Economy/Finance | World Casino News

Atlantic City casino revenue down 47% since 2006, NJ online up 21% in 2015

January 14, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Licensed online casinos in USA, New Jersey

Although most of the surviving casinos in Atlantic City, New Jersey are on the mend and posting profits, the long term trend for gaming revenues in the Boardwalk city are worrisome. According to a recent report...

Puerto Rican government still embroiled in video lottery terminal battle

Sadonna Price

January 14, 2016

Latest Casino and Gambling News, Gaming Law & Legislation, Economy/Finance, Fines, Lawsuits & Litigation, Puerto Rico

The Puerto Rican Association of Hotels and Tourism filed a case against the Department of Treasury in July last year, challenging new regulations that allow video lottery terminals in the country. The Treasury ...

Bernstein reports that mass GGR contributed around 52% of Macau’s December GRR

Alex Lanter

January 13, 2016

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

Hong Kong based brokerage Sanford C. Bernstein published a note claiming that approximately 52% of Macau’s December casino gross gaming revenue comes from mass market gambling. These numbers, according to the f...

Argosy Alton casino forced to close during flooding; sees decrease in revenues

Sadonna Price

January 13, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Missouri

Many businesses were affected by the rising flood waters of December, including casinos. The Argosy Alton casino of Missouri was one such casino, having been forced to close when the Mississippi River continued...

Saratoga Casino & Raceway secures financing to bolster $39.3 million expansion

Sadonna Price

January 13, 2016

Latest Casino and Gambling News, Horse Racing, Casino expansion projects, New Hotels, Economy/Finance, New York

The Saratoga Casino and Raceway of New York is planning an expansion that has a price tag of $39.3 million. The venue, located in Saratoga Springs, has been able to secure a $15 million loan for construction fr...

Northwest Indiana casinos continue to stay even with gaming revenues

Sadonna Price

January 11, 2016

Latest Casino and Gambling News, Economy/Finance, Indiana

The casinos located in the northwest portion of Indiana continued to do well in 2015, closing out the year with a strong December. With the month’s end, the state saw a gaming revenue total that almost matched ...

Non-gaming amenities keep Nevada casinos revenue more stable

Sadonna Price

January 10, 2016

Latest Casino and Gambling News, Economy/Finance, Nevada

The past few years have been hard on the state of Nevada in regards to the casino industry. Having been in the red for several years, the state lost $662 million in 2015 and continues to see a downward trend wh...

Is future technology industry advantageous for Nevada’s gaming industry?

D. Graham

January 8, 2016

Latest Casino and Gambling News, Las Vegas, World Casino News, Technology, Gaming Industry News, Economy/Finance, Nevada

While major Nevada casino stakeholders have been heavily investing in the emerging Asian gambling markets, one Chinese entrepreneur is betting on the future of electric cars – and investing (to the tune of US $...

High stakes north Jersey casino proposals, more set for action next week

Lars Jones

January 8, 2016

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

Two competing proposals to allow voters to decide whether or not to expand casino gambling beyond Atlantic City, New Jersey will be voted on in their respective chambers Monday. January 11 is the end of this le...

Judge refuses to toss Seminole Tribe lawsuit, poll finds wide support for compact

Lars Jones

January 8, 2016

Latest Casino and Gambling News, Tribal Gaming, Casino News, Economy/Finance, Florida, Fines, Lawsuits & Litigation

The Seminole Tribe of Florida found a friend in court Wednesday when a federal judge rejected the State of Florida's bid to end an ongoing lawsuit filed by the tribe. U.S. District Judge Robert Hinkle refused t...

Bwin and GVC set takeover date for February 1, stock release Feb 2

Lars Jones

January 6, 2016

Latest Casino and Gambling News, Casino News, Economy/Finance, Mobile gaming, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

GVC Holdings will take over bwin.party in a £1.1 billion (about $1.61 billion) to be completed on February 1, 2016. In spite of being hammered by the impacts of a 3% EU VAT, bwin.party posted a revenue increase...

Imperial Pacific reports US$1.44 billion rolling at Saipan temporary casino in December

Lars Jones

January 5, 2016

Casino News, Latest Casino and Gambling News, Economy/Finance, Northern Mariana Islands, Saipan

Although a slight drop from the stunning November debut, Best Sunshine (Imperial Pacific) said in a filing with the Hong Kong Stock Exchange that rolling chips totaled nearly one and a half billion in USD for ...

Financing woes; Closed Atlantic Club casino back on the market

Lars Jones

January 5, 2016

Casino News, Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Bankruptcy, New Jersey

The Atlantic Club was the first of four casinos top close-up shop in Atlantic City in 2014 and now plans to turn the property into a water park and recreation center have been put on hold, perhaps permanently. ...

Caesars Entertainment Corp case with bondholders to go to trial

Sadonna Price

January 5, 2016

Latest Casino and Gambling News, U.S.A., Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

Bondholders’ involved in a case against Caesars Entertainment Corp lost the opportunity for an early resolution in a lawsuit after a United States District Judge ruled in the casino’s favor. The case will go to...

Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

Lars Jones

December 31, 2015

Casino News, Latest Casino and Gambling News, China, New Hotels, Casino project updates, Economy/Finance, Russia, Russia

In spite of several unavoidable delays, Tigre de Cristal Casino opened its doors on October 8, 2015 and is operating smoothly with landmark business in Russia's Far East. The Lawrence Ho creation (son of Maca...

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Atlantic City casino revenue down 47% since 2006, NJ online up 21% in 2015

Puerto Rican government still embroiled in video lottery terminal battle

Bernstein reports that mass GGR contributed around 52% of Macau’s December GRR

Argosy Alton casino forced to close during flooding; sees decrease in revenues

Saratoga Casino & Raceway secures financing to bolster $39.3 million expansion

Northwest Indiana casinos continue to stay even with gaming revenues

Non-gaming amenities keep Nevada casinos revenue more stable

Is future technology industry advantageous for Nevada’s gaming industry?

High stakes north Jersey casino proposals, more set for action next week

Judge refuses to toss Seminole Tribe lawsuit, poll finds wide support for compact

Bwin and GVC set takeover date for February 1, stock release Feb 2

Imperial Pacific reports US$1.44 billion rolling at Saipan temporary casino in December

Financing woes; Closed Atlantic Club casino back on the market

Caesars Entertainment Corp case with bondholders to go to trial

Chinese gamblers flock to Siberia’s Tigre de Cristal Casino

Thai Court Removes PM Paetongtarn Shinawatra, Leaving Casino Bill in Limbo

Macau Gaming Revenue Hits Post-Pandemic Record in August

Travellers Reclaims Manila’s Westside City Casino Project

Wynn Resorts Upgraded as UAE and Macau Fuel Optimism

MPL Announces Major Job Cuts in India Following Paid Gaming Ban