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Brazil considers legal gambling
Brazil is suffering a prolonged economic downturn and recession with budget cuts and tax increases attempting to remedy a crippled government budget. Another idea is being entertained and that is to increase re...
Economy/Finance
Casino stocks slide in Hong Kong, US
Tuesday saw casino stocks on the Hong Kong stock exchange (HKEx) fall to levels unseen in years, and the sneeze seems to have even given some NYSE stocks a cold, or at least kept them from shaking it.
Sands ...
Prime Minister Binyamin Netanyahu interested to set up casino industry in Israel
Prime Minister Binyamin Netanyahu interested to set up casino industry in Israel
There are no legalized casinos in Israel so far but that could change very quickly as Israeli prime minister Binyamin Netanyah...
Neptune Group contemplates shutting down Macau junket operation
Neptune Group Ltd, a junket operator that once had a thriving operation in Macau has found it difficult to post consistent profits after the anti-corruption crackdown. The company recently announced that it was...
New York Comptroller’s 5-year audit: Off-track betting plummets
A five year audit released by New York state Comptroller Thomas DiNapoli on Friday shows a precipitous drop in off-track betting compared to the previous five years ending in 2008. The nearly 25% drop amounted ...
Brockton developer predicts further struggle for Mashpee’s Taunton casino
Culminating in 2011, former Massachusetts governor Deval Patrick saw an expanded gambling law come to pass on his watch and devoted significant time to negotiating a gaming compact with the Mashpee Wampanoag tr...
Landing says Jeju Casino succeeds with Chinese gamblers
China real estate developer Landing International in partnership with Genting Hong Kong had operated Hyatt Regency Jeju on Jeju Island in South Korea. However, the Jeju casino did not perform as well as per in...
Strip mall outside Chicago denied video gambling licensing by Illinois Gaming Board
A strip mall located outside the city of Chicago sits half empty, with the owners planning on converting the empty space into video gambling cafes. After seeing applications for licensing, the Illinois Gaming B...
Valley Forge Casino Resort operating license renewed
The Valley Forge Casino Resort of Pennsylvania earned a renewal of their Category 3 resort casino operating license after the state Gaming Control Board voted unanimously in approval. The Board, consisting of s...
U.S. judge won’t hear Baha Mar bankruptcy
Tuesday, a U.S. bankruptcy court in Delaware ruled that most of the multi-billion dollar Baha Mar chapter 11 bankruptcy filing before it would not be heard in a U.S. court and dismissed all but one entity's abi...
Stockton University approves sale of Showboat; buyer identity remains a mystery
On Wednesday, Stockton University decided to approve the sale of the Showboat, a former casino of Atlantic City, which was not a quality purchase of the educational institution. The University decided to purcha...
Casino Revenue in Atlantic City Drops 5% in August
According to the recently published statistics of the Atlantic City Division of Gaming Enforcement, the total gaming revenue of the state’s casinos for the month of August 2015 was $258.6 million, which is a 5 ...
Baha Mar provisional liquidators appointed
Last week the Bahamian Supreme Court appointed KRyS Global, Bahamas and AlixPartners Services UK advisors as Joint Provisional Liquidators over Baha Mar Ltd, Baha Mar Land Holdings Ltd, Baha Mar Properties Ltd,...
Melco profits sketchy before opening of EurAsia properties
Monday past, in a post-trading filing with the Hong Kong Stock Exchange, Melco International Development Limited announced its year on results ending June 30 to be HK$111.1 million (US$14.3 million), a decline ...
Nearly 900 self-exclude from Maryland casinos; Treatment options scarce
The casino industry in the United States has gone through a rough period over the last 18 months but Maryland casinos have been an exception to the general market stagnation. The five casinos in the state of Ma...