a...

Stagnant gaming business means layoffs for City Of Dreams Manila

Kim M

August 10, 2015

Latest Casino and Gambling News, World Casino News, Economy/Finance, Macau, Philippines

After celebrating the “Grand Launch” of its new integrated casino resort in February of this year, the $1.3 billion City of Dreams Manila, a joint venture between Macau’s Melco Crown Entertainment and the Belle...

First-ever profit reported by The Cosmopolitan in Las Vegas

Sadonna Price

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

Latest Casino and Gambling News, Horse Racing, 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

Latest Casino and Gambling News, Casino 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

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

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, Game manufacturers, Economy/Finance, Ontario, 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...

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Echo Entertainment Group profit grows more than 50% thanks to Asian VIPs

Increased lottery proceeds helps revenue top $1 billion in Maryland

Stagnant gaming business means layoffs for City Of Dreams Manila

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

Sands China Unveils Overhauls Londoner Grand Just in Time for Golden Week

Bloomberry Expands Online Gaming as Solaire North Edges Toward Profit

Nevada Racehorse Trainer Banned After Cocaine Doping Scandal

Texas Lottery Faces Lawsuit Over Sudden Ban on Courier Services

NBA Triple Double Power Combo Slot Goes Live on Caesars Platforms